Compare Home Loans

Learn about the different types of home loans you can choose from

Become mortgage free faster with a personalised home loan. Unlike a typical bank we work with you to put a personalised plan in place to help you get out of debt, reduce the amount of interest you pay and use your savings to pay off your home loan, faster. 
Track your progress online using daily updates from your home loan account.
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Comparison Table

Managed Home
Loan from
New Zealand
Home Loans

A managed home loan is similar to revolving credit it is a mortgage account that is transactional and has all your income ‘channelled’ into the one account to maximise interest savings, however the loan limit decreases each month (like that of a table mortgage.) A managed home loan also involves several other components including debt management software and regular reviews with a consultant.

Standard Table Mortgage

This is the most common type of home loan.
You can choose a term up to 30 years. Most of your early repayments pay off more interest than principal, while most of the latter payments pay off more of the principal.


Reducing, Straight Line or Non-Table mortgages repay the same amount of principal with each repayment, but a reducing amount of interest each time. These are quite rare in New Zealand.  loan1

Interest Only

You only pay interest on the loan amount so the principal balance doesn't reduce. Typically interest only loans are for 6 months - 5 years terms, with full repayment due at the end of the loan or the balance is converted to a table mortgage at this time. interest 1

Revolving Credit

Revolving credit loans work like a large overdraft. Your pay goes straight into the account and bills are paid out of the account when they’re due. By keeping the loan as low as you can at any time, you pay less interest because lenders calculate interest daily.
You can make lump sum repayments and re-draw money up to your limit. 

Off Set

Off Set mortgages use the balance of your transactional and savings accounts to off set the interest costs of your home loan. Eg if your home loan is $100k and you have $10k in your savings account you will only pay interest on $90k.  loan1
  Managed Home Loan from NZHL Standard Table Reducing Interest Only Revolving Credit Off Set
Savings Offset tick       tick tick
Allows redraw of surplus funds tick       tick tick
Fixed or Floating tick tick  tick tick   tick1
Fully transactional bank account tick     tick tick tick
Allows lump sum repayments tick tick1 tick1   tick tick
No day to day transactional fees tick          
 Reducing Limit tick tick tick     tick

*Terms and conditions usually apply

The information contained on this website is general in nature and is not intended as advice. It may not be relevant to individual circumstances and before making any investment, insurance or financial planning decision; you should consult a professional adviser. Copies of our disclosure statements are available on request, free of charge.
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