Product
Provider
Rate
Fee
Repayment calculator
NZ$
%
Monthly repayment
NZ$3,266
NZ$655,854total interest
NZ$1,175,854total repaid
| Deposit tier | Rate | Monthly | Total interest | Total repaid |
|---|---|---|---|---|
| Deposit < 5% | 7.94% | NZ$3,794 | NZ$845,785 | NZ$1,365,785 |
| Deposit 5% – 9% | 7.69% | NZ$3,704 | NZ$813,370 | NZ$1,333,370 |
| Deposit 10% – 14% | 6.94% | NZ$3,439 | NZ$717,912 | NZ$1,237,912 |
| Deposit 15% – 19%your tier | 6.44% | NZ$3,266 | NZ$655,854 | NZ$1,175,854 |
| Deposit ≥ 25% | 6.19% | NZ$3,181 | NZ$625,327 | NZ$1,145,327 |
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% | 7.94% |
| Deposit 5% – 9% | 7.69% |
| Deposit 10% – 14% | 6.94% |
| Deposit 15% – 19% | 6.44% |
| Deposit ≥ 25% | 6.19% |
Higher deposit = lower LVR = better rate
About Fixed 5 Year
Westpac's standard 5-year fixed rate is the longest certainty option on standard pricing. Five years of unchanging repayments at a set rate — for borrowers who want to eliminate all rate guesswork regardless of cost.
This is Westpac's highest-rate fixed product in the standard tier. It suits borrowers who can't tolerate any payment variability and prefer to pay a premium for complete stability. Westpac's cashback helps offset the higher rate.