Current home loan rates

Term Special Rate (Minimum 20% deposit) Standard Rate (Less than 20% deposit)
Term 6 months Special Rate
(Minimum 20% deposit)		 4.89% p.a. Standard Rate
(Less than 20% deposit)		 5.69% p.a.
Term 1 year Special Rate
(Minimum 20% deposit)		 5.19% p.a. Standard Rate
(Less than 20% deposit)		 5.99% p.a.
Term 18 months Special Rate
(Minimum 20% deposit)		 5.45% p.a. Standard Rate
(Less than 20% deposit)		 6.25% p.a.
Term 2 years Special Rate
(Minimum 20% deposit)		 5.39% p.a. Standard Rate
(Less than 20% deposit)		 6.19% p.a.
Term 3 years Special Rate
(Minimum 20% deposit)		 5.69% p.a. Standard Rate
(Less than 20% deposit)		 6.49% p.a.
Term 4 years Special Rate
(Minimum 20% deposit)		 5.89% p.a. Standard Rate
(Less than 20% deposit)		 6.69% p.a.
Term 5 years Special Rate
(Minimum 20% deposit)		 5.99% p.a. Standard Rate
(Less than 20% deposit)		 6.79% p.a.
Term Variable Special Rate
(Minimum 20% deposit)		 6.29% p.a. Standard Rate
(Less than 20% deposit)		 7.09% p.a.
Term Revolving credit Special Rate
(Minimum 20% deposit)		 6.39% p.a. Standard Rate
(Less than 20% deposit)		 -

Home loan rates effective 30 September 2026. All interest rates are subject to change. Standard lending terms and conditions apply. A minimum deposit of 20% is required for home lending with a special interest rate. Residential loans with less than a 20% deposit are subject to availability of funds. An Early Repayment fee may apply on fixed rate loans. 

Different lending criteria applies for residential investment, business, commercial and rural loans.
Variable and revolving rates move with the market. The revolving rate only applies to revolving loans. For all bridging loans, interest rates are 1% p.a. above our advertised variable home loan rates.

Understanding your interest rate options

Your interest rate won't change or be affected by the market.

  • Your interest is fixed from the start and stays the same for the term you choose – for example from 6 months to 5 years.
  • This option may make budgeting easier, because your payments will stay the same over the fixed rate term you’ve chosen. 
  • You can have multiple loans, with different terms, rates, and payment frequencies.
  • Keep in mind that if you decide to break a fixed term early, you may need to pay an Early Repayment fee. A minimum payment amount may apply1.
  • If your rate is up for renewal, you can easily refix through online banking or the TSB mobile app2. If you don’t refix, your interest rate will automatically move to the current variable rate at the end of the fixed rate term.

Additional or early repayments

Fees

Agreements

TSB Memorandum of Mortgage

Understanding 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 term you choose – for example from 6 months to 5 years. This option may make budgeting easier, because your repayments will stay the same over the fixed rate term you’ve chosen. Plus, you’ll be able to make extra payments up to $10,000 per calendar year without having to pay an Early Repayment fee. A minimum payment amount may apply1. If you’re looking to take out new lending with us, we can hold a fixed rate for you for up to 60 days from the date of your home loan summary. If your rate is up for renewal, you can easily re-fix through online banking or the TSB app2.

If a fixed rate applies to your home loan, unless you re-fix your interest rate you will automatically move to the applicable variable rate at the end of the fixed rate term. 

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

A floating/variable interest rate moves with the market. If the variable interest rate increases, your required payment will automatically increase if your current required payment is not enough to repay your home loan within your loan term. If interest rates decrease, your actual payments will not change unless you ask us to reduce them.

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 having to pay an Early Repayment fee. 

When your home loan is not on a fixed interest rate, the relevant variable rate will apply. 

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.

Revolving – your interest rate will move with the market

A revolving rate only applies to revolving loans and moves up and down with the current market. You can minimise interest costs by using your income and/or savings to lower your loan balance and make lump sum payments to your home loan at any time. Learn more about revolving loans.

Things you need to know

  1. If you’re unable to make your regular payments and are facing unforeseen hardship, there are options available to assist you through difficult times.
  2. Let us know straightaway if you move.
  3. If you break a fixed rate term early, or pay more than $10,000 per calendar year, you may need to pay an Early Repayment fee.
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, we publish this on our website. We can change the minimum payment amount from time to time. You will need to pay interest up to the day you make repayment. 

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, lending terms and conditions, interest rates and fees apply.
  • When you bank with TSB you agree to our General Terms.