Current Mortgage Interest Rates
Stay informed with the latest New Zealand interest rates from leading banks and lenders. This page is updated regularly to help property investors and home buyers make informed, data-driven decisions.
Understanding Interest Rates in New Zealand
Interest rates directly influence how much you can borrow, what it costs, and how viable your property investment strategy is. Whether you're buying, refinancing, or building, even small rate changes can impact affordability and long-term returns.
We’ve created this page to give you a clear, regularly updated view of current interest rates from major New Zealand lenders. It’s part of our commitment to helping investors and home buyers make confident, informed decisions backed by real data.
Here are the latest rates:
Banks
Lenders Name | Variable Floating | 1 Year | 3 Years | 5 Years |
|---|---|---|---|---|
ANZ | 5.89% | 5.09% | 5.39% | 5.39% |
ANZ | N/A | 4.49% | 4.79% | N/A |
ASB | 5.99% | 4.49% | 4.79% | 5.15% |
BNZ | 5.99% | 4.49% | 4.79% | 4.99% |
Co-operative | 5.30% | 4.95% | 5.29% | 5.69% |
Co-operative | 5.30% | 4.45% | 4.79% | 5.19% |
Kiwibank | 5.80% | 5.39% | 5.65% | 6.19% |
Kiwibank | N/A | 4.49% | 4.85% | 5.39% |
SBS | 5.99% | 5.09% | 5.39% | 5.59% |
SBS | N/A | 4.49% | 4.79% | 4.99% |
TSB | 6.74% | 5.19% | 5.59% | 6.19% |
TSB | 5.94% | 4.39% | 4.79% | 5.39% |
Westpac | 6.09% | 5.09% | 5.35% | 5.59% |
Westpac | N/A | 4.49% | 4.75% | 4.99% |
Banks
Lenders Name | Product | Variable Floating | 6 Months | 1 Year | 2 Years | 3 Years | 4 Years | 5 Years |
|---|---|---|---|---|---|---|---|---|
ANZ | Standard | 5.89% | 5.39% | 5.09% | 5.09% | 5.39% | 5.39% | 5.39% |
ANZ | Special (Under 80% LVR) | N/A | 4.79% | 4.49% | 4.49% | 4.79% | N/A | N/A |
ASB | Standard | 5.99% | 4.85% | 4.49% | 4.49% | 4.79% | 5.09% | 5.15% |
BNZ | Standard | 5.99% | 4.79% | 4.49% | 4.49% | 4.79% | 4.99% | 4.99% |
Co-operative | Standard | 5.30% | 5.29% | 4.95% | 4.99% | 5.29% | 5.49% | 5.69% |
Co-operative | Owner Occupied | 5.30% | 4.79% | 4.45% | 4.49% | 4.79% | 4.99% | 5.19% |
Kiwibank | Standard | 5.80% | 5.65% | 5.39% | 5.39% | 5.65% | 5.99% | 6.19% |
Kiwibank | Special | N/A | 4.75% | 4.49% | 4.49% | 4.85% | 5.19% | 5.39% |
SBS | Residential | 5.99% | 5.39% | 5.09% | 5.09% | 5.39% | 5.59% | 5.59% |
SBS | Special | N/A | 4.79% | 4.49% | 4.49% | 4.79% | 4.99% | 4.99% |
TSB | Standard | 6.74% | 5.59% | 5.19% | 5.29% | 5.59% | 5.89% | 6.19% |
TSB | Special (Under 80% LVR) | 5.94% | 4.79% | 4.39% | 4.49% | 4.79% | 5.09% | 5.39% |
Westpac | Standard | 6.09% | 5.49% | 5.09% | 5.05% | 5.35% | 5.59% | 5.59% |
Westpac | Special (Under 80% LVR) | N/A | 4.89% | 4.49% | 4.45% | 4.75% | 4.99% | 4.99% |
Updated regularly with the latest available rates
Non-Bank Lenders
Lenders Name | Product | Variable Floating | 6 Months | 1 Year | 2 Years | 3 Years | 4 Years | 5 Years |
|---|---|---|---|---|---|---|---|---|
NBS | Residential | 6.59% | 5.09% | 4.59% | 4.59% | N/A | N/A | N/A
|
