Our home loan rate options - what suits you?
A fixed or floating rate - or a combination of both? The choice is yours.

Current home loan rates

Term Special Rate (Minimum 20% deposit) Standard Rate (Less than 20% deposit)
6 Months 4.45% p.a. 5.25% p.a.
1 Year 4.34% p.a. 5.14% p.a.
18 Months 4.90% p.a. 5.70% p.a.
2 Years 4.99% p.a. 5.79% p.a.
3 Years 5.35% p.a. 6.15% p.a.
4 Years 5.55% p.a. 6.35% p.a.
5 Years 5.75% p.a. 6.55% p.a.
Housing Variable 4.79% p.a. 5.59% p.a.
Revolving Credit 4.89% p.a. -

Home loan rates effective 19 May 2022. A minimum deposit of 20% is required for home loan special interest rates and residential loans. Residential loans with less than a 20% deposit are subject to availability of funds. If the bank accepts a loan application that falls outside normal lending criteria, a risk-based premium of up to 2% may be applied. An early repayment fee may apply on fixed rate loans. All interest rates are subject to change without notification. Different lending criteria applies for residential investment, business, commercial and rural loans. Standard lending terms and conditions apply.

If you do not pay amounts when they are due, we can charge you interest on those amounts at the default interest rate, which is your interest rate + 3.00% p.a.

TSB home loan rate of 4.99% p.a. fixed for one year


Your interest rate options

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

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.

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.

Things you need to know


If you’re unable to make your regular payments and are facing unforeseen hardship, there are options available to assist you through difficult times.


Let us know straightaway if you move.


If you break a fixed rate term early, or pay more than $10,000 per calendar year, you may need to pay break costs1. Learn more.

Don't forget to read this bit

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. 

General Lending Terms and Conditions: 

  • TSB may approve residential loans with less than a 20% deposit subject to bank funding requirements. 
  • Additional margins may apply for bridging loans and borrowers with less than a 20% deposit. 
  • An early repayment fee may apply on fixed rate loans. 
  • All interest rates are subject to change without notification.  All offers can be changed or withdrawn at any time without notice.
  • Lending criteria,  lending terms and conditions, interest rates and fees apply.  
  • Take a look at our Disclosure Statement or grab a copy from your local branch
  • Use of accounts and services are subject to TSB’s General Banking Information.