Once you have an ASB home loan, there are ongoing options to help make sure it continues to work for you.

• Topping up your home loan.
• Keep the same home loan when you move house.
• Your options when your fixed interest rate is up for renewal.
• Additional repayments without fees.
• Smart ways to save interest and be mortgage-free faster.
• Take a break from your home loan repayments

Top up your home loan if you need extra money

Your ASB home loan can help you get what you want in life, when you want it. As you repay your loan, you can apply to borrow more for any purpose, still secured by your house and still at ASBs competitive home loan interest rate.

So if the time is right for something like a new car, home renovations or a holiday, talk to us about topping up your home loan.

Keep the same home loan when you move house

If you sell your home and buy another, you may retain your existing ASB home loan package by exchanging the security to your new property.

Your options when your fixed interest rate is up for renewal

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 your 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.}

Additional repayments without fees

With a variable rate home loan, including Orbit and Orbit FastTrack, there are no fees for early or lump-sum repayments.

With a fixed rate home loan, you can increase your regular payments by up to a further $1000 per month or $500 per fortnight without fees, provided you maintain the increased payments for the remainder of the fixed rate period. So if you can't keep up the increase, you can save any extra money and make a lump sum payment when the term ends. Any payments above these will incur an early repayment fee.

Take a break from your home loan repayments

You may have the option of suspending your home loan repayments for a period of up to 3 months. This might be a good option if you’re planning a family or going on an extended overseas holiday and want to put your repayments on hold.

A loan holiday only suspends the repayments.  The interest will continue to accrue on the outstanding loan balance during that time. Therefore, this option should be considered carefully as the amount of interest accrued will increase your loan balance and consequently increase your repayments.

ASB recognises that life is always changing, but what is certain is that ASB is here to help you through unexpected times. Click here for more information about ASB’s commitment to customers in financial difficulty.

_{Provision of loan holidays subject to meeting specific lending criteria and terms & conditions. There must also be a minimum of 12 months between the expiry of a loan holiday and the beginning of another.}