Residential Mortgage Interest Rates (20260622)
2026-06-22
The following information is current from Monday, 22nd June 2026 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.) | 7.00 | 5.38 | 5.58 | 5.68 | 5.88 | 6.18 | 6.48 | 6.68 |
| Special Interest Rate (% p.a.) * | 5.10* | 4.38* | 4.58* | 4.68* | 4.88* | 5.18* | 5.48* | 5.68* |
| Plus Home Loan Interest Rate (%p.a.) | 5.10 | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Plus Offset Home Loan Interest Rate (%p.a.) | 5.10 | 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. Special Interest Rates are subject to the BOCNZ's approval and lending criteria. Your final special interest rate may differ from the advertised rate above based on BOCNZ's assessment of your financial circumstances and credit profile.
- Minimum lending of $500,000 (Effective from 9th October 2025).
- Maximum lending term of up to 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 home 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 and are charged to the Plus home loan account monthly
- No set monthly repayments.
- Plus Offset home loan
- For lending over $500,000 can apply for Plus Offset Home Loan.
- Minimum amount is $300,000.
- Loan term is up to 30 years.
- Choice of Principal and Interest or Interest-only repayment structure.
- Interest charges accrue daily on the net balance (being the Plus Offset home loan balance minus the offset savings account balance) and are charged to the nominated payment account monthly.
