A split facility offers a combination of loan types and/or interest rate options. For example, many people choose to split their overall home loan between an Orbit loan and a fixed rate loan.

• An Orbit home loan gives you easy access to additional money at your convenience and flexibility to make lump-sum payments without being charged a penalty fee. You can also direct all your income into the account which keeps your balance as low as possible to reduce the interest you pay.
• The fixed rate loan on the other hand, offers the security of set repayments.
• You establish your ideal balance between flexibility and certainty by deciding how much to put on each type of loan.

There are many combinations you can choose from and it's a good idea to talk these through with an ASB lending specialist. Just call 0800 100 600 or visit your nearest ASB branch.

Home loan rates

View the latest interest rates

Home Loan Fees

Orbit and Orbit FastTrack fees
A flat monthly account fee of $12 applies. This covers unlimited transactional fees including automatic payment, direct debit, telephone banking and internet banking bill payment fees. Fees are subject to change.

All customers who use other banks' ATMs to obtain an account balance or withdraw cash will be charged a 50c other bank ATM usage fee in addition to the Orbit and Orbit FastTrack home loans flat monthly account fee.

Loan processing fee
When a home loan is first arranged, a loan processing fee of $400 applies. For a split facility you pay only one loan processing fee. A low equity fee may also apply.

Alteration to borrowers or security held for a loan:

Discharging your loan:

• For partial or full repayments of a fixed rate loan before the end of the fixed rate period an early repayment adjustment administration fee of $50.00 will apply.
• This will be charged in conjunction with any early repayment adjustments.

Changing loan types
If you change your loan type or move to a new fixed interest rate you will incur a switch fee of $250.00.

Unpaid local body rates
If ASB has to collect unpaid rates on behalf of a local council these fees will be applicable:

• Local body rates demand notice - $50.00.
• Plus additional charge if ASB has to make a rates payment - $60.00.

Loan default
If you default on your loan and the deduction account is overdrawn or in excess of any agreed limit, or the balance owing under your loan account exceeds the loan amount or the reducing limit, interest will be calculated daily on the overdrawn amount at the Unarranged Overdraft Interest Rate, until it is paid in full.  Please note this interest rate is subject to change at any time.