Product
Provider
Rate
Fee
Repayment calculator
NZ$
%
Monthly repayment
NZ$3,081
NZ$589,154total interest
NZ$1,109,154total repaid
| Deposit tier | Rate | Monthly | Total interest | Total repaid |
|---|---|---|---|---|
| Deposit < 5% | 6.59% | NZ$3,318 | NZ$674,333 | NZ$1,194,333 |
| Deposit 5% – 9% | 6.59% | NZ$3,318 | NZ$674,333 | NZ$1,194,333 |
| Deposit 10% – 14% | 6.59% | NZ$3,318 | NZ$674,333 | NZ$1,194,333 |
| Deposit 15% – 19% | 6.59% | NZ$3,318 | NZ$674,333 | NZ$1,194,333 |
| Deposit 20% – 24%your tier | 5.89% | NZ$3,081 | NZ$589,154 | NZ$1,109,154 |
| Deposit ≥ 25% | 5.89% | NZ$3,081 | NZ$589,154 | NZ$1,109,154 |
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% | 6.59% |
| Deposit 5% – 9% | 6.59% |
| Deposit 10% – 14% | 6.59% |
| Deposit 15% – 19% | 6.59% |
| Deposit 20% – 24% | 5.89% |
| Deposit ≥ 25% | 5.89% |
Higher deposit = lower LVR = better rate
About Fixed 4 Year
Kiwibank's 4-year fixed rate offers extended certainty for those who want longer-term stability. It suits borrowers who are settled in their property and confident they won't need to break the loan within four years.
The 4-year term commands a higher rate than shorter fixes, but it eliminates rate risk over a substantial period. Kiwibank's New Zealand ownership and expanding digital services add to the appeal for borrowers who value banking locally.