ASB has lowered its one-year fixed home loan rate by 24bps.
ASB's one-year fixed home loan rate (special) has reduced from 4.19% p.a. to 3.95% p.a., while the standard rate for the same term has reduced from 4.59% p.a. to 4.45% p.a.
The reduced rate is available for new and existing home lending from 9am Wednesday 14 November.
|Updated home loan rates||Old rate||New rate|
|One year||Special* – 4.19%
Standard – 4.59%
|Special* – 3.95%
Standard – 4.45%
*ASB's special home loan rates are subject to customers having a minimum of 20% equity. Terms and lending criteria apply.
For more information go to asb.co.nz/homelending