BNZ Home Loan Rates

 

BNZ home loan rates are set in a way that it suits the requirements of all the prospective home buyers. Buying a house is an important decision and a lot of planning and thinking goes in to it. BNZ home loan interest rates are as low as 6.09% per annum.

 

It also gives out the option of choosing between a floating interest rate and a fixed rate of interest. As it is the bank

offers five types of home loans and the interest rates applicable on each is varied. The interest rates applied on each housing loan is offered in the customer's interest; as it provides exciting saving opportunities on each of the home finance.

 

BNZ Home Loan Interest Rates

BNZ offers Fixed home loans in form of

1. Classic Home Loan

• It has time period of 1 year to 30years
• Minimum Loan size is $10,000
• Interest Rates is 5.95% p.a for 1 year and 6.20% p.a for 18 months
• Services Fees is mentioned in the table

 

2. GlobalPlus Home Loan

• This loan allows you to earn Air New Zealand Airpoints Dollars every month according to the balance of your loan.
• That is for every $1,000 which is outstanding for each year, one can earn 1 Airpoints Dollar. Similarly if outstanding balance is $100,000 in a year, one can earn 100 Airpoints Dollars.
• The Floating Home Loan interest rate is 5.99% p.a (this may differ for existing customers so call on 0800 275 269to confirm)
• Fixed Home Loan Interest rate is

 

Fixed interest rate

Time Period	Rate (p.a)
6 Months	5.85%
1 Year	6.35%
18 Months	6.45%
2 Years	6.45%
3 Years	6.99%
4 Years	7.45%
5 Years	7.75%
7 Years	8.30%

 

3. FlyBuys Home Loan

• The current Floating interest rate is 5.99%

 

• The Fixed Home Loan interests are

S.No	Term	Interest Rates (% pa)
1	6 months	5.85
2	1 year	6.35
3	2 years	6.45
4	3 years	6.99
5	4 years	7.45
6	5 years	7.75
7	7 years	8.30

  

  This option allows users to collect points according to size of the loan

Loan Size	FlyBuy points collected per month	FlyBuy points collected per year
less than $50,000	9	108
$50,000-$149,999	34	408
$150,000 or more	84	1008

Fixed and Floating interest rates are same as GlobalPlus Home Loans

Service Fees for all the above three loans is mentioned in the table:

 

Service Fees

Fee name	Fee
Establishment Fee (personal lending to individuals)	up to $400
Establishment Fee (all other lending except cases related to investment properties,family trusts,company involved)	up to 1% of loan amount
Rollover/Re-fix fee	$150
Top up fee	$250
Redocumentation Fee	$250

 

BNZ home loan rates are subject to change any time without giving any prior notice. All the rates mentioned here may also change any time whenever the bank wishes so. The bank home loan officials will be able to provide the exact rates applicable today. Therefore, you can call up the bank home loan department and find out about the current rates applicable. Home loan officials can be contacted at 0800 275 269 for all housing loan products. You can apply for BNZ bank home loans after all the rates are cleared by filling a simple application form and submitting the same at the concerned department. The bank officials will get back to you once your application form is duly accepted. BNZ home loan interest rates can also be calculated using the BNZ home loan calculator. It will give you an initial estimated amount or repayments accordingly.

You can also click on the link given below, to find out about the BNZ home loan rates. The link given below will take you directly to their official website.

http://www.bnz.co.nz/personal-banking/home-loans