Kiwibank Home Loan – Loan Review
Amount, $10 000 - $3 000 000 ;Term, 1 - 30 years
Applying does not commit you to any agreement.
Kiwibank Home Loan
Kiwibank is New Zealand's largest locally owned bank. Home loans are available from $10,000 with no maximum cap, covering first home purchases, refinancing and investment properties. Fixed rates start from 5.75% p.a. (as of 2025), with floating rates also available. As a NZ-owned bank, profits stay in New Zealand.
Applications can be made online, via the Kiwibank app or at PostShop outlets nationwide. Pre-approval is available for buyers who need to move quickly. Approval typically takes 5-10 working days for full applications.
Kiwibank offers a KiwiSaver First Home Withdrawal feature to help first home buyers use their KiwiSaver savings as part of their deposit.
✓ Pros
- 100% NZ owned
- Available at PostShop outlets nationwide
- KiwiSaver first home withdrawal support
- No early repayment fee on floating rate
✗ Cons
- 5-10 working days for full approval
- Break fees on fixed rates
- Investment property criteria stricter
Loan Example
Example: $400,000 over 25 years at 5.75% p.a. (1-year fixed) = approx. $2,515/month.
Loan Requirements
- ✓ NZ citizen or permanent resident
- ✓ 18 years or older
- ✓ At least 5% deposit for owner-occupiers
- ✓ Verified income
- ✓ Valid NZ ID
Loan Features
- Online loans up to $3 000 000
- Term 1 - 30 years
Frequently Asked Questions
1 - 30 years after submitting your application.
The minimum amount at Kiwibank Home Loan is $10,000.
Yes, Kiwibank Home Loan offers an online application process. Visit their website to apply.