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 understanding key options to suit your goals. Common loan structures include:
- Table loans for predictable payments
- Revolving credit for flexibility
- Interest-only for short-term relief
You'll also choose between the certainty of fixed rates and the flexibility of floating rates. For eligible buyers, the First Home Loan scheme, underwritten by Kāinga Ora, can help you secure a property with just a 5% deposit, making homeownership more accessible.
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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