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Five major banks write 94% of mortgages in New Zealand, which makes them our 'big five'.

The Big 5 Lenders

Lender
1 Year
2 Years
3 Years
2.60%
2.99%
3.40%
2.85%
3.25%
3.55%
2.55%
2.95%
3.25%
2.65%
2.89%
3.49%
2.85%
3.25%
3.49%

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Featured News

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10 September 2021

Strong growth is a key factor driving higher interest rates

The bounceback in economic activity in New Zealand since the first nationwide lockdown last year has been so strong that the unemp...

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"Expect delays" traffic sign
26 August 2021

Rate rises delayed but with upside risk

Borrowers could reasonably expect higher rates at their peaks, but not necessarily a faster speed of increase. Our central bank ha...

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Piggy bank with coins on table
13 August 2021

Mortgage rates are going up

On Wednesday 18 August the Reserve Bank will review the record low 0.25% official cash rate set in place back in March 2020 when w...

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