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Mortgage rates and fees

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.


Home loan special

Choose either $2,000 bonus Airpoints Dollars™ or $2,000 cash with any new lending of $100,000 or more. Available for a limited time. Terms and conditions apply.

Find out more

Terms and conditions for home loan special

Not for business purposes or packaged offers. Fees, terms and conditions apply. Bonus Airpoints Dollars will be allocated to the nominated Airpoints account or cash deposited to the customer’s BNZ account, after the loan is drawn down, which must be completed by 2 May 2014. Air New Zealand Airpoints Programme terms and conditions apply, visit airnewzealand.co.nz for more details. BNZ (and its related companies) do not guarantee the redemption of Airpoints Dollars or that Airpoints Dollars will continue to be offered for products or services provided by them. Airpoints Dollars earning rates can change without notice.

Floating home loan interest rates

Fixed home loan interest rates

Service fees

Account fees for Rapid Repay home loan


Mortgage calculators Compare mortgages

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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* Loading
Standard/Fly Buys+ Loading
GlobalPlus# Loading
Rapid Repay** Loading
Mortgage One Loading

+  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.

See our floating home loans

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Fixed Home Loan Interest Rates
  Classic** Standard/Fly Buys GlobalPlus
Term Current Interest Rate % p.a.
6 months
1 year
18 months
2 years
3 years
4 years
5 years
7 years

A Low Equity Interest Rate Premium will apply to all new or existing lending with over 80% LVR in the property provided as security.

** Classic fixed rates are only available when you have at least 20% equity in the property provided as security. These rates are not available if you are refinancing a home loan from another bank and have less than 20% equity in the property used as security for your lending.

† rate not available for packaged offers

Did you know?

You can secure or 'lock in' a current fixed interest rate before your home loan comes to the end of its fixed-rate term or before you officially take out or draw down your home loan. This is called ‘Ratelocking’ and with Home Loan Ratelock, you can hold a current fixed interest rate for up to 60 days. Rate lock fee may apply.

See our fixed home loans

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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/Re-fix Fee
(Re-fix the interest rate on your home loan)
All Home Loans $02
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)
Rates Arrears Fee
(When BNZ has to pay outstanding Council rates on behalf of a customer)
All Home Loans $35

NB: 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
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:

More on Rapid Repay home loan

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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.)

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