ASB Home Loan – Loan Review
Amount, $1 000 - $10 000 000 ;Term, 6 months - 30 years
Applying does not commit you to any agreement.
ASB Home Loan
ASB is one of New Zealand's major trading banks, offering home loans for first home buyers, existing homeowners and investors. Fixed rates start from 5.89% p.a. (1-year fixed as of 2025), with floating rates also available. ASB offers FastTrack mortgage approval for eligible customers, sometimes providing conditional approval in minutes.
Applications can be made online or through a mobile mortgage manager who can visit you at home or work. The process typically takes 5-10 working days for unconditional approval.
ASB's home loan allows you to split between fixed and floating, giving certainty on most of your repayments while keeping flexibility for extra payments.
ASB Home Loan repayment example
Indicative repayment scenarios. Always confirm the exact cost of credit on the lender's website before you apply.
| Amount | Fee | Total payment | Term |
|---|---|---|---|
| $100 000 | $2 427 | $102 427 | 1 year |
| $200 000 | $9 403 | $209 403 | 2 years |
| $500 000 | $58 609 | $558 609 | 5 years |
How to apply for ASB Home Loan
- Calculate
- Choose
- Apply
ASB Home Loan eligibility requirements
- Be over 18 years of age
- Be a citizen or permanent resident of New Zealand
About ASB Home Loan
ASB Home Loan is operated by ASB Bank Limited. Registered location: ASB North Wharf 12 Jellicoe Street, Auckland CBD, Auckland 1010. New Zealand lenders are expected to operate under the Credit Contracts and Consumer Finance Act (CCCFA) responsible-lending rules — always read the full loan terms before signing.
✓ Pros
- Mobile mortgage managers available
- FastTrack online approval for eligible buyers
- Split fixed/floating loan available
- Good online tools and calculators
✗ Cons
- Full approval still takes 5-10 working days
- Break fees on fixed rate loans
- Stricter criteria for high LVR loans
Loan Example
Example: $400,000 over 25 years at 5.89% p.a. (1-year fixed) = approx. $2,543/month.
Loan Requirements
- ✓ NZ citizen or permanent resident
- ✓ 18 years or older
- ✓ Minimum 5% deposit
- ✓ Verified income and employment
- ✓ Property must be in New Zealand
Loan Features
- Online loans up to $10 000 000
- Term 6 months - 30 years
Frequently Asked Questions
6 months - 30 years after submitting your application.
The minimum amount at ASB Home Loan is $1,000.
Yes, ASB Home Loan offers an online application process. Visit their website to apply.