Fixed interest rates are available for all ASB home loans except Orbit and Orbit FastTrack.

Certainty
During the period of the fixed rate that you choose, your regular loan payments will not change - even if the rates in the world's money markets move up or down.

At the end of the fixed interest rate term, the loan will automatically go on to a variable rate, unless you choose another fixed interest rate term.

Read more about your options when your fixed interest rate is up for renewal.

Some flexibility to pay off your loan faster
You can make a lump sum payment of a minimum of $10,000 - a penalty fee will be charged, which is called an early repayment adjustment.

You could also increase your regular payments by up to a further $500 per fortnight or $1,000 per month without being charged a penalty fee - provided you maintain the increased payments for the remainder of the fixed rate period.

If you decide to repay in full or make additional lump sum payments, a penalty fee will be charged, which is called an early repayment adjustment.

When the fixed rate period ends
You have a number of options.  You can:

• Select another fixed interest rate period.
• Allow your loan to revert to our standard variable interest rate and select a fixed rate period at any time in the future.
• Review your home loan structure.  For example, if interest rates have increased, you can extend your loan term to keep your repayments the same or if interest rates have dropped, you can take that opportunity to pay off your loan faster by shortening the loan term to keep your repayments the same.
• Split your loan across a variable and fixed interest rate or alternatively across different fixed interest rates.

If you would like to talk to a Lending Specialist about these options, simply call 0800 100 600 or visit your nearest branch.

You may also like to read our Home Loan Rate reports in order to compare the current interest rates with forecasts and historical trends.

_{A loan re-fix fee of $50 may apply.}

Home loan interest rates and fees.