Product
Provider
Rate
Fee
Repayment calculator
NZ$
%
Monthly repayment
NZ$3,426
NZ$633,209total interest
NZ$1,233,209total repaid
| Deposit tier | Rate | Monthly | Total interest | Total repaid |
|---|---|---|---|---|
| Deposit < 5% | 6.35% | NZ$3,733 | NZ$744,029 | NZ$1,344,029 |
| Deposit 5% – 9% | 6.35% | NZ$3,733 | NZ$744,029 | NZ$1,344,029 |
| Deposit 10% – 14% | 6.35% | NZ$3,733 | NZ$744,029 | NZ$1,344,029 |
| Deposit 15% – 19% | 6.35% | NZ$3,733 | NZ$744,029 | NZ$1,344,029 |
| Deposit 20% – 24%your tier | 5.55% | NZ$3,426 | NZ$633,209 | NZ$1,233,209 |
| Deposit ≥ 25% | 5.55% | NZ$3,426 | NZ$633,209 | NZ$1,233,209 |
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% | 6.35% |
| Deposit 5% – 9% | 6.35% |
| Deposit 10% – 14% | 6.35% |
| Deposit 15% – 19% | 6.35% |
| Deposit 20% – 24% | 5.55% |
| Deposit ≥ 25% | 5.55% |
Higher deposit = lower LVR = better rate
About Fixed 3 Year
The Kiwibank 3-year fixed rate is for borrowers who want longer rate certainty from New Zealand's own bank. It's popular with families and long-term homeowners who prefer predictable repayments without the higher premium of 4- or 5-year terms.
Kiwibank's pricing on the 3-year term is competitive, and the bank's growing digital platform makes ongoing mortgage management convenient. Three years provides meaningful protection against rate increases while keeping the rate premium manageable.