Registered bank
ASB home loan rates
ASB’s carded fixed rates, next to every other New Zealand lender — plus the cashback terms and the bit that usually goes unsaid: what you’d owe back if you left early.
- Lender type
- Registered bank
- Ownership
- Commonwealth Bank of Australia
- Cashback clawback
- 3 years
Today's rates
ASB against the rest of the market.
A rate only means something next to the alternatives. This is the whole market, updated nightly, with ASB in it rather than on its own.
PLACEHOLDER — no live rate data. Structure only. The nightly scraper fills this; it must not go in front of traffic until it does.
| Lender | 6 mth | 1 yr | 18 mth | 2 yr | 3 yr |
|---|---|---|---|---|---|
| ANZ | — | — | — | — | — |
| ASB | — | — | — | — | — |
| BNZ | — | — | — | — | — |
| Westpac | — | — | — | — | — |
| Kiwibank | — | — | — | — | — |
| TSB | — | — | — | — | — |
The bit nobody prints
ASB’s cashback, and the condition on it.
What's advertised
$200,000+
minimum loan
Advertised at $5,000 for first home buyers, with the loan drawn down in full at settlement.
The condition
3 yrs
before it is yours to keep
Repayable pro-rata: refinance, repay or terminate within 36 months and a proportion of the cash contribution is repayable.
Worth knowing
What's specific to ASB.
- The clawback is explicitly pro-rata, so leaving at month 30 is not the same as leaving at month 3.
- Requires the full loan drawn at settlement, which rules out staged drawdowns.
Rates and offers are collected from published material and change without notice. Confirm anything here against ASB directly or with a licensed adviser before you act on it.
Questions
ASB, specifically.
Does ASB negotiate on its carded rate?
Carded rates are the published starting point. What a lender will actually do depends on your equity, income and how much of your banking moves with you. The gap between the two is the thing worth knowing before you ring them.
What happens to my ASB cashback if I leave early?
Repayable pro-rata: refinance, repay or terminate within 36 months and a proportion of the cash contribution is repayable. Leaving inside that window means repaying some or all of it.
How is a ASB break fee calculated?
Lenders calculate an early repayment adjustment from wholesale swap rates, not from the advertised rate. It is largest when wholesale rates have fallen since you fixed, and often very small or nil when they have risen. The figure moves day to day, so any quote is only good for a few days.
Can I refix with ASB without moving banks?
Yes. Refixing stays with your existing lender and is usually a short administrative step. Moving banks is a fresh credit application, which is a different question with different costs — legals, valuation, discharge, and possibly a break fee and cashback clawback.
Is ASB still the right place for it?
Two numbers and a date is enough to see what your rate is costing. We don't ask who you are until you've seen it.
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