Product
Provider
Rate
Fee
Repayment calculator
NZ$
%
Monthly repayment
NZ$3,048
NZ$577,210total interest
NZ$1,097,210total repaid
| Deposit tier | Rate | Monthly | Total interest | Total repaid |
|---|---|---|---|---|
| Deposit < 5% | 7.29% | NZ$3,561 | NZ$762,117 | NZ$1,282,117 |
| Deposit 5% – 9% | 6.99% | NZ$3,456 | NZ$724,189 | NZ$1,244,189 |
| Deposit 10% – 14% | 6.54% | NZ$3,300 | NZ$668,160 | NZ$1,188,160 |
| Deposit 15% – 19% | 6.14% | NZ$3,165 | NZ$619,263 | NZ$1,139,263 |
| Deposit 20% – 24%your tier | 5.79% | NZ$3,048 | NZ$577,210 | NZ$1,097,210 |
| Deposit ≥ 25% | 5.79% | NZ$3,048 | NZ$577,210 | NZ$1,097,210 |
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% | 7.29% |
| Deposit 5% – 9% | 6.99% |
| Deposit 10% – 14% | 6.54% |
| Deposit 15% – 19% | 6.14% |
| Deposit 20% – 24% | 5.79% |
| Deposit ≥ 25% | 5.79% |
Higher deposit = lower LVR = better rate
About Fixed 5 Year
BNZ's 5-year fixed rate offers maximum certainty — five years of unchanging repayments regardless of where the OCR goes. With BNZ's cashback included, it's an option worth considering during periods when longer-term rates are priced attractively.
Historically, 5-year fixes tend to cost more than rolling shorter terms over the same period. But for borrowers who simply cannot tolerate payment variability — or who expect a sustained rate increase cycle — this term removes all guesswork.