Further Enhancements to KBC Bank Irelands Overall Mortgage Proposition


New rates further enhance its competitive proposition for KBC customers

KBC Bank Ireland is implementing a number of enhancements to its overall mortgage offering, including the introduction of a new set of reduced fixed rate options available for existing KBC residential PDH mortgage customers (as outlined in the table below).

Customers who already have a Current Account with KBC, or customers who open a new KBC Current Account can also avail of a further 0.2% discount on both a new and existing fixed and variable residential PDH mortgage if they mandate their salary to their account and pay their KBC Mortgage by Direct Debit from their KBC Current Account. Customers will then receive a flat discount of 0.2% for the life of their mortgage.

The availability  of the 0.2% discount further positions KBC’s mortgage rates for both new and existing customers as extremely competitive and could be worth €322* on average each year on a typical mortgage for homeowners.

Announcing the new changes to KBC’s mortgage offering for existing KBC customers, Dara Deering, Executive Director and Head of Retail Banking, KBC Bank Ireland, said: ''KBC is introducing further enhancements to our overall mortgage proposition to ensure that we continue to offer a full range of competitive product options for our existing customers. We are committed to rewarding customers who do more of their banking through KBC and we are seeing a positive response from consumers to our mortgage offering and full range of retail banking products”.

We have had a strong customer reaction to our 0.2% Current Account Mortgage Discount offer so far with over 90% of those switching their mortgage to KBC also opening a KBC Current Account. Customers are seeing the value in having their full banking relationship with KBC,” continued Ms. Deering. 

Due to the popularity of our 50% off KBC Home Insurance Offer in year one, KBC has also extended this offer up until the 31st December 2015. This introductory offer is available to new residential PDH First Time BuyerMover & Switcher Mortgages.

Existing KBC Mortgage Customers

New Fixed Rate Suite for Existing KBC Residential PDH Mortgage Customers

Note: Existing Mortgage Customers could opt for a further .20% discount on the above fixed rates (and applicable roll off variable rates) for the life of their mortgage if they hold or open a KBC Current Account and meet the conditions of the Offer.

* Mortgage interest savings of €503 in year one or €322 on average each year are based on a €250,000 mortgage over a 20 year period based on a rate of 4.3% (reduced from the current variable rate of 4.5%).