Product
Provider
Rate
Fee
Repayment calculator
NZ$
%
Monthly repayment
NZ$3,328
NZ$598,117total interest
NZ$1,198,117total repaid
| Deposit tier | Rate | Monthly | Total interest | Total repaid |
|---|---|---|---|---|
| Deposit < 5% | 6.19% | NZ$3,671 | NZ$721,532 | NZ$1,321,532 |
| Deposit 5% – 9% | 6.19% | NZ$3,671 | NZ$721,532 | NZ$1,321,532 |
| Deposit 10% – 14% | 6.19% | NZ$3,671 | NZ$721,532 | NZ$1,321,532 |
| Deposit 15% – 19% | 6.19% | NZ$3,671 | NZ$721,532 | NZ$1,321,532 |
| Deposit 20% – 24%your tier | 5.29% | NZ$3,328 | NZ$598,117 | NZ$1,198,117 |
| Deposit ≥ 25% | 5.29% | NZ$3,328 | NZ$598,117 | NZ$1,198,117 |
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% | 6.19% |
| Deposit 5% – 9% | 6.19% |
| Deposit 10% – 14% | 6.19% |
| Deposit 15% – 19% | 6.19% |
| Deposit 20% – 24% | 5.29% |
| Deposit ≥ 25% | 5.29% |
Higher deposit = lower LVR = better rate
About Fixed 2 Year
Kiwibank's 2-year fixed mortgage provides two years of payment stability from a 100% New Zealand-owned bank. It's a natural fit for borrowers who want medium-term certainty and prefer to bank with a locally-focused institution.
Kiwibank's 2-year rate is generally competitive with the major banks. The term is long enough to smooth out short-term rate volatility while keeping you reasonably close to the next refix decision. Break fees apply if you need to repay early.