Buying guide
NZ home loans: A guide to your options
Here's a little guide to help you navigate the world of New Zealand home loans and interest rates.
AI summary
Navigating NZ home loans involves choosing a structure and interest rate type. Common loan structures include Table loans for predictable payments, Revolving credit for flexibility, and Interest-only for short-term needs.
You can select a Fixed rate for certainty or a Floating rate for flexibility, with split mortgages offering a balance. Eligible first-home buyers may access the First Home Loan scheme, underwritten by Kāinga Ora, which allows for a deposit as low as 5%.
Home loan options in New Zealand
Table loans (most common)
It's important you have a good understanding of your options before deciding on a loan.
Revolving credit loans
You can get professional advice on home loans to help you make the right decision.
Interest-only loans
Linked (offset) accounts
Take your time to find the right home loan.
Home loan interest rates in New Zealand
Fixed interest rate
Floating (variable) interest rate
Split mortgage
As well as loan types, you need to make decision on interest rate plans.
First Home Loan Scheme
From your first home to your forever home, start your search on Trade Me Property, NZ's #1 property site.
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