48 Months Fixed 

A 48-month fixed rate home loan, or four-year home loan, offers you the ability to lock in the rate a bank has offered for that period. Once locked in, your home loan repayments in NZ will stay the same for 48 months.

Then, once your fixed rate period ends, you can check out the current floating rates, or opt for another fixed rate term. A mortgage broker can walk you through all available options.

When a 48-month fixed home loan rate may suit your goals or needs 

• You are conscious of your budget and prefer a set of repayments that stay the same for an extended period.

• You’re a borrower who is not interested in re-fixing or reviewing your loans within a short period of time.

• You are aware that this fixed rate term is not typically taken just for the term alone. The rate offered for this product would generally determine its suitability.

• You are a property investor who is looking for a long term option, dependent on the competitiveness of the rate.

48 MONTH FIXED RATES 

Check out the table below to find out what banks are offering as their special and standard 48-month fixed rates.

You will note that we have used the term "advertised". In most cases, we can get the banks to offer lower rates. What’s more, if you are a new borrower, you may even qualify for cash!

48 MONTH HOME LOAN FIX RATES

BANK...........................SPECIAL RATE*

ANZ......................................................................%

ASB................................................................3.99%

BNZ CLASSIC.................................................3.99%

THE CO-OPERATIVE BANK..............................3.99%

SBS BANK......................................................3.95%

WESTPAC BANK.............................................3.99%

Last updated Monday 18 October 2021, 12.48pm

*Special Rates come with terms and conditions. e.g available for owner occupied home loans with at least 20% equity/ deposit and in some cases apply to First Home Loan customers with up to 5% deposit.

Disclaimer  

Every possible effort has been made to keep the information in this table as accurate as possible. However, neither the publishers of Mortgage Field nor anyone engaged to compile this table accept any liability for inaccuracies or any loss suffered as a result.

It is strongly advised that readers check loan details with the respective banks.

The examples shown above are only a guide and so we strongly recommend you contact us to ensure that this rate is fit for purpose.