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Residential Mortgage Interest Rates (20210204)

2021-02-04

The following information is current from Thursday, 4th Feb 2021 and is subject to change.

  Floating Fixed
6 months
Fixed
1 year
Fixed
18 months
Fixed
2 years
Fixed
3 years
Fixed
4 years
Fixed
5 years
Standard Interest Rate (% p.a.) 5.00 5.15 5.25 5.35 5.35 5.50 5.70 5.99
Special Interest Rate (% p.a.) * 4.35* 3.45* 2.35* 2.45* 2.55* 2.75* 2.85* 2.95*

General conditions that apply to all interest rates:

  • * Special Interest Rate requires minimum 20% equity in the property provided to Bank of China (New Zealand) Limited ("BOCNZ") as security.
  • Minimum lending of $800,000 (Effective from 22nd January 2021).
  • Maximum lending term of 30 years.
  • Standard rates may be applied for business or investment purposes.
  • An early repayment adjustment may apply if you terminate an existing fixed interest rate period.
  • Interest rates are subject to change or withdrawal at any time without prior notice. You should seek confirmation from us before you take out any home loan.
  • BOCNZ's lending criteria, terms, conditions and fees apply.

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