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From 1 December 2021 the laws around lending money to consumers in New Zealand have changed and it may take you longer when you borrow. The NZ Banking Association has put together this really helpful explanation about what you can expect and how this industry change may affect you.


What will your repayments be?

Use the calculator below to get an estimate of how much your repayments could be. If you have a specific loan amount or loan term in mind, you can type this into the calculator.

*This Calculator is an estimate of repayments only, not an offer of finance by TSB. The calculated figure doesn’t take into account your personal financial situation or goals. Full lending criteria, contract terms, interest rates and fees apply. Interest rates can change at any time without notification.


  • Interest rates explained

    Interested in interest rates? 

    Fixed – Your interest rate won’t change or be affected by the market

    With a fixed rate your interest is decided from the start, and stays the same for the time you choose – from 6 months to 5 years. If you’re looking for a way to budget this is a great option, 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 per calendar year without penalty. 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 with our Online Banking*.


    Floating/Variable – Your interest rate will move with the market

    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.


    Combine Fixed and Floating/Variable for the best of both worlds

    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.

  • Don’t forget to read this bit

    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.