Sharechat Logo

Kiwibank drops home loan rates

Thursday 3rd July 2008

Text too small?
Kiwibank has reduced home loan interest rates, bringing most fixed rates below the 9% mark.

Its three-year rate was down to 8.99%, however it is offering 8.79% for loans up to an 80% loan to valuation ratio.

“We have been monitoring the markets very carefully and have seized an opportunity to make immediate cuts,” Kiwibank chief executive Sam Knowles says.

He says Kiwibank had been able to use strong growth in deposits to fund lending,

Kiwibank said its rates were: one year 9.29% (down 0.11%); two year 8.99% (no change); three year 8.79% (down 0.26%); four year and five year 8.99% (both down .06 per cent). The two and three year rates are only available for home owners or home purchasers with 20% or more equity in the property.

To compare Kiwibank's three year rate with other banks Click here

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

18th October 2021 Morning Report
T&G Global Limited (NZX: TGG) FY21 Earnings Guidance Update
Arvida Group Limited (NZX: ARV) Successful Completion of $155m Placement
FreshLeaf: Cannabis on course to be 'medicine of the masses'
Arvida Group Limited (NZX: ARV) to Acquire Arena Living Retirement Living Portfolio
My Food Bag Group Limited (NZX: MFB) Market Update and HY Results Announcement Date
Harmoney Corp Limited (NZX: HMY) Delivers Record September Quarter
Vital Healthcare Property Trust (NZX: VHP) Announces Successful Completion of $115m Placement
14th October 2021 Morning Report
General Capital Limited (NZX: GEN) Completes Greenfern Listing