Home Loans
All rates listed below are current as at today with the last update on unable to retrieve date. Interest rates are subject to change without notice.
| 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* | Loading |
| Standard/Fly Buys+ | Loading |
| GlobalPlus# | Loading |
| Rapid Repay** | Loading |
| Mortgage One | Loading |
Small print
+ 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.
NB: Tailored repayment not available on Mortgage One or Rapid Repay.
| Classic | Standard/Fly Buys | GlobalPlus | |
|---|---|---|---|
| Term | Current Interest Rate % p.a. | ||
| 6 months |
n/a
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| 1 year |
n/a
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| 18 months |
n/a
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| 2 years | |||
| 3 years |
n/a
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| 4 years |
n/a
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| 5 years |
n/a
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| 7 years |
n/a
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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.
| 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/Re-fix 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 |
NB: Account Fees may be charged in addition to Service Fees and that all fees are subject to change without notice.
| Account Fee Rebates may apply3 | |
|---|---|
| Transaction/fee type | Account fees (service fees may also apply) |
| Monthly4 Base Fee | $3.50 |
| Manual Transaction Fee: (Cheques8, Store and Staff Assisted transactions). |
75 cents. |
| Electronic Transaction Fee (Internet5, Electronic (including EFTPOS, Direct Debits and Telephone Banking5), Automatic Payments6and ATM5 transactions) | 35 cents. |
Rapid Repay accounts are eligible for monthly Account Fee Rebates on account transaction fees, monthly base fee and Telephone Banking call charges.
The monthly Customer Account Fee Rebate is determined by the average daily Group Balance7 for the month, as follows:
| 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).
Small print
- 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.
- 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.
- Our usual Service Fees apply and are not included in the Account Fee rebate.
- 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.
- Although the Telephone, Internet Banking and ATM services will normally be available 24 hours a day, maintenance of the system is required from time to time. Accordingly certain options may not be available for an average of three hours a week. This maintenance, however will be carried out at times which will cause the least disruption to you.
- Automatic Payments into your account from other parties are classed as Electronic Transactions.
- 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). - Government stamp duty charges for cheques apply.
TotalMoney, GlobalPlus Home Loans, Cash PIE, and Business First Transact and OnCall accounts do not form part of the Bank of New Zealand Group Balance for fee rebate or other purposes.
