Kiwibank Mortgage Loans

Compare Kiwibank home loan rates for August 2020.

Updated

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On this page you can find information about Kiwibank mortgage loans. Skip ahead to the full table of products or read more about the lender.

Compare Kiwibank home loans

Name Product Product Type Interest Rate Minimum Loan Term Maximum Loan Term Breaking Costs
Kiwibank 6 month fixed home loan
Fixed
Special rate: 4.29% p.a.

Standard rate: 5.04% p.a.
1 year
30 years
Varies depending on the current interest rates and how long the fixed term has left to run.
Special interest rate are for first home loan customers.
Kiwibank 1 year fixed home loan
Fixed
Special rate: 3.39% p.a.

Standard rate: 4.14% p.a.
1 year
30 years
Varies depending on the current interest rates and how long the fixed term has left to run.
Special interest rate are for first home loan customers.
Kiwibank 2 year fixed home loan
Fixed
Special rate: 3.55% p.a

Standard rate: 4.30% p.a
1 year
30 years
Varies depending on the current interest rates and how long the fixed term has left to run.
Special interest rate are for first home loan customers.
Kiwibank 3 year fixed home loan
Fixed
Special rate: 3.89% p.a.

Standard: 4.64% p.a.
1 year
30 years
Varies depending on the current interest rates and how long the fixed term has left to run.
Special interest rate are for first home loan customers.
Kiwibank 4 year fixed home loan
Fixed
Special rate: 3.99% p.a

Standard rate: 4.74% p.a.
1 year
30 years
Varies depending on the current interest rates and how long the fixed term has left to run.
Special interest rate are for first home loan customers.
Kiwibank 5 year fixed home loan
Fixed
Special rate: 3.99% p.a.

Standard rate: 4.74% p.a.
1 year
30 years
Varies depending on the current interest rates and how long the fixed term has left to run.
Special interest rate are for first home loan customers.
Kiwibank Variable home loan
Variable
5.15% p.a.
1 year
30 years
Varies depending on the current interest rates and how long the fixed term has left to run.
Kiwibank Offset mortgage
Fixed
5.15% p.a.
1 year
30 years
Varies depending on the current interest rates and how long the fixed term has left to run.
Kiwibank Revolving credit
Fixed
5.20% p.a.
1 year
30 years
Varies depending on the current interest rates and how long the fixed term has left to run.
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Kiwibank lender profile

Made by Kiwis for Kiwis back in 2002, Kiwibank has over 200 branches nationwide and over 2,500 employees. This is a full-service bank that supports New Zealanders doing extraordinary things as well as those who are opening their first bank account or buying their first home.
With products available for both personal and business use, Kiwibank offers loans, investment opportunities, credit cards, savings accounts and insurance, with Internet banking and live chat available online.

Kiwibank’s lowest rate…

  • The Kiwibank home loan has a 3.39% p.a. fixed interest rate if you have a minimum of 20% equity. This is currently the lowest one-year rate offered by any major bank.

Kiwibank mortgage features

Kiwibank has four types of home loans available: fixed rate, variable rate, offset mortgage and revolving credit.

FeatureDetails
Deposit sizeStandard deposit is 20%, but in some cases a lower deposit is possible.
PaymentsMost Kiwibank mortgages allow you to make extra repayments whenever you want.
Revolving creditThis mortgage is suitable for people with irregular income such as self-employed.
Interest securityWith a fixed rate loan you won’t be affected if interest rates rise, and with a variable loan you’ll pay less if interest rates fall.

How do I apply for a Kiwibank mortgage?

Head to Kiwibank’s website where you can fill in a home loan application form. This will take around 25 minutes to complete. Once the form is submitted, Kiwibank will respond within 60 seconds with either a conditional pre-approval subject to supporting evidence or you will be notified that your application has been referred to a loan specialist. You should make sure that you meet the eligibility criteria and have the appropriate documentation ready to go before applying.

Eligibility

To be eligible to apply for a Kiwibank mortgage you will need to meet the following criteria:

  • Age. You must be at least 18 years of age.
  • Residency. You should be a New Zealand citizen or permanent resident.
  • Employment. You should have a regular source of income.
  • Credit history. You should have a good credit history and pass a credit check.
  • Deposit. You should have a deposit of at least 20% of the property value, but it is possible to get a Kiwibank mortgage with less.

Documents required

To support your application for your Kiwibank home loan, you will be asked to provide documentation to confirm your personal information. Be sure to have these ready to go when you apply.

  • Identification. You will need identification such as a driver’s licence or passport.
  • Proof of income documents. Recent payslips can establish your income.
  • Bank statement or utility bill. A statement or bill with your name and address from the last 12 months.
  • Asset and liability documents. You will need to show documents that give evidence of your current assets (savings accounts, vehicles, investments, other property) and liabilities (debts such as credit cards, loans and hire purchases).

Learn all about mortgages in New Zealand

Looking for more mortgage options?

Read more on this topic

  • Revolving credit mortgages If you’re looking to reduce interest charges yet have access to credit when you need it, a revolving credit mortgage is worth considering.
  • Bad credit home loans Find out how you can get your bad credit home loan application approved by a lender.
  • Low doc home loans guide Low doc home loans allow you to get a mortgage if you're self-employed to buy the home or investment of your dreams.
  • Mortgage repayment holidays If you've been struggling to pay your mortgage due to financial hardship you may be able to apply to your lender for a mortgage repayment holiday.
  • How much can I borrow calculator Get an estimate of how much you can borrow and be better prepared for your home loan search.
  • The Homestar rating explained Want to know more about the Homestar rating? We find out how it works and how you can get a Homestar rating for your home or building project.
  • How to save for a house deposit Finder's clear, helpful guide to saving up for a home loan deposit. Savings advice and finance options.
  • 5 year fixed rate home loans A competitive five year fixed rate home loan will see your repayments stay the same for a large chunk of your home loan.
  • 3 year fixed rate home loans A fixed-rate home loan can offer you stability and peace of mind. Find out if a three-year fixed rate home loan is right for you.
  • 2 year fixed rate home loans Enjoy the stability of knowing your repayments won’t change for two years.
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