Kiwibank has launched a fresh "limited time special” home loan offer with a one-year interest rate of 4.89%.
The bank says, unlike the current special offers from the big four banks, its offer isn't dependant on borrowers having a deposit of at least 20% or equity in their property of at least 20%.
The offer's available to both new and existing customers.
The 4.89% rate cuts 36 basis points off Kiwibank's previous one-year rate and is now the lowest advertised one-year rate from a bank.
Kiwibank, which has been offering a "special" 4.99% two-year rate, has ended that offer and increased its two-year rate to 5.25%.
See all advertised mortgage rates here.
| 1 yr | 2 yrs | 3 yrs | 4 yrs | 5 yrs | |
 |
4.95% | 5.45% | 5.80% | 6.10% | 6.30% |
 |
4.95% | 5.45% | 5.75% | 5.95% | 6.25% |
| BNZ | 4.95% | 5.40% | 5.80% | 6.10% | 6.30% |
| Kiwibank | 4.89% | 5.25% | 5.65% | 5.99% | 5.99% |
 |
4.94% | 5.45% | 5.90% | 6.15% | 6.25% |
| Co-op Bank | 4.99% | 5.35% | 5.75% | 5.99% | |
| HSBC Premier | 4.99% | 4.99% | 4.99% | 5.50% | 5.75% |
| SBS / HBS | 4.99% | 4.99% | 5.65% | 5.99% | |
 |
5.25% | 5.30% | 5.75% | 6.10% | 6.30% |
TSB Bank still has a low rate Special 15 month offer of 4.95%.
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