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Home loan interest rates & fees - Fixed & variable | ASB


When you apply for a new home loan.

When you increase an amount of an existing home loan.

If a home loan is approved and you then make changes to your home loan that requires new documents to be prepared.

Monthly account fee. Unlimited manual and electronic transactions. Service charges may apply. Refer to our guide to fees - An overview of bank fees and charges, available from any ASB branch or at asb.co.nz.

When you switch your home loan to or from a fixed rate. Also commonly referred to as a Refix fee.

When you request a copy of your loan agreement or any other documents supporting your loan application held by ASB.

When a copy of your title is required.

When you request one of the following: 

  • the partial release or substitution of the security property
  • a transfer of ownership with a new mortgage required
  • a transfer of ownership to a trust or company
  • a transfer of ownership with a new party to the title
  • a land title change with a new mortgage required

When you request one of the following:

  • the addition of a new party to the loan facility (but not changing the land ownership)
  • the transfer of a loan facility to a new party (but not changing the land ownership)
  • the transfer of a land title releasing an owner
  • retirement/appointment of a trustee (when no new mortgage is required)

When you request one of the following that affects the land title:

  • Deposit of unit plan
  • Easement
  • Encumbrance
  • Subdivision or cross lease (with no new mortgage required)
  • Variation of lease

When you request one of the following:

  • changes to the Memorandum of Priority
  • registration of subsequent charges
  • deeds of priority or subordination

When we receive a request from your solicitor for a settlement statement as part of releasing your mortgage.

When you have repaid your home

loan in full and the mortgage needs to be released.

Urgent requests incur an additional fee. You can make an urgent request for the following:

  • Change parties to loan agreement or owners on title
  • Registrations affecting land titles
  • Priorities
  • Settlement statement

When you have a home loan on a fixed interest rate and you decide to do one of the following:

  • move onto the variable interest rate or another fixed interest rate
  • pay back your home loan in full
  • make a lump sum payment (we currently allow a minimum of $1,000 and this may be subject to an ERA)

This amount varies. Please visit your nearest ASB branch or call 0800 100 600 for more details.

When you decide to break your fixed interest rate for any of the above reasons.

When we have to write to you due to a failure to make payment of your local body rates.

Plus an additional charge will be incurred if we have to make a rates payment on your behalf.

When we have to write to you due to the preparation of a formal demand for the repayment of your outstanding debt.

When you default on your home loan and the deduction account is overdrawn (exceeding $20.00) in excess of an agreed overdraft limit or there is no arranged overdraft in place.

0.12% of the highest daily overdrawn balance (minimum $10).

When you default on your home loan and the deduction account is overdrawn or in excess of an agreed overdraft limit. The interest will be calculated daily on the overdrawn amount, or the amount in excess of the arranged limit, at the Unarranged Overdraft interest rate until paid in full. This also applies when the balance owing on your Orbit or Orbit FastTrack loan account exceeds the limit or the reducing limit.


Category: Bank loan

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