✕
INDEPENDENT NEWS

ASB Bank Reduces Variable Home Loan Interest Rate

By: ASB Bank
Published: Wed 19 Sep 2001 10:53 AM
Statement made by Barbara Chapman, Group GM Marketing and
Human Resources, ASB Bank Limited
ASB Bank today announces a reduction in its variable home lending interest rate, from 7.70% p.a. to 7.20% p.a.
This reduction takes effect immediately for new home loans, and on or after Monday 8 October 2001 for existing variable home loans.
On a table mortgage of $100,000 over a 20 year term, this equates to a reduction of $30.52 per month. This reduction, combined with the reductions announced in March, April and May means that the cost of a $100,000 mortgage over 20 years has reduced by $80.50 per month in the past 6 months.
The reduction is a result of a reduction in the Reserve Bank Official Cash Rate announced today.
- ENDS –
ASB Bank
Helping you get one step ahead.
In 1847, ASB opened as the Auckland Savings Bank with the pledge: 'to serve the community; to grow and to help Kiwis grow'. And that is very much what ASB is about today.
ASB is a leading provider of integrated financial services in New Zealand including retail, business and rural banking, funds management and insurance.
ASB strives to consistently provide its customers with outstanding service and innovative financial solutions. They're dedicated to providing simple financial products that allow their customers to bank with them how and when they want.
We all have our own ways to measure progress, and our own stories about the things that matter to us. Whatever way you choose to measure progress, and whatever your goals, ASB is there to help you get one step ahead.
Contact ASB Bank
Website:
www.asb.co.nz

Next in Business, Science, and Tech

Defending Privacy In The Surveillance State And Fragmenting Internet
By: Independent Media Institute
Governments and private entities have steadily eroded privacy on the internet. The trend toward internet functions centralising within national borders and fragmenting internationally reinforces the need to safeguard both openness and security in cyberspace.
Kiwi Inventor Seeks To Change The World Of Fishing And Ocean Care With Sustainable Fishing Products
By: Ecobaits
A Whangaparaoa entrepreneur has created new eco-friendly bait products using biodegradable ingredients that stays on a fishhook for longer than other baits, enabling more fish to be caught more cheaply, and giving anglers ‘real value for money’. Ecobaits ...
Download Weekly: 2degrees Charged Over Roaming Claim
By: Bill Bennett
In this week's newsletter: The Commerce Commission charges 2degrees over misleading roaming claims, One NZ gets the go head to buy Dense Air, Spark warns shareholders as challenging trading conditions hit.
Emergency Mahi Underway For Endemic Skink On The Brink
By: Auckland Zoo
Ninety-two percent of Aotearoa New Zealand’s 124 lizard species are Threatened or At Risk of extinction and awakōpaka skink is one of the most threatened. Lizards have long fallen below the ‘conservation radar’ due to current conservation strategies ...
AI Has Multiple Uses In Surgery, Research Finds
By: University of Auckland
A group of researchers led by surgery researcher Dr Chris Varghese at Waipapa Taumata Rau, University of Auckland has just had an article on artificial intelligence in surgery published in leading journal, Nature Medicine.
TRENZ Bids Goodbye To The Capital, And Hello To Rotorua
By: Tourism Industry Aotearoa
Over the last two days, 1000 delegates from 25 countries have been networking, exploring the city, and conducting business which underpins the success of future tourism seasons in New Zealand.
View as: DESKTOP | MOBILE
Scoop Contact About Services Newsagent Login
Connect Submit News Social Media Scoop Network
Ethical Paywall Accredited Orgs. Licensing Terms of Use
© Scoop Media