TSB cuts home loan rates with three terms below 3%

TSB is launching five new home loan rates, three of which are below 3% and the lowest ever offered by the Bank.

The new rates effective from Friday 22 May 2020 are:

  • One-year 2.79%
  • 18 months 2.99%
  • Two-years 2.99%
  • Three-years 3.39%
  • Six months 3.39%

General Manager Marketing and Customer Experience Justine St John says the new rates make TSB the only major bank offering “three below three”.

“We’re committed to supporting New Zealanders with a variety of low home lending rates at a time when people need financial flexibility more than ever.

“We’re pleased these low rates will give Kiwis more options and make it even easier to support a New Zealand owned bank.”

New Zealanders can start the application process at tsb.co.nz or talk to TSB’s lending team on 0800 872 226, through a TSB branch or via one of our mobile mortgage managers. Lending terms and conditions apply.


For more information contact:

Philippa Walker
TSB Media & Communications Manager


027 378 3759 / philippa.walker@tsb.co.nz