Product
Provider
Rate
Fee
Repayment calculator
NZ$
%
Monthly repayment
NZ$3,198
NZ$631,405total interest
NZ$1,151,405total repaid
| Deposit tier | Rate | Monthly | Total interest | Total repaid |
|---|---|---|---|---|
| Deposit < 5% | 7.74% | NZ$3,722 | NZ$819,830 | NZ$1,339,830 |
| Deposit 5% – 9% | 7.49% | NZ$3,632 | NZ$787,648 | NZ$1,307,648 |
| Deposit 10% – 14% | 6.74% | NZ$3,369 | NZ$692,932 | NZ$1,212,932 |
| Deposit 15% – 19%your tier | 6.24% | NZ$3,198 | NZ$631,405 | NZ$1,151,405 |
| Deposit ≥ 25% | 5.99% | NZ$3,114 | NZ$601,155 | NZ$1,121,155 |
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% | 7.74% |
| Deposit 5% – 9% | 7.49% |
| Deposit 10% – 14% | 6.74% |
| Deposit 15% – 19% | 6.24% |
| Deposit ≥ 25% | 5.99% |
Higher deposit = lower LVR = better rate
About Choices Everyday Revolving
Westpac's Choices Everyday Revolving is a flexible mortgage facility that works like a large overdraft. Your salary and other income reduce the balance, and interest is calculated daily on the remaining amount — rewarding borrowers who keep the balance as low as possible.
This product suits disciplined borrowers who want to accelerate their mortgage payoff by channelling all income through the facility. The rate is higher than fixed options, so the savings depend on your spending habits. Westpac's cashback and digital tools help you track and manage the facility effectively.