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.
Kiwibank Home Loan repayment example
Indicative repayment scenarios. Always confirm the exact cost of credit on the lender's website before you apply.
| Amount | Fee | Total payment | Term |
|---|---|---|---|
| $80 000 | $18 448 | $98 448 | 10 years |
| $180 000 | $41 508 | $221 508 | 10 years |
| $480 000 | $171 272 | $651 272 | 15 years |
How to apply for Kiwibank Home Loan
- Apply Online
- Check your loan
- Following approval
Kiwibank Home Loan eligibility requirements
- Be over 18 years of age
- Be a citizen or permanent resident of New Zealand
About Kiwibank Home Loan
Kiwibank Home Loan is operated by Kiwibank Limited. Registered location: Level 9/20 Customhouse Quay, Wellington 6011. New Zealand lenders are expected to operate under the Credit Contracts and Consumer Finance Act (CCCFA) responsible-lending rules — always read the full loan terms before signing.
✓ 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.