Mortgage Rates

See current term deposit rates

Compare the latest NZ mortgage interest rates with our up-to-date mortgage rates table. 

We track the interest rates on offer from all the major banks in New Zealand, including ANZ, BNZ, ASB, Westpac and Kiwibank, as well as interest rates from smaller banks like Heartland, SBS and TSB

Loan terms from floating up to five years in length are shown. Above-average interest rates are in red, below-average are in blue. 

Special mortgage rates typically require a minimum of 20% equity. FHB stands for first home buyer. All interest rates are updated as soon as possible after changes are announced by the lenders.  

Updated Oct 9 2024
Type Floating 6 months 1 year 18 months 2 years 3 years 4 years 5 years
ANZ Special 6.75% 6.19% 5.89% 5.69% 5.69%
ANZ Standard 8.39% 7.35% 6.79% 6.49% 6.29% 6.29% 6.19% 6.19%
ASB Special 7.89% 6.75% 6.19% 5.89% 5.69% 5.69% 5.69% 5.69%
Bank of China Special 7.49% 6.75% 6.25% 5.95% 5.75% 5.75% 5.65% 5.65%
Bank of China Standard 9.39% 7.75% 7.25% 6.95% 6.75% 6.75% 6.65% 6.65%
BNZ Special 6.75% 6.19% 5.89% 5.75% 5.75% 5.65% 5.65%
BNZ Standard 7.94% 6.75% 6.19% 5.89% 5.79% 5.79% 5.69% 5.69%
Co-operative Special 8.15% 6.75% 6.19% 5.99% 5.75% 5.69% 5.69% 5.69%
Co-operative Special (FHB) 5.99%
Co-operative Standard 8.15% 7.25% 6.69% 6.49% 6.25% 6.19% 6.19% 6.19%
Heartland Special 7.99% 6.19% 5.89% 5.69% 5.69%
Kiwibank Special 7.75% 7.75% 7.19% 5.79% 5.79% 5.69% 5.69%
Kiwibank Standard 7.75% 6.85% 6.29% 6.69% 6.59% 6.49% 6.49%
SBS Special 6.75% 6.35% 5.89% 5.69% 5.69% 5.69% 5.69%
SBS Standard 8.49% 7.35% 6.95% 6.49% 6.29% 6.29% 6.29% 6.29%
Simplicity FHB (members) 6.40%
TSB Special 8.39% 6.85% 6.29% 6.09% 5.79% 5.79% 5.69% 5.69%
TSB Standard 9.19% 7.65% 7.09% 6.89% 6.59% 6.59% 6.49% 6.49%
Westpac Special 6.85% 6.29% 5.99% 5.79% 5.79% 5.69% 5.69%
Westpac Standard 8.39% 7.45% 6.89% 6.59% 6.39% 6.39% 6.29% 6.29%

* Although every effort is taken to ensure interest rates on this page are up-to-date, actual rates on offer may differ. Confirm rates with the lender. If you spot an error or omission let us know by contacting [email protected].