Buying guide
Interest rates
Current home loan rates on offer in New Zealand
| Lender | Loan name | Variable % | 6 months % | 1 year % | 18 months % | 2 years % | 3 years % | 4 years % | 5 years % | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kiwibank | Kiwibank | Special - requires 20% equity | Special - requires 20% equity | 6.15 | 6.15 | 5.05 | 5.05 | 4.75 | 4.75 | - | - | 4.79 | 4.79 | 5.05 | 5.05 | 5.39 | 5.39 | 5.59 | 5.59 |
| Standard | Standard | - | - | 5.95 | 5.95 | 5.65 | 5.65 | - | - | 5.69 | 5.69 | 5.85 | 5.85 | 6.19 | 6.19 | 6.39 | 6.39 | ||
| ANZ | ANZ | Special - requires 20% equity | Special - requires 20% equity | 6.29 | 6.29 | 4.99 | 4.99 | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 | 4.99 | 4.99 | ||||
| Standard | Standard | - | - | 5.59 | 5.59 | 5.35 | 5.35 | 5.35 | 5.35 | 5.35 | 5.35 | 5.59 | 5.59 | 5.59 | 5.59 | 5.59 | 5.59 | ||
| Westpac | Westpac | Choices Special - requires 20% equity | Choices Special - requires 20% equity | 6.39 | 6.39 | 5.09 | 5.09 | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 | 4.95 | 4.95 | 5.09 | 5.09 | 5.39 | 5.39 |
| Choices Standard | Choices Standard | - | - | 5.69 | 5.69 | 5.35 | 5.35 | 5.35 | 5.35 | 5.35 | 5.35 | 5.55 | 5.55 | 5.69 | 5.69 | 5.99 | 5.99 | ||
| ASB | ASB | Standard - requires 20% equity | Standard - requires 20% equity | 6.39 | 6.39 | 5.04 | 5.04 | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 | 4.99 | 4.99 | 5.29 | 5.29 | 5.49 | 5.49 |
| BNZ | BNZ | Standard | Standard | 6.29 | 6.29 | 4.99 | 4.99 | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 | 4.95 | 4.95 | 5.09 | 5.09 | 5.39 | 5.39 |
| TSB | TSB | Special - requires 20% equity | Special - requires 20% equity | 6.24 | 6.24 | 5.09 | 5.09 | 4.75 | 4.75 | 4.99 | 4.99 | 4.75 | 4.75 | 4.99 | 4.99 | 5.39 | 5.39 | 5.49 | 5.49 |
| Standard | Standard | 5.89 | 5.89 | 5.55 | 5.55 | 5.79 | 5.79 | 5.55 | 5.55 | 5.55 | 5.55 | 5.79 | 5.79 | 6.19 | 6.19 | 6.29 | 6.29 | ||
| Co-operative bank | Co-operative bank | Special - requires 20% equity | Special - requires 20% equity | 5.70 | 5.70 | 4.99 | 4.99 | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 | 4.99 | 4.99 | 5.39 | 5.39 | 5.49 | 5.49 |
| Standard - less than 20% equity & investment | Standard - less than 20% equity & investment | 5.70 | 5.70 | 5.49 | 5.49 | 5.25 | 5.25 | 5.25 | 5.25 | 5.25 | 5.25 | 5.49 | 5.49 | 5.89 | 5.89 | 5.99 | 5.99 | ||
| SBS Bank | SBS Bank | Special - requires 20% equity (5% for FHBs) | Special - requires 20% equity (5% for FHBs) | 6.29 | 6.29 | 5.09 | 5.09 | 4.75 | 4.75 | 4.75 | 4.75 | 4.99 | 4.99 | 5.39 | 5.39 | 5.39 | 5.39 | 5.99 | 5.99 |
| Standard | Standard | 6.29 | 6.29 | 5.69 | 5.69 | 5.35 | 5.35 | 5.35 | 5.35 | 5.35 | 5.35 | 5.59 | 5.59 | 5.99 | 5.99 | 5.99 | 5.99 | ||
| FirstHome Combo | FirstHome Combo | 3.74 | 3.74 | 4.29 | 4.29 | ||||||||||||||
| ICBC | ICBC | Standard | Standard | 6.09 | 6.09 | 5.09 | 5.09 | 4.69 | 4.69 | 4.79 | 4.79 | 4.89 | 4.89 | 4.99 | 4.99 | 5.35 | 5.35 | 5.39 | 5.39 |
| CCB | CCB | Special (requires 20% equity) | Special (requires 20% equity) | 6.19 | 6.19 | 4.99 | 4.99 | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 | 4.95 | 4.95 | 5.99 | 5.99 | 5.99 | 5.99 |
| Standard | Standard | 6.19 | 6.19 | 5.73 | 5.73 | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 | 5.95 | 5.95 | 6.40 | 6.40 | 6.40 | 6.40 | ||
| BOC | BOC | Special (requires 20% equity) | Special (requires 20% equity) | 5.85 | 5.85 | 4.98 | 4.98 | 4.68 | 4.68 | 4.68 | 4.68 | 4.78 | 4.78 | 4.88 | 4.88 | 5.35 | 5.35 | 5.35 | 5.35 |
