ASB cuts six and eighteen-month fixed home loan interest rates

ASB is now offering the same great fixed home loan interest rate of 5.45% per annum across all fixed terms of two years and under.

“We have dropped both our six-month term and eighteen-month terms so we can offer this lower fixed home loan interest rate across all terms two years and under, which lets our customers choose which term suits them best without having to also decide between rates,” says Shaun Drylie, General Manager Retail Products and Strategy.

ASB fixed rate home loan interest rate change, effective 27 August 2012.

Term	Previous Interest rate	New Interest Rate	Change
6 Month	5.59%	5.45%	- 0.14%
12 Month	5.45%	5.45%	No change
18 Month	5.55%	5.45%	- 0.10%
2 year	5.45%	5.45%	No change