Product
Provider
Rate
Fee
Repayment calculator
NZ$
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Enter property value and deposit to see repayments.
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 ≥ 25% | 5.75% |
Higher deposit = lower LVR = better rate
About Kiwibank Variable
Kiwibank's Variable rate mortgage offers full flexibility — make extra repayments, repay in full, or switch to a fixed rate at any time without penalties. It's the most flexible option for borrowers who need to keep their options open.
The variable rate is higher than Kiwibank's fixed rates, making it best suited as a temporary arrangement or the flexible component of a split mortgage. Kiwibank's competitive variable rate relative to the Big Four banks can make it an attractive floating option.