Live edition
Current NZ home loan rates
Carded rates from every major NZ home loan lender. These are the public-facing rates banks advertise — your broker will negotiate sharper.
NZ Bank Rates
● Live · advertised carded rates · 25 April 2026
% per annum
| Lender | Floating | 6 mo | 1 yr | 2 yr | 3 yr | 5 yr |
|---|---|---|---|---|---|---|
| ANZ NZ | 8.39 | 6.59 | 5.79 | 5.59 | 5.69 | 5.99 |
| ASB Bank | 8.39 | 6.55 | 5.75 | 5.55 | 5.65 | 5.95 |
| BNZ | 8.44 | 6.59 | 5.79 | 5.59 | 5.69 | — |
| Westpac NZ | 8.39 | 6.59 | 5.79 | 5.59 | 5.69 | 5.99 |
| Kiwibank | 8.50 | 6.65 | 5.79 | 5.59 | 5.69 | — |
| The Co-operative Bank | 8.40 | 6.59 | 5.75 | 5.55 | 5.69 | 5.95 |
| SBS Bank | 8.34 | 6.49 | 5.69▼ | 5.49 | 5.59 | 5.85 |
| Heartland Bank | 8.45 | 6.65 | 5.85 | 5.65 | 5.75 | — |
Carded (advertised) rates only. Banks frequently negotiate sharper rates than these — usually 0.20–0.40% lower for borrowers with strong applications. A broker will tell you what's actually achievable.
Reading the table
What "carded rate" means
Banks publish carded rates publicly so they can be advertised. They are the *worst* rate you'd typically pay — actual approval rates run 0.20–0.40% below carded for borrowers with strong applications, and brokers know exactly which bank is negotiating hardest in any given week.
What carded rate doesn't show
The cashback layer
Each major NZ bank also offers cashback to new mortgage business — typically NZ$1,500–4,000 depending on loan size, with a 4-year clawback if you exit early. The cashback often matters more than the rate differential when comparing offers.
Want the actual rate you'd get?
The rate a borrower is offered depends on their full application — equity position, income type, lender's appetite this month, and how the broker structures it. The broker conversation is free; the rate negotiation outcome compounds for the life of the loan.
Find a broker →