Under COVID Level 2, all Wellington branches will be open normal business hours from Thursday 24 June to Sunday 27 June. See our latest branch updates for more information. We encourage you to bank through Internet Banking, the mobile app and Phone Banking. All other branches around the country will be open as usual.
06/09/2013
Kiwibank has made a number of changes to its fixed mortgage rates, some because of the rising cost of funding and some as a response to the new restrictions on low equity lending.
Kiwibank is holding its variable rate at a market-leading 5.65% p.a., but limiting its one-year special of 4.89% to customers with 20% or more equity in the property. Those with less than 20% that qualify for a loan will be offered 5.25%.
Kiwibank is also splitting its offer for two-year fixed lending: 5.75% for those with 20% or more equity and 5.95% for those with less than 20% equity.
Longer term rates will rise from Monday and apply to all new lending. Three year rises 0.35% to 6.40%; four years rises 0.40% to 6.70% and five years up 0.30% to 6.90%.
For further information:
Bruce Thompson
Communications Manager
(04) 460 6831