Mortgage Rates NZ
The mortgage rate is the cost of borrowing for a person, typically shown as a percentage of the total loan amount.
For example, you borrow $100,000 for one year on an interest only home loan. The interest cost for one year is $4,500. Therefore the mortgage rate, also known as the interest rate, is 4.5% = 4500 / 100,000 x 100%
Tella has compiled an extensive list of some of NZ's lenders and their home loan borrowing rates; find a link to the page in the Useful Links section below.