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Home Loans

Floating Home Loan Interest Rate
Fixed Home Loan Interest Rate
Service Fees
Rebates

All rates listed below are current as at today with the last update on Saturday, 03 July 2010. Interest rates are subject to change without notice.

Floating Home Loan Interest Rates
These rates may differ for existing home loan customers. For more information please call us free on 0800 ASK BNZ (0800 275 269)
Product Current Interest Rate % p.a.
TotalMoney*  5.84%
Standard/Fly Buys+ 6.24%
GlobalPlus# 6.24%
Mortgage One 6.65%
Rapid Repay^ 6.24%

NB. Tailored repayment not available on Mortgage One or Rapid Repay

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Fixed Home Loan Interest Rates
 
Term
Current Interest Rate % P.A.
6 months
n/a
6.05%
6.15%
1 year
n/a
6.49%
6.59%
18 months
6.85%
n/a 
6.95%
2 years
n/a
6.99%
7.09%
3 years
n/a
7.30%
7.40%
4 years
n/a
7.60%
7.70%
5 years
n/a
7.80%
7.90%
7 years
n/a
8.30%
8.40%

For interest rates applicable to packaged offers, please call us free on 0800 ASK BNZ (0800 275 269)
For all products our lending criteria and establishment fee applies. A Low Doc or Low Equity Interest Rate Premium may apply. Loans are not available for business purposes or packaged offers. A higher interest rate may apply to loans if the application is accepted but does not meet our standard lending criteria.

+ Fly Buys terms and conditions apply.
# Air New Zealand Airpoints Programme terms and conditions apply. An Airpoints joining fee may apply. GlobalPlus home loans are not included in group balance calculations for fee rebate or other purposes.
* TotalMoney home loans are not included in group balance calculations for fee rebate or other purposes.
^ Additional Account, Service and Facility Fees may apply.

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Service Fees
Fee Name Loans they apply to What is the fee?
Establishment Fee
Personal Lending to individuals¹		 All Home Loans Up to $400
Establishment Fee
All other lending including but not limited to cases where investment properties, family trusts or companies are involved		 All Home Loans Up to 1% of loan amount.
Rollover Fee
(Re-fix the interest rate on your home loan)		 All Home Loans $1502
Top Up Fee
(Apply to increase your overall home loan borrowing)		 All Home Loans $2502
Re-documentation Fee
(New loan agreements or amendments are required for services such as product changes, borrower changes, some types of repayment changes etc)		 All Home Loans $2502
Re-draw Fee
(Re-draw funds that your original loan approval covered, but that you may have repaid faster than the minimum requirement. Re-draw cannot take place while your loan is on a fixed interest rate, but you can ask us to Re-draw funds when your fixed period is about to expire)		 GlobalPlus home loans
(No fee applies for other term home loans)

$25

Please note that Account Fees may be charged in addition to Service Fees and that all fees are subject to change without notice.

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Account Fees for Rapid Repay Home Loan
Account Fee Rebates may apply3
Transaction/fee type Account fees
(service fees may also apply)
Monthly4 Base Fee $3.50
BNZ Internet Banking5 25 cents. No charge for deposits
Electronic transactions: EFTPOS, Bill Payments, Direct Credits, Direct Debits, Telephone Banking5, self service transactions 35 cents. No charge for deposits
Automatic Payments6 50 cents
ATM5 50 cents. No charge for deposits
Cheques Written 65 cents
Freepost Deposits No charge
Store/Staff Assisted transactions $1.25. No charge for deposits
Express Deposit Tower deposits No charge

Customer Account Fee Rebates
Rapid Repay accounts are eligible for monthly Account Fee Rebates on account transaction fees, monthly base fee, overdraft facility fee and Telephone Banking call charges.

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The monthly Customer Account Fee Rebate is determined by the average daily Group Balance7 for the month, as follows:

Rebates3
Group Balances 100% of Account Fees rebated each month to a maximum of:
Less than $25,000 $0.00
$25,000 - $49,999 $5.00
$50,000 - $74,999 $10.00
$75,000 - $99,999 $15.00
$100,000 - $124,999 $20.00
$125,000 - $149,999 $25.00
$150,000 - $299,999 $30.00
$300,000 or more $40.00

(If you have more than one Rapid Repay transaction account under the same base number then the account with the highest fees accrued will automatically receive the rebate (unless you nominate a specific suffix).


 Find out more about Home Loans.

For further information including terms and conditions please send us an email or call us free on 0800 ASK BNZ (0800 275 269).

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1. For individual customers (where the customer is a natural person and not a company/trust) if the loan is primarily for personal, domestic, or household purposes.
2. For all non-personal lending (including but not limited to cases where investment properties, family trusts or companies are involved) a fee of up to 1% of the loan may be charged for this service.
3. Our usual Service Fees apply and are not included in the Account Fee rebate. 
4. Fees are charged on the last business day of each calendar month and are based on the period between the last business day of the previous calendar month and the second to last business day of the current month, inclusive.
5. Maintenance of the system is required from time to time.
6. Automatic Payments into your account from other parties are classed as Electronic Transactions.
7. Qualifying accounts included in the Group Balance are;
Deposit accounts - Current Account, Ready Money, MyMoney, Call Account, Smart Money, Flexi Money, Achiever Savings, Rapid Save and Term Investments. Bank of New Zealand Tailored Investment Funds and Managed Funds will also contribute to a Group Balance provided they are held in the same name as your Ready Money transaction Account.
Loan accounts - Standard home loans, Standard home loans with Fly Buys (with or without Tailored repayment option), Mortgage One, Term Loans, Tailored Personal Loans, Revolving Credit accounts, Overdrafts, Rapid Repay home loans, Business Advantage Lending products and Farm First lending products (excluding Farm First Transact Overdraft).