Following the RBNZ’s decision to reduce the Official Cash Rate, ASB is taking the opportunity to lower its variable home loan and Orbit home loan rates.
ASB's variable home loan rate is reduced by 0.10% from 5.80% p.a. to 5.70% p.a.
ASB's Orbit home loan rate is reduced by 0.05% from 5.80% p.a. to 5.75% p.a.
These changes are effective Wednesday 15 May for new customers and Wednesday 22 May for existing customers.
"We have carefully considered the RBNZ's decision to lower the OCR along with balancing the needs and expectations of all our customers. Our new lower rates provide a competitive option for borrowers while also balancing the needs of our savings customers," says Craig Sims, ASB executive general manager retail.
For more information go to www.asb.co.nz/homelending
ASB variable home loan interest rate changes, effective Wednesday 15 May 2019 for new customers and Wednesday 22 May 2019 for existing customers. Lending criteria and conditions apply.
ASB's Terms and Conditions apply.