- To find the best rate use the green arrows to sort the table in ascending/descending order.
- Find out more about a lender by clicking on their logo.
- To graph comparisons click here
| Mortgage Lender | Floating | 6 mth | 1 year | 18 mth | 2 years | 3 years | 4 years | 5 years | RC |
|---|---|---|---|---|---|---|---|---|---|
| AIA - Back My Build | 4.44 | - | - | - | - | - | - | - | - |
| SBS FirstHome Combo | 4.44 | - | 4.39 | - | - | - | - | - | - |
| CFML 321 Loans | ▼5.25 | - | - | - | - | - | - | - | - |
| Co-operative Bank - Owner Occ | 6.45 | 5.69 | ▼5.19 | 5.29 | 5.19 | 5.49 | 5.79 | 5.89 | 6.45 |
| Co-operative Bank - Standard | 6.45 | 6.19 | ▼5.69 | 5.79 | 5.69 | 5.99 | 6.29 | 6.39 | 6.45 |
| Heartland Bank - Online | 6.49 | - | 5.25 | 5.19 | 5.19 | 5.35 | - | - | 6.99 |
| Kiwibank | 6.75 | 6.69 | 6.09 | - | 6.09 | 6.39 | 6.59 | 6.69 | 6.80 |
| Kiwibank - Offset | 6.75 | - | - | - | - | - | - | - | - |
| Kiwibank Special | 6.75 | 5.79 | 5.19 | - | 5.19 | 5.59 | 5.79 | 5.89 | 6.80 |
| AIA - Go Home Loans | 6.89 | 5.89 | 5.25 | 5.19 | 4.99 | 5.35 | 5.79 | 5.79 | - |
| ANZ | 6.89 | 6.49 | 5.89 | 5.79 | 5.59 | 5.89 | 5.99 | 5.99 | - |
| ASB Bank | 6.89 | 5.89 | 5.25 | 5.19 | 4.99 | 5.35 | 5.79 | 5.79 | - |
| Kainga Ora | 6.89 | - | 5.29 | - | 4.99 | 5.35 | - | 5.79 | - |
| TSB Special | 6.89 | 5.89 | 5.19 | 5.49 | 4.99 | 5.39 | 5.79 | 5.89 | 6.99 |
| Unity | 6.89 | 5.89 | 5.29 | 5.19 | 4.99 | - | - | - | - |
| BNZ - Std | 6.94 | 5.89 | 5.55 | 5.39 | 5.29 | 5.59 | 5.69 | 5.79 | - |
| CFML Home Loans | ▲6.95 | - | - | - | - | - | - | - | - |
| ICBC | 6.95 | 5.89 | 5.29 | 5.19 | 4.99 | 5.39 | 5.49 | 5.49 | - |
| SBS Bank | 6.99 | 6.69 | 6.29 | 6.09 | 6.09 | 6.19 | 6.39 | 6.39 | - |
| Westpac | 6.99 | 6.59 | 6.09 | 5.89 | 5.89 | 5.99 | 5.99 | 5.99 | - |
| Westpac Offset | 6.99 | - | - | - | - | - | - | - | - |
| BNZ - Mortgage One | 7.04 | - | - | - | - | - | - | - | - |
| BNZ - Rapid Repay | 7.04 | - | - | - | - | - | - | - | - |
| BNZ - TotalMoney | 7.04 | - | - | - | - | - | - | - | - |
| Westpac Choices Everyday | 7.09 | - | - | - | - | - | - | - | - |
| Mortgage Lender | Floating | 6 mth | 1 year | 18 mth | 2 years | 3 years | 4 years | 5 years | RC |
| First Credit Union Standard | 7.19 | - | 5.99 | - | 5.69 | - | - | - | - |
| Wairarapa Building Society | 7.20 | - | 5.49 | 5.39 | 5.29 | - | - | - | - |
| ANZ Blueprint to Build | 7.39 | - | - | - | - | - | - | - | - |
| Avanti Finance | 7.40 | - | - | - | - | - | - | - | - |
| Nelson Building Society | 7.44 | 5.99 | 5.24 | - | 5.24 | - | - | - | - |
| CFML Prime Loans | ▼7.45 | - | - | - | - | - | - | - | - |
| TSB Bank | 7.69 | 6.69 | 5.99 | 6.29 | 5.79 | 6.19 | 6.59 | 6.69 | - |
| Credit Union Auckland | 7.70 | - | - | - | - | - | - | - | - |
| Basecorp Finance | 7.85 | - | - | - | - | - | - | - | - |
| Heretaunga Building Society | 8.15 | - | 6.35 | - | 6.00 | - | - | - | - |
| CFML Standard Loans | ▼8.25 | - | - | - | - | - | - | - | - |
| Pepper Money Essential | 8.29 | - | - | - | - | - | - | - | - |
| Liberty | 8.59 | - | 8.69 | - | 8.79 | 8.94 | - | - | - |
| Pepper Money Easy | 8.69 | - | - | - | - | - | - | - | - |
| SBS Unwind reverse equity | 9.39 | - | - | - | - | - | - | - | - |
| Pepper Money Advantage | 10.49 | - | - | - | - | - | - | - | - |
| ANZ Good Energy | - | - | - | - | - | 1.00 | - | - | - |
| ANZ Special | - | 5.89 | 5.29 | 5.19 | 4.99 | 5.29 | - | - | - |
| ASB Better Homes Top Up | - | - | - | - | - | 1.00 | - | - | - |
| BNZ - Classic | - | 6.49 | 5.99 | 5.89 | 5.69 | 5.69 | 5.59 | 5.59 | - |
| China Construction Bank | - | 7.19 | 7.09 | 6.89 | 6.75 | 6.49 | 6.40 | 6.40 | - |
| China Construction Bank Special | - | - | - | - | - | - | - | - | - |
| Co-operative Bank - First Home Special | - | - | ▼5.09 | - | - | - | - | - | - |
| First Credit Union Special | - | - | 5.49 | - | 5.39 | - | - | - | - |
| Heartland Bank - Reverse Mortgage | - | - | - | - | - | - | - | - | - |
| Mortgage Lender | Floating | 6 mth | 1 year | 18 mth | 2 years | 3 years | 4 years | 5 years | RC |
| Kainga Ora - First Home Buyer Special | - | - | - | - | - | - | - | - | - |
| SBS Bank Special | - | 5.95 | 5.39 | 5.25 | 5.29 | 5.35 | 5.69 | 5.69 | - |
| SBS Construction lending for FHB | - | - | - | - | - | - | - | - | - |
| SBS FirstHome Combo | - | - | - | - | - | - | - | - | - |
| Unity First Home Buyer special | - | - | 4.69 | - | - | - | - | - | - |
| Westpac Special | - | 5.99 | 5.49 | 5.29 | 5.29 | 5.39 | 5.39 | 5.39 | - |
| Median | 6.99 | 5.97 | 5.44 | 5.39 | 5.29 | 5.49 | 5.79 | 5.89 | 6.80 |
Last updated: 14 March 2025 5:56pm
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.
Link for Australian visitors: http://www.hsbc.com.au/1/2/personal/home-loans/interest-rates
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.
