Search

Search News Search Questions

News > Mortgages > National Bank raises floating home loan interest rate

Mortgages

National Bank raises floating home loan interest rate

The National Bank has followed the lead of the nation's other major banks and increased its variable home loan interest rate by 25 basis points.

Wednesday, June 16th 2004

National Bank said last night its floating home loan interest rate will increase from 7.75 per cent per annum to 8.00 per cent per annum.

The new rate will take effect from today for new customers and from July 5 for existing customers.

There are no changes to the bank's fixed home loan interest rates.

Bank of New Zealand moved yesterday, also bumping up its floating mortgage rate by 25 basis points to 8.0 per cent a year.

Read More - Opens in a new window

Next Article

Property investors refocus on cash flow

Most Read

See more News >

Top Mortgage Rates

Unity First Home Buyer special 3.95
SBS FirstHome Combo 4.19
ICBC 4.49
Kiwibank Special 4.49
Co-operative Bank - First Home Special 4.55
TSB Special 4.59
Unity Special 4.59
Kainga Ora 4.59
BNZ - Std 4.65
Co-operative Bank - Owner Occ 4.65
ASB Bank 4.65
ICBC 4.89
Kiwibank Special 4.89
China Construction Bank 4.95
Kainga Ora 4.95
Unity Special 5.09
Nelson Building Society 5.09
BNZ - Std 5.09
Westpac Special 5.19
TSB Special 5.19
SBS Bank Special 5.19
ASB Bank 5.25
Westpac Special 5.59
ICBC 5.65
Kainga Ora 5.69
TSB Special 5.79
BNZ - Std 5.79
SBS Bank Special 5.79
Kiwibank Special 5.79
Co-operative Bank - Owner Occ 5.89
ASB Bank 5.89
AIA - Go Home Loans 5.89
China Construction Bank 5.99
SBS FirstHome Combo 3.29
AIA - Back My Build 3.34
SBS Construction lending for FHB 3.74
CFML 321 Loans 3.95
Co-operative Bank - Standard 4.99
Co-operative Bank - Owner Occ 4.99
Heartland Bank - Online 5.30
ICBC 5.39
Kiwibank 5.65
Kiwibank Special 5.65
Kiwibank - Offset 5.65

Full Rates Table

More Stories

Thursday, February 19th 2026

RBNZ expects slower house price growth in the current recovery

The Reserve Bank thinks house prices will rise at a much slower pace during the current recovery than they have in past cycles.

Wednesday, January 07th 2026

Queenstown not off the radar for first home buyers

First home buyers are not being deterred by Queenstown’s soaring house prices.

Record levels of first home buyers taking out low deposit loans

Tuesday, December 23rd 2025

Record levels of first home buyers taking out low deposit loans

About half of all first home buyer lending has been done at a less than 20% deposit in recent months.

Buyers sitting on the sidelines in best time to buy in a decade

Thursday, December 04th 2025

Buyers sitting on the sidelines in best time to buy in a decade

Stable house prices, low interest rates and plenty of houses to choose from are still not enticing buyers.

Landlords
© 2026 Tarawera Publishing Ltd.