Product
Provider
Rate
Fee
Repayment calculator
NZ$
%
Monthly repayment
NZ$3,114
NZ$601,155total interest
NZ$1,121,155total repaid
| Deposit tier | Rate | Monthly | Total interest | Total repaid |
|---|---|---|---|---|
| Deposit < 5% | 6.69% | NZ$3,352 | NZ$686,719 | NZ$1,206,719 |
| Deposit 5% – 9% | 6.69% | NZ$3,352 | NZ$686,719 | NZ$1,206,719 |
| Deposit 10% – 14% | 6.69% | NZ$3,352 | NZ$686,719 | NZ$1,206,719 |
| Deposit 15% – 19% | 6.69% | NZ$3,352 | NZ$686,719 | NZ$1,206,719 |
| Deposit 20% – 24%your tier | 5.99% | NZ$3,114 | NZ$601,155 | NZ$1,121,155 |
| Deposit ≥ 25% | 5.99% | NZ$3,114 | NZ$601,155 | NZ$1,121,155 |
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% | 6.69% |
| Deposit 5% – 9% | 6.69% |
| Deposit 10% – 14% | 6.69% |
| Deposit 15% – 19% | 6.69% |
| Deposit 20% – 24% | 5.99% |
| Deposit ≥ 25% | 5.99% |
Higher deposit = lower LVR = better rate
About Fixed 5 Year
Kiwibank's 5-year fixed mortgage provides the longest rate certainty available, locking your repayments for five full years. It's designed for the most stability-focused borrowers who want complete protection from rate fluctuations.
As with all 5-year terms, the rate is the highest of Kiwibank's fixed options. It's best considered when rates are historically low and expected to rise substantially. The peace of mind comes at a cost, but for the right borrower, it's worth the premium.