Residential and Residential Investing Home Loan Rates
Rates valid from 28 March 2020
| Term | Standard Rates P.A.* | Special Rates P.A** | Low Equity Rates P.A*** |
|---|
| Residential Floating Rate | 4.54% | | 4.54% |
| Residential Investing Floating Rate | 5.04% | | 5.04% |
| 6 months | 5.25% | 3.89% | 5.75% |
| 12 months | 4.85% | 3.09% | 5.35% |
| 18 months | 5.15% | 3.39% | 5.65% |
| 24 months | 5.05% | 3.39% | 5.55% |
| 36 months | 5.49% | 3.69% | 5.99% |
| 48 months | 5.89% | 3.79% | 6.39% |
| 60 months | 6.09% | 3.89% | 6.59% |
Default interest Rate****
(Charged above the loan repayment account interest rate)
| 8.00% | 8.00% | 8.00% |
Standard contract terms for Residential or Term Loan apply and are available here.
Credit Fees and Charges may apply, and are available here.
Rates, fees and charges are subject to change. Lending Eligibility Criteria and special conditions may apply.
Home Loan Flexi Rates
Rates valid from 20 March 2020
| | Rate P.A. |
|---|
| Residential Floating Rate | 4.54% |
| Residential Investing Floating Rate | 5.04% |
Default Interest Rate****
(Charged above the then current
interest rate) | 8.00% |
Standard contract terms for either Residential or Residential Investing Transactional Facilities apply and are available here.
Credit Fees and Charges may apply, and are available here.
Rates, fees and charges are subject to change. Lending Eligibility Criteria and special conditions may apply.
Advance loan rates
Rates valid from 20 March 2020
| Product |
Rate P.A. |
| Floating Rate SBS Advance Loan |
6.20% |
Default Interest Rate****
(Charged above the then current
interest rate)
|
8.00% |
SBS Bank has suspended the use of fixed rates on SBS Advance.
Share Investment Interest at Maturity Specials
Rates valid at 28 March 2020
| Term | Rate p.a |
|---|
| 6 months | 2.65% |
| 9 months | 2.65% |
| 12 months | 2.60% |
| 18 months | 2.70% |
| 24 months | 2.50% |
| 36 months | 2.50% |
Minimum deposit $1,000 – maximum deposit $5,000,000
Share Investment Specials
Rates valid at 28 March 2020
| Term | Interest Frequency | Rate p.a |
|---|
| 6 months | Quarterly | 2.65% |
| 9 months | Quarterly | 2.65% |
| 12 months | Quarterly | 2.60% |
| 18 months | Quarterly | 2.70% |
| 24 months | Quarterly | 2.50% |
| 36 months | Quarterly | 2.50% |
Specific account opening criteria, Term Investment Terms and Conditions apply.
SBS Visa Credit Card
Valid from 1 October 2018
Click here to view SBS Visa Credit Card Fees and Charges.
Home Loan Rates
Rates, fees and charges are subject to change. Lending Eligibility Criteria and special conditions may apply. Specific account opening criteria applies.
The prevailing lending rate on the day of settlement will apply. These Fixed lending rates can be booked, ask for more details. If the fixed rate for that term is not available, the current floating rate will apply.
* These rates are only available for Residential and Residential Investing Lending with either a minimum of 20% equity (or greater when Residential Investing lending restrictions apply), First Home Loan, or lending where QBE lenders mortgage insurance applies.
** Rates are subject to change without notice. These rates can be booked with a $250 Booked Fixed Rate fee, terms and conditions may apply. These rates are only available for Residential and Residential Investing lending with a minimum of 20% equity (or greater when Residential Investing lending restrictions apply), Welcome Home Loan, or lending where QBE lenders mortgage insurance applies. Available to members with any level of existing lending with SBS Bank or requires new lending of at least $100,000. Not available with commercial or rural loans, or SBS Advance (Reverse Equity Mortgage) loans. Requires primary source of income paid into a SBS Bank transactional account. First Home Loans are supported by Kāinga Ora - Homes and communities, are for owner occupied homes only and owners must not own any other property. Specific lending and eligibility criteria and Standard Contract Terms for term First Home Loans, Residential and Residential Investing Loans apply. 1% HNZC premium applies. Credit Fees and Charges may also apply. Copies of our Standard Contract Terms for First Home Loans, Residential and Residential Investing Loans and Credit Fees and Charges are available on request and free of change from any branch of SBS Bank or at sbsbank.co.nz.
*** These rates are available for new Residential and Residential Investing Lending with equity less than 20% or 35% equity for Residential Investing.
**** In the event of a default in payment on your loan and while the default continues you must pay interest at the Default Interest Rate on the overdue amount.
SBS Bank may apply an additional margin to advertised interest rates (which would increase the applicable interest rate) for specific borrowers or a specific class of borrowers. Any additional margin is determined by SBS Bank and is based on various risk factors, including the borrower type and risk profile, the loan type, the term of the loan, the value and nature of the security, the loan-to-value ratio, debt serviceability and various other risk related criteria.