Product
Provider
Rate
Fee
Repayment calculator
NZ$
%
Monthly repayment
NZ$2,884
NZ$518,368total interest
NZ$1,038,368total repaid
| Deposit tier | Rate | Monthly | Total interest | Total repaid |
|---|---|---|---|---|
| Deposit < 5% | 6.79% | NZ$3,387 | NZ$699,157 | NZ$1,219,157 |
| Deposit 5% – 9% | 6.49% | NZ$3,283 | NZ$662,000 | NZ$1,182,000 |
| Deposit 10% – 14% | 6.04% | NZ$3,131 | NZ$607,177 | NZ$1,127,177 |
| Deposit 15% – 19% | 5.64% | NZ$2,998 | NZ$559,402 | NZ$1,079,402 |
| Deposit 20% – 24%your tier | 5.29% | NZ$2,884 | NZ$518,368 | NZ$1,038,368 |
| Deposit ≥ 25% | 5.29% | NZ$2,884 | NZ$518,368 | NZ$1,038,368 |
Estimate only. Assumes principal & interest, constant rate for full term.
Rates by deposit sizeLVR — Loan-to-Value Ratio
The percentage of the property value you're borrowing. A lower LVR means a bigger deposit and usually a better interest rate.
Example: Property NZ$800k, deposit NZ$160k → LVR = 80% (borrow 80%, own 20%).
| Deposit < 5% | 6.79% |
| Deposit 5% – 9% | 6.49% |
| Deposit 10% – 14% | 6.04% |
| Deposit 15% – 19% | 5.64% |
| Deposit 20% – 24% | 5.29% |
| Deposit ≥ 25% | 5.29% |
Higher deposit = lower LVR = better rate
About Fixed 3 Year
BNZ's 3-year fixed rate is for borrowers who want a longer runway of predictable repayments. Combined with BNZ's cashback, it offers solid value for those planning to stay put for at least three years — particularly homeowners settling into a long-term property.
The rate carries a premium over shorter terms but provides genuine protection in a rising-rate environment. This is a set-and-forget term for those who prefer not to worry about interest rate movements every year.