* Min 20% equity. The standard 2 year rate is 6.39%.
** Minimum 20% equity. The standard 3 year rate is 6.65% p.a.
You sign up to pay a set interest rate for a fixed amount of time.
It costs $100 each time you fix some or all of your loan, and you may have to pay a fixed rate break cost if you break the fixed term early.
You can make extra repayments of up to 5% of your total loan balance in any calendar year.
You can do this by:
If you pay off more than 5% extra, you’ll be charged a lump sum repayment fee, and potentially also a fixed rate break cost.
If you want the option to make extra repayments, you might be better to keep part of your loan on a variable rate — you can make extra repayments on this part whenever you like.
To make an extra payment or change your regular payments, call 0800 000 654, 8am to 6pm Monday to Friday.
When the fixed term is up, you can:
If you don’t do anything, the fixed part will automatically roll onto the variable interest rate when the term is up.
If you want to break a fixed rate loan before the term is up, you might have to pay a break cost. This includes:
Displayed interest rates subject to change. Kiwibank’s lending criteria, terms and conditions and fees apply.