With a Kiwibank Home Loan, we'll help you get mortgage free quicker.
This is all part of an overall deal that won't be beaten by the big banks for at least the first six years of your loan, and that's guaranteed*. Or we'll beat the difference.
Check out our tips on how to get mortgage free quicker.
Our competitive interest rates are just one of the ways we can help you save money and get mortgage free quicker. Our variable rate home loans have generally been lower than the average of the big banks' standard variable rates since Kiwibank started.
Check out the graph below to see how much 0.50% p.a. can save you, both in the length of your loan and the total amount you end up paying.
This example is based on a standard variable $300,000 loan, with repayments of $1,000 a fortnight. In this example, an interest rate of 6.50% p.a. instead of 7% p.a. would save you around $58,000 in interest and cut around 2 years off your loan.
| Colour: | Interest Rate: | Interest and fees paid: |
|---|---|---|
 |
6.50% p.a. | $255,211 |
 |
7.00% p.a. | $313,183 |
 |
7.50% p.a. | $396,184 |
Source: Based on calculations taken from www.interest.co.nz/calculator
It's our job to help you get free of your loan as quickly as you can, and our home loan specialists are here to help you do just that. They can come to you at a time and place that suits you, you can go to them at many Kiwibank locations, or you can go through everything with them over the phone. They'll work with you to make sure you get the right loan and repayment plan for your particular circumstances.
And we're here for the long term, so if you face a few changes along the way, we'll keep things flexible for you — now, or whenever you need us. We've got a dedicated relationship team you can speak to anytime you need a hand.
If you're ready to switch your home loan to us, we'll help with all the hard work. We'll help close your old accounts and set up your new ones, and help redirect all your existing direct debits, bill payments, automatic payments — whatever you need. And our free refinancing package** could save you up to $1,200.
*Kiwibank Home Loans are guaranteed to save you money on the overall cost of your home loan over the first six years compared with any equivalent home loan from any other bank with branches nationwide. Or we'll beat the difference. The guarantee does not apply to Adaptor - low documentation home loans.
**The refinancing package is free if your loan is over $50,000, less than 80% of the current market value of the residential properties provided as security, transferred to Kiwibank without changing who owns the properties and secured by no more than two securities, if the refinancing documentation is not signed under a power of attorney and if the refinancing does not form part of a series of same day transactions. If you are using an apartment, townhouse or leasehold property as your security, you will need to obtain (and pay for) a registered valuation. The refinancing package is not available for business banking purposes.
Kiwibank's terms and conditions and lending criteria apply.
