Product
Provider
Rate
Fee
Repayment calculator
NZ$
%
Monthly repayment
NZ$3,165
NZ$619,263total interest
NZ$1,139,263total repaid
| Deposit tier | Rate | Monthly | Total interest | Total repaid |
|---|---|---|---|---|
| Deposit ≥ 5% | 7.64% | NZ$3,686 | NZ$806,922 | NZ$1,326,922 |
| Deposit ≥ 10% | 7.39% | NZ$3,597 | NZ$774,858 | NZ$1,294,858 |
| Deposit ≥ 15% | 6.64% | NZ$3,335 | NZ$680,519 | NZ$1,200,519 |
| Deposit ≥ 20%your tier | 6.14% | NZ$3,165 | NZ$619,263 | NZ$1,139,263 |
Estimate only. Assumes principal & interest, constant rate for full term.
Rates by deposit sizeLVR — Loan-to-Value Ratio
The percentage of the property value you're borrowing. A lower LVR means a bigger deposit and usually a better interest rate.
Example: Property NZ$800k, deposit NZ$160k → LVR = 80% (borrow 80%, own 20%).
| Deposit ≥ 5% | 7.64% |
| Deposit ≥ 10% | 7.39% |
| Deposit ≥ 15% | 6.64% |
| Deposit ≥ 20% | 6.14% |
Higher deposit = lower LVR = better rate
About Fixed 3 Year
Westpac's standard 3-year fixed rate provides three years of certainty on standard-tier pricing. It's designed for borrowers who want a longer fix and are comfortable with the standard rate in exchange for the stability it provides.
Three years locks out a significant amount of rate volatility. Combined with Westpac's cashback and digital mortgage management tools, this is a solid option for borrowers focused on long-term budget certainty.