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Residential Mortgage Interest Rates (20230913)

2023-09-13

The following information is current from Wednesday, 13th September 2023 and is subject to change.

  Floating Fixed
1 year
Fixed
18 months
Fixed
2 years
Fixed
3 years
Fixed
4 years
Fixed
5 years
Standard Interest Rate (% p.a.) 9.39 7.99 7.89 7.79 7.59 7.39 7.29
Special Interest Rate (% p.a.) * 7.49* 6.99* 6.89* 6.79* 6.59* 6.39* 6.29*

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.

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