Residential Mortgage Interest Rates(20210916)
2021-09-16
The following information is current from Thursday, 16th September 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.) * | 3.69* | 3.45* | 2.45* | 2.65* | 2.85* | 2.99* | 3.65* | 3.95* |
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 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.
