Home Loan Rates
Choose a competitive home loan rate
What suits you? A fixed or floating rate - or a combination of both? The choice is yours.
100% NZ owned and independent bank
Special rates apply to those with a minimum of 20% deposit. If you have less than 20% deposit, please refer to our standard rates.
With a fixed rate your interest is fixed from the start, and stays the same for the time you choose – from 6 months to 5 years. This option makes budgeting easy, since your repayments will stay the same over the time you’ve chosen. Plus, you’ll be able to make extra payments up to $10,000.00 per calendar year. If you’re looking to take out new lending with us, we can hold a fixed rate for you for up to 60 days once your loan is contracted. If your rate is up for renewal, you can easily re-fix through Online Banking1.
A floating or variable interest rate moves with the market, decreasing your repayments when interest rates are low, and increasing them when the market rates are higher. If you’re looking to pay off your home loan faster, a floating/variable rate allows you the flexibility to increase your repayments, or make extra payments without any penalties.
Want the certainty of a fixed rate with the flexibility of a floating/variable rate? Talk to us about a combination of both. You can decide what portion of your loan is fixed and floating/variable, allowing you the flexibility to reach your goals faster.
1. There are currently some exceptions to re-fixing your loan with Online Banking. Please contact us if you can’t re-fix through Online Banking.
Terms and Conditions – refer to the terms and conditions of your loan. Take a look at our Disclosure Statement or grab a copy from your local branch. TSB’s current assessment lending criteria, lending terms and conditions, interest rates and fees apply. Use of accounts and services are subject to TSB’s General Banking Information.
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