This page tracks advertised mortgage rates published by New Zealand lenders. The summary cards show the lowest advertised rates in the current view, but they are market signals rather than personal loan offers. Special rates usually depend on equity, income, product eligibility, lending criteria and fees.
This is the quick answer view: use these toggles to narrow the market, or jump straight to the single sharpest advertised rate we can see right now.
Current rates compare today’s advertised lender rates by product and term. We group lenders so the main banks, local banks and societies, international banks and non-bank lenders can be read separately. Restricted products such as green loans, top-ups, first-home specials and some highly conditional bank specials are shown separately and excluded from lowest-rate badges where possible.
The full comparison table below shows every captured offer in the current view, including products that are more specialised or heavily conditional.
| Institution | Product | Variable floating |
6 months |
1 year |
18 months |
2 years |
3 years |
4 years |
5 years |
|---|---|---|---|---|---|---|---|---|---|
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Rates are indicative advertised rates only and can change without notice. Lending criteria, fees, low-equity margins and provider conditions may apply. Restricted or purpose-specific products are shown separately and excluded from lowest-rate badges. Hover or click a rate to review its source context.
This is Nectar's own history. Each point shows the lowest comparable advertised rate we captured at the 8pm daily close for the term and rate type you selected. It is a market snapshot, not a personalised offer or approval.
Each line is one lender. For the term and rate type selected above, the line shows that lender's lowest comparable advertised rate on each day we have stored. It helps show whether a lender is consistently sharp, temporarily leading, or moving with the market.
Choose a benchmark series to see what the chart represents.
OCR means Official Cash Rate. The Reserve Bank sets it, and in simple terms it is the overnight rate banks use with the RBNZ, including what banks pay when borrowing from the Reserve Bank. Banks use it as a major signal when pricing loans and deposits. It is not a mortgage rate. Mortgage rates are usually higher because lenders add funding costs, risk, operating costs and margin.
This chart shows the gap between the selected RBNZ mortgage benchmark and the OCR. If it says 2.94%, the benchmark mortgage rate was 2.94 percentage points higher than the OCR at that point in time. A larger gap means mortgage rates were further above the OCR; a smaller gap means they were closer to it.