About this calculator
This calculator is a guide only. It is not financial advice or an offer of finance by BNZ. To apply for a home loan, you’ll need to complete a full application and provide more information to us. You may get a different result to this calculator. All home loans are subject to our lending criteria (including minimum equity and debt-to-income requirements), terms and fees.
How the calculator works
We’ve made some assumptions to calculate what you could borrow, including:
- your situation, including your income and expenses, won’t change for the life of the loan
- we may have to adjust the information you’ve given us after comparing with our internal benchmarks
- we used a ‘test’ interest rate which is higher than our advertised rates, to take account of the fact that interest rates are likely to change over time.
We’ve made some assumptions to calculate your approximate repayments, such as:
- there are no changes to the loan amount and you don’t borrow any extra on this loan
- you don’t make any additional lump sum repayments or increase your regular repayments above the standard repayments
- all your repayments are “principal and interest” and are made in full and on time
- the interest on your home loan is calculated daily and charged fortnightly
- the interest rate stays the same over the term of your loan (interest rates are likely to change over time).