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| Mortgage Lender | Floating  |
6 months |
1 year |
18 month |
2 years |
3 years |
4 years |
5 years |
|---|---|---|---|---|---|---|---|---|
|
|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| ANZ - Simple Variable | 6.20 | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
|
BankDirect |
6.25 | 6.35 | 6.45 | 6.60 | 6.70 | 7.10 | n/a | 7.75 |
|
BNZ - Classic |
n/a | n/a | n/a | 6.65 | n/a | n/a | n/a | n/a |
|
BNZ - Mortgage One |
6.90 | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
|
BNZ - Rapid Repay |
6.49 | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
|
BNZ - TotalMoney |
6.09 | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
|
CBS Canterbury |
6.25 | 6.45 | 6.55 | n/a | 6.99 | 7.45 | n/a | 7.95 |
|
Credit Union Auckland |
6.70 | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
|
Credit Union Baywide |
6.35 | 6.50 | 6.60 | n/a | 6.85 | 7.25 | n/a | n/a |
|
Credit Union North |
6.30 | n/a | 6.45 | n/a | 6.75 | 7.20 | n/a | n/a |
|
Credit Union South |
6.00 | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Mortgage Lender | Floating |
6 months |
1 year |
18 month |
2 years |
3 years |
4 years |
5 years |
|
Fidelity Life |
6.00 | n/a | 6.35 | n/a | 6.90 | n/a | n/a | n/a |
|
First Credit Union |
6.45 | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
|
Global Home Loans |
7.99 | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
|
HBS |
6.25 | 6.35 | 6.50 | n/a | 6.85 | 7.80 | n/a | 8.50 |
|
Heretaunga Building Society |
6.50 | n/a | 6.45 | n/a | 6.70▼ | n/a | n/a | n/a |
|
Housing Corp |
6.25▲ | n/a | 6.45 | n/a | 6.70▼ | 7.10▼ | n/a | 7.70▼ |
|
Kiwibank - Capped Variable |
6.50 | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
|
Napier Building Society |
6.25▲ | n/a | 6.50 | n/a | 7.00 | n/a | n/a | n/a |
|
Nelson Building Society |
6.95 | n/a | 6.80 | n/a | 7.30 | n/a | n/a | n/a |
|
NZ Home Loans |
6.35 | 6.50 | 6.60 | n/a | 6.85 | 7.25 | n/a | 7.90 |
|
Perpetual Trust |
7.70 | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
|
SBS Bank |
6.15 | 6.30 | 6.45 | n/a | 6.70 | 7.10▼ | n/a | 7.60 |
| Mortgage Lender | Floating |
6 months |
1 year |
18 month |
2 years |
3 years |
4 years |
5 years |
|
6.95 | 6.15 | 6.40 | n/a | 6.65 | 7.10▼ | n/a | n/a |
|
Wairarapa Building Society |
6.70 | n/a | 6.45 | n/a | 7.20 | n/a | n/a | n/a |
|
n/a | n/a | 6.95 | n/a | n/a | n/a | n/a | n/a |
|
6.10 | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
|
Public Trust |
5.99 | 6.10 | 6.19 | n/a | 6.55 | 6.95 | 7.25 | 7.55 |
|
HSBC Premier |
6.49 | 4.99 | 5.99 | n/a | 6.74 | 7.09 | 7.30 | 7.65 |
|
AMP Home Loans $200k + |
6.64 | 6.15 | 6.35 | 6.59 | 6.59 | 7.00 | 7.35 | 7.65 |
|
AMP Home Loans |
6.74 | 6.25 | 6.45 | 6.69 | 6.69 | 7.10 | 7.45 | 7.75 |
| ANZ | 6.95 | 6.35 | 6.45 | 6.65 | 6.69 | 7.10 | 7.45 | 7.70 |
|
ASB Bank |
6.25 | 6.35 | 6.45 | 6.60 | 6.70 | 7.10 | 7.45 | 7.75 |
|
6.15 | 6.35 | 6.45 | 6.69 | 6.69 | 7.09 | 7.45 | 7.70 |
|
National Bank |
6.24 | 6.35 | 6.45 | 6.60 | 6.69 | 7.10 | 7.45 | 7.70 |
| Mortgage Lender | Floating |
6 months |
1 year |
18 month |
2 years |
3 years |
4 years |
5 years |
|
6.20 | 6.30 | 6.45 | n/a | 6.70 | 7.10▼ | 7.45 | n/a |
|
TSB Bank |
6.29 | 6.35 | 6.45 | n/a | 6.68 | 7.20 | 7.45 | 7.75 |
|
6.74 | 6.25 | 6.45 | 6.69 | 6.69 | 7.10 | 7.45 | 7.75 |
|
BNZ- Std, FlyBuys |
6.49 | 6.30 | 6.49 | n/a | 6.70 | 7.15 | 7.50 | 7.80 |
|
Finance Direct |
5.95 | 6.10 | 6.45 | 6.79 | 6.99 | 7.25 | 7.55 | 7.75 |
|
BNZ - GlobalPlus |
6.49 | 6.40 | 6.59 | 6.75 | 6.80 | 7.25 | 7.60 | 7.90 |
|
6.35 | 6.50 | 6.60 | 6.75 | 6.85 | 7.25 | 7.60 | 7.90 |
|
6.50 | 6.55 | 6.65 | n/a | 6.89▼ | 7.30▼ | 7.65 | 7.90 |
|
6.50 | 6.55 | 6.65 | n/a | 6.89▼ | 7.30▼ | 7.65 | 7.90 |
|
General Finance |
6.50 | 6.55 | 6.65 | n/a | 6.89▼ | 7.30▼ | 7.65 | 7.90 |
|
NZF |
7.20 | 6.35 | 6.60 | n/a | 6.95▼ | 7.40 | 7.65 | 7.90 |
|
Silver Fern |
6.35 | 6.50 | 6.50 | n/a | 7.25 | 7.55 | 7.75 | 7.95 |
| Mortgage Lender | Floating |
6 months |
1 year |
18 month |
2 years |
3 years |
4 years |
5 years |
| NZF (LVR >80%) | 7.45 | 6.60 | 6.85 | n/a | 7.20▼ | 7.65 | 7.90 | 8.15 |
This table is updated regularly and is intended as a brief guide to residential loans on owner-occupied properties in New Zealand. Users are advised to confirm the rates and conditions that will apply in your particular situation directly with the lender.
Terms explained
Floating rate: also known as the variable rate. This fluctuates according to market conditions.
Fixed rate: this rate applies for the length of the loan, which is fixed for a set period. We have given a sample of fixed rate periods only: many lenders offer fixed rate loans for as little as six months, while some go out to seven years.
LVR: this stands for the loan to value ratio and is the maximum percentage of a property's value that the institution will lend to. Check with the lender for any special conditions. Many, for example, may require you take out mortgage insurance if the LVR is over a certain level, or there may be other restrictions such as lending for apartments, which can be to a much lower LVR.
Front-end fees: these are also known as establishment, application or loan approval fees. They are are one-off charges by the lender for setting up the loan.
Capped rate: the maximum rate that will apply to a loan during its capped period. If the floating rate drops below the capped rate applicable then the lower floating rate will apply instead. There is no penalty for paying off lump sums, totally repaying the loan or for increasing your payments.
Disclaimer
Every possible effort has been made to keep the information in this table as accurate as possible, however, neither the publishers of Good Returns nor anyone engaged to compile this table accept any liability for inaccuracies or any loss suffered as a result. It is strongly advised that readers check loan details with providers.
For enquiries about this page contact editor@goodreturns.co.nz.
