ASB's New Better Homes Loan Top-Up
- Product description
- Product details
If you’re already an ASB home loan customer, you can now get a drier, warmer, more energy efficient home with the new ‘ASB Better Homes Top Up’ loan offering a low 1% p.a. fixed interest rate for three years.
The Better Homes Top Up loan helps existing home loan customers borrow up to $80,000 to fund eligible home improvements such as:
- Underfloor, ceiling or wall insulation and window-glazing.
- Heat pump system and wood burner (which meets any specific local council regulations.
- Extractor fans, ground moisture barriers and ventilation systems
- Heat pump water heaters, solar hot water systems and wetbacks
- Solar panels, batteries and inverters installed by a member of Sustainable Electricity Association of New Zealand (SEANZ) and solar hot water systems
If you still aren’t sure where to start. No worries! Give us a quick call on 0800 888 766 or drop us a message anytime.
We can help you figure out which investment will have the best impact on your home.
*ASB Bank Limited’s lending criteria, terms and exclusions apply. Top up fee of $99 may apply. Rate, offer and fees may change. Refer to asb.co.nz for eligibility criteria and other fees and charges. At the end of the fixed rate period our Housing Variable Rate will apply. An early repayment adjustment may apply if you break a fixed rate term.
Important information.
- Up to $80,000 home loan top ups available for Energy efficient home improvements such as heating and insulation, solar panels or double-glazing installation.
- Loans available at 1% p.a. fixed interest rate for three years.
- You must be an existing ASB home loan customer.
- You require a minimum equity of 20% for owner-occupied properties and 40% for investment properties.
- Home Loan Top-Ups based on eligible improvements and purchases.
- Customers can visit the ASB Better Homes Top-Up page for more information on this offer.
*Lending criteria and terms apply.
4 questions & answers about this product
What products can I get on an ASB Better Homes Top-up loan?
If you are an existing ASB home loan customer, you may be eligible for a better homes top-up that covers the below products,
- Underfloor, ceiling or wall insulation and window-glazing
- Heat pump system and wood burner (which meets any specific local council regulations)
- Extractor fans, ground moisture barriers and ventilation systems
- Heat pump water heaters, solar hot water systems and wetbacks
- Solar panels, batteries and inverters installed by a member of Sustainable Electricity Association of New Zealand (SEANZ) and solar hot water systems.
Can I get the ASB Better Homes Top-Up, if I’m planning to build a new building or property?
The Better Homes Top Up is not available for construction loans. It is only once the construction of your property is completed as well as your construction related home loan has been fully advanced, you may be eligible to apply for an ASB Better Homes Top Up.
Applying for more than one ASB Better Homes Top-Up - is it possible?
As long as the total balance of your existing plus new Better Homes Top Up loans - does not exceed $80,000, you may apply for another ASB Better Homes Top-Up.
When the 3 year fixed rate term has been completed, what happens next?
Once you reach the end of the 3 year fixed rate period, ASB’s Housing Variable (floating) Rate will apply. Alternatively, the bank has mentioned that you can re-fix your ASB home loan rate online via ASB Home Central or through the ASB Mobile App. Read the ASB Better Homes Top-Up section on the bank’s website for more information.
Get a Free, No-obligation Quote
Brightr gives free quotes on all products and there is zero obligation until you sign acceptance - so there's nothing to lose. Remember to include in the message any promotion code that applies.
Hate filling in forms? Call us direct 0800 888 766
We answer 24 hours, 7 days a week so call us anytime.