BNZ mortgage rates: fixed and floating home loan rates
BNZ's home loan rates for all fixed terms and floating, checked on its website on 11 November 2026. The 1-year rate is 4.99%. Compare them with the other main banks.
By Jason Dark, updated 11 November 2026
The short version
- BNZ offers a 1-year fixed rate of 4.99% and a floating rate of 6.34%.
- BNZ has one set of rates for everyone. If you have less than 20% equity, it adds a low equity premium.
- BNZ has the lowest rate among the main banks for the 6-month, 1-year, 3-year, 4-year and 5-year terms.
These home loan rates are from BNZ's website, checked on 11 November 2026. BNZ says they were last updated on 4 November 2026.
BNZ fixed rates
- 6 months: 4.79%
- 1 year: 4.99%
- 18 months: 5.29%
- 2 years: 5.35%
- 3 years: 5.59%
- 4 years: 5.65%
- 5 years: 5.75%
BNZ has one set of rates for everyone. If you have less than 20% equity, it adds a low equity premium.
BNZ floating rate
BNZ's floating rate is 6.34%. With a floating rate, you can pay extra or pay off the loan at any time, but it usually costs more than a fixed rate.
Less than 20% equity
If you have less than 20% equity, BNZ adds a low equity premium to your rate: 0.35% for LVRs of 80% to 85%, 0.75% for 85% to 90%, 1.20% for 90% to 95% and 1.50% above that. The First Home Loan guide explains how to buy with a smaller deposit.
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Ask an adviserHow BNZ compares
- 6 months: 4.79%, the lowest, tied with ANZ and ASB
- 1 year: 4.99%, the lowest, tied with ANZ and ASB
- 18 months: 5.29%, 0.10 points above 5.19% at Westpac
- 2 years: 5.35%, 0.06 points above 5.29% at Westpac
- 3 years: 5.59%, the lowest, tied with ANZ, ASB, Westpac and Kiwibank
- 4 years: 5.65%, the lowest, tied with ASB and Westpac
- 5 years: 5.75%, the lowest, tied with ASB and Westpac
The mortgage rates comparison shows each bank's rate for every term.
Repayments at BNZ's 1-year rate
On a $630,000 loan over 30 years at 4.99%, the fortnightly repayment is $1,558.38. $630,000 is about the national median house price less a 20% deposit. Use the mortgage calculator to see your own repayments at this rate.
Common questions
What are BNZ's mortgage rates?
BNZ offers a 1-year fixed rate of 4.99% and a floating rate of 6.34%. Its fixed rates range from 4.79% to 5.75%, depending on the term. These rates were checked on 11 November 2026.
What does BNZ charge if I have less than a 20% deposit?
If you have less than 20% equity, BNZ adds a low equity premium to your rate: 0.35% for LVRs of 80% to 85%, 0.75% for 85% to 90%, 1.20% for 90% to 95% and 1.50% above that.
Want to talk to a mortgage adviser?
A licensed mortgage adviser will look at your situation and tell you which rates and loan options you might qualify for. This advice is free.
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Want to talk to a mortgage adviser?
Ask an adviserKeep reading
All guides in Mortgage rates- First home buyer grants and low deposit home loansMany first home buyers think they need a 20% deposit. You can often buy with 10%, or 5% through the First Home Loan, but a smaller deposit costs more.
- Mortgage rates NZ: compare home loan rates from the main banksCompare fixed and floating home loan rates from ANZ, ASB, BNZ, Westpac and Kiwibank, checked on each bank's own website on 11 November 2026. The lowest 1-year rate is 4.99%.
- ANZ mortgage rates: fixed and floating home loan ratesANZ's home loan rates for all fixed terms and floating, checked on its website on 11 November 2026. The 1-year rate is 4.99%. Compare them with the other main banks.