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Mortgages

National Bank raises floating home loan interest rate

The National Bank has followed the lead of the nation's other major banks and increased its variable home loan interest rate by 25 basis points.

Wednesday, June 16th 2004

National Bank said last night its floating home loan interest rate will increase from 7.75 per cent per annum to 8.00 per cent per annum.

The new rate will take effect from today for new customers and from July 5 for existing customers.

There are no changes to the bank's fixed home loan interest rates.

Bank of New Zealand moved yesterday, also bumping up its floating mortgage rate by 25 basis points to 8.0 per cent a year.

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Top Mortgage Rates

Unity First Home Buyer special 4.09
SBS FirstHome Combo 4.19
ICBC 4.49
Co-operative Bank - First Home Special 4.55
Kainga Ora 4.59
BNZ - Std 4.65
Co-operative Bank - Owner Occ 4.65
ASB Bank 4.65
AIA - Go Home Loans 4.65
TSB Special 4.69
SBS Bank Special 4.69
ICBC 4.89
China Construction Bank 4.95
Kainga Ora 4.95
Nelson Building Society 5.09
BNZ - Std 5.19
SBS Bank Special 5.19
Westpac Special 5.19
ASB Bank 5.25
AIA - Go Home Loans 5.25
TSB Special 5.25
Kiwibank Special 5.29
ICBC 5.65
Kainga Ora 5.69
Westpac Special 5.79
BNZ - Std 5.79
SBS Bank Special 5.79
Co-operative Bank - Owner Occ 5.89
ASB Bank 5.89
AIA - Go Home Loans 5.89
Kiwibank Special 5.99
TSB Special 5.99
China Construction Bank 5.99
SBS FirstHome Combo 3.29
AIA - Back My Build 3.34
SBS Construction lending for FHB 3.74
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Co-operative Bank - Owner Occ 4.99
Co-operative Bank - Standard 4.99
Heartland Bank - Online 5.30
ICBC 5.39
Kiwibank - Offset 5.75
Kiwibank Special 5.75
Kiwibank 5.75

Full Rates Table

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