Sovereign | Special | 8.74% | 7.29% | 7.24% | 6.75% | 6.65% | 6.55% | 6.39% |
Unity | Special | 6.39% | 4.99% | 4.49% | 4.65% | N/A | N/A | N/A |
WBS | Special | 6.15% | N/A | 4.59% | 4.59% | N/A | N/A | N/A |
Updated regularly with the latest available rates
Updated regularly with the latest available rates
ANZ
5.39%
6 Month
Standard
5.89%
Floating
5.09%
1 Year
5.09%
2 Years
5.39%
3 Years
5.39%
4 Years
5.39%
5 Years
ANZ
4.79%
6 Month
Special (Under 80% LVR)
N/A
Floating
4.49%
1 Year
4.49%
2 Years
4.79%
3 Years
N/A
4 Years
N/A
5 Years
ASB
4.85%
6 Month
Standard
5.99%
Floating
4.49%
1 Year
4.49%
2 Years
4.79%
3 Years
5.09%
4 Years
5.15%
5 Years
BNZ
4.79%
6 Month
Standard
5.99%
Floating
4.49%
1 Year
4.49%
2 Years
4.79%
3 Years
4.99%
4 Years
4.99%
5 Years
Co-operative
5.29%
6 Month
Standard
5.30%
Floating
4.95%
1 Year
4.99%
2 Years
5.29%
3 Years
5.49%
4 Years
5.69%
5 Years
Co-operative
4.79%
6 Month
Owner Occupied
5.30%
Floating
4.45%
1 Year
4.49%
2 Years
4.79%
3 Years
4.99%
4 Years
5.19%
5 Years
Kiwibank
5.65%
6 Month
Standard
5.80%
Floating
5.39%
1 Year
5.39%
2 Years
5.65%
3 Years
5.99%
4 Years
6.19%
5 Years
Kiwibank
4.75%
6 Month
Special
N/A
Floating
4.49%
1 Year
4.49%
2 Years
4.85%
3 Years
5.19%
4 Years
5.39%
5 Years
SBS
5.39%
6 Month
Residential
5.99%
Floating
5.09%
1 Year
5.09%
2 Years
5.39%
3 Years
5.59%
4 Years
5.59%
5 Years
SBS
4.79%
6 Month
Special
N/A
Floating
4.49%
1 Year
4.49%
2 Years
4.79%
3 Years
4.99%
4 Years
4.99%
5 Years
TSB
5.59%
6 Month
Standard
6.74%
Floating
5.19%
1 Year
5.29%
2 Years
5.59%
3 Years
5.89%
4 Years
6.19%
5 Years
TSB
4.79%
6 Month
Special (Under 80% LVR)
5.94%
Floating
4.39%
1 Year
4.49%
2 Years
4.79%
3 Years
5.09%
4 Years
5.39%
5 Years
Westpac
5.49%
6 Month
Standard
6.09%
Floating
5.09%
1 Year
5.05%
2 Years
5.35%
3 Years
5.59%
4 Years
5.59%
5 Years
Westpac
4.89%
6 Month
Special (Under 80% LVR)
N/A
Floating
4.49%
1 Year
4.45%
2 Years
4.75%
3 Years
4.99%
4 Years
4.99%
5 Years
Non-Bank Leanders
NBS
Residential
6.59%
5.09%
4.59%
4.59%
N/A
N/A
N/A
Floating
6 Month
1 Year
2 Years
3 Years
4 Years
5 Years
Sovereign
Special
8.74%
7.29%
7.24%
6.75%
6.65%
6.39%
6.55%
Floating
6 Month
1 Year
2 Years
3 Years
4 Years
5 Years
Unity
Special
6.39%
4.99%
4.49%
4.65%
N/A
N/A
N/A
Floating
6 Month
1 Year
2 Years
3 Years
4 Years
5 Years
WBS
Special
6.15%
N/A
4.59%
4.59%
N/A
N/A
N/A
Floating
6 Month
1 Year
2 Years
3 Years
4 Years
5 Years
Interest Rate Insights and Strategy
Learn how the Official Cash Rate influences mortgage costs and shapes New Zealand’s property investment landscape.
Discover smart strategies to manage rate volatility and protect your investment cash flow over time.
Explore how to find opportunity and value in a rising rate environment with confidence and clarity.
At Thrive we take a strategic approach to evidence-based property investment. With a view to helping you build wealth using our expert knowledge and market research to structure your portfolio in a way that gives you a superior outcome than merely buying and holding a few houses.