As well as enjoying very competitive interest rates, you could reduce the term of your loan by up to half that of a standard bank table mortgage and save thousands of dollars in interest costs as a client of New Zealand Home Loans. Phone 0800 DEBT FREE (0800 332 837) for more details.

These current New Zealand Home Loans advertised rates are effective Monday 6th February 2017 for new borrowers. Subject to normal lending criteria.

Default interest rate
If at any time the amount owing under your home loan exceeds the agreed account limit. The interest will be calculated daily on the amount in excess of the agreed limit or agreed reducing facility limit, at the facility’s applicable interest rate plus 5.00% p.a. until paid in full and will be charged on the normal instalment due date.
btn enquire

*These rates are subject to change on a daily basis - please check these rates with your New Zealand Home Loans consultant.

rates p.a.


Floating Rate 5.65% -
6 month 4.85% -
12 month 4.90% 4.45%
24 month 5.19% 4.79%
36 month 5.55% 5.09%
48 month 5.65% 5.49%
60 month 5.85% 5.69%
Above rates may not be available to all borrowers depending on the loan product required. *All specials are subject to satisfying Reserve Bank minimum equity requirements. Eligibility criteria, terms & conditions apply

"It's not the rate you pay that's most important, it's the rate that you pay it off"


How New Zealand Home Loans works

New Zealand Home Loans helps its clients simplify their finances by operating them from one bank account, which consolidates and reduces interest costs and makes money management easier to track.

All income and expenditure – including mortgage repayments – is channelled through this transactional account. The mortgage is arranged on a reducing principal and interest basis. There are no day-to-day transaction fees, and clients receive an EFTPOS/ATM card and have access to online banking and telephone banking.

  • Interest payable is calculated daily on the net total household debt. In most cases, savings accounts earn a lower interest rate than the rate households are paying to service debt and salaries are going into a transactional account that earns them no interest. Under the New Zealand Home Loan structure, savings and salaries have the effect of earning the household the same amount of interest as they pay to service the mortgage.
  • Unlike a traditional revolving credit mortgage, the householder is not able to draw down the portion of the mortgage that has been paid off.
  • New Zealand Home Loan clients receive one-on-one advice and support from a consultant during the process of setting up the mortgage, followed by on-going support and reviews throughout their relationship, to ensure they stay on track to meet their day-to-day commitments and their wider, longer term financial goals.
  • A simple-to-use and easy to understand software package, called debtnav, helps clients manage their day-to-day finances and track their progress towards their goals.
  • New Zealand Home Loans can arrange comprehensive insurance to give homeowners a safety net to protect their finances and their families, including income protection, life, and home and contents.
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.
Work for Us
New Zealand Home Loans is not about just selling loans. We are about unearthing our clients’ hidden plans and dreams and putting customised solutions in place to turn these plans into reality.