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Kiwibank mortgages

Find out what Kiwibank has to offer for your home loan.

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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. It 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…

  • Kiwibank home has a 2.55% p.a. one-year fixed interest rate if you have a minimum of 20% equity.

Kiwibank mortgage features

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

Kiwibank has four types of mortgage available: fixed-rate, variable-rate (also known as a floating rate), offset mortgage and revolving credit.


  • Repayments remain the same
  • Make extra payments (each year) up to 5% of your mortgage amount
  • If there’s a rise in interest rates during your fixed loan term, your mortgage is not affected
  • Lock in an interest rate for terms from six months to five years


  • Gives you the ability to pay more than your regular repayments, without penalty
  • You can make extra payments towards your mortgage whenever you wish
  • If the market changes your variable interest rate changes to reflect this.

Offset mortgage

  • You can reduce the interest you pay on your mortgage, using the money in your linked savings or everyday account
  • Allows you to make extra payments and to increase your payments, without any penalty
  • Your interest rate changes with the market

Revolving mortgage

  • There are no fixed payments, so could be helpful if you don’t have regular income
  • You can use the money in your account, within your credit limit, as and when you need to
  • Put your pay directly into the account to help save on interest
  • Variable interest rate, so interest rate changes with the market
  • May be a suitable option if you’re good at budgeting and not tempted to spend your available credit.
  • If you’re building or renovating, you may be able to save on interest. You can withdraw money as you need it, instead of taking out a loan

Need help?

Kiwibank has mortgage experts that can make the application process simple. They are available in-branch, by phone or email, and can visit you at a convenient location. Using the dropdown form online, you can choose a consultant and the method of contact, eg phone or email. If you are a current Kiwibank customer and need to discuss a mortgage issue, you can contact the home loan team on 0800 000 654.

How do I apply for a Kiwibank mortgage?

Head to Kiwibank’s website where you can fill in a home loan application form, which takes around 25 minutes to complete. Once the form is submitted, Kiwibank responds within 60 seconds with either a conditional pre-approval, subject to supporting evidence, or you are 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.


To be eligible to apply for a Kiwibank mortgage you 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 are asked to provide documentation to confirm your personal information. Be sure to have these ready to go when you apply.

  • Identification. You 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 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

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