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 New Zealand home loans involves choosing a structure and interest rate. Common options include standard table loans, flexible revolving credit facilities, and short-term interest-only loans, often used in combination.
You must also select an interest rate: fixed for payment certainty, floating for flexibility, or a split mortgage for a mix of both. Eligible first-home buyers can explore the First Home Loan scheme, underwritten by Kāinga Ora, which requires only a 5% deposit.
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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