Home Loan Interest Rates

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Interest rates

Competitive - we
negotiate on your behalf!

Loan term

1 to 30 years


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Compare home loan interest rates

Getting a great rate is a great start on the path to financial well-being. If you would like to understand more about what is happening with mortgage interest rates and what that could potentially mean for you, talk to one of our experienced Mortgage Advisers today!

Updates on home loan interest rates


The table below compares the latest home loan interest rates among various mortgage lenders. However, just keep in mind that when choosing a home loan, there is more to consider than just the interest rate.


At Max Mortgages, we work with a diverse range of lenders, including all the main banks and a broad selection of non-bank lenders, to help you find a home loan that’s right for you.



Bank Home Loan Interest Rates

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Variable 6 months 1 year 2 years 3 years 4 years 5 years
ANZ Bank 8.64% 7.25% 7.14% 6.79% 6.65%
ASB Bank 8.64% 7.24% 7.14% 6.75% 6.39% 6.39% 6.39%
BNZ Bank 8.69% 7.24% 7.14% 6.79% 6.65% 6.55% 6.55%
Co-Operative Bank 8.40% 7.24% 6.99% 6.79% 6.65% 6.55% 6.55%
Kiwibank 8.50% 7.25% 6.99% 6.79% 6.65% 6.55% 6.55%
SBS Bank 8.74% 7.35% 7.14% 6.49% 6.35% 6.19% 6.19%
TSB Bank 8.64% 7.39% 6.99% 6.75% 6.65% 6.59% 6.59%
Westpac 8.64% 7.24% 7.14% 6.75% 6.39% 6.39% 6.39%


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Non-Bank Home Loan Interest Rates

Product Variable (from)
Avanti Finance Near Prime 9.15%
Basecorp Finance Standard 9.60%
Bluestone Prime <60% LVR 9.09%
CFML Loans Standard 9.45%
First Mortgage Trust Residential 8.00%
Liberty Financial Residential 8.59%
Pepper Money (Ascenteon) Essential 8.29%
Unity (Credit Union) Residential 8.64%

This table is updated regularly and is intended only as a brief comparison guide to residential loans on owner-occupied properties in New Zealand. Interest rates and conditions need to be matched to each customer’s particular situation directly with Bank requirements. At Max Mortgages, part of our service is to ensure we obtain the most competitive rate we can for each customer, based on their individual circumstances and profile.


Last updated: 5th July 2024.



What else to look out for when choosing a home loan? 


Although the interest rate is important, it is just one component of a home loan. There are other important factors you should consider, which can contribute to the cost and your budgeting plans in both the short and long term. Here are some of the key things you’ll need to consider:


Fixed vs. variable home loans 

The decision to choose between a fixed rate and a variable rate depends on a number of factors, including your expectation of interest rate movements, your income and ability to absorb changes to your mortgage repayments, and your appetite for the uncertainty. You can also consider splitting your home loan between fixed and floating rates to suit your specific needs. If you are still unsure about which option to choose, our experienced Mortgage Advisers can help assess your financial situation and structure your home loan in a way that suits your individual needs!


Loan terms

Usually, the longer your term is, the lower your monthly repayments will be. However, you will likely pay more in interest over the life of your loan. A longer-term mortgage might be better for someone who has a more limited budget or wants to save cash for other expenses. A shorter-term mortgage might make more sense if you can afford higher repayments and want to pay off your loan faster. There’s also an option to refinance to shorten or extend your loan term if your financial situation changes down the road.


Charges and fees

The interest rate alone doesn’t take into account other costs, like establishment fees, ongoing fees, and fixed rate break costs. These fees and charges can vary considerably from lender to lender and will affect the overall cost of borrowing. When comparing your home loan options, make sure you understand the features and costs of each home loan.



Great reasons to choose Max Mortgages


Lower mortgage interest rates 

If you are looking for a better rate than the one you have, we may be able to help. Dealing with a wide range of mortgage lenders across NZ, we know the interest rates and lending criteria for different lenders, and can negotiate on your behalf.


Better home loan structure

The right mortgage structure could save you thousands in interest costs and help you get mortgage-free faster! We will assist you to choose a loan structure that best suits your personal situation and needs, ensuring your long-term financial wellness.


Help from start to finish 

Providing our customers with maximum service at minimum fuss is what we do. We’re here to help you understand the many different options, assist with all the paperwork and guide you through the entire process, saving you time and stress.


Lifetime relationship

We aim to build a lifetime relationship with you and your family, and will provide ongoing advice and support whenever you need it. We will also help make sure your interest rates remain competitive and your loan structure is always right for you.


You can also sign up to our Interest Rates Newsletter to get updates on home loan interest rates and mortgage news!

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