Kiwibank opens 2015 with two-year mortgage rate cut

Kiwibank has kicked off its 2015 mortgage campaign with a two-year mortgage rate cut from 5.75% p.a. to 5.55% p.a. The bank is also offering a cash incentive of $2015 for all new home lending over $100,000 (minimum 20% equity). The cash offer includes the Government’s Welcome Home Loans scheme

Mid-January is traditionally a time when the home loan market becomes very active and competition increases between the banks.

Kiwibank offers a variable rate of 6.65% and fixed rates between the new 5.55% through to a five-year rate of 6.49% p.a.

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