You've compared the rates. Now let's get your mortgage working for you.
If you've just been comparing interest rates on MortgageRates.co.nz, you're in the right place.
Let's take a closer look at your mortgage and see what might work better. We can help you secure a great rate, structure your loan to suit your situation and if you're refinancing, maybe even get some cashback from the bank.
If you'd like to talk it through, book a chat. Or if you're ready to get things moving, apply now.
All of New Zealand's latest advertised mortgage rates
Showing
With
Special Rate
Special rates are for loans with a deposit of 20% or more
| ANZ | 6 Months 5.29% | 1 Year 5.39% | 18 Months 5.79% | 2 Years 6.09% | Revolving 6.40% | Floating 5.79% |
| ANZ Special | 6 Months 4.69% | 1 Year 4.79% | 18 Months 5.19% | 2 Years 5.49% | Revolving – | Floating – |
| ASB | 6 Months 4.49% | 1 Year 4.65% | 18 Months 4.95% | 2 Years 5.25% | Revolving 5.89% | Floating 5.79% |
| BNZ | 6 Months 4.49% | 1 Year 4.65% | 18 Months 4.95% | 2 Years 5.19% | Revolving 5.94% | Floating 5.84% |
| Kiwibank | 6 Months 5.39% | 1 Year 5.65% | 18 Months – | 2 Years 6.19% | Revolving 5.75% | Floating 5.75% |
| Kiwibank Special | 6 Months 4.49% | 1 Year 4.75% | 18 Months – | 2 Years 5.29% | Revolving 5.75% | Floating – |
| Westpac | 6 Months 5.29% | 1 Year 5.39% | 18 Months 5.69% | 2 Years 5.79% | Revolving 5.99% | Floating 5.89% |
| Westpac Special | 6 Months 4.69% | 1 Year 4.79% | 18 Months 5.09% | 2 Years 5.19% | Revolving – | Floating – |
Rates sourced from MortgageRates.co.nz.
Advertised interest rates require a minimum of 20% equity and are subject to change. T&Cs apply.
See what these interest rates could mean for your mortgage
If you already have a home loan, switching to another bank could save you thousands in interest - and you might even score some cash back along the way.
Use our refinance calculator below to see how a different interest rate could change your repayments and how much interest you could save over the life of your loan.
How much could I save by refinancing?
Pop in a few details about your current mortgage and we'll estimate how much you could save by refinancing.
Unlock cash back when you switch banks
Switching banks can save you thousands. Let us do the hard work while you dream up how you’ll spend your dollars.
Find out how much cash back you could get just by switching banks. Book a chat today.
| Loan amount | Estimated cashback* |
| $300k - $400k | $2,400 - $3,600 |
| $400k - $500k | $3,200 - $4,500 |
| $500k - $600k | $4,000 - $5,400 |
| $600k - $700k | $4,800 - $6,300 |
| $700k - $800k | $5,600 - $7,200 |
| $800k - $900k | $6,400 - $8,100 |
*Cashback amount shown is indicative only, actual cash back will vary depending on individual circumstances and lender T&C's.
Want to save hundreds of thousands on your mortgage?
Find out how small changes you make now can save you a packet in the long run, helping you get rid of your mortgage faster. Our easy-to-digest guide has everything you need to know in one place.
Why choose Squirrel to get you the best rate?
Access to the best interest rates
We write about $3 billion of home loans per year which gives us negotiating power and access to better interest rates, and cash backs from the bank where possible.
More choices
We deal with more lenders than other brokers, giving you more options.
Our advisers aren't incentivised by lenders
They get paid the same no matter which lender you end up with, so their only motivation is to make you better off.
Better technology
Our online application takes less than 10 minutes, and will help us focus on what's most important to you.
Book a chat with us and let's talk about your options
Want to chat to an expert about your situation and get your questions answered? Book a spot in our diary and one of our team will give you a call at your chosen time.
More banks means more choices and a better deal.
Get moving with your application
How much can I borrow for a house?
Tell us a little about your financial situation and we'll work out how much you could borrow towards purchasing a home.
*This calculator is intended as a guide for illustrative purposes only and is not intended to provide financial advice. The results are based on the information you enter and assume that interest rates and loan terms remain constant for the duration of the loan. It does not account for fees, fluctuating interest rates, or changes to your financial situation over time. Please note that actual borrowing amount may differ and interest rates are subject to change. To talk to one of our team at Squirrel, contact us here. We recommend seeking financial advice about your situation and goals before making any financial decisions.
It pays off to get your mortgage reviewed regularly
Apart from the fact that it costs nothing to have an expert take a look at your situation and provide personalised advice, here are a few reasons why it's a good idea.
Apart from the fact that it costs nothing to have an expert take a look at your situation and provide personalised advice, here are a few reasons why it's a good idea.
Save thousands over the life of your loan
We're not talking peanuts here, you could save thousands in interest and in some cases get a cash contribution from the bank. Seems like a no-brainer.
If your lifestyle has changed, so should your mortgage
Maybe you've started a family, maybe you're heading towards retirement. Whatever life stage you're at, make sure your mortgage is structured the right way, right now.
Stay on the best interest rate
Getting just a small amount shaved off your interest rate can make a difference to your monthly payments, leaving more money in your back pocket - not to mention getting your home loan paid off quicker.
You don't necessarily have to switch banks to get a better rate
Your Squirrel mortgage adviser can often renegotiate your mortgage with your current bank, saving you the hassle of switching if you're happy where you are.
Get your mortgage right and it's the easiest money you'll make.
Our team of mortgage brokers are whizzes at perfecting a mortgage structure, and negotiating hot rates (plus hefty cash backs where possible).
Rather than putting all your eggs in one basket at one interest rate, depending on your situation we'll usually advise splitting your mortgage across different terms and rates. We stay on top of the economy and rate movement so we’ll help you make an informed decision.
Why bother getting so technical?
The devil is really in the detail. When we’re talking hundreds of thousands of dollars, a fraction of a percent change in interest or repayment rates can save you a packet. This could mean retiring to your super yacht a few years earlier than planned. If that's your thing.
Frequently asked questions relating to interest rates
Read our latest news and views on mortgage rates
Keep your finger on the pulse so you can make informed decisions.
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Don’t just take our word for it
Kelly
New Zealand
Jess was amazing from start to finish, took the entire stress out of buying our first home. Her knowledge was incredible and we feel she always went the extra mile for us
Mark
New Zealand
Matt was extremely professional, efficient and most of patient. Great follow up, simple explanations for any queries we had (and we had a few) and anything that required follow up with the bank was swiftly actioned. Really did make the process easy and a great outcome overall.
Anonymous
New Zealand
Very happy with the clear and transparent advice provided by Mayank. He was prompt and very helpful!
Ashley
New Zealand
Bianca went above and beyond to ensure that we got the best outcome for our loan. We would not hesitate in using Squirrel for any future business we required.