Product
Provider
Rate
Fee
Repayment calculator
NZ$
%
Monthly repayment
NZ$2,870
NZ$532,740total interest
NZ$1,033,240total repaid
| Deposit tier | Rate | Monthly | Total interest | Total repaid |
|---|---|---|---|---|
| Deposit < 5% | 7.09% | NZ$3,360 | NZ$709,152 | NZ$1,209,652 |
| Deposit 5% – 9% | 6.79% | NZ$3,260 | NZ$672,939 | NZ$1,173,439 |
| Deposit 10% – 14% | 6.34% | NZ$3,111 | NZ$619,467 | NZ$1,119,967 |
| Deposit 15% – 19% | 5.94% | NZ$2,981 | NZ$572,829 | NZ$1,073,329 |
| Deposit 20% – 24%your tier | 5.59% | NZ$2,870 | NZ$532,740 | NZ$1,033,240 |
| Deposit ≥ 25% | 5.59% | NZ$2,870 | NZ$532,740 | NZ$1,033,240 |
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% | 7.09% |
| Deposit 5% – 9% | 6.79% |
| Deposit 10% – 14% | 6.34% |
| Deposit 15% – 19% | 5.94% |
| Deposit 20% – 24% | 5.59% |
| Deposit ≥ 25% | 5.59% |
Higher deposit = lower LVR = better rate
About Fixed 4 Year
The BNZ 4-year fixed rate provides extended certainty for borrowers who are confident in their plans for the medium term. Paired with BNZ's cashback incentive, it offers a meaningful package for those focused on long-term budget stability.
Four-year terms are less common in New Zealand, so this product suits a specific profile: borrowers who strongly value payment predictability and are willing to pay a rate premium for it. Break fees can be significant if you need to exit early.