6 MONTHS FIXED

A 6 month fixed rate home loan lets you lock in the rate offered for that period. Your loan repayments will then remain the same for 6 months from when this is processed by the bank.

When the 6 month fix rate period ends, you can choose the floating rate offered or another fix rate term. A mortgage broker in Invercargill, Gore, or further up the country can walk you through the available rate options.

WHY CHOOSE A 6 MONTH FIXED RATE FOR YOUR HOME LOAN

• You are expecting to pay off this loan in the near future and don't want to incur penalty fees. An example of this would be if you were completing renovations to the house and were planning on placing it on the market after 6 months. A 6-month fixed home loan might be lower than the current floating home loan rate in NZ.

• You are waiting to see what the home loan market will do in respect to fixed rates. You might be anticipating a rate reduction in the next six months.

• You have more than one loan, and another you have is coming off its fixed rate in 6 months. You may wish to renegotiate or restructure your loans as one.

6 MONTH FIXED RATES

Here you can compare the advertised home loan rates available against the banks listed below.

You will note we have used the term "advertised". That's because, in most cases we can get the banks to offer lower rates. What’s more, for new lending, you may also qualify for cash, too!

Why not get in touch with a mortgage broker in Southland to see if a 6 month fixed rate might be right for you?

6 MONTH HOME LOAN FIX RATES

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

ANZ................................................................3.55%

ASB................................................................3.55%

BNZ CLASSIC.................................................3.55%

THE CO-OPERATIVE BANK.............................2.85%

SBS BANK......................................................2.89%

WESTPAC BANK.............................................3.55%

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 we strongly recommend you contact us to ensure that this rate is fit for purpose.