Canterbury: tools for living

If you’re in the red zone and you accept the offer from the government or your insurer to purchase or build elsewhere, we’ll give you 2% p.a. off our standard variable rate for a year from drawdown.

If you already have a Kiwibank Home Loan and your property’s in the red zone, you also won’t have to pay any fixed rate break costs or early repayment fees to switch your current loan to this special variable rate.

The maximum loan amount is $500,000, and you’ll need to apply by 31 December 2013. You’ll also need to have your salary direct credited to a Kiwibank account.

See our current home loan rates.

If you’re building a new house in Canterbury, we’ll give you:

• 1% p.a. off our standard variable rate for a year from drawdown, and
• 0.25% p.a. off any of our fixed rate terms.

We can also offer new house insurance policies through TOWER on a case by case basis. To be eligible, you’ll need to have a contents or vehicle insurance policy with TOWER.

If you’re feeling stuck in your current situation, we might be able to help you defer your mortgage repayments for up to two years – talk to us about a transitional loan.

See our current home loan rates.

Our home loan customers in Canterbury can also still apply for:

• a three month repayment holiday on their loans (including business banking loans)
• a $1,000 overdraft, or an increase of $1,000 on their exisiting personal overdraft or revolving credit facilities.

(Please note: interest will continue to accrue during the three month repayment holiday, and will be added to the loan principal.)

Uninsured?

We can now offer new house insurance policies through TOWER on a case by case basis. To be eligible, you’ll need to have a contents or vehicle insurance policy TOWER – call Kiwibank on 0800 222 491 to find out more.