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% | 5.29% | NZ$2,884 | NZ$518,368 | NZ$1,038,368 |
| Deposit 5% – 9% | 5.29% | NZ$2,884 | NZ$518,368 | NZ$1,038,368 |
| Deposit 10% – 14% | 5.29% | NZ$2,884 | NZ$518,368 | NZ$1,038,368 |
| Deposit 15% – 19% | 5.29% | NZ$2,884 | NZ$518,368 | NZ$1,038,368 |
| 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% | 5.29% |
| Deposit 5% – 9% | 5.29% |
| Deposit 10% – 14% | 5.29% |
| Deposit 15% – 19% | 5.29% |
| Deposit 20% – 24% | 4.49% |
| Deposit ≥ 25% | 4.49% |
Higher deposit = lower LVR = better rate
About Fixed 1 Year
TSB's 1-year fixed rate is often among the most competitive in the market. As a regionally-rooted bank that has grown nationally, TSB tends to price aggressively on popular terms to attract new customers — making this a strong option for rate-conscious borrowers.
The 1-year term is New Zealand's most popular, and TSB's offering frequently matches or undercuts the Big Four banks. TSB is also RBNZ-registered and covered by the deposit guarantee scheme, providing the same regulatory protections as the major banks.