Product
Provider
Rate
Fee
Repayment calculator
NZ$
%
Monthly repayment
NZ$3,131
NZ$607,177total interest
NZ$1,127,177total repaid
| Deposit tier | Rate | Monthly | Total interest | Total repaid |
|---|---|---|---|---|
| Deposit < 5% | 7.54% | NZ$3,650 | NZ$794,061 | NZ$1,314,061 |
| Deposit 5% – 9% | 7.29% | NZ$3,561 | NZ$762,117 | NZ$1,282,117 |
| Deposit 10% – 14% | 6.54% | NZ$3,300 | NZ$668,160 | NZ$1,188,160 |
| Deposit 15% – 19%your tier | 6.04% | NZ$3,131 | NZ$607,177 | NZ$1,127,177 |
| Deposit ≥ 25% | 5.79% | NZ$3,048 | NZ$577,210 | NZ$1,097,210 |
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% | 7.54% |
| Deposit 5% – 9% | 7.29% |
| Deposit 10% – 14% | 6.54% |
| Deposit 15% – 19% | 6.04% |
| Deposit ≥ 25% | 5.79% |
Higher deposit = lower LVR = better rate
About Fixed 2 Year
Westpac's standard 2-year fixed rate gives you medium-term stability on the standard pricing tier. It suits borrowers who want two years of predictable repayments and access to Westpac's full banking platform.
While the rate sits above the special tier, it remains competitive with other banks' standard offerings. Westpac's cashback applies, and the 2-year term is long enough to provide meaningful rate protection during periods of uncertainty.