Product
Provider
Rate
Fee
Repayment calculator
NZ$
%
Monthly repayment
NZ$2,681
NZ$445,272total interest
NZ$965,272total repaid
| Deposit tier | Rate | Monthly | Total interest | Total repaid |
|---|---|---|---|---|
| Deposit < 5% | 5.55% | NZ$2,969 | NZ$548,781 | NZ$1,068,781 |
| Deposit 5% – 9% | 5.55% | NZ$2,969 | NZ$548,781 | NZ$1,068,781 |
| Deposit 10% – 14% | 5.55% | NZ$2,969 | NZ$548,781 | NZ$1,068,781 |
| Deposit 15% – 19% | 5.55% | NZ$2,969 | NZ$548,781 | NZ$1,068,781 |
| Deposit 20% – 24%your tier | 4.65% | NZ$2,681 | NZ$445,272 | NZ$965,272 |
| Deposit ≥ 25% | 4.65% | NZ$2,681 | NZ$445,272 | NZ$965,272 |
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% | 5.55% |
| Deposit 5% – 9% | 5.55% |
| Deposit 10% – 14% | 5.55% |
| Deposit 15% – 19% | 5.55% |
| Deposit 20% – 24% | 4.65% |
| Deposit ≥ 25% | 4.65% |
Higher deposit = lower LVR = better rate
About Fixed 1 Year
Kiwibank's 1-year fixed rate is a core offering from New Zealand's locally-owned bank. It's competitively priced and suits first-home buyers or existing homeowners who want the most popular fixed term backed by a bank with a strong Kiwi identity.
Kiwibank has been expanding its mortgage market share and often matches or beats the Big Four on short-term rates. The 1-year term gives you annual flexibility to reassess. As a PostShop-based bank, accessibility is broad across New Zealand.