Competitive rates
You can choose from our great range of fixed rate terms to suit your plans – anywhere from six months to five years.
Repayment certainty
You can relax knowing that your mortgage repayments won't change during your selected term.
A structure to suit you
You can split your loan so that you can have a portion on fixed, as well as a portion on floating and revolving credit - whatever works for you best.
5.19%p.a.
1 YEAR FIXED RATE
Additional rates and terms available.
5.49%p.a.
2 YEAR FIXED RATE
Additional rates and terms available.
5.69%p.a.
FLOATING RATE
Additional rates and terms available.
Benefits:
- Allows you to lock in an interest rate for a period avoiding any increases in interest rates in that time.
- Flexibility to make extra repayments up to 5%* of your loan balance, when the fixed rate period started, without any early repayment recovery charges.
Things to know:
- You could consider splitting your home loan across multiple loans or a combination of loan types. For example having a combination of fixed rate home loan and floating rate or revolving credit mortgage.
Our home lending specialists are here to assist you in determining the structure and terms that will work best for you.
Find out more about tailoring the structure of your home loan
- If interest rates drop, you’re locked into a higher rate until the end of your fixed term - unless you exit the fixed term early and pay any early repayment fees.
- If things change and you want to repay your loan before the end of the fixed rate period or make a lump sum payment of more than 5%*, early repayment fees may apply.
Extra repayments on a fixed rate home loan
You can make extra repayments each year of your fixed term, of up to 5% of the balance. *Extra repayments can be made by either increasing your regular payment or by making a lump sum repayment of $1,000 or more. Where you want to make extra repayments of more than 5%, early repayment recovery charges may apply.
Other important information
- If you’ve got a deposit of less than 20%, talk to us. You may be eligible for low equity lending .
- We work closely with mortgage brokers throughout the country. If you are already working with a broker, you can ask them to include The Co‑operative Bank as a potential lender.
- We offer Loan Protection Insurance which is designed to provide peace of mind if the unexpected happens.
Get started
*For existing fixed rate home loans we will use the loan balance at the time the loan was fixed.
For all home loans, The Co‑operative Bank's lending and insurance criteria, fees, interest rates, terms and conditions apply and are subject to change.
Rates apply to loans approved for owner occupied lending with a minimum of 20% equity. Please see Interest Rates for full details including our standard rates and low equity premiums which may apply. If a home loan is greater than 80% of the property's value, a low equity interest rate premium will apply and the revolving credit mortgage will not be available.
Owner occupied lending is: *Where there is a minimum 20% equity in the property, and the individual seeking the loan intends to occupy the property; or *Kāinga Ora First Home Loan.
For fixed home loans - If you repay your home loan before the fixed term is finished, you may be charged early repayment fees – see The Co‑operative Bank Early Repayment Formula. See Interest rates and Fees for full details.