Kiwibank has cut its two-year fixed rate for better quality loans 20 basis points to 5.55%.
The rate is for loans where the borrower has at least a 20% deposit.
In addition to the rate cut Kiwibank is offering a cash incentive of $2015 for all home lending of more than $100,000, and this incentive applies to all borrowers including those getting loans through the Government's Welcome Home Loan scheme.
The Kiwibank offer is one of the lowest in the market. To see how it compares check out our mortgage rate table where we have sorted it from lowest to highest on the two-year term.
Mid-January is traditionally a time when the home loan market becomes very active and competition increases between banks.
