Product
Provider
Rate
Fee
Repayment calculator
NZ$
%
Monthly repayment
NZ$2,820
NZ$495,252total interest
NZ$1,015,252total repaid
| Deposit tier | Rate | Monthly | Total interest | Total repaid |
|---|---|---|---|---|
| Deposit < 5% | 5.89% | NZ$3,081 | NZ$589,154 | NZ$1,109,154 |
| Deposit 5% – 9% | 5.89% | NZ$3,081 | NZ$589,154 | NZ$1,109,154 |
| Deposit 10% – 14% | 5.89% | NZ$3,081 | NZ$589,154 | NZ$1,109,154 |
| Deposit 15% – 19% | 5.89% | NZ$3,081 | NZ$589,154 | NZ$1,109,154 |
| Deposit 20% – 24%your tier | 5.09% | NZ$2,820 | NZ$495,252 | NZ$1,015,252 |
| Deposit ≥ 25% | 5.09% | NZ$2,820 | NZ$495,252 | NZ$1,015,252 |
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% | 5.89% |
| Deposit 5% – 9% | 5.89% |
| Deposit 10% – 14% | 5.89% |
| Deposit 15% – 19% | 5.89% |
| Deposit 20% – 24% | 5.09% |
| Deposit ≥ 25% | 5.09% |
Higher deposit = lower LVR = better rate
About Fixed 2 Year
TSB's 2-year fixed mortgage provides solid medium-term stability from a bank with deep community roots. It's a natural choice for homeowners who want two years of predictable repayments without the higher rate premium of longer fixed terms.
TSB has a reputation for straightforward, customer-friendly service. The 2-year term is long enough to provide genuine rate protection while keeping you relatively close to your next refix decision. It's competitive with the major banks and often provides better personal service.