1. BNZ Fixed Home Loan Rates (August 2025)
BNZ has reduced several fixed-rate home loans:
- 6-month fixed: reduced by 0.20% to 5.09% p.a.
- 1-year fixed: down 0.10% to 4.79% p.a.
- 18-month fixed: now 4.79% p.a.
- 2-year fixed: dropped to 4.89% p.a.
- 3-year fixed: now 4.99% p.a.
BNZ Debrief1NewsNZ HeraldRNZ
These adjustments align BNZ with other major banks offering competitive specials like 4.79% for 1-year fixed loans.Opes PartnersSquirrel
2. Floating (Variable) Rate Snapshot
BNZ’s current floating or revolving credit rate sits around 6.44% p.a.—typical for variable options in today’s market.Mortgagerates.co.nz
3. How These Rates Were Determined
BNZ lowered its fixed rates ahead of a widely expected Reserve Bank of New Zealand (RBNZ) Official Cash Rate (OCR) cut. The bank aims to provide immediate relief to households during budget pressures.BNZ DebriefNZ HeraldRNZ
4. When Lower Rates Might Appear
BNZ forecasts that the OCR could bottom out around 2.75% later this year, possibly nudging 6-month and 1-year fixed rates further down into the 4.5–5.0% range, though longer-term rates seem to have stabilized.Canstar
5. Fixed vs Floating Rate: Choosing What’s Best
- Fixed Rate Advantages: Know exactly what your repayments will be, shielded from rate increases. Ideal for short-term stability.
- Floating Rate Advantages: Offers flexibility—make extra repayments or benefit if market rates fall.
- Many borrowers smartly split their mortgage, fixing most and keeping a small portion floating.BNZ
6. Summary of BNZ Fixed Rates
| Loan Term | New Rate (p.a.) |
|---|---|
| 6-month fixed | 5.09% |
| 1-year fixed | 4.79% |
| 18-month fixed | 4.79% |
| 2-year fixed | 4.89% |
| 3-year fixed | 4.99% |
— with floating at approximately 6.44%.Mortgagerates.co.nz
7. Expert Tips to Secure the Best Deal
- Act now: While fixed rates are low, waiting may miss the best window for locking in.
- Consult with a mortgage adviser: They could negotiate a discounted rate beyond the carded specials.Opes Partners
- Match loan choice to your risk appetite: Fix for peace of mind or leave some floating if you expect rates to fall later.
- Use BNZ’s mortgage calculator to estimate repayments—but remember that fees (e.g., up to $150 establishment fee) and low-equity levies might apply.BNZ
Conclusion
BNZ home loan rates are highly competitive as of mid-August 2025—with fixed terms ranging from 4.79% to 5.09%. Floating rates remain steady at about 6.44%. With further OCR cuts expected, short-term fixed rates may dip even more. Whether you aim for certainty or flexibility, choosing the right term—and potentially splitting your mortgage—can save you significantly.