Managing your home loan

When your lifestyle changes you can change your home loan to suit.

Life can change and so can your home loan needs. We like to make it easy for your home loan to change with you. If you want to reduce costs, repay a lump sum, borrow more, move house or check your options at the end of a fixed rate period, we’re here to help¹.

What would you like to do?

Reduce costs

• You can reduce interest costs by gradually increasing your repayments with our tailored repayments option
• With TotalMoney² offsetting you can put savings to work on reducing your interest costs

Make a lump-sum repayment

• Making lump-sum repayments means you pay off your loan faster and pay less interest overall
• If your loan is on a fixed interest rate, early repayment charges may apply
• Most of our fixed rate home loans let you repay up to 5% of the original loan amount each year without early repayment charges

Borrow more

• You can apply to top-up your home loan by any amount over $5,000³
• If you’re on a variable interest rate and you’ve repaid more than you had to, you can redraw up to the limit of your repayment schedule⁴

Move to a new home

• With BNZ, when you move to a new home your loan can move with you
• We simply transfer the security for the loan to your new home
• This can save you time and money by avoiding the new loan documentation process and the possibility of having to pay early repayment charges for a fixed interest loan

Find out what happens when you move off a fixed interest rate

• When your home loan comes to the end of a fixed interest rate period you have several options, such as re-fixing⁵ or changing to a variable loan
• We’ll be in touch nearer the time and we’ll explain the options carefully then help you choose what’s best for you

Need some help?

Mortgage rates^