Compare NZ Mortgage Rates
Track and negotiate the best interest rates with major New Zealand banks daily.
| Bank / Lender | 6 Months | 1 Year | 18 Months | 2 Years | 3 Years | 4 Years | 5 Years | Floating | Last Updated |
|---|---|---|---|---|---|---|---|---|---|
| ANZ | 4.79% | 4.99% | 5.29% | 5.35% | 5.59% | P.O.A | P.O.A | P.O.A | 29/09/2026 |
| BNZ | 4.89% | 5.19% | 5.29% | 5.35% | 5.59% | 5.65% | 5.75% | 6.34% | 20/10/2026 |
| ASB | 4.79% | 4.99% | 5.29% | 5.35% | 5.59% | 5.65% | 5.75% | 6.29% | 19/10/2026 |
| Westpac | 4.89% | 5.19% | 5.45% | 5.29% | 5.59% | 5.65% | 5.75% | 6.39% | 19/10/2026 |
| Kiwibank | 4.85% | 5.15% | Not Offered | 5.39% | 5.59% | 5.79% | 5.89% | 6.25% | 19/10/2026 |
| SBS Bank | 4.85% | 5.19% | 5.29% | 5.29% | 5.59% | 5.65% | 5.75% | P.O.A | 19/10/2026 |
| SBS Bank (First Home Buyers Only) | 4.69% | 5.04% | 07/10/2026 | ||||||
| Co-operative Bank | 4.89% | 5.19% | 5.35% | 5.49% | 5.69% | 5.89% | 5.99% | 5.69% | 24/09/2026 |
| Co-operative Bank (First Home Buyers Only) | 4.79% | 5.09% | 5.25% | 5.39% | 5.59% | 5.79% | 5.89% | 24/09/2026 | |
| China Construction Bank | 4.35% | 4.49% | 4.64% | 4.79% | 5.05% | 5.1% | 5.2% | 5.35% | 01/10/2026 |
| Bank of China | 4.58% | 4.68% | 4.83% | 5.08% | 5.18% | 5.48% | 5.68% | 5.35% | 19/10/2026 |
Disclaimer: The interest rates displayed are advertised special rates pulled from third-party market data and are subject to change without notice. Special rates generally require a minimum 20% equity/deposit and for your salary to be credited to a transactional account with the lending bank. Standard lending criteria, terms, and conditions apply. This table is for informational purposes only and does not constitute a formal offer of finance or personalized financial advice.
Compare New Zealand Mortgage Rates
Grabbing the right interest rate can literally save you tens of thousands of dollars over the life of your loan. To make things easy, we track the latest fixed and floating rates across New Zealand’s major lenders right here.
(And because the market moves fast, you'll always see exactly when each bank's rates was last updated in the 'updated' column).
It is 100% free to view and compare rates with no mandatory sign-ups, logins, or hidden data capture.
1. Getting the lay of the land
- Picking a term: Have a look across the columns (from 6 months out to 5 years). It's a great way to see how banks are pricing short-term versus long-term money right now.
- Special vs. Standard Rates: You'll notice most banks advertise a lower "Special" rate. To qualify for this discount, you usually need a 20% deposit (or equity) and to have your wages paid into a day-to-day account with them.
- Floating Rates: These sit a bit higher than fixed rates, but they give you ultimate flexibility. They're perfect if you're using an offset account, or if you want to make big lump-sum payments without getting hit with penalty fees.
2. How Advertised Rates Work in Reality
- Carded vs. Negotiated: The rates you see here are the banks' officially advertised (or "carded") rates that apply to borrowers with a 20%+ deposit. But depending on your deposit and financial setup, there can be room for us to negotiate a better deal behind the scenes.
- Why we can't show our best rates: Bank rules strictly prohibit us from publishing their discounted rates we negotiate for our clients online. The only way to unlock those unadvertised rates is to have a chat with us directly!
- Cashbacks: Banks also love to compete for your business by offering cash incentives (cashbacks) to help cover your lawyer or moving costs. We negotiate these for you, too.
Next Step: Let us do the heavy lifting
Seeing a great rate is just the starting point. Send a quick message to a Home Loan Factory adviser, and we will leverage our bank relationships to negotiate the sharpest possible rate and cashback package for your specific situation.
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