Kiwibank slashes five-year home loan interest rate

Kiwibank is slashing its five-year home loan interest rate in response to market conditions as a result of the Reserve Bank’s change in outlook.

Kiwibank chief marketing officer Mark Wilkshire said: “Kiwibank’s five-year fixed rate will be cut by 80 bps to 4.29% p.a. from Monday 1 April.

“Market conditions have allowed for a price change and we are being quick to pass on this benefit to New Zealanders. This change enables us to offer lower rates for the longer-term. We’re all about Kiwis making Kiwis better off and this will certainly enable more Kiwis to fulfil their home ownership goals.”

Media enquiries contact: Kara Tait, Kiwibank External Communications Manager - 027 475 3521