The bank is introducing a standout two-year fixed rate of 4.99% per annum for borrowers with at least 20% equity
Kiwibank has announced adjustments to its home lending rates, effective from today.
Among the changes, the bank is introducing a standout two-year fixed special rate of 4.99% per annum for borrowers with at least 20% equity.
The updated rates include reductions across various fixed-term options. The 1-year fixed rate has decreased from 5.19% to 4.99%. However, some longer-term rates have seen slight increases, such as the five-year standard fixed rate rising from 5.89% to 6.69%.
The variable and revolving rates remain unchanged at 6.75% and 6.80% respectively, indicating a stability in the bank's approach to these products.
Kiwibank’s new two-year special rate provides an attractive option for borrowers seeking stability and affordability in uncertain economic times.
Customers are encouraged to assess their financial situation and explore refinancing opportunities to take advantage of these lower rates.
For further details on Kiwibank’s updated home loan offerings, customers can contact their local branch or visit the bank’s website.
How will these changes potentially impact consumers? Share your thoughts in the comments below.
