Product
Provider
Rate
Fee
Repayment calculator
NZ$
%
Monthly repayment
NZ$2,917
NZ$530,017total interest
NZ$1,050,017total repaid
| Deposit tier | Rate | Monthly | Total interest | Total repaid |
|---|---|---|---|---|
| Deposit < 5% | 6.89% | NZ$3,421 | NZ$711,648 | NZ$1,231,648 |
| Deposit 5% – 9% | 6.69% | NZ$3,352 | NZ$686,719 | NZ$1,206,719 |
| Deposit 10% – 14% | 6.14% | NZ$3,165 | NZ$619,263 | NZ$1,139,263 |
| Deposit 15% – 19% | 5.69% | NZ$3,015 | NZ$565,324 | NZ$1,085,324 |
| Deposit 20% – 24%your tier | 5.39% | NZ$2,917 | NZ$530,017 | NZ$1,050,017 |
| Deposit ≥ 25% | 5.39% | NZ$2,917 | NZ$530,017 | NZ$1,050,017 |
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% | 6.89% |
| Deposit 5% – 9% | 6.69% |
| Deposit 10% – 14% | 6.14% |
| Deposit 15% – 19% | 5.69% |
| Deposit 20% – 24% | 5.39% |
| Deposit ≥ 25% | 5.39% |
Higher deposit = lower LVR = better rate
About ASB Fixed 3 Year
The ASB 3-year fixed rate suits borrowers with a longer planning horizon who want to lock out rate volatility. It's a natural fit for families settling into a home or investors looking for predictable cash flow over three years.
The rate premium over shorter terms reflects the extra certainty. ASB's service infrastructure — including in-branch, phone, and digital channels — makes it easy to manage the loan. Keep in mind that break fees can be significant if your circumstances change within the three-year window.