# Kiwibank mortgage rates: fixed and floating home loan rates

> Kiwibank's home loan rates for all fixed terms and floating, checked on its website on 11 November 2026. The 1-year rate is 5.15%. Compare them with the other main banks.

By Jason Dark, last checked 2026-11-11. Part of [Mortgage rates](https://buyingahouse.co.nz/mortgage-rates) on Nester.

## The short version

- Kiwibank offers a 1-year fixed rate of 5.15% and a floating rate of 6.25%.
- To get Kiwibank's special rates, you need at least 20% equity or a First Home Loan.
- Kiwibank has the lowest rate among the main banks for the 3-year term.

These home loan rates are from Kiwibank's website, checked on 11 November 2026.

## Kiwibank fixed rates

- 6 months: 4.85% special, 5.75% standard
- 1 year: 5.15% special, 6.05% standard
- 2 years: 5.39% special, 6.29% standard
- 3 years: 5.59% special, 6.39% standard
- 4 years: 5.79% special, 6.49% standard
- 5 years: 5.89% special, 6.59% standard

To get the special rates, you need at least 20% equity or a First Home Loan. If you don't meet these conditions, Kiwibank charges its standard rates.

## Kiwibank floating rate

Kiwibank's floating rate is 6.25%. With a floating rate, you can pay extra or pay off the loan at any time, but it usually costs more than a fixed rate.

## Less than 20% equity

If you have less than 20% equity and no First Home Loan, Kiwibank charges its standard rates. The [First Home Loan guide](https://buyingahouse.co.nz/buying/first-home-grant) explains how to buy with a smaller deposit.

## How Kiwibank compares

- 6 months: 4.85%, 0.06 points above 4.79% at ANZ, ASB and BNZ
- 1 year: 5.15%, 0.16 points above 4.99% at ANZ, ASB and BNZ
- 2 years: 5.39%, 0.10 points above 5.29% at Westpac
- 3 years: 5.59%, the lowest, tied with ANZ, ASB, BNZ and Westpac
- 4 years: 5.79%, 0.14 points above 5.65% at ASB, BNZ and Westpac
- 5 years: 5.89%, 0.14 points above 5.75% at ASB, BNZ and Westpac

The [mortgage rates comparison](https://buyingahouse.co.nz/mortgage-rates/compare) shows each bank's rate for every term.

## Repayments at Kiwibank's 1-year rate

On a $630,000 loan over 30 years at 5.15%, the fortnightly repayment is $1,586.91. $630,000 is about the national median house price less a 20% deposit. Use the [mortgage calculator](https://buyingahouse.co.nz/tools/mortgage-repayments?rate=5.15) to see your own repayments at this rate.

## Common questions

### What are Kiwibank's mortgage rates?

Kiwibank offers a 1-year fixed rate of 5.15% and a floating rate of 6.25%. Its fixed rates range from 4.85% to 5.89%, depending on the term. These rates were checked on 11 November 2026.

### What does Kiwibank charge if I have less than a 20% deposit?

If you have less than 20% equity and no First Home Loan, Kiwibank charges its standard rates.

## Sources

- [Kiwibank: Home loan rates and fees](https://www.kiwibank.co.nz/personal-banking/home-loans/rates-and-fees/)