ANZ offers 3.7% loans to Christchurch 'red zoners'
ANZ has come to the party with a special low lending rate for earthquake affected homeowners
Quake-hit Christchurch residents who have lost their homes are to get a helping hand with moving house with a special mortgage from ANZ.
The bank today announced that it had committed $1 billion in new residential mortgage lending, with a low interest rate, to help Christchurch residents relocate from houses that can not be rebuilt.
Prime Minister John Key today welcomed the commitment saying it showed business confidence in Canterbury.
"As the Government and community move ahead into the rebuilding phase, it is important that the business community continues to get in behind Canterbury and its residents," he said.
"I note that this is another example of a major bank that has made a strong commitment to the region since the devastating earthquakes struck."
ASB announced a $250 million support package after the February quake.
"We are pleased to confirm today that ASB customers living in the red zones announced by Government who choose to settle up their mortgages and look to relocate will be supported by ASB," ASB chief executive Barbara Chapman said.
ASB customers in the zone would face no early repayment adjustments for fixed mortgages, and fee breaks, she said.
Chris Hutching
Thu, 23 Jun 2011
Thu, 23 Jun 2011
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ANZ offers 3.7% loans to Christchurch 'red zoners'
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