Kiwibank says a 5.4 percent six-month fixed rate mortgage special launched today is the lowest home loan rate it has offered since opening more than nine years ago.
The rate is down from 5.75 percent.
Kiwibank Chief Executive Paul Brock said the special rate was expected to be available until the end of this month.
"We have launched a couple of short-term specials this year and they have proved very popular attracting new business and also giving customers the chance to lock in a great rate and have some certainty in uncertain times," he said.
Kiwibank has a floating rate of 5.65 per cent.
