Kiwibank goes sub 3%

08/05/2020

Kiwibank is offering a 2.99% fixed interest rate for one-year effective Monday May 11, 2020.

This is Kiwibank’s first ever sub 3% home loan interest rate.

Kiwibank General Manager of Product Nicole Pervan says the move is about providing value to customers.

“Customers with a fixed interest rate expiring within the next month are likely to roll onto a new interest rate 1% lower than their current rate.

“On an average sized loan this will reduce repayments from $50 to $70 a week which will go a long way at this time. Customers have the flexibly to pay off their loan faster or keep that money in their back pocket for a rainy day.”

Kiwibank is committed to support Kiwis and New Zealand business as we all work to recover from the impacts of Covid-19.

The rate is available for both new and existing customers with 20% equity and will be available from Monday 11 May 2020.

Lending

Product

Current rate p.a.

New rate p.a.

Change

Kiwibank one year fixed

3.09%

2.99%

-0.10%

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