BNZ Home Loans
Bank of New Zealand
Compare BNZ mortgage rates, products, and features. One of NZ's oldest banks with strong digital offerings.
Current BNZ Mortgage Rates
Updated May 2026
| Term | Rate | vs Market |
|---|---|---|
| Floating | 5.84% | Carded |
| 6 months | 4.49% | Carded |
| 1 year | 4.65% | Carded |
| 18 months | 4.95% | Carded |
| 2 years | 5.19% | Carded |
| 3 years | 5.39% | Carded |
| 4 years | 5.59% | Carded |
| 5 years | 5.79% | Carded |
BNZ Home Loan Features
TotalMoney
Revolving credit facility - use your mortgage like an overdraft to reduce interest.
Rapid Repay
Make unlimited extra repayments on your floating rate portion.
First Home Buyer Package
Dedicated support, 10% deposit options, and First Home Grant assistance.
Online Switching
Easy online rate switching when your fixed term expires.
BNZ Pros & Cons
Pros
- +Excellent TotalMoney facility
- +Good digital banking experience
- +Regular cashback offers
- +Strong business banking integration
Cons
- -Rates not always the lowest
- -Smaller branch network
- -Some processing delays reported
BNZ FAQs
What are BNZ's current mortgage rates?
BNZ's carded rates change frequently. See our snapshot at /api/lender/bnz/summary.md for current numbers across all terms, and confirm directly with BNZ before applying.
What is BNZ TotalMoney?
TotalMoney is BNZ's revolving credit facility that lets you use your mortgage like an overdraft. Your salary goes in and reduces your balance, lowering interest.
Does BNZ offer cashback on mortgages?
Yes, BNZ offers periodic cashback deals for new lending, typically ranging from $2,000-$4,000 depending on loan size and current promotions.
What is BNZ YouMoney?
YouMoney is BNZ's account that helps you budget and save. While not directly mortgage-related, it integrates well with their home loan products.
Next step
Compare BNZ against other big-5 lenders, or visit BNZ directly to apply.
Important: how to read this information
This website is operated by Evolve Group Limited (FSP711891), a Licensed Financial Advice Provider regulated by the Financial Markets Authority (NZ). The information published here is general in nature and is not personalised financial advice. For personalised advice that takes your circumstances into account, request to be matched with one of our licensed mortgage advisers via the enquiry form.
Rate accuracy. The BNZ rates shown here were observed at 21 May 2026, 12:27 pm from BNZ's published carded-rate page. If BNZ has updated their rates since that timestamp, the authoritative source is the lender's page (linked), not our derived figure. Carded rates are advertised rates — the rate you ultimately receive depends on your application, including your LVR, income, credit profile, and any negotiation conducted by a licensed mortgage adviser.
CCCFA + Responsible Lending Code. Final lending decisions are made by the lender under the Credit Contracts and Consumer Finance Act 2003 and the MBIE Responsible Lending Code. Lenders apply servicing-test rates (typically around 8% post-2023), debt-to-income caps (RBNZ DTI 6× owner-occupier / 7× investor from 2024), and Loan-to-Value Ratio limits. Carded rates are not an offer or a pre-approval.
Disputes. If you have a complaint about advice received through this site, contact Financial Services Complaints Limited (FSCL) on 0800 347 257 or info@fscl.org.nz.
Site operated by Evolve Group Limited, FSP711891.
Rates snapshot generator: scripts/snapshot-lenders.mjs.
Machine-readable snapshot: /api/rates/facts.json.