Mortgage rates
Compare current mortgage rates in New Zealand
Advertised home loan rates by lender and term, read directly from our shared rate table and refreshed automatically. Sorted by the 2 year rate, lowest first.
In summary
This page lists the current advertised home loan interest rates from New Zealand banks and our panel lenders, across 1, 2 and 3 year fixed terms and floating. Rates are sorted by the 2 year rate, lowest first, and refresh automatically. Advertised rates are a starting point only — the rate you can access depends on your own circumstances.
Rates last refreshed 14 September 2026 at 12:30 am.
| Lender | 1 year | 2 year | 3 year | Floating |
|---|---|---|---|---|
| SBS Bank | 4.49% | 5.09% | 5.29% | 3.54% |
| UnityMoney | 4.15% | 5.29% | — | 6.04% |
| Co-operative Bank | 4.89% | 5.35% | 5.59% | 5.69% |
| Kiwibank | 4.95% | 5.39% | 5.49% | 6.25% |
| AIA | 4.99% | 5.45% | 5.45% | 6.29% |
| ASB | 4.99% | 5.45% | 1.00% | 6.29% |
| BNZ | 4.99% | 5.45% | 1.00% | 6.34% |
| Westpac | 4.99% | 5.45% | 5.39% | 6.39% |
| ANZ | 4.99% | 5.49% | 1.00% | 6.29% |
| TSB Bank | 4.99% | 5.49% | 5.69% | 6.04% |
| Liberty Financial | 6.15% | 5.95% | 5.90% | 6.24% |
| CFML Loans | — | — | — | 4.20% |
| First Mortgage Trust | — | — | — | 7.15% |
| Pepper Money | — | — | — | 6.54% |
Advertised rates are indicative, can change at any time and are not an offer of finance. The rate you can access depends on your own circumstances and a full lender assessment.
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Start your mortgage reviewFrequently asked questions
- Are these the rates I would actually get?
- Advertised rates are the published starting point. The rate available to you depends on your equity, income and lender assessment, and lenders often price below their advertised rate for stronger applications.
- How often do New Zealand mortgage rates change?
- Lenders can change rates at any time, and often do within days of an Official Cash Rate announcement or a move in wholesale swap rates.
- Should I fix or float my mortgage?
- Fixing gives certainty of repayments for a set term; floating gives flexibility to repay lump sums. Many New Zealand borrowers split their loan across both, which an adviser can size for your situation.
- Is this financial advice?
- No. Everything on this site is indicative, general information only. Figures are estimates based on the details you provide and publicly available or supplied rate information, and are not guaranteed. If you need advice, speak with an appropriately licensed financial adviser.
- Will anyone contact me?
- Only if you ask us to. At the end of the calculator you choose whether you would like a mortgage adviser to get in touch, or whether we simply keep your details and let you know later if your position is worth revisiting.