ASB Auckland Marathon: The quicker the pace the lower the rate

ASB Auckland Marathon: The quicker the pace the lower the rate

31 August 2016, 1:08PM
The PR Shop


In 2014 it was 2:27:38 and in 2015 it was 2:27:01; what will the winning ASB Auckland Marathon time be in 2016? Whatever the result on October 30, it will make for a particularly low home loan rate for some Kiwi families.
 
ASB is excited to once again roll out the Run Down The Rate competition as part of the 2016 ASB Auckland Marathon. The competition turns the winning marathon time into a fixed two-year home loan rate for 10 Kiwi families. The competition is open to all New Zealanders aged 18 years or older, regardless of whether they are running the ASB Auckland Marathon on Sunday, October 30 2016 or not.
 
Without even needing to put on their running shoes, ASB Auckland Marathon supporters across the country have the chance to be selected as a Run Down The Rate winner. ASB is also gifting the low home loan rate to two Starship families in support of ASB’s 2016 race charity partner - Starship.
 
ASB Executive General Manager Marketing and Communications, Roger Beaumont, says ASB is delighted to introduce this opportunity to fans of this year’s ASB Auckland Marathon.
 
“We love supporting the ASB Auckland Marathon and know other Kiwis do too. You only have to see the turnout of families and fans at the finish line to know it’s an exciting event to get behind. This year, we are pleased to make supporting the runners all the more exciting by offering fans a potential super-low interest rate that beats anything else on the market,” Mr Beaumont says.
 
“The faster the race, the lower the home loan interest rate – it’s that simple. And, it’s a double-win for the actual ASB Auckland Marathon winner:  An outstanding time and being able to gift a low rate to 12 lucky fans.”
 
How does it work?
 
The Run Down The Rate competition is as simple as converting the ASB Auckland Marathon race time to a two-year fixed ASB home loan rate.  The prize interest rate can then be applied to new or existing approved ASB home lending, secured by owner-occupied residential property, up to a loan value of $600,000. When the competition was introduced last year, Wellington-based ASB Auckland Marathon entrant Katie Kemp was one of 10 Run Down Your Rate runners who ran the ASB Auckland Marathon and converted their race time to their home loan rate.

Katie won the women’s full ASB Auckland marathon with an impressive time of 2 hours and 42 minutes. This secured Katie a home loan rate of 2.42%p.a., fixed for two years – almost half the special fixed home loan rate on the market at the time (4.49%). The mum-of-three says: “I signed up because every little bit helps. The opportunity to win a lower interest rate was highly motivating, it gives us the chance to pay off our mortgage quicker, and start saving for things like the girls’ education and family holidays.”
 
This year, ASB Auckland Marathon runners and supporters can simply enter online at asb.co.nz/rundowntherate to be in the draw to become one of the 10 lucky Run Down The Rate winners.
 
If Run Down The Rate winners are already locked into a fixed home loan rate, or do not require a home loan, they will have the option to instead gift their two-year fixed home loan rate to a friend, family member or individual of their choice* and give them a helping hand towards an interest rate most can only dream about.
 
How to enter
Register online at asb.co.nz/rundowntherate between Monday August 29 – Sunday October 9 to have the chance to Run Down The Rate, either for yourself or a friend. 
 
The 10 lucky recipients will be announced on Monday October 17 2016. (Starship family winners will be announced separately).
 
Runners entered in any ASB Auckland Marathon event, including the half marathon, and the 12k and 5k events, are eligible to receive an additional entry to the prize draw when they provide their bib number details on the Run Down The Rate entry form.
 
ASB AUCKLAND MARATHON
www.asb.co.nz/rundowntherate 

*The individual must meet ASB lending criteria

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