Lock in the latest available rate online for a fixed-rate period, change your repayments, shave years off your home loan, or borrow some extra money to give your home a spruce up.
{"type":"full","heading":"Manage your home loan","bodyText":"<p>Lock in the latest available rate online for a fixed-rate period, change your repayments, shave years off your home loan, or borrow some extra money to give your home a spruce up.<\/p>","actionLinkHref":"\/login","actionLinkLabel":"Log in to Internet Banking","supportingLinkHref":null,"supportingLinkLabel":null,"theme":"boxed","heroImage":{"height":1000,"position":{"x":"80%","y":"75%"},"title":"manage loan header full bleed","url":"\/assets\/bnz\/personal-banking\/home-loans\/images\/manage-loan-header-full-bleed.jpg?a0622a05283c019f8e6ebeb00bc90cd4a9edefb5","width":1840},"heroImage2x":{"height":2000,"position":{"x":"80%","y":"76%"},"title":"manage loan header full bleed 2x","url":"\/assets\/bnz\/personal-banking\/home-loans\/images\/manage-loan-header-full-bleed-2x.jpg?fc1940a331b06316d36b08b2843c662125ac3b7d","width":3680},"smallHeroImage":null,"smallHeroImage2x":null}
If you have an eligible BNZ home loan, you can use our MyProperty tool in Internet Banking to see how different interest rates, changes to your repayments, or lump sum payments, could affect all of your home loans, and when you could be mortgage free.
When you’re nearing the end of your fixed-rate period, it’s a great time to review your options.
You can lock in a new rate up to 60 days before your term is due to end.^ This protects you from interest rates rising before then. If rates fall, you can break your rate lock for a fee.
You can find the latest great rates and may be able to refix your home loan online, ^ in your own time. Select your home loan in Internet Banking or the BNZ app and follow the prompts.
If your situation has changed since you took out your home loan, our other home loan types might be a better fit. Get in touch and we can help you restructure a loan that might suit your current situation better.
If you choose not to refix, your home loan will automatically move to a standard variable rate, plus or minus any additional charges which continue to apply (such as a low equity interest rate premium). A variable rate means your interest rate can change from time to time.
You can fund renovations, like building a deck or upgrading your bathroom, by topping up your home loan. If your top-up is for the purpose of eligible upgrades to your home or for electric transport options, you may be able to get a Better Future home loan top-up at a special 1% p.a. fixed rate for 3 years.^
You can make changes to your home loan payments on most home loan types^ in Internet Banking – or find out how a small increase to your payments could make a big saving to the length of your loan, and the amount of interest you pay.
This tool is intended as a guide only. We’ve had to make some assumptions to show you the potential savings.
Increasing your regular repayments or making lump-sum repayments are options designed to help you pay off your loan faster and pay less interest.
You can fund renovations, like building a deck or upgrading your bathroom, by topping up your home loan. You can do this by taking out an additional loan, or applying to redraw extra home loan repayments you’ve made.
You can increase your repayments at any time in Internet Banking for most fixed or floating home loans.^
You can make extra payments in Internet Banking or the BNZ app if you’re on a floating rate. If you’re on a fixed rate you may also be able to make some additional repayments per year.^
Early repayment charges may apply to fixed home loan rates if you:
If you’re starting to struggle with payments, we have support available. Get in touch as we may be able to help you get financially back on track.
If you need some help call 0800 275 269.