mortgage rates

PHOTO: House keys (file picture). Source:

As financial pressure mounts amid the Covid-19 pandemic, TSB bank is offering a special one-year home loan rate rate of less than 2.5 per cent.

Today, the bank launched the rate if 2.49 per cent for one year, as well as a two-year special of 2.65 per cent.

The new rates come in today.

General Manager Marketing and Customer Experience Justine St John said in a statement this morning the rates were the lowest ever offered by TSB.

“TSB is focused on supporting New Zealanders with consistent low lending rates at a time when Covid-19 continues to create economic uncertainty,” she said.

“It’s more important than ever that people are provided with a wide variety of competitive lending rates to support their financial needs.