Repayment calculator
NZ$
Monthly repayment
NZ$3,051
NZ$578,402total interest
NZ$1,098,402total repaid
Estimate only. Assumes principal & interest, constant rate for full term.
About Kiwibank Offset Variable
Kiwibank's Offset Variable mortgage lets you link savings accounts to reduce the interest charged on your home loan. With a 1:1 offset ratio, every dollar saved directly reduces your effective mortgage balance for interest calculations.
This product is best for borrowers who hold significant cash reserves — such as self-employed people, freelancers, or those saving for a specific purpose. The variable rate is higher than fixed options, so you need substantial linked savings to make the offset genuinely worthwhile.