Property

Banks offer loan relief for quake victims

The country's major banks have announced a number of assistance package measures for home loan customers affected by the Christchurch earthquake.

Thursday, February 24th 2011

ASB is offering home loan customers the opportunity to suspend home loan payments for up to three months - though interest will still be added to the loan.

The bank has also scrapped early repayment fees when repaying a fixed rate loan on a home that has been destroyed or suffered major damage. Also, no establishment or adjustment fees will be charged for those looking to establish or restructure a home loan as a result of the quake.

Three month loan repayment suspensions are also on offer from Kiwibank and ANZ, while BNZ is offering to suspend loan repayments for 180 days.

Westpac has also announced it will offer customers a loan repayment holiday, though no time scale has yet been outlined for the break.

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SBS FirstHome Combo	6.74
Heartland Bank - Online	6.89
Wairarapa Building Society	6.95
Unity	6.99
Co-operative Bank - First Home Special	7.04
ICBC	7.05
China Construction Bank	7.09
BNZ - Classic	7.24
ASB Bank	7.24
ANZ Special	7.24
TSB Special	7.24

Unity First Home Buyer special	6.45
Heartland Bank - Online	6.55
SBS Bank Special	6.69
TSB Special	6.75
Westpac Special	6.75
China Construction Bank	6.75
ICBC	6.75
AIA - Go Home Loans	6.75
ASB Bank	6.75
Unity	6.79
Co-operative Bank - Owner Occ	6.79

SBS Bank Special	6.19
ASB Bank	6.39
Westpac Special	6.39
AIA - Go Home Loans	6.39
China Construction Bank	6.40
ICBC	6.49
Kiwibank Special	6.55
BNZ - Classic	6.55
Co-operative Bank - Owner Occ	6.55
TSB Special	6.59
SBS Bank	6.79

SBS FirstHome Combo	6.19
AIA - Back My Build	6.19
ANZ Blueprint to Build	7.39
Credit Union Auckland	7.70
ICBC	7.85
Heartland Bank - Online	7.99
Pepper Money Essential	8.29
Co-operative Bank - Owner Occ	8.40
Co-operative Bank - Standard	8.40
First Credit Union Standard	8.50
Kiwibank	8.50