Compare Kiwibank home loan interest rates, plus take a look at our fees and limits. Find out about our standard and optional fees, and if you can make extra repayments on your fixed-term home loan.
1Specials are also available for First Home Loan customers.
2For all bridging loans, the interest rate will be 1% above Kiwibank's variable interest rate.
A default interest rate, which is your current interest rate plus 5% p.a. may be charged on each amount that is either overdue or over the limit of your home loan component or portion.
Demand fee |
When we demand payment of all amounts outstanding under your home loan because you are in default.
When we pay local authority rates that are due on security provided for your home loan.
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Discharge of security fee |
When you ask us to fully discharge your mortgage or security.
When you ask us to partially discharge your mortgage or security.
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Fixed rate break costs |
Prior to the end of the current fixed term, when you ask to:
The amount of the costs varies depending on the current interest rates and how long the fixed term has left to run. The way we calculate fixed rate break costs is described in Kiwibank’s Home Loan Terms and Conditions. |
Loan restructure fee |
When you ask us to change your existing home loan and/or security by:
$30 per change. |
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When you ask us to change your existing home loan and/or security by:
$135 per change. |
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Where we’re changing multiple existing components, the fee applies per changed component. Note: The following changes aren’t charged a fee:
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Lump sum repayment administration fee |
When you make additional payments on your fixed component which exceed our early repayment limit of 5%.
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Settlement statement fee |
When you ask us to prepare a settlement statement. This fee doesn’t apply if the loan balance is zero.
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Top up fee |
When you ask us for new lending on a new component on an existing home loan, or you are increasing (topping up) an existing component.
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First Home Loan – Lenders Mortgage Insurance |
For those enrolled in the Government's First Home Loan programme. As well as our standard home loan fees and costs, a lenders mortgage insurance fee is payable to Kāinga Ora. This fee reimburses Kiwibank for the Lenders Mortgage Insurance Premium Kāinga Ora charges to insure each First Home Loan.
This amount can be added to the loan. |
Demand fee |
When we demand payment of all amounts outstanding under your home loan because you are in default.
When we pay local authority rates that are due on security provided for your home loan.
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|---|---|
Discharge of security fee |
When you ask us to fully discharge your mortgage or security.
When you ask us to partially discharge your mortgage or security.
|
Fixed rate break costs |
Prior to the end of the current fixed term, when you ask to:
The amount of the costs varies depending on the current interest rates and how long the fixed term has left to run. The way we calculate fixed rate break costs is described in Kiwibank’s Home Loan Terms and Conditions. |
Loan restructure fee |
When you ask us to change your existing home loan and/or security by:
$30 per change. |
|
When you ask us to change your existing home loan and/or security by:
$135 per change. |
|
|
Where we’re changing multiple existing components, the fee applies per changed component. Note: The following changes aren’t charged a fee:
|
|
Lump sum repayment administration fee |
When you make additional payments on your fixed component which exceed our early repayment limit of 5%.
|
Settlement statement fee |
When you ask us to prepare a settlement statement. This fee doesn’t apply if the loan balance is zero.
|
Top up fee |
When you ask us for new lending on a new component on an existing home loan, or you are increasing (topping up) an existing component.
|
First Home Loan – Lenders Mortgage Insurance |
For those enrolled in the Government's First Home Loan programme. As well as our standard home loan fees and costs, a lenders mortgage insurance fee is payable to Kāinga Ora. This fee reimburses Kiwibank for the Lenders Mortgage Insurance Premium Kāinga Ora charges to insure each First Home Loan.
This amount can be added to the loan. |
Consent fee |
When your solicitor requests our consent to one of the following: Registrations affecting land titles such as depositing of a unit plan, easement, encumbrance, covenant, subdivision or cross lease (where no new mortgage required), variation of a lease; Priorities work including changes to a Memorandum of Priority, Deeds of Priority and/or Subordination; and other consent related activity of a similar nature.
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Courier costs |
When you ask us to deliver documents to you by courier either within New Zealand or overseas. |
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Fixed rate lock option fee |
When you ask us for a fixed rate lock option. The amount of the fee may vary depending on the amount you want to lock in and how long you want to lock it in for. The amount of the fee will be set out in the Fixed Rate Lock Option Agreement. |
Investigation fee |
When you ask us to investigate something about your home loan that does not relate to the usual day to day operation of your home loan.
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Refinancing package fee |
When you choose to use our Refinancing Package, you will be using Kiwibank’s legal transfer service instead of using your own solicitor. To qualify for the Refinancing Package free of charge, you will need to meet certain criteria:
Note: Your existing lender may charge break costs or discharge fees and these aren’t covered as part of the Refinancing Package. If you do not meet the above criteria, you may still be able to use our Refinancing Package to refinance to Kiwibank, however you will need to pay a Refinancing Package fee. This fee reflects the legal and other services carried out by Kiwibank agents. The Refinancing Package fee is calculated as follows:
If you want to refinance to Kiwibank without choosing to use our Refinancing Package, you will need to use your own solicitor. Your solicitor’s fees will not be covered by Kiwibank. |
An early repayment limit applies to all home loans with a fixed term interest rate.
You can make extra payments of up to 5% of your original loan amount each year, either through increased repayments or lump sum payments. If your extra payments go over this 5% limit, you could face fixed rate break costs.
On the 10th of October 2017, you place a loan with a balance of $100,000 on a fixed interest rate for two years. Each year you would like to pay a lump sum off your fixed term loan without incurring lump sum repayment fees or fixed rate break costs.
In the year 10/10/2017 – 09/10/2018, you are able to pay a lump sum of $5,000 (5% of $100,000 – the amounts owing on the fixed component at the start date of the fixed term); and
In the year 10/10/2018 – 09/10/2019, you are able to pay a further lump sum of $5000 (5% of $100,000).
On the 10th of October 2017, you place a loan with a balance of $120,000 on a fixed interest rate for two years.
You realise you are in a position to make a repayment higher than the minimum repayment of $2,000 per month. You may increase your repayment for the fixed term up to $2,500 per month. This is made up of the minimum repayment of $2,000 plus 5% of the amounts owing on the fixed component divided by 12 months ($2,000 + (5% × $120,000 / 12)).
Kiwibank’s lending criteria, terms and conditions, and fees apply.
Displayed interest rates subject to change.
Fees effective from 17 December 2018. Fees subject to change.