ASB Home Loans vs Go Home Loans. What’s in a name?

We’ve noticed some confusion amongst borrowers about the difference between standard home loans from ASB Bank and the loans provided under a separate brand – Go Home Loans.

Here’s a bit of background.

Go Home Loans were originally offered by Sovereign Insurance, which became part of CBA Bank group in the 1990s, alongside ASB. These loans were marketed separately through an online channel, as well as using the services of mortgage brokers like us.

Then CBA sold Sovereign but kept its mortgage business, which is why Go Home Loans are still available under the ASB corporate umbrella. Note that Go Home Loans remains an Internet-only brand, so you can’t walk into your local ASB Branch and ask about a Go Home Loan – you need to talk to us.

This is where it gets a bit confusing.

If you’re an ASB customer you can now view your Go Home Loan via ASB Internet Banking or their mobile app, alongside your other ASB accounts or credit cards.

So it looks like a Go Home Loan is just another ASB home loan. But it’s not.

Go Home Loans come with some bells and whistles you don’t get with ASB loans, such as no monthly fees on certain accounts. We won’t go into all the details here, but if you swap your Go Home Loan for an ASB home loan, you won’t get exactly the same deal.

The good news is that nothing else has changed.

If you are happy with your Go Home Loan, don’t be misled by the connection with ASB. You still enjoy all the advantages you had before, plus visibility through the ASB mobile app and Internet Banking.

The other good news is that Sue Tierney Mortgages still has access to Go Home Loans, as well as the full range of ASB loans. So if you want to know more, we can talk you through the options.