Product
Provider
Rate
Fee
Repayment calculator
NZ$
%
Monthly repayment
NZ$3,098
NZ$595,148total interest
NZ$1,115,148total repaid
| Deposit tier | Rate | Monthly | Total interest | Total repaid |
|---|---|---|---|---|
| Deposit < 5% | 7.44% | NZ$3,615 | NZ$781,247 | NZ$1,301,247 |
| Deposit 5% – 9% | 7.14% | NZ$3,509 | NZ$743,097 | NZ$1,263,097 |
| Deposit 10% – 14% | 6.69% | NZ$3,352 | NZ$686,719 | NZ$1,206,719 |
| Deposit 15% – 19% | 6.29% | NZ$3,215 | NZ$637,497 | NZ$1,157,497 |
| Deposit 20% – 24%your tier | 5.94% | NZ$3,098 | NZ$595,148 | NZ$1,115,148 |
| Deposit ≥ 25% | 5.94% | NZ$3,098 | NZ$595,148 | NZ$1,115,148 |
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 TotalMoney
BNZ TotalMoney is an offset mortgage that lets you reduce the interest you pay by linking savings accounts to your home loan. Every dollar in your offset accounts reduces the loan balance on which interest is calculated, with a 1:1 offset ratio.
This product suits borrowers who maintain significant savings but don't want to lock that money into the mortgage permanently. It's especially useful for self-employed individuals or those with fluctuating income. The rate is higher than standard fixed options, so you need meaningful savings balances to make the offset worthwhile.