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 Fixed 4 Year
Westpac's standard 4-year fixed rate offers extended certainty for borrowers on standard pricing. Four years of fixed repayments eliminates rate worry over a meaningful period, suited to those with a long-term property outlook.
The rate is higher than shorter terms and the special tier, so this product is for borrowers who genuinely need the certainty. Break fees can be substantial over four years, so be confident in your plans before committing.