Product
Provider
Rate
Fee
Repayment calculator
NZ$
%
Monthly repayment
NZ$3,574
NZ$686,709total interest
NZ$1,286,709total repaid
| Deposit tier | Rate | Monthly | Total interest | Total repaid |
|---|---|---|---|---|
| Deposit < 5% | 7.44% | NZ$4,171 | NZ$901,439 | NZ$1,501,439 |
| Deposit 5% – 9% | 7.14% | NZ$4,048 | NZ$857,420 | NZ$1,457,420 |
| Deposit 10% – 14% | 6.69% | NZ$3,868 | NZ$792,368 | NZ$1,392,368 |
| Deposit 15% – 19% | 6.29% | NZ$3,710 | NZ$735,574 | NZ$1,335,574 |
| Deposit 20% – 24%your tier | 5.94% | NZ$3,574 | NZ$686,709 | NZ$1,286,709 |
| Deposit ≥ 25% | 5.94% | NZ$3,574 | NZ$686,709 | NZ$1,286,709 |
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% | 7.44% |
| Deposit 5% – 9% | 7.14% |
| Deposit 10% – 14% | 6.69% |
| Deposit 15% – 19% | 6.29% |
| Deposit 20% – 24% | 5.94% |
| Deposit ≥ 25% | 5.94% |
Higher deposit = lower LVR = better rate
About Rapid Repay
BNZ Rapid Repay is a flexible floating mortgage that lets you make unlimited extra repayments and redraw funds if needed. It's designed for borrowers who want to accelerate their mortgage payoff while retaining access to surplus funds in an emergency.
The redraw feature distinguishes Rapid Repay from a standard floating loan — you can claw back extra payments you've made without applying for a new facility. The floating rate is higher than fixed alternatives, so this product rewards those who actively manage their loan balance.