Heritage Bank has decreased its three-year fixed home loan interest rate by 10 basis points to 4.89% (comparison rate 5.54%).

The loan type includes owner occupied, investment and vacant land.

Your Mortgage’s home loan calculator shows the reduction will save customers about $17 a month for a loan of $300,000 on a loan term of 20 years, compared to the previous rate.

The new rate is effective from Friday, 20 September.

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now