Product
Provider
Rate
Fee
Repayment calculator
NZ$
%
Monthly repayment
NZ$2,632
NZ$427,403total interest
NZ$947,403total repaid
| Deposit tier | Rate | Monthly | Total interest | Total repaid |
|---|---|---|---|---|
| Deposit < 5% | 5.39% | NZ$2,917 | NZ$530,017 | NZ$1,050,017 |
| Deposit 5% – 9% | 5.39% | NZ$2,917 | NZ$530,017 | NZ$1,050,017 |
| Deposit 10% – 14% | 5.39% | NZ$2,917 | NZ$530,017 | NZ$1,050,017 |
| Deposit 15% – 19% | 5.39% | NZ$2,917 | NZ$530,017 | NZ$1,050,017 |
| Deposit 20% – 24%your tier | 4.49% | NZ$2,632 | NZ$427,403 | NZ$947,403 |
| Deposit ≥ 25% | 4.49% | NZ$2,632 | NZ$427,403 | NZ$947,403 |
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% | 5.39% |
| Deposit 5% – 9% | 5.39% |
| Deposit 10% – 14% | 5.39% |
| Deposit 15% – 19% | 5.39% |
| Deposit 20% – 24% | 4.49% |
| Deposit ≥ 25% | 4.49% |
Higher deposit = lower LVR = better rate
About Fixed 6 Month
Kiwibank's 6-month fixed mortgage offers short-term rate certainty from New Zealand's locally-owned bank. It's a popular choice for borrowers who want to fix briefly and retain the option to re-evaluate as economic conditions evolve.
As a government-owned bank, Kiwibank appeals to borrowers who prefer keeping their banking within New Zealand. The 6-month term is ideal when you're expecting rates to change and want maximum strategic flexibility at each rollover.