ASB offers 1.9% floating rate on new builds

Staff reporters
Mon, 17 May 2021

Staff reporters
Mon, 17 May 2021
ASB Bank is offering those who want to build a house a 1.79% floating rate backed by funds provided by the Reserve Bank's funding-for-lending programme (FLP).The central bank is offering to lend banks up to $28 billion, depending on the size of each bank's loan book, under the FLP fixed for three years at the official cash rate, currently 0.25%.ASB's offer to both owner-occupiers and property investors, is the lowest in the market, beating Heartland's 1.95% floating rate offer which is limited to owner-occupiers.Other bank float...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Finance FREE
Money Answers: what's the best share investing strategy in a recession?
Frances Cook | Sat, 02 Jul 2022

Spreading your money through good quality companies, then leaving it alone for a few years is the boring but most likely way to build wealth for most of us. 

On the Money
On The Money: Air NZ's feeding frenzy, Kerry Prendergast's movie date, and more
Pattrick Smellie | Sat, 02 Jul 2022

In this week's OTM: Greg Foran's preference for pies, Kerry Prendergast's future at the film commission, a blast from the past from Enable Networks, and more...

The Economist
The great Silicon Valley shake-out
The Economist | Sat, 02 Jul 2022

We look at the world’s startups and identify the safe, the uneasy and the doomed.

Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges

Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.