Product
Provider
Rate
Fee
Repayment calculator
NZ$
%
Monthly repayment
NZ$2,901
NZ$524,185total interest
NZ$1,044,185total repaid
| Deposit tier | Rate | Monthly | Total interest | Total repaid |
|---|---|---|---|---|
| Deposit < 5% | 6.84% | NZ$3,404 | NZ$705,396 | NZ$1,225,396 |
| Deposit 5% – 9% | 6.59% | NZ$3,318 | NZ$674,333 | NZ$1,194,333 |
| Deposit 10% – 14% | 5.84% | NZ$3,064 | NZ$583,175 | NZ$1,103,175 |
| Deposit 15% – 19%your tier | 5.34% | NZ$2,901 | NZ$524,185 | NZ$1,044,185 |
| Deposit ≥ 25% | 5.09% | NZ$2,820 | NZ$495,252 | NZ$1,015,252 |
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% | 6.84% |
| Deposit 5% – 9% | 6.59% |
| Deposit 10% – 14% | 5.84% |
| Deposit 15% – 19% | 5.34% |
| Deposit ≥ 25% | 5.09% |
Higher deposit = lower LVR = better rate
About Fixed 6 Month
Westpac's standard Fixed 6 Month rate is available to all borrowers and provides short-term rate certainty. It's priced higher than the Special rate, making it the fallback option for those who don't meet the special tier criteria.
Even at the standard rate, Westpac's cashback incentive applies, and the 6-month term gives you frequent opportunities to switch to a special rate if you become eligible. Westpac's strong digital banking makes managing your mortgage straightforward.