Latest rates

Residential and Residential Investing Home Term Loan Interest Rates

Rates valid from 16 October 2021

Term	Special Rates P.A**	Standard Rates P.A.*
Residential Floating Rate / First Home Loan Floating Rate		4.79%
Residential Investing Floating Rate		5.04%
6 months	2.89%	3.39%
1 year	2.75%	3.25%
18 months	2.99%	3.49%
2 years	3.15%	3.65%
3 years	3.45%	3.95%
4 years	3.95%	4.45%
5 years	4.19%	4.69%
Default interest Rate*** (Charged above the loan repayment account interest rate)	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 16 October 2021

	Rate P.A.
Residential Floating Rate	4.79%
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.

Reverse Equity Mortgage Rates

Rates valid from 30 November 2020

Product	Rate P.A.
SBS Advance Floating Rate Loan	5.85%
SBS Unwind Floating Rate	5.85%
Default Interest Rate**** (Charged above the then current interest rate)	4.00%

SBS Bank has suspended the use of fixed rates on SBS Advance.

FirstHome Combo Rates

Rates valid from 16 October 2021

Product	Rate P.A.
FirstHome Combo 1 year fixed rate	1.99%
Residential Floating Rate discount of 2.55% (For Construction lending for first home buyers only)	2.24%

For first home buyers only. Rate and discount are subject to change.

Standard Contract Terms for First Home Loans and Residential Lending are available here.

1% HNZC Premium Fee applies to First Home Loans, additional Credit Fees and Charges also apply and are available here

FirstHome Combo Terms and Conditions apply and are available here

Share Term Investment Rates

Interest Paid at Maturity

These rates are currently unavailable. We apologise for the inconvenience.
Please try again later or contact us on 0800 727 2265 during business hours for available investment rates.

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Term	Rate p.a.
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Interest Paid Monthly or Quarterly

These rates are currently unavailable. We apologise for the inconvenience.
Please try again later or contact us on 0800 727 2265 during business hours for available investment rates.

Rates are current as at {{investSession.currentDate | date:'hh:mm a'}}, {{investSession.currentDate | date:'EEEE dd MMMM yyyy'}}

Term	Rate p.a.
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Minimum deposit $1,000 – maximum deposit $5,000,000 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 with a $250 Booked Fixed Rate fee. Terms and Conditions may apply. Please contact us 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 lending with equity less than 20% and Residential Investing lending with equity less than 40%.

** These rates are only available for Residential lending with a minimum of 20% equity, Residential Investing lending with a minimum of 40% equity, or First Home Loans with a minimum of 5% equity. 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 Unwind (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 and a 1% HNZC premium applies. Specific lending and eligibility criteria and Standard Contract Terms for term First Home Loans, Residential and Residential Investing Loans apply. Credit Fees and Charges may also apply.

*** 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 except for First Home Loans. 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.

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 charge from any branch of SBS Bank or at sbsbank.co.nz.