TMM - News

Kiwibank smashes record with 2.65% home loan

Friday 22nd of May 2020

The 2.65% one-year term is set to become the cheapest in the market, edging ASB's 2.69% two-year rate, which came into effect at the weekend.

Kiwibank's new rate is effective from May 25, and represents a cut of 34 basis points. 

The cut comes alongside a series of other rate reductions. Kiwibank's two-year rate falls to 2.79%, a drop of 60 basis points. 

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