Craig Sims: ASB launches free bereavement home loan benefit
Jun 2, 2020 ·
3m 9s
ASB bank has launched a new scheme to help households through bereavement. The benefit will cover a customer’s home loan interest costs for around 12 months if one of the...
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ASB bank has launched a new scheme to help households through bereavement.
The benefit will cover a customer’s home loan interest costs for around 12 months if one of the borrowers dies.
It is a free policy, that will be extended to around 160,000 eligible customers.
ASB's general manager of retail banking Craig Sims told Heather du Plessis-Allan a large cluster of society is eligible.
"Everybody who has a home, who's aged 18 to 64 with ASB and it's in your own name as oppose to a company name, you're automatically eligible."
Mr Sims added if the house is in a trust the occupant(s) does not qualify.
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The benefit will cover a customer’s home loan interest costs for around 12 months if one of the borrowers dies.
It is a free policy, that will be extended to around 160,000 eligible customers.
ASB's general manager of retail banking Craig Sims told Heather du Plessis-Allan a large cluster of society is eligible.
"Everybody who has a home, who's aged 18 to 64 with ASB and it's in your own name as oppose to a company name, you're automatically eligible."
Mr Sims added if the house is in a trust the occupant(s) does not qualify.
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