Offset your mortgage with TotalMoney

By offsetting with a TotalMoney home loan, you could pay less interest and become mortgage-free faster.

How it works Calculate what you could save

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Benefits of TotalMoney

Pay less interest

Even if you don’t have a lot of savings, every dollar in your TotalMoney accounts will have the effect of lowering the interest rate you pay on your home loan.^ See what you could save with our TotalMoney home loan calculator.

Flexible repayments

Change the amount of your regular payment online or make a lump sum repayment when it suits you. Use our repayment calculator to work out how many years you could take off your home loan by increasing payments.

Group your accounts

Your parents or children can group their accounts with your TotalMoney home loan to help reduce the interest you pay. You can link up to 50 accounts in one TotalMoney group.

How offsetting with TotalMoney works

A TotalMoney floating home loan uses the combined balance of your TotalMoney transaction accounts and subtracts this from the balance of your home loan, so you only pay interest on the difference.

While your minimum repayments will remain the same, more of each repayment goes towards paying off the principal part of your loan.

For example, if you have a TotalMoney home loan of $200,000 and you offset $30,000 of it using your TotalMoney transaction account balances, you’ll only pay interest on $170,000 of your home loan.

Without offsetting

With offsetting

See how TotalMoney works

Watch our video to learn more about what offsetting is and how you can use it to reduce the interest you pay on your mortgage, so you can be mortgage-free faster.

Current TotalMoney interest rate

-% p.a. floating rate on your loan.

An establishment fee of up to $150 may apply.

Get in touch

Get a call back from a home loan expert

One of our home loan experts can give you a call to talk you through your options.

Arrange a call back

Request conditional approval

Leave your details and we’ll get in touch to talk you through the process.

Request conditional approval

Our Home Loan Partners come to you

Whether you’re buying or refinancing, our Home Loan Partners are available seven days a week and can come to you where and when it suits.^

Find a Home Loan Partner

Home loans help and support

If you need some help call 0800 275 269.

All home loans are subject to our lending criteria (including minimum equity requirements), terms and fees. Interest rates are subject to change. Not for business purposes. A low equity interest rate premium applies to lending with loans with less than 20% equity.

Account opening and lending criteria, terms and fees apply. BNZ standard terms and conditions apply to all BNZ transaction and savings accounts. TotalMoney terms and conditions pdf 187kb also apply to TotalMoney accounts. Details of our fees can be found in our Fees Guide pdf 136kb. Rates and fees are subject to change.

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