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Rate comparison

NZ home loan rates comparison

Looking for today's indicative floating and fixed home loan rates from the main New Zealand banks? Use this table as a quick search magnet while you prepare questions for a licensed mortgage adviser. Figures are special or advertised rates as at 1 October 2026 NZT. They are not a quote, approval, or advice. Online Home Loans connects you with a licensed NZ adviser. We do not arrange lending ourselves.

Major bank rates at a glance

As at 1 October 2026 NZT

Indicative NZ bank home loan rates as at 1 October 2026 NZT. Floating and common fixed terms for major banks.
BankFloating6 months1 year2 years3 years5 years
ANZSpecial (fixed) / standard floating6.29%4.79%4.99%5.35%5.59%n/a
ASBAdvertised6.29%4.79%4.99%5.45%5.45%5.59%
BNZAdvertised (std board)6.34%4.89%5.19%5.35%5.59%5.75%
WestpacSpecial (fixed) / standard floating6.39%4.89%5.19%5.29%5.59%5.75%
KiwibankSpecial6.25%4.85%5.15%5.39%5.59%5.89%
TSBSpecial6.29%4.89%5.19%5.39%5.69%5.99%

Indicative special / advertised rates as at 1 October 2026 NZT (verified 2 October 2026 NZT). May exclude fees, cashback, LVR and other conditions. Investor pricing can differ. Confirm with a licensed broker or the lender. Cells marked n/a were not published as a special on the source boards we checked.

Indicative special or advertised owner-occupied home loan rates compiled from public rate boards. Figures may exclude fees, cashback, LVR caps, packaging conditions, and investor pricing. Your offered rate can differ. Verify with a licensed mortgage adviser or the lender before you decide. Not financial advice.

How to use this table

  • Compare floating with common fixed terms (6 months through 5 years).
  • Treat specials as conditional. Equity, packaging, and product rules matter.
  • If a cell shows n/a, we did not find a published special for that term on the boards we checked. Prefer blank over a guess.
  • Next, run the refix vs refinance calculator or the can I refinance checklist, then talk to a broker.

Fixed rate ending soon?

When a fix is coming up, your bank's roll-over offer is one option, not the only one. Many Kiwis compare that offer with other lenders before they lock in again. Start with our lower rate guide and the blog on fixed rates ending soon. When you want a human review, start a short enquiry.

Common questions

Are these the rates I will actually get?
Not necessarily. These are indicative special or advertised rates from public boards. Your offer depends on equity (LVR), income, credit, property type, owner-occupied vs investor use, packaging, and negotiation. A licensed adviser can check what is realistic for your file.
What is the difference between special and carded rates?
Carded (standard) rates are the bank's general published rates. Special rates are usually lower but come with conditions, most often a maximum LVR (commonly around 80% LVR / 20% equity) and sometimes salary into a transaction account or a package. If you do not meet the conditions, the standard rate may apply.
What are break costs if I leave a fixed rate early?
If you repay or switch before a fixed term ends, the lender may charge a break cost based on interest-rate movements and remaining term. Ask your bank for a written quote, then have a licensed adviser net that against any new offer, fees, and cashback clawback. Online Home Loans does not calculate break fees.
Do owner-occupiers and investors get the same rates?
Not always. Some lenders price investment lending differently, and LVR rules can be tighter for investors. The table above is oriented to common owner-occupied specials. An adviser can confirm investor pricing for your situation.
Should I pick the lowest rate on this table?
Lowest headline rate is only one input. Fees, cashback and clawback, structure, service, and whether you actually qualify matter too. We do not recommend a bank. A licensed NZ mortgage adviser can compare whole-of-deal options with you.
How often will you update these rates?
We aim to refresh the dated dataset when major banks move. Always check the as-at date on this page. Banks can change rates between updates, so treat the table as a starting point, not a live quote feed.

Related tools and reading

Source boards used for this snapshot: BusinessDesk mortgage rates, The Mortgage Magazine rates board, interest.co.nz borrowing table, ANZ NZ floating rate change notice. Aggregator boards can lag bank sites by a day. Prefer a broker check before you act.

Ready for a personalised look? See your refinance options or read how it works.

See my refinance optionsRefix vs refinance calculator