Kiwibank Mortgage Loans

Compare Kiwibank home loan rates for May 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

  • ANZ Home Loans Find out how you can get special interest rates for your ANZ home loan when you have a 20% deposit and your salary credited to your transactional account.
  • ASB Home Loans With a lending support team available seven days a week and different repayment options, an ASB home loan is worth considering for your property purchase.
  • Westpac Home Loans With First Home Loan and Family Springboard options, Westpac has some helpful options for first time home buyers to consider.
  • SBS Bank Home Loans SBS has partnered with Kāinga Ora to provide First Home Loans for Kiwis with a low deposit, plus there are options for investors and existing homeowners.
  • Co-operative Bank Home Loans Co-operative Bank home loans cater for all kinds of circumstances. First home buyers can apply with only a 10% deposit.
  • TSB Home Loans If you have a minimum of 20% deposit, you’ll be rewarded with a special interest rate when you take out a TSB home loan.
  • HSBC Home Loans With floating, fixed, construction and home equity options, HSBC home loans are worth considering if you meet the eligibility criteria.
  • Resimac Home Loans Discover about non-bank home loan lender Resimac and its products.
  • How to use KiwiSaver to buy a home Your KiwiSaver funds are not just for retirement. Find out how you can use the KiwiSaver First-home Withdrawal to help purchase your first home.
  • Online home loans and lenders Ignoring the online home loan market can see you miss out on a range of competitive deals. Find out more about online lenders.
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