Registered bank
BNZ home loan rates
BNZ’s carded fixed rates, next to every other New Zealand lender — plus the cashback terms and the bit that usually goes unsaid: what you’d owe back if you left early.
- Lender type
- Registered bank
- Ownership
- National Australia Bank
- Cashback clawback
- Not verified
Today's rates
BNZ against the rest of the market.
A rate only means something next to the alternatives. This is the whole market, updated nightly, with BNZ in it rather than on its own.
PLACEHOLDER — no live rate data. Structure only. The nightly scraper fills this; it must not go in front of traffic until it does.
| Lender | 6 mth | 1 yr | 18 mth | 2 yr | 3 yr |
|---|---|---|---|---|---|
| ANZ | — | — | — | — | — |
| ASB | — | — | — | — | — |
| BNZ | — | — | — | — | — |
| Westpac | — | — | — | — | — |
| Kiwibank | — | — | — | — | — |
| TSB | — | — | — | — | — |
The bit nobody prints
BNZ’s cashback, and the condition on it.
What's advertised
$250,000+
minimum loan
Advertised from $5,000 for first home buyers on a loan of $250,000 or more. BNZ has also publicly run a percentage-based offer of 1% up to $20,000, which is a different product shape.
The condition
Unverified
we will not guess
BNZ states the applicable cash back rate is specified in your loan agreement. We have not verified a single clawback period and will not publish one until we can.
Worth knowing
What's specific to BNZ.
- Runs both a flat first-home offer and, at times, a percentage-of-loan offer — the two are not comparable numbers.
- Parent-assisted lending above 25% of the total loan is excluded from the cash back offer.
Rates and offers are collected from published material and change without notice. Confirm anything here against BNZ directly or with a licensed adviser before you act on it.
Questions
BNZ, specifically.
Does BNZ negotiate on its carded rate?
Carded rates are the published starting point. What a lender will actually do depends on your equity, income and how much of your banking moves with you. The gap between the two is the thing worth knowing before you ring them.
What happens to my BNZ cashback if I leave early?
BNZ states the applicable cash back rate is specified in your loan agreement. We have not verified a single clawback period and will not publish one until we can.
How is a BNZ break fee calculated?
Lenders calculate an early repayment adjustment from wholesale swap rates, not from the advertised rate. It is largest when wholesale rates have fallen since you fixed, and often very small or nil when they have risen. The figure moves day to day, so any quote is only good for a few days.
Can I refix with BNZ without moving banks?
Yes. Refixing stays with your existing lender and is usually a short administrative step. Moving banks is a fresh credit application, which is a different question with different costs — legals, valuation, discharge, and possibly a break fee and cashback clawback.
Is BNZ still the right place for it?
Two numbers and a date is enough to see what your rate is costing. We don't ask who you are until you've seen it.
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