ASB - 12 month (Special)

Bank

last updated on 2018-10-09 15:12:52

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Overview

Rating

Fixed Rate

4.39%

Floating rate

 

Min borrowing period

6 months

Establishment fee

$150

Early repayment/part prepayment fee

Early Repayment Adjustment (ERA) costWhen you have a home loan on a fixed interest rate and you decide to do one of the following:move onto the variable interest rate or another fixed interest ratepay back your home loan in fullmake a lump sum payment (we currently allow a minimum of $1,000 and this may be subject to an ERA)This amount varies. Please visit your nearest ASB branch or call 0800 100 600 for more details.Early Repayment Adjustment administration feeWhen you decide to break your fixed interest rate for any of the above reasons.$20(see "How can I avoid an ERA?" section of Understanding Early Repayment Adjustments manual for details)

Сashback

 

Fixed rate period

12 months

Maximum borrowing amount

$2 000 000

Max borrowing period

360 months

Payment frequency

fortnightly

Default penalty interest rate

+22.5%

Type

Mortgage purpose

  • Building
  • Buying Next Home
  • First Time Buyer
  • Investor

Loan to value ratio

Standard LVR

80%

low equity interest rate premium
LVR betweenpremium interest rate
80% - 85% 0.3%
85% - 90% 0.75%
90% - 95% 1.3%
Max LVR

95%

Requirements

Requirements

  • 18+
  • NZ Residency