Rating based on 53 reviews

Kiwibank Home Loan

  • Home loans up to $300,000
  • Low-interest starting from 3.49%
  • Repayment up to 7 years

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Kiwibank homepage
Author Kiwibank. Screenshot of Kiwibank website.
[Accessed March 7, 2023]

About Kiwibank

Kiwibank was launched in the year 2002 to offer their clients a speedy and flexible banking alternative.

They opened their offices in PostShops to be closer to their customers and to be available whenever they are needed. Just over a decade later, they have over 800,000 satisfied clients and this number is constantly increasing. Kiwibank has over 250 offices in PostShops as well as a vast ATM network.

Affordable home loans

Kiwibank has mostly been working with personal loans NZ and business loans and international services although they are sufficient in all the financial departments. Modern technology is deeply integrated into their customer service, therefore they can offer internet, telephone, and mobile banking plus email and text alerts as well as online and email statements. They have received various awards for value banking and innovation. Since they work towards growing their firm with their community.

Kiwibank Services

The Kiwibank home loan comes with a money-saving guarantee on the overall cost of the loan for the first 6 years.

It can be compared to a compatible product from any other bank with branches across the whole of New Zealand. If you find a better alternative, Kiwibank will beat the difference. In addition to their specially designed home loan, they offer welcome home loans which are intended for first home buyers.

Tailor-made mortgage rates NZ

You can choose a variable, capped variable, or fixed interest rate. Kiwibank offers their clients three main repayment structures which are a table, interest-only and revolving credit. You are more than welcome to work with one of their consultants to decide on the best interest rate and repayment option to fit your budget.

Kiwibank – Home loan

  • Loan Type Home loans
  • Interest Rate from 3.49%
  • Loan Amount up to $300,000
  • Repayment 6 months to 7 years

Benefits of Kiwibank

  • Quick online loan applications
  • Variable home loan rates
  • Conveniently make additional payments

Quick & easy online application; we like to make it convenient for our clients

Kiwibank in Wellington offers A welcome home loan that can get you into your first home with just 10% savings.

There are points of confinement on the amount you can gain and the amount you can obtain.

When choosing your advance, you get to choose from a list which includes;

  • an altered rate,
  • a variable rate,
  • a counterbalance contract,
  • or a combination of the above.

Kiwibank was the first New Zealand bank to offer the Welcome Home Loan, and they have been focusing on helping Kiwis into their first homes for decades.

Apply for a flexible home loan

You can apply even if your annual income is not exactly $80,000 a year (or $120,000 a year when you're purchasing a house with another person). The sum you qualify for depends on where you live since different areas qualify for different rates. Therefore you will have to live in the house you plan on purchasing since you can't utilize a Welcome home loan unless you officially own a house or are planning to buy a property.

You may need to pay a low charge which is a settled sum that is calculated by taking into account the amount of savings you have. It can be paid in advance or it can be added to your mortgage. Whichever way suits you best.

Simple loan process

Purchasing your first home can be a mind-boggling and stressful experience. Kiwibank had a process in place that will make it simpler to get your home and your loan sorted with no hassles at all! You don't need to worry about anything, for Kiwibank has got it under control.

There are 6 easy steps involved when looking for a home loan.

  1. You can talk to one of Kiwibank's home loan specialists.
  2. Apply for additional approval which will determine the amount you qualify for.
  3. Start looking for your dream home
  4. Get unconditional approval with the  assistance of Kiwibank’s consultants
  5. Finalize your home loan by completing all the necessary documentation
  6. Kiwibank will then ensure that the settlement has been completed and your dream home is yours to have and hold.

Purchasing your own home

Kiwibank looks at the positive and negative sides of purchasing versus leasing. They can therefore discuss the benefits of owning your own home with you. They have experienced staff on board to advise and assist you when making decisions.

When looking for your ideal home, you can make an offer when you see a good deal up front. This is your opportunity to grab the best deal while the offer is still available! You can discover how home advances work and which one will fit you best and apply for your loan online today.

Customer Reviews & Testimonials

Normally I would be annoyed with the fact that there aren't many branches close by, but Kiwibank's online access makes up for that. I can handle my financial affairs anywhere I'd like.

Darren B
— Dunedin —

Great range of offers, and top of the range customer service.

Paul M
— Queenstown —

Kiwibank Contact

Physical Address

Postal Address

  • Kiwibank Limited Private Bag 39888 Wellington Mail Centre, Lower Hutt, 5045, New Zealand

Opening Hours

  • not available