Understanding your interest rate options
Your interest rate can move up or down with the market.
- If rates fall, you’ll pay less interest straight away. Your repayments will stay the same unless you ask us to reduce them, which could help you pay off your loan faster.
- If rates rise, your repayments may increase to keep your loan on track within the agreed term.
- You can increase your repayments or make extra payments whenever you like, without an early repayment fee.
A revolving loan is a transactional account and home loan all in one.
- Have the flexibility to access, repay, and redraw funds anytime, up to your credit limit.
- Minimise interest by using your income and/or savings to reduce your loan balance.
- A revolving loan has its own variable interest rate which moves up and down with the market.
- Keep in mind that easy access to funds means you’ll need to budget carefully to reduce your balance over time.
- There's no maximum term, but we can ask you to repay the revolving loan at any time.
- Minimum limit: $5,000.
You can split your home loan across fixed, floating or revolving credit options, choosing how much goes into each.
- Fix part of your loan for more certainty over your repayments.
- Keep part floating so you can make extra repayments without an early repayment fee.
- Use a revolving credit portion to put spare money towards reducing the interest you pay, while still having access to it when you need it.
Your TSB home loan partner can help you find the right mix for your goals and circumstances.
Choose how often you make your repayments
Set your repayment frequency to suit your lifestyle. Depending on the type of loan you have, you could choose to make your repayments weekly, fortnightly or monthly.
Home loan rates
TSB's standard lending criteria, T&Cs, and fees apply. Min 20% deposit.
Need to buy before you sell?
A bridging loan could help you buy your next home before selling your current one. With an interest-only loan to cover the gap, you’ll have flexibility while you get ready to sell. Just keep in mind that you’ll have two loans until you sell your current home, so you'll need to make sure that you can manage both home loan repayments.
Bridging loans are subject to specific lending criteria and may involve higher costs, especially if your current home takes longer to sell. It's important to understand if a bridging loan is right for you, so talk through your options with one of our lending specialists - they can help find a solution that works best for you.
Important information
1For some methods of payment, we may set a minimum payment amount that you must pay each time you choose to repay some of your loan early. If we do set a minimum payment amount, you can find this on our home loan rates, fees and agreements page.
2There are currently some exceptions to re-fixing your loan through online banking or the TSB app. Please contact us if you can't re-fix through online banking or the app.
General Lending Terms and Conditions:
- TSB may approve residential loans with less than a 20% deposit subject to bank funding requirements.
- An early repayment fee may apply on fixed rate loans.
- All interest rates are subject to change.
- Lending criteria, terms and conditions, and fees apply.
- When you bank with TSB you agree to our General Terms.