It's time to reset

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We’ve got through lockdown, now it’s time to support New Zealand’s economic recovery. We’ve reset our variable home loan rates, dropping them by 1% and taking them below 4% p.a., saving Kiwis $20m in interest over the next year.

See all home loan rates & fees

Interest rates subject to change.

Kiwibank customer already?

Thanks for backing and banking local. With the money you'll save on interest, you can choose to pay back your loan faster, save it or put it to use in other ways like buying local and supporting your fellow Kiwis.

You can choose to

  • Keep your repayments as is

    Pay off your home loan faster - no action required for this option.

  • Reduce your repayments

    You can choose to lower your repayments down to the minimum amount required.

  • Increase your repayments

    This will help pay off your home loan even faster.

Guides to help you

Structuring your home loan

Find out more

Pay off your home loan faster

Get mortgage free faster

Making changes to your home loan

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Not yet with Kiwibank?

There's no better time to join New Zealand's bank, with low home loan rates across both fixed and variable home loans. Our home loan experts are on hand to talk you through the home buying process. They can meet you at your home or a local cafe, or are available at a Kiwibank branch.

Talk to a home loan expert See our switch to Kiwibank package

Find the right home loan for you

Revolving credit

  • Our most flexible home loan, with no fixed repayment periods
  • It works like a big overdraft
  • Useful if you have irregular income or are building or renovating.
Find out more Talk to an expert

Variable rate

  • Flexibility to make extra payments whenever you like
  • You can increase your regular repayments
  • If rates fall, you'll pay less interest.
Find out more Talk to an expert

Offset mortgage

  • Use money in your everyday and savings account to 'offset' your home loan interest charges
  • Variable interest rate allows you to make extra repayments whenever you like.
Find out more Talk to an expert

Fixed rate

  • Lock in an interest rate from six months to five years
  • Budget with certainty
  • If interest rates rise during the term of your fixed loan, you won't be affected.
Find out more Talk to an expert
Compare rates & fees

Apply for Kiwibank home loan

To apply for a Kiwibank home loan you'll need to talk to one of our home loan experts. One of our Mobile Mortgage Managers can come to you, or our Banking Consultants are available in selected branches.

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Home loan calculators

How much could you spend on a house?

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How much will your repayments be

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How much could you borrow

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Business banking customers

We've also reset the rules on our variable priced business loan and overdraft rates by reducing them by 1.00% p.a. Thereby reducing the standard pricing gap between fixed and variable rates. This means you’ll now have all the flexibility of a variable rate at a significantly lower cost than ever before.

Find out more

Standard terms and conditions

The calculators should be treated as a guide only. They don't take into account all of your individual circumstances and aren't financial advice.

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