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

 

ASB Bank Reduces Variable Home Loan Interest Rate

Statement made by Barbara Chapman, Group GM Marketing and
Human Resources, ASB Bank Limited


ASB Bank today announces a reduction in its variable home lending interest rate, from 7.70% p.a. to 7.20% p.a.

This reduction takes effect immediately for new home loans, and on or after Monday 8 October 2001 for existing variable home loans.

On a table mortgage of $100,000 over a 20 year term, this equates to a reduction of $30.52 per month. This reduction, combined with the reductions announced in March, April and May means that the cost of a $100,000 mortgage over 20 years has reduced by $80.50 per month in the past 6 months.

The reduction is a result of a reduction in the Reserve Bank Official Cash Rate announced today.


- ENDS –

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 



Game Developers Association: Existing Government Measures Won’t Stop One Of Our Fastest-growing Sectors Moving To Australia

“Existing government policies won’t stop New Zealand gaming and interactive media companies from choosing to expand in Australia instead of New Zealand,” NZGDA Chairman Chelsea Rapp... More>>

DoC: A Tale Of Two Halves For Rock Wren/Tuke
It’s a tale of two halves for rock wren/tuke with their fortunes hanging on effective predator control, the latest South Island-wide survey shows. The Department of Conservation monitoring programme, now in its third year, tracks populations of this small alpine bird... More>>


TradeMe: Wages Remain Hot While Job Listings Cool Off
Salaries are skyrocketing in the regions as Kiwi employers battle to attract staff and combat the rising cost of living, according to the analysis of over 77,000 vacancies listed on Trade Me Jobs for the quarter ending 30 June (Q2)... More>>




Spark: Launch Of New Submarine Cable Expands New Zealand’s International Connectivity By Nearly 100%

Southern Cross Cables Limited (“SX”) today announced the launch of its Southern Cross NEXT fibre cable (SX NEXT), creating the largest submarine network connecting Australasia... More>>



Motor Industry Association: New Vehicle Registrations Soften

The Motor Industry Association’s Mark Stockdale says that 12,049 registrations of new vehicles for the month of June shows the market is weakening in the face of raising costs of living... More>>



MYOB: New Data Shows Increase In SMEs Experiencing Stress And Anxiety

The lingering impacts of the COVID-19 pandemic have led to a surge in the number of local SME owners and operators experiencing stress and anxiety, according to new research from business management platform, MYOB... More>>