Fixed interest rate home loan

With this loan you keep the same interest rate and make the same payments for a selected period of time. This may make it easier for you to manage your finances because you know that your payments won’t change.

Benefits at a glance

  • Fixed interest rate terms to suit you – from 6 months to 5 years.
  • Budget with certainty knowing your payments won’t change for your fixed interest rate term.
  • Interest only option available.
  • You can increase your regular payments by up to $500 per fortnight, or $1000 per month for the rest of your fixed interest rate term.

Is it right for me?

A fixed interest rate loan may suit you if you want to make regular loan payments and know exactly how much each payment will be. Budgeting may be easier knowing your interest rate and payment amounts won't change during the fixed interest rate period.

However you need to be mindful that a fixed interest rate means limited payment flexibility. If flexibility to make extra payments is important to you, you might like to consider a floating interest rate loan, or perhaps split your loan and have a combination of both fixed and floating. If you need to make one or more extra payments during the term of a fixed interest rate loan, you may incur an Early Repayment Adjustment fee. 

About this loan

Increasing your payments

You can increase your payments by up to $500 a fortnight or $1000 a month without any cost through ASB Home Central. If you do this, you’ll need to keep your payments at this new amount for the remainder of your fixed interest rate term.

Make an extra payment

It is possible to make an extra payment on a fixed interest rate loan however you need to be aware an early repayment adjustment (ERA) may apply.

Choose how you repay the interest and principal

There are different repayment options to choose from. This includes a table loan, a reducing loan or interest-only.

Re-fix an existing ASB home loan rate wherever you want.

Find out how you can re-fix your existing ASB home loan rate online via ASB Home Central or through the ASB Mobile app up to 35 days before expiry. You can access a range of personalised rates across different terms, and view the repayments, to choose the right option for you. Plus, if interest rates change on asb.co.nz for the same term that you selected online, we'll apply the lower of the two rates with no early repayment adjustment. 

Alternatively, you can choose to do nothing and your interest rate will revert to our Housing Variable (floating) rate

Choose a single loan or a split loan structure

You have the option of a single loan on a fixed interest rate or you can choose to split the amount you borrow across a combination of different interest rates as seperate loans.

A split loan can give you both the convenience of payment certainty and flexibility.

Fix your interest rate

You can fix your interest rate for terms between 6 months to 5 years.

Home loan interest rates

Min 20% equity

12-month fixed rate
18-month fixed rate

24-month fixed rate

36-month fixed rate
48-month fixed rate

60-month fixed rate
6-month fixed rate
18-month fixed rate

24-month fixed rate
36-month fixed rate
48-month fixed rate
60-month fixed rate
6-month fixed rate
12-month fixed rate
Housing variable rate

Rates may change. Loan processing fee of up to $400 may apply. After the fixed rate period the Housing Variable Rate will apply. For those with less than 20% equity see here for rates.

We're here to help

Apply online

Start your home loan application online. We'll be in touch to complete the next steps with you.

Get started

Give yourself 5-10 minutes.

Meet in person

One of our team can meet at a time and place that suits you, or you can make an appointment to meet at an ASB branch.

Find a Home Ownership Manager near you.

Log in to book an appointment.

Give us a call

You can pick up the phone and call one of our home lending team, weekdays 8am-6pm and on Saturday 8:30am-5pm.

0800 100 600

+64 9 306 3000 for overseas

Manage loan online

Existing customers can view and manage loans, apply for a top up and more.

Log in to Home Central

Other options to consider

ASB’s lending criteria, terms and fees apply. An early repayment adjustment may apply if you break a fixed rate term.

Home loans Fixed interest rate home loan