Kiwibank rate changes – variable lending rates decrease 0.25%
We're decreasing our home loan and business variable lending rates by 0.25%.
Kiwibank Chief Customer Officer – Business, Elliot Smith says: “We’re pleased to respond promptly to today’s changes by the Reserve Bank, allowing us to pass on reduced interest rates to our customers.
“In the current high interest rate environment, we understand that any decrease in lending rates can lead to meaningful savings on loans and mortgages, enhancing affordability and financial flexibility for our customers.”
Home lending
Effective from:
- Monday 19 August for new customers
- Monday 2 September for existing customers
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