Kiwibank has today launched a six month home loan rate of 4.79% p.a., the lowest home rate it has offered since it began operating 11 years ago.
The new rate is reduction of 0.46% and is not restricted to new customers, has no minimum lending requirement and no debt/equity restrictions.
Kiwibank Chief Executive Paul Brock said it is a very competitive home loan market at the moment and the Kiwibank offer may well be the lowest rate offered by any bank for many decades.
The rate is being promoted as a “limited time special”.
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