Product
Provider
Rate
Fee
Repayment calculator
NZ$
%
Monthly repayment
NZ$2,884
NZ$518,368total interest
NZ$1,038,368total repaid
| Deposit tier | Rate | Monthly | Total interest | Total repaid |
|---|---|---|---|---|
| Deposit < 5% | 5.89% | NZ$3,081 | NZ$589,154 | NZ$1,109,154 |
| Deposit 5% – 9% | 5.89% | NZ$3,081 | NZ$589,154 | NZ$1,109,154 |
| Deposit 10% – 14% | 5.89% | NZ$3,081 | NZ$589,154 | NZ$1,109,154 |
| Deposit 15% – 19% | 5.89% | NZ$3,081 | NZ$589,154 | NZ$1,109,154 |
| Deposit 20% – 24%your tier | 5.29% | NZ$2,884 | NZ$518,368 | NZ$1,038,368 |
| Deposit ≥ 25% | 5.29% | NZ$2,884 | NZ$518,368 | NZ$1,038,368 |
Estimate only. Assumes principal & interest, constant rate for full term.
Rates by deposit sizeLVR — Loan-to-Value Ratio
The percentage of the property value you're borrowing. A lower LVR means a bigger deposit and usually a better interest rate.
Example: Property NZ$800k, deposit NZ$160k → LVR = 80% (borrow 80%, own 20%).
| Deposit < 5% | 5.89% |
| Deposit 5% – 9% | 5.89% |
| Deposit 10% – 14% | 5.89% |
| Deposit 15% – 19% | 5.89% |
| Deposit 20% – 24% | 5.29% |
| Deposit ≥ 25% | 5.29% |
Higher deposit = lower LVR = better rate
About Fixed 2 Year
The ANZ Fixed 2 Year mortgage is ideal for borrowers seeking medium-term stability. Locking in for two years means fewer refixing decisions and protection against rate rises during that period — a strong choice when the rate cycle is trending upward.
ANZ is one of New Zealand's Big Four banks, so you benefit from a large branch network and well-established digital banking. The trade-off versus shorter terms is a slightly higher rate, and break fees apply if you want to repay early or switch.