Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

ASB Cuts Fixed Home Loan Interest Rates

ASB Cuts Fixed Home Loan Interest Rates

ASB is reducing its fixed home loan interest rates by up to 0.40%.

The new rates are effective from tomorrow, Wednesday 2 November. They include a 0.40% reduction in the 3 year rate to 6.30% per annum; a 0.35% reduction in the 4 year rate to 6.70% per annum; and a 0.30% percent reduction to 18 month, 2 year and 5 year rates to 5.80%, 6.00% and 7.10% per annum respectively.

"We are passing on the benefits of movement in wholesale funding rates to our customers. Our fixed home loan rate reductions mean ASB now offers the most competitive 18 month, 3, 4 and 5 year fixed rates among the major banks," said ASB Executive General Manager Strategy, Payments and Product, Catherine McGrath.

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 
 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.