Find the best home loan rate
The home loan section is useful if you are looking for the best home loan rate amongst the top banks and finance companies in New Zealand. Use the table below to view the latest rates offered from over 50 lenders.
The Reserve Bank says it agrees with those who say loan-to-value ratio “speed limits” are a better way of implementing restrictions than blanket rules. More on what the central bank thinks here.
The Professional Advisers Association handed out its awards on Friday night at its conference dinner in Auckland. Details of some winners, including lender of the year, can be read here.
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| Mortgage Lender | Floating | 6 mth | 1 year | 18 mth | 2 years | 3 years | 4 years | 5 years | RC |
|---|---|---|---|---|---|---|---|---|---|
| AMP Home Loans | 6.24 | 4.79 | 5.25 | - | ▼4.99 | 5.65 | 5.99 | 5.99 | 5.60 |
| AMP Home Loans $200k+ | 6.14 | 4.69 | 5.15 | - | ▼4.89 | 5.55 | 5.89 | 5.89 | 5.50 |
| ANZ | 5.74 | 5.45 | 5.19 | 5.49 | 5.45 | 5.80 | 6.10 | 6.30 | 5.85 |
| ASB Bank | 5.75 | 5.45 | 5.19 | 5.45 | 5.45 | 5.75 | 5.95 | 6.25 | 5.75 |
| BankDirect | 5.75 | 5.45 | 5.45 | 5.45 | 5.45 | 5.75 | 5.95 | 6.25 | 5.75 |
| BNZ - Classic | - | - | 4.95 | - | 5.40 | - | - | - | - |
| BNZ - GlobalPlus | 5.99 | 5.25 | 5.25 | 5.50 | 5.65 | 5.80 | 6.10 | 6.30 | - |
| BNZ - Mortgage One | 6.40 | - | - | - | - | - | - | - | 6.40 |
| BNZ - Rapid Repay | 5.99 | - | - | - | - | - | - | - | 5.99 |
| BNZ - Std, FlyBuys | 5.99 | 5.25 | 5.25 | - | 5.65 | 5.80 | 6.10 | 6.30 | - |
| BNZ - TotalMoney | 5.74 | - | - | - | - | - | - | - | - |
| Credit Union Auckland | 6.20 | - | - | - | - | - | - | - | - |
| Credit Union Baywide | 5.85 | 5.45 | 5.45 | - | 5.45 | - | - | - | - |
| Credit Union North | 6.45 | - | - | - | - | - | - | - | - |
| Credit Union South | 5.75 | - | - | - | - | - | - | - | - |
 |
6.04 | 6.55 | 6.15 | - | 6.69 | 7.19 | 7.65 | 7.90 | 6.09 |
| Fantastic Home Loans | 5.74 | 5.25 | 5.19 | 5.40 | 5.40 | 5.75 | 5.95 | - | - |
| Fidelity Life | 5.70 | - | 5.85 | - | 6.35 | - | - | - | - |
| Finance Direct | 6.10 | 6.25 | 6.45 | 6.60 | 6.69 | 7.10 | 7.45 | 7.70 | - |
| First Credit Union | 6.45 | - | - | - | - | - | - | - | - |
| General Finance | 5.95 | 6.55 | 6.25 | - | 6.50 | 7.10 | 7.65 | 7.90 | 6.09 |
| HBS Bank | 5.65 | 4.99 | 4.99 | 4.99 | 4.99 | 5.65 | - | 5.99 | 5.65 |
| Heartland | 5.95 | 6.15 | 6.25 | - | 6.50 | 7.10 | - | 7.80 | 6.25 |
| Heretaunga Building Society | 5.75 | - | 5.25 | - | 5.65 | - | - | - | - |
| Housing NZ Corp | 5.75 | - | 5.25 | - | 5.40 | 5.74 | - | 6.25 | - |
| Mortgage Lender | Floating | 6 mth | 1 year | 18 mth | 2 years | 3 years | 4 years | 5 years | RC |
| HSBC Premier | 5.99 | 5.25 | 5.05 | - | 5.25 | 5.50 | 5.75 | 5.99 | 6.35 |
| HSBC Premier Special | - | - | 4.99 | - | 4.99 | 4.99 | 5.50 | 5.75 | - |
 |
5.65 | 5.25 | ▲5.25 | - | ▼4.99 | 5.65 | 5.99 | 5.99 | 5.65 |
| Kiwibank - Capped | 5.65 | - | 6.50 | - | - | - | - | - | - |
| Kiwibank - Offset | 5.50 | - | - | - | - | - | - | - | - |
| Liberty | 5.64 | - | - | - | - | - | - | - | - |
| Napier Building Society | 5.80 | - | 6.00 | - | 6.70 | - | - | - | 5.85 |
| Nelson Building Society | 6.45 | - | 5.95 | - | 6.25 | - | - | - | - |
| NZ Home Loans | 5.85 | 5.45 | ▲5.25 | - | 5.45 | 5.75 | - | 6.25 | - |
| Perpetual Trust | 7.70 | - | - | - | - | - | - | - | 5.70 |
| RESIMAC - lo doc | 6.59 | - | 6.35 | - | 6.55 | 6.90 | 7.20 | 7.50 | - |
| RESIMAC LVR <80% | 5.59 | - | 5.35 | - | 5.55 | 5.90 | 6.20 | 6.50 | - |
| SBS Bank | 5.65 | 4.99 | 4.99 | 4.99 | 4.99 | 5.65 | - | 5.99 | 5.65 |
| Silver Fern | 5.95 | 6.00 | 6.10 | - | 6.55 | 7.05 | 7.50 | 7.80 | 6.95 |
 |
5.95 | 6.15 | 6.25 | - | 6.50 | 7.10 | - | - | - |
 |
5.85 | 5.45 | 5.19 | 5.45 | 5.45 | 5.75 | 5.95 | 6.25 | 5.79 |
| The Co-operative Bank | 5.70 | 5.35 | 4.99 | - | 5.35 | 5.75 | 5.99 | - | 5.70 |
| The Co-operative Bank Special | - | - | - | - | - | - | - | - | - |
| TSB Bank | 5.79 | 5.35 | 5.25 | 5.40 | 5.30 | 5.75 | 6.10 | 6.30 | 5.79 |
| Wairarapa Building Society | 6.20 | - | 6.70 | - | 6.95 | - | - | - | - |
 |
6.24 | 5.25 | 5.19 | 5.40 | 5.40 | 5.90 | 6.15 | 6.25 | 5.75 |
 |
- | - | 6.50 | - | - | - | - | - | - |
| Westpac LVR >80% | - | - | 5.09 | - | - | - | - | - | - |
| Median | 5.85 | 5.40 | 5.25 | 5.45 | 5.45 | 5.75 | 6.10 | 6.25 | 5.79 |
Last updated: 16 May 2013 9:06am