ASB Home Loans
Competitive rates & innovation
Compare ASB mortgage rates, products, and features. Known for competitive pricing and digital innovation.
Current ASB Mortgage Rates
Updated May 2026
| Term | Rate | vs Market |
|---|---|---|
| Floating | 5.79% | Carded |
| 6 months | 4.49% | Carded |
| 1 year | 4.65% | Carded |
| 18 months | 4.95% | Carded |
| 2 years | 5.25% | Carded |
| 3 years | 5.49% | Carded |
| 4 years | 5.69% | Carded |
| 5 years | 5.89% | Carded |
ASB Home Loan Features
ASB Orbit
Offset your savings against your mortgage to reduce interest charges. Works with floating rate.
Back My Build
Lock in your fixed rate before construction starts. Unique protection from rate rises.
FastTrack Pre-approval
Quick online pre-approval process for existing ASB customers.
Digital Tools
Industry-leading mobile app with mortgage management features.
ASB Pros & Cons
Pros
- +Often the lowest rates in market
- +Excellent mobile banking app
- +Back My Build construction loan
- +Good offset account (Orbit)
Cons
- -Smaller branch network than ANZ
- -Some fees can apply
- -Stricter lending criteria at times
ASB FAQs
What are ASB's current mortgage rates?
ASB's carded rates change frequently. See our snapshot at /api/lender/asb/summary.md for current numbers across all terms, and confirm directly with ASB before applying.
What is ASB Back My Build?
Back My Build is ASB's construction loan product that lets you lock in your fixed rate before construction starts, protecting you from rate rises during the build.
Does ASB have an offset account?
Yes, ASB Orbit is their offset account product. Your savings balance reduces the mortgage principal you pay interest on, potentially saving thousands.
Can first home buyers get special rates at ASB?
Yes, ASB offers first home buyer packages including 10% deposit loans, First Home Grant support, and sometimes special rate discounts.
Next step
Compare ASB against other big-5 lenders, or visit ASB directly to apply.
Important: how to read this information
This website is operated by Evolve Group Limited (FSP711891), a Licensed Financial Advice Provider regulated by the Financial Markets Authority (NZ). The information published here is general in nature and is not personalised financial advice. For personalised advice that takes your circumstances into account, request to be matched with one of our licensed mortgage advisers via the enquiry form.
Rate accuracy. The ASB rates shown here were observed at 21 May 2026, 12:27 pm from ASB's published carded-rate page. If ASB has updated their rates since that timestamp, the authoritative source is the lender's page (linked), not our derived figure. Carded rates are advertised rates — the rate you ultimately receive depends on your application, including your LVR, income, credit profile, and any negotiation conducted by a licensed mortgage adviser.
CCCFA + Responsible Lending Code. Final lending decisions are made by the lender under the Credit Contracts and Consumer Finance Act 2003 and the MBIE Responsible Lending Code. Lenders apply servicing-test rates (typically around 8% post-2023), debt-to-income caps (RBNZ DTI 6× owner-occupier / 7× investor from 2024), and Loan-to-Value Ratio limits. Carded rates are not an offer or a pre-approval.
Disputes. If you have a complaint about advice received through this site, contact Financial Services Complaints Limited (FSCL) on 0800 347 257 or info@fscl.org.nz.
Site operated by Evolve Group Limited, FSP711891.
Rates snapshot generator: scripts/snapshot-lenders.mjs.
Machine-readable snapshot: /api/rates/facts.json.