Product
Provider
Rate
Fee
Repayment calculator
NZ$
%
Monthly repayment
NZ$3,015
NZ$565,324total interest
NZ$1,085,324total repaid
| Deposit tier | Rate | Monthly | Total interest | Total repaid |
|---|---|---|---|---|
| Deposit < 5% | 6.49% | NZ$3,283 | NZ$662,000 | NZ$1,182,000 |
| Deposit 5% – 9% | 6.49% | NZ$3,283 | NZ$662,000 | NZ$1,182,000 |
| Deposit 10% – 14% | 6.49% | NZ$3,283 | NZ$662,000 | NZ$1,182,000 |
| Deposit 15% – 19% | 6.49% | NZ$3,283 | NZ$662,000 | NZ$1,182,000 |
| Deposit 20% – 24%your tier | 5.69% | NZ$3,015 | NZ$565,324 | NZ$1,085,324 |
| Deposit ≥ 25% | 5.69% | NZ$3,015 | NZ$565,324 | NZ$1,085,324 |
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% | 6.49% |
| Deposit 5% – 9% | 6.49% |
| Deposit 10% – 14% | 6.49% |
| Deposit 15% – 19% | 6.49% |
| Deposit 20% – 24% | 5.69% |
| Deposit ≥ 25% | 5.69% |
Higher deposit = lower LVR = better rate
About Fixed 5 Year
TSB's 5-year fixed mortgage provides the longest period of rate certainty available, locking your repayments for five full years. It suits the most stability-focused borrowers who want absolute certainty in their budgeting.
TSB's 5-year rate is typically competitive with or below the Big Four banks on this term. As with all long-term fixes, the risk is overpaying if rates fall — but the reward is complete peace of mind in a rising-rate environment.