Information on this page is for existing HomePlus customers. HomePlus is closed to new applications.
HomePlus variable rate
Interest rates are subject to change at any time without notice. ASB’s Home Loan Criteria applies.
There are some fees and charges that are involved in setting up and maintaining your HomePlus loan. These include:
The value of your home plays a large part in how much you can borrow. We may require you to get an independent registered valuation before your loan is approved, which you will need to pay for. The valuation will need to be completed by an approved registered valuer using our panel valuation service. We can organise this on your behalf.
You will be required to obtain independent legal advice as part of the application process, which you will need to pay for.
To increase the amount of an existing home loan.
When you request a copy of your loan agreement or any other documents supporting your loan application held by ASB.
When a copy of your title is required.
When you request one of the following that affects the land title:
When we receive a request from your solicitor for a settlement statement as part of releasing your mortgage.
When we have to write to you due to a failure to make payment of your local body rates.
Plus an additional charge will be incurred if we have to make a rates payment on your behalf.
When we have to write to you due to the preparation of a formal demand for the repayment of your outstanding debt.
Default interest rate (Variable) / Unarranged Overdraft Interest Rate: When you default on your home loan and the deduction account is overdrawn or in excess of an agreed overdraft limit. The interest will be calculated daily on the overdrawn amount, or the amount in excess of the arranged limit, at the Unarranged Overdraft interest rate until paid in full. The interest rate is subject to change at any time.
HomePlus loans are subject to specific lending criteria including a registered valuation of your property and you will be required to seek independent legal advice as part of the application process, both these additional fees you will need to pay. ASB may also require you to obtain further valuations during the life of your HomePlus loan, which you will need to pay.
Terms and Conditions
Loans for business purposes are excluded and are for New Zealand residential property only.
You will also need to have an ASB transaction account (like Omni or Streamline) to access your HomePlus loan.