SBS offers a home loan rate under 4%

Monday, November 23rd 2015, 6:06AM

SBS Bank is offering a special one-year fixed home loan rate of 3.99%. This offer, which is available for a limited time, coincides with SBS Bank’s brand refresh which positions the bank for the future while building on its 146-year history.

“As a mutual, our members are our owners. As a result, we are focused on giving back to them every day through a range of member benefits, such as market-leading lending interest rates. The brand refresh has also been undertaken with members in mind, particularly in terms of simplifying their interactions with the bank,” SBS chief executive Wayne Evans says.

Evans said the offer demonstrates another tangible benefit for SBS Bank members and notes that anyone, anywhere in New Zealand automatically becomes a member when they take out a mortgage with SBS Bank.

Key terms of the offer, available for a limited time and subject to standard terms and conditions, are:
·         3.99% fixed one-year home loan interest rate for new lending over $100,000.
·         For residential, owner-occupied properties only.
·         Minimum equity of 20%.

“The new special rate offered today is for a limited time and demonstrates SBS Bank’s commitment to continued lending growth in the residential sector, underpinned by our expanding reach across New Zealand. Through our branch network, our team of dedicated mobile mortgage managers, our customer contact centre and our digital presence, we are well placed to meet members’ needs nationally.

“The brand refresh is a key part of realising SBS Bank’s growth strategy, which is focused on playing to our strengths in residential lending and deposits and meeting customers’ day-to-day transactional banking needs,” Evans said.

As well as a new visual identity to provide better integration and brand consistency across SBS Bank, the brand refresh has included streamlining the product suite and enhanced systems and member services. All branches have undergone some redesign and other new features will be rolled out across SBS Bank’s network over time to continue to build the brand and meet customers’ needs.

Established in 1869, SBS Bank is believed to be the first building society in the world to have achieved bank registration while retaining its mutual structure. Mutual ownership means SBS Bank is uniquely positioned to provide benefits to its members. SBS Bank has 16 branches across the North and South Islands, together with mobile mortgage managers in Auckland and Christchurch and a full online banking service.

Tags: Mortgage Rates SBS