April 2009: Mortgage rates comparison

Published: 3:41PM Thursday January 29, 2009 Source: ONE News

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A comparison of home loan rates, both fixed and floating, of New Zealand's major banks (as at 4.00pm, April 30, 2009).

ASB
Variable - 6.40 % p.a.
6 Month - 5.50 % p.a. 
1year fixed-5.70 % p.a.
18 Month fixed - 6.00 % p.a.
2 year fixed - 6.25 % p.a.
3 year fixed - 6.75 % p.a.
4 year fixed 7.25 % p.a.
5 year fixed - 7.50 % p.a.

ASB website

Kiwibank
Variable - 5.99%
Revolving - 5.99%
6 month fixed - 5.79%
1 year fixed - 5.69%
2 year fixed - 6.09% *
3 year fixed - 6.85%
4 year fixed - 7.40%
5 year fixed - 7.60%
*Available for home loans where you have at least 20% equity in the value of the property provided as security

Kiwibank website

ANZ
Variable - 6.60% 
6 months fixed - 5.79% p.a.   
1 year fixed - 5.79% p.a.   
18 months fixed- 5.79% p.a.   
2 years fixed- 6.25% p.a.   
3 years fixed- 6.75% p.a.   
4 years fixed- 7.15% p.a.   
5 years fixed- 7.50% p.a.

ANZ website

National Bank

Variable - 6.45%
6 months fixed- 5.79% p.a.
1 year  fixed- 5.79% p.a.
18 months fixed- 5.79% p.a.
2 years fixed- 6.25% p.a.
3 years fixed- 6.75% p.a.
4 years fixed- 7.15% p.a.
5 years fixed- 7.50% p.a.
Tideover Interest Rate - 6.45% p.a.

National website

BNZ
Floating - 6.45%
2 year fixed - 6.25% 
5 year fixed - 7.50%

BNZ website

Westpac
Floating - 6.49%
6 month fixed - 5.39% **
1 year fixed - 5.79%
18 month fixed - 6.10%
2 year fixed - 6.35%
3 year fixed - 6.85%
4 year fixed - 7.40%
5 year fixed - 7.60%

**As of Friday May 1

Westpac website

TSB
Floating - 6.39%
6 months fixed  - 5.99 %
1 year fixed - 5.79 %
2 year fixed - 6.19 %
3 year fixed -  6.75 %
4 year fixed - 7.40 %
5 year fixed - 7.60 % 

TSB website

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