Product
Provider
Rate
Fee
Repayment calculator
NZ$
%
Monthly repayment
NZ$3,081
NZ$589,154total interest
NZ$1,109,154total repaid
| Deposit tier | Rate | Monthly | Total interest | Total repaid |
|---|---|---|---|---|
| Deposit 20% – 24%your tier | 5.89% | NZ$3,081 | NZ$589,154 | NZ$1,109,154 |
| Deposit ≥ 25% | 5.89% | NZ$3,081 | NZ$589,154 | NZ$1,109,154 |
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 20% – 24% | 5.89% |
| Deposit ≥ 25% | 5.89% |
Higher deposit = lower LVR = better rate
About Revolving
TSB's Revolving Credit facility lets you use your home loan like a large overdraft. Income credits reduce the balance and interest is calculated daily, so keeping the balance low saves you money. It's well-suited to borrowers with regular income who want to accelerate their mortgage payoff.
The revolving rate is higher than fixed alternatives, so the benefits depend on how disciplined you are with spending. TSB's personal service approach means good support if you're new to revolving credit and want guidance on making it work effectively.