Product
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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% | 5.19% |
Higher deposit = lower LVR = better rate
About Special Fixed 2 Year
Westpac's Special Fixed 2 Year rate is their discounted medium-term offering for qualifying borrowers. It provides two years of rate certainty at a lower rate than the standard fixed tier — one of the best-value 2-year propositions available from the major banks.
The special rate, combined with Westpac's cashback, makes this particularly attractive for first-home buyers and those refinancing from another bank. Two years of stability at a discounted rate is a compelling combination for budget-conscious borrowers.