Product
Provider
Rate
Fee
Repayment calculator
NZ$
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Enter property value and deposit to see repayments.
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 ≥ 25% | 4.69% |
Higher deposit = lower LVR = better rate
About Special Fixed 1 Year
Westpac's Special Fixed 1 Year rate is one of their flagship mortgage products, typically offering a significant discount over their standard 1-year rate. Combined with Westpac's cashback incentive, it's one of the strongest offers in the New Zealand market.
To qualify for special rates, borrowers typically need to meet minimum equity or loan size requirements. The 1-year term is New Zealand's most popular, and Westpac prices this aggressively to attract new business. A strong choice for first-home buyers and refinancers.