Why refinance with ASB?
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Canstar Outstanding Value Home Lender 2025
You could get a better interest rate, as well as a cash contribution to help with any switching costs. -
A dedicated switching team to move your automatic payments and direct debits from your current bank to ASB.
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Easy experience
Meet an ASB home loan expert for as little as 30 minutes at a time and place that suits you. -
Manage your home loan on mobile and online 24/7 via ASB Home Central.
Home loan interest rates
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24-month fixed rate
36-month fixed rate
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Housing variable rate
Take the next step
Switch your home loan to ASB in three easy steps
If you're an existing ASB customer:
- Book online: Schedule an appointment with a home loan expert.
- Meet your expert: Chat through your application in as little as 30 minutes.
- Switch: Get pre-approval and switch to ASB's award winning team.
Apply online
New to ASB? Start your home loan application online now. It takes just a few minutes, we'll take care of the rest.
Mortgage Repayment Calculator
Questions about refinancing?
Thinking of refinancing your home loan? Learn more about the ins and outs of the refinance process to ensure you make the right decision for you.
What is refinancing?
Refinancing involves moving your home loan to another bank. Essentially your existing home loan is paid out by the new home loan, and you repay this over time.
Why might you refinance your home loan?
There are many reasons why you may consider refinancing your home loan, some of these include:
- • Locking in a more competitive interest rate which may enable you to pay off your home loan faster
- • Accessing different products, services and cash contribution payments currently not available with your existing bank
- • Accessing different home loan features and benefits (for example, ASB Compassionate Care - ASB’s free home loan benefit)
- • Those who currently pay a Low Equity Margin (LEM) for loans with less than 20% equity – if you move your home loan and have your home revalued this could potentially mean your LEM is removed (i.e. potentially paying less in interest). Existing ASB customers can also request a reduction or removal of the LEM at any time six months after the date of initial drawdown. You can find out more here.
What to consider before refinancing your home loan?
1. Think about why you want to refinance your home loan
2. Look into the potential costs of switching your home loan to a new bank, these could include:
- a. Fixed rate break costs or charges from your current lender
- b. Solicitors’ costs
- c. Loan processing fees
- d. Any cashback rewards from your current lender that you may need to return
3. Review your current loan and have a chat with your bank to ensure you are on the same page with repayments, associated refinance costs, and the terms of your existing home loan
4. Complete your own research and compare different home loans to see what might suit you best
5. If you’ve now made the decision to refinance your home loan with ASB, follow our simple steps below to begin the process
ASB’s lending criteria, terms, conditions and fees apply.