Residential Mortgage Interest Rates(20250213)
2025-02-13
The following information is current from Thursday, 13th February 2025 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.) | 8.89 | 6.85 | 6.49 | 6.35 | 6.25 | 6.49 | 6.49 | 6.49 |
| Special Interest Rate (% p.a.)* | 6.99* | 5.85* | 5.49* | 5.35* | 5.25* | 5.49* | 5.49* | 5.49* |
| Plus Home Loan Interest Rate (%p.a.) | 6.99 | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
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 $750,000 (Effective from 13th September 2023).
- 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.
- Plus Home Loan
- For lending over $1,200,000 can apply for Plus Home Loan.
- Maximum term is 25 years.
- Minimum amount is $50,000, maximum amount is 20% of the customer group total lending with Bank of China (New Zealand) Limited.
- Interest charges accrue daily on the outstanding balance.
- No set monthly repayments. A default interest rate is applied if you do not repay the amount when it is due. The default rate is your current Plus Home Loan rate plus 12.50% p.a.
