Residential Mortgage Interest Rates(20210519)
2021-05-19
The following information is current from Thursday, 19th May 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* | 2.15* | 2.15* | 2.55* | 2.75* | 3.05* | 3.35* |
General conditions that apply to all interest rates:
- * Special Interest Rate requires minimum 20% equity in an owner-occupied property or 40% equity in an investment property provided to Bank of China (New Zealand) Limited ("BOCNZ") as security.
- Minimum loan amount of $800,000 (Effective from 22nd January 2021).
- Maximum loan term of 30 years.
- Standard rates may be applied for business or investment purposes.
- An early repayment administration fee and break costs may apply if you terminate an existing fixed interest rate period before the maturity of the fixed rate period.
- Interest rates and fees are subject to change at any time without prior notice.
- BOCNZ's lending criteria, terms, conditions and fees apply.
