Keep up to date with the latest mortgage rates.
Are you on the best rate?
Comparing apples with apples.
Below you’ll see a summary of the home loan interest rates and terms currently offered by many of New Zealand’s top lenders. The offers have been grouped into lender types. Alternatively, you can sort by term or rate.
What to consider when comparing mortgage rates.
It’s important to remember that interest rates are just one of the things to consider. Your mortgage should be tailored to your individual financial situation, your goals and the lifestyle you want to lead.
To get access to special offers and lower-than-advertised rates, we recommend you consult an expert mortgage adviser with a strong track record of success. Try our new ‘find a broker’ service which is free of charge, with no obligation.
Lender | Lender Name | Floating | 1 Year | 2 Years | 3 Years | 4 Years | 5 Years |
---|---|---|---|---|---|---|---|
ANZ | 5.54 | 4.55 | 5.25 | 5.55 | 6.35 | 6.45 | |
Resimac | 4.59 | 5.60 | 6.16 | 6.29 | 6.31 | 6.33 | |
Westpac | 5.54 | 4.49 | 5.19 | 5.49 | 5.79 | 5.89 | |
Pepper Money | 3.44 | ||||||
BNZ | 5.55 | 4.55 | 5.25 | 5.45 | 5.79 | 5.99 | |
SBS Bank | 5.29 | 4.19 | 4.85 | 4.99 | 5.45 | 5.95 | |
Kiwibank | 5.00 | 4.55 | 5.19 | 5.39 | 5.55 | 5.79 | |
Co-operative Bank | 5.45 | 4.29 | 5.19 | 5.45 | 5.75 | 5.95 | |
TSB Bank | 4.79 | 4.34 | 5.25 | 5.35 | 5.55 | 5.75 | |
Avanti Finance | 5.45 | ||||||
Liberty Financial | 4.84 | ||||||
ASB | 5.35 | 4.49 | 5.25 | 5.55 | 6.35 | 6.45 | |
HSBC | 5.49 | 4.39 | 5.15 | 5.39 | 5.69 | 5.89 | |
Heartland Bank | 4.00 | 3.85 | 4.70 | 4.84 | |||
Bluestone | 5.29 | 7.49 | 7.59 |
Lender | Lender Name | Floating | 1 Year | 2 Years | 3 Years | 4 Years | 5 Years |
---|---|---|---|---|---|---|---|
ANZ | 5.54 | 4.55 | 5.25 | 5.55 | 6.35 | 6.45 | |
Westpac | 5.54 | 4.49 | 5.19 | 5.49 | 5.79 | 5.89 | |
BNZ | 5.55 | 4.55 | 5.25 | 5.45 | 5.79 | 5.99 | |
ASB | 5.35 | 4.49 | 5.25 | 5.55 | 6.35 | 6.45 | |
HSBC | 5.49 | 4.39 | 5.15 | 5.39 | 5.69 | 5.89 |
Lender | Lender Name | Floating | 1 Year | 2 Years | 3 Years | 4 Years | 5 Years |
---|---|---|---|---|---|---|---|
SBS Bank | 5.29 | 4.19 | 4.85 | 4.99 | 5.45 | 5.95 | |
Kiwibank | 5.00 | 4.55 | 5.19 | 5.39 | 5.55 | 5.79 | |
Co-operative Bank | 5.45 | 4.29 | 5.19 | 5.45 | 5.75 | 5.95 | |
TSB Bank | 4.79 | 4.34 | 5.25 | 5.35 | 5.55 | 5.75 | |
Heartland Bank | 4.00 | 3.85 | 4.70 | 4.84 |
Lender | Lender Name | Floating | 1 Year | 2 Years | 3 Years | 4 Years | 5 Years |
---|---|---|---|---|---|---|---|
Resimac | 4.59 | 5.60 | 6.16 | 6.29 | 6.31 | 6.33 | |
Pepper Money | 3.44 | ||||||
Avanti Finance | 5.45 | ||||||
Liberty Financial | 4.84 | ||||||
Bluestone | 5.29 | 7.49 | 7.59 |

need advice on the best available rate for you?
Get an expert mortgage adviser on your side.
It’s easier to navigate the New Zealand home loan landscape when you have an expert helping you along. That’s why we’ve launched a new service that can connect you with an award-winning mortgage adviser.
Our expert advisers work with a wide range of lenders and often have access to lower-than-advertised rates. And if your situation is complicated, by something like overseas assets or a low deposit, you definitely want to be working with one of our top performing mortgage advisers.
A quick guide to types of mortgage.
- General principal and interest (table mortgage)
A table mortgage is repaid by periodic repayments of principal and interest over the loan term, resulting in a declining principal balance and eventual repayment of the loan.
- Interest-only mortgage
- Fixed rate mortgage
- Floating rate mortgage
- Revolving credit mortgage
- Offset mortgage


Should you choose fixed or floating?


- Fixed interest rate loans.
When you choose a fixed rate home loan, the interest rate you pay stays the same for a given period (anything from six months to five years). At the end of the term, you can either fix again for a new term or switch to a floating rate. Fixed rates make budgeting easier and are nearly always lower than the floating rate.
Advantages:
- Your repayments stay the same over the term, so there are no surprises.
- Lenders compete for the best fixed rate, so there are usually some great deals going.
- If economists are predicting a rise in interest rates, you can lock in a lower rate for a long term.
Disadvantages:
- If you want to increase repayments or pay a lump sum off your loan, you’ll probably get hit with a fee.
- If you choose a longer term, there’s always the chance floating rates will dip to below the fixed rate you’re paying.
- You may have to pay a ‘break fee’ if you want to sell your property or move to a floating rate before the term is up.
- Floating rate (or variable rate)
Advantages:
- You can increase your repayments or pay off a lump sum at any time, without any penalty.
- To simplify your financial life and pay less interest, you may be able to consolidate other borrowing into your floating rate home loan.
Disadvantages:
- Floating rates are nearly always higher than fixed rates.
- You’ll have less disposable income if repayments go up in response to an interest rate increase.
Visit our Learning Centre.
Visit our Learning Centre for helpful guides, mortgage insights and the latest market news from Tony Alexander. Whether you are preparing for your first home, reviewing your mortgage or planning to invest in a second property, we have a range of articles and guides to help you achieve your goal.

What is an interest-only mortgage?
As its name suggests, an interest-only mortgage means your regular weekly, fortnightly or monthly repayments only include the interest charged. So you don’t repay any

What is a revolving credit mortgage?
A revolving credit mortgage is like an all-in-one bank account with a large overdraft facility. It lets you draw down a loan, put money in

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