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ASB Cuts Home Loan Interest Rates To Support Customers
ASB has responded to the RBNZ’s decision to reduce the Official Cash Rate, saying it will pass on the full cut to its customers.
“We’ve made a deliberate choice to pass on the full Official Cash Rate cut to our customers so we can support them during this period of uncertainty. We want our customers to know ASB is here for them, and will be doing our best to help their financial wellbeing over this time,” says Craig Sims, ASB executive general manager, Retail.
ASB’s variable home loan rate is reduced by 0.75% from 5.20% p.a. to 4.45% p.a.
ASB’s Orbit home loan rate is reduced by 0.75% from 5.30% p.a. to 4.55% p.a.
These changes are effective Wednesday, 18th of March 2020 for new customers and Wednesday, 25th of March 2020 for existing customers. Lending criteria and conditions apply.
“We have been supporting Kiwis for more than 170 years, during many testing circumstances, and we will continue to do the right thing for our people, our customers and our communities,” says Sims.
For more information on our rate changes go to https://www.asb.co.nz/legal/notices.html?fm=footer:link:notices
| Term | Interest rate p.a. | Change p.a. |
| Variable home loan rate | 4.45% | -0.75% |
| Orbit home loan rate | 4.55% | -0.75% |
ASB Bank
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In 1847, ASB opened as the Auckland Savings Bank with the pledge: 'to serve the community; to grow and to help Kiwis grow'. And that is very much what ASB is about today.
ASB is a leading provider of integrated financial services in New Zealand including retail, business and rural banking, funds management and insurance.
ASB strives to consistently provide its customers with outstanding service and innovative financial solutions. They're dedicated to providing simple financial products that allow their customers to bank with them how and when they want.
We all have our own ways to measure progress, and our own stories about the things that matter to us. Whatever way you choose to measure progress, and whatever your goals, ASB is there to help you get one step ahead.
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