Kiwibank will tomorrow morning launch a two-year fixed rate home loan rate of 3.99 per cent. This is the lowest fixed rate the bank has promoted since it was launched in 2002.

A minimum 20 per cent deposit is required and the special rate will only be available for two weeks (ending May 27, 2016).

The 3.99 per cent rate significantly under cuts carded rates by competitor banks.

For further information: Bruce Thompson, Communications Manager (04) 460 6831