ASB cuts three, four and five-year home loan rates

ASB is cutting its three, four and five year fixed home loan rates.

"ASB has reduced its three, four and five year fixed interest rates to assist our customers who want more certainty in their home loan repayments over the longer term. Our special two-year fixed home loan interest rate of 5.25% has come to an end, and the two-year term is now aligned this with the 12 and 18 month fixed home loan interest rate of 5.45%. Our popular Samsung Galaxy promotion continues until 28 February on all new lending over $100,000," says Shaun Drylie, General Manager Retail Products and Strategy.

ASB fixed home loan interest rate change, effective 21 January 2013.

6 month - 5.75% No change

1 year - 5.45% No change

18 month - 5.45% No change

2 year - 5.45% + 0.20%

3 year - 5.75% - 0.15%

4 year - 5.95% - 0.15%

5 year - 6.25% - 0.25%