Sometimes we’ll have special offers on new home loans where we may offer you a cash contribution. This page sets out the terms and conditions of any cash contribution we may offer you.
If you’re given a cash contribution, it’s given on the condition you maintain your banking relationship with us for the next four years, as agreed at the date we pay the cash contribution to you.
Your banking relationship is made up of:
After we pay the cash contribution to you, if we decide that your banking relationship has significantly changed (for example, you stop having your income direct credited into a Kiwibank account or you refinance your lending to another lender), we can require you to repay some or all of the cash contribution.
The amount we’ll claim back is calculated on a pro-rated basis based on how long it’s been since we paid you the cash contribution: