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12/01/2012
Kiwibank has today cut its four-year home loan rate from 6.79% p.a. to 5.99% p.a. The new rate significantly undercuts competing bank rates.
Kiwibank Communications Manager Bruce Thompson said the bank traditionally likes to kick-start the year with a market-leading rate.
"Over the past couple of years, the competition has been for shorter term lending, but Kiwibank is now offering home owners the opportunity to lock-in a very low rate for a longer period.
"There is considerable uncertainty about interest rates and about the world economies, so this four-year offer gives customers certainty," Mr Thompson said.
The four-year special requires a minimum 30% deposit (equity) and is available for a limited time.
For further information: Bruce Thompson, Communications Manager (04) 460 6831.