Getting the right home loan

Set your mortgage up in a way that works with your finances and your lifestyle. Fixed, floating, offset, revolving – or a mixture – we’ve got home loan options to suit.

Choose from four types of home loans

  • Fixed rate home loan

    With no rate rises during your term, a fixed term home loan gives you the confidence of knowing exactly how much your regular mortgage repayments will be.

  • Offset home loan

    An offset loan can reduce the amount of interest you pay on your home loan, by using money in your everyday and savings account to ‘offset’ your home loan interest charges.

  • Variable rate home loan

    With a variable rate (also known as a floating rate), the interest you pay on your home loan can go up or down as interest rates rise and fall and you have the option to pay extra repayments whenever you like.

  • Revolving home loan

    Revolving home loans work like a big overdraft. Your loan becomes your everyday account, so money flows in and out of your loan balance as you get paid and as you spend and pay bills.

Compare home loan types Read jargon buster

Guide to home loan options

Fixed, floating, revolving and offset got you confused? We explain the differences and the benefits of the various home loan types we offer in handy videos so you can work out the best structure for you.

guide-to-home-loan-three-across

The basics of home loans

Before you learn about the different home loan options available, it’s important to understand the basics.

fixed-home-loan-three-across

Fixed rate home loan

A fixed rate home loan gives you the benefit of certainty by locking in your interest rate for a specific period of time. Your interest rate will depend on how long you can choose to “fix” the loan for.

More about fixed rate home loans

offset-home-loan-three-across

Offset home loan

Offset home loans take into account the total balance you have in your linked Kiwibank savings and everyday accounts, before calculating how much interest to charge on your home loan, saving you money on repayments.

More about offset home loans

variable-home-loan-three-across

Variable rate home loan

A variable rate home loan offers lots of flexibility. The interest rate and the payments you make can change over the term of your loan.

More about variable rate home loans

revolving-credit-home-loan-three_across

Revolving home loan

A revolving home loan is the ultimate in flexibility. It works a lot like an overdraft, but on a much larger scale. You have a credit limit which you can draw up to at any time.

More about revolving home loans

Home loan rates

Compare all rates & fees
Calculate your repayments

Interest rates are subject to change.

Let's get you into your first home

Our home loan specialists and tools can help you through the journey of buying your first home.

Talk to a specialist

Our home loan specialists can walk you through the process of buying a home and discuss what your options are.

Find a specialist

Use our calculator

Our first home buyer calculator allows you to work out how much you may be able to borrow and compare different repayment scenarios.

Calculate now

Standard terms and conditions

Displayed interest rates are subject to change. Kiwibank’s lending criteria, terms and conditions, and fees apply.

The repayment calculator should be used as a guide only. It doesn't take into account all of your individual circumstances and isn't intended as financial advice.