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Residential Mortgage Interest Rates (20220401)

2022-04-01

The following information is current from Friday, 1st April 2022 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.) 5.85 5.35 5.45 5.55 5.55 5.70 6.00 6.29
Special Interest Rate (% p.a.) * 3.95* 4.15* 4.05* 4.35* 4.55* 4.75* 5.15* 5.35*

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 Interest Rate may be applied to lending for business or investment purposes.
  • BOCNZ's lending criteria, terms, conditions, and fees apply. 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.
  • You may be charged the default interest rate, which is the annual interest rate plus 5.00% p.a, if you do not pay amounts on your loan when they are due.

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