Fly Buys home loan

Collect Fly Buys Bonus Points on all outstanding balances.

  • Tailored repayment option
  • Choose a fixed, variable or combination of interest rates

More detail

Collect Fly Buys Points

This is the only New Zealand home loan that lets you collect Fly Buys1. The number of Fly Buys Points you collect is based on the size of your loan each month2. The table below shows how points are handed out.

Loan size Fly Buys Points 
collected per month2		 Fly Buys Points 
collected per year2
Less than $50,000 9 points 108 points
$50,000 to $149,999 34 points 408 points
$150,000 or more 84 points 1,008 points


Ongoing flexibility

Our Fly Buys home loan gives you more choices so you can organise your home loan to suit your lifestyle. At any time you can choose fixed or floating interest rates, or a combination of the two. You can also choose to make lump-sum repayments as a fixed Fly Buys home loan lets you repay up to 5% of your original loan amount each year without early repayment charges.  Another benefit is the option to split your borrowing between a Fly Buys home loan and another type, say 80% Fly Buys and 20% TotalMoney floating home loan.

Tailored repayment option

Want to pay off your home loan faster? If you choose our tailored repayment option, you could cut years off the term of your loan potentially saving thousands of dollars in interest. Talk to us if you want to find out more about this feature, which is unique to BNZ.

Other things that are good to know

The total term of a Fly Buys home loan can be any length up to 30 years. The minimum starting loan size is $10,000.

 Floating Home Loan Interest Rate
This rate may differ for existing home loan customers. For more information please call us free on 0800 ASK BNZ (0800 275 269)
Current Interest Rate % p.a. View rates here

 Fixed Home Loan Interest Rates3
Term Current Interest Rate % p.a.
6 months
1 year
2 years
3 years
4 years
5 years
7 years

 Service Fees4
Fee Name What is the fee?
Establishment Fee
Personal Lending to individuals5		 Up to $400
Establishment Fee
All other lending including but not limited to cases where investment properties, family trusts or companies are involved		 Up to 1% of loan amount.
Rollover/Re-fix Fee
(Re-fix the interest rate on your home loan)		 $1506
Top Up Fee
(Apply to increase your overall home loan borrowing)		 $2506
Re-documentation Fee
(New loan agreements or amendments are required for services such as product changes, borrower changes, some types of repayment changes etc)		 $2506
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)		 No fee applies


Next steps

Apply online nowFind a store 0800 275 269

Small print

  1. BNZ (and its related companies) do not guarantee the redemption of Fly Buys or that Fly Buys will continue to be offered for products or services provided by them. The BNZ Fly Buys home loan is also known as the BNZ Standard Home Loan.
  2. Fly Buys collection rates can change without notice.
  3. For interest rates applicable to packaged offers, please call us free on 0800 ASK BNZ (0800 275 269).
  4. Account Fees may be charged in addition to Service Fees and that all fees are subject to change without notice.
  5. 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.
  6. 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.

Fly Buys terms and conditions apply.

Our lending criteria and establishment or re-documentation fees apply. 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.