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.
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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.
|Deposit size||Standard deposit is 20%, but in some cases a lower deposit is possible.|
|Payments||Most Kiwibank mortgages allow you to make extra repayments when you want.|
|Revolving credit||This mortgage is suitable for people with irregular income such as self-employed.|
|Interest security||A 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.
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.
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:
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.
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