Kiwibank extends earthquake package

It has also appointed a senior manager to oversee its commitment to Canterbury following the earthquakes. Tracey Berry, who lives in Christchurch and has extensive experience in the New Zealand banking industry has been appointed General Manager, Canterbury Growth.

Berry most recently headed up BNZ's wealth management operations and before that was at Kiwibank.

The home loan package for people affected by the earthquakes and eligible for the Government’s red zone assistance will now be open for applications through to the end of next year. It was originally launched in June last year and due to end in December. The offer is for mortgage lending at a 2% discount on its floating rate for a year from draw down. This means that the rate will be 3.65% based on the current variable rate.

The loan package is available for those who accept the offer from the Government and wish to purchase or build a property elsewhere. They will be required to contribute the Government’s payout towards the property purchase price.