| Standard | Standard | 7.75 | 7.75 | 5.98 | 5.98 | 5.68 | 5.68 | 5.68 | 5.68 | 5.78 | 5.78 | 5.88 | 5.88 | 6.35 | 6.35 | 6.35 | 6.35 | ||
| Bank of India | Bank of India | Standard - requires 20% equity | Standard - requires 20% equity | 7.80 | 7.80 | 6.80 | 6.80 | 7.00 | 7.00 | - | - | 7.20 | 7.20 | - | - | - | - | - | - |
| Baroda | Baroda | Standard | Standard |
| Lender | Loan name | Variable | 6 months | 1 year | 18 months | 2 years | 3 years | 4 years | 5 years | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Simplicity | Simplicity | First home loan | First home loan | 4.55 | 4.55 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| AIA | AIA | Go Home Loan | Go Home Loan | 6.39 | 6.39 | 5.04 | 5.04 | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 | 4.99 | 4.99 | 5.29 | 5.29 | 5.49 | 5.49 |
| Paraloan | Paraloan | (For people with physical disabilities) | (For people with physical disabilities) | 4.0 | 4.0 | - | - | - | - | - | - | - | - | - | - | ||||
| Unity Credit union | Unity Credit union | Special - requires 20% equity | Special - requires 20% equity | 6.39 | 6.39 | 5.14 | 5.14 | 4.79 | 4.79 | 4.79 | 4.79 | 4.89 | 4.89 | - | - | - | - | - | - |
| Standard | Standard | 6.39 | 6.39 | 5.94 | 5.94 | 5.59 | 5.59 | 5.59 | 5.59 | 5.69 | 5.69 | - | - | - | - | - | - | ||
| First Home Buyer Special | First Home Buyer Special | - | - | - | - | 3.99 | 3.99 | - | - | - | - | - | - | - | - | - | - | ||
| First Credit Union | First Credit Union | Floating | Floating | 6.69 | 6.69 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Special - requires 20% equity | Special - requires 20% equity | - | - | - | - | 4.95 | 4.95 | - | - | 4.95 | 4.95 | - | - | - | - | - | - | ||
| Standard | Standard | - | - | - | - | 5.55 | 5.55 | - | - | 5.55 | 5.55 | - | - | - | - | - | - | ||
| Police Credit Union | Police Credit Union | Standard - requires 20% equity | Standard - requires 20% equity | 5.79 | 5.79 | 5.05 | 5.05 | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 | 4.75 | - | - | - | - | - | - |
| Heretaunga Building Society | Heretaunga Building Society | Standard | Standard | 7.25 | 7.25 | - | - | 5.70 | 5.70 | - | - | 5.70 | 5.70 | - | - | - | - | - | - |
| Nelson Building Society | Nelson Building Society | Standard | Standard | 6.79 | 6.79 | 5.24 | 5.24 | 4.89 | 4.89 | - | - | 4.87 | 4.87 | - | - | - | - | - | - |
| Wairarapa Building society | Wairarapa Building society | Standard | Standard | 6.49 | 6.49 | 4.99 | 4.99 | 4.99 | 4.99 | 4.99 | 4.99 | 4.95 | 4.95 | - | - | - | - | - | - |
| Liberty | Liberty | Prime <75% LVR | Prime <75% LVR | 6.49 | 6.49 | - | - | 6.39 | 6.39 | - | - | 6.09 | 6.09 | 6.04 | 6.04 | - | - | - | - |
| Pepper Money | Pepper Money | Standard | Standard | 6.09 | 6.09 | - | - | - | - | - | - | 5.94 | 5.94 | 6.04 | 6.04 | - | - | - | - |
| Resimac | Resimac | Standard - requires 20% equity | Standard - requires 20% equity | 6.45 | 6.45 | - | - | 5.39 | 5.39 | - | - | 5.45 | 5.45 | 5.59 | 5.59 | 5.75 | 5.75 | 5.89 | 5.89 |
| Standard - less than 20% equity | Standard - less than 20% equity | 7.45 | 7.45 | - | - | 6.39 | 6.39 | - | - | 6.45 | 6.45 | 6.59 | 6.59 | 6.75 | 6.75 | 6.89 | 6.89 | ||
| Avanti Finance | Avanti Finance | Near Prime First Mortgage | Near Prime First Mortgage | 6.80 | 6.80 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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