Home Loans in New Zealand

Access New Zealand’s leading home loans and find the best product that completely meets your needs.

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home loans in new zealand
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New Zealand’s top home loan providers are ready to make your dreams a reality

Whether you’re a first time home buyer or are looking to refinance, these New Zealand lenders are here to assist you.

Find out which home loan options are ideal for you and how much it will cost you to get it.

Frequently Asked Questions

Find the best mortgages in New Zealand

Whether you’re a first time home buyer or are looking for the top home loans in New Zealand for your next home, we can help you find the best mortgages online!

If you’re applying for a home loan, the chances are you’re feeling in high spirits, so let’s keep them there by showing you all that it takes to apply for a loan successfully.

There are a number of reasons that you might be applying for a home loan. Whether it be for a vacation home, your first home, an investment or any other reason that requires you to apply for a mortgage, but through all of them you need to understand what’s involved.

The process of owning a home in New Zealand isn’t all that complicated, but it does mean having to go through the legalities that come with it. As with any personal loan, you’ll need to meet a set of criteria that covers both you and the lender throughout the process of the loan. Then there are financial checks that help the lender determine whether you qualify for a mortgage at all.

Bear in mind that there are a huge amount of lenders including your very own bank as well as a range of credit unions that are willing to assist with a tailored option to suit the needs of the new home-owning New Zealander.

When the time comes that you need to apply for your mortgage, it’s strongly advised that you are in good standing with all your creditors and that all your paperwork is in order. The next part is up to you, and that is shopping for the best available solution to you.

Each lender has a different interest rate and each one will, too, come with their fees and charges. Determining the most ideal lender for your new home loan will be easy if you know what you can afford and what type of service you are in need of. If you’re feeling unsure of what direction to go in, turn to your referrals and probe their minds for some advice or guidance based on previous experience. You can also use a loan comparison site to help you find the ideal loan. The ultimate goal is to choose a lender that works for you , your home and your budget!  

Are there various mortgage types on offer?

Yes! There are all kinds of tailored solutions to meet the specific mortgage needs of the borrower. It’s important that you don’t choose just anyone because you’re in a rush. This is a very long commitment and it’s for that amount of time that you’ll need to satisfied and happy with your choice in lender. When considering all the available products, ask about the deals they may have in place for certain loan types. They might even have deals for first-time homeowners.

There are packages that are specifically designed to meet the needs of investors, and other types of professional property buyers. The reason for varied products in the mortgage game is that with each one comes its own service offerings that suit the package. For example a particular mortgage type might have banking services such as a credit card with it, or it might feature discounted rates depending on the repayment term.  

Financial advisors are a heaven-sent when it comes to this part of the process. They can point you in the exact direction you need to go and help you make the right choice after having covered all the options available to you.  

Where there’s a loan, there’s an interest rate!

It’s time again, to make another choice. This time, however, it’s on the type of interest you wish to pay for your mortgage. It’s up to you to decide whether you’re comfortable with a fixed rate or variable rate. A fixed rate means that your instalment remains unchanged for the duration of the loan, which is the best option if you feel safer with being control of your budget. Adversely, the variable rate will vary with the rate of interest in New Zealand.

If your budget doesn’t leave you with a lot of disposable income, then this option is probably a tricky one, since you don’t know how much the rate of interest will increase over a 20 year period. For those of you who struggle with procrastination, there is a third option. First time home buyers can stand in line for a hybrid option, but this is not a freely offered option, it’s there for special cases that require it. What it is, is a discounted variable rate that you receive prior to it becoming the standard variable rate.

New clients to the lender prefer this option, but are warned to opt for it with caution because it could end up costing a lot more if the SVR goes surpasses the fixed rate.

Bankers or brokers, who do I choose?

If you already have a few products with your own bank, for example a credit card and vehicle finance, then it’s highly recommended that you first consult your own bank for business loan offering. The reason you might get the best service, rates and product from them is due to your relationship with the bank. Your details are already on the their records, they know what type of borrower you are and are well aware of your credit score so there would be no need for a credit check. The alternative to your bank is to have a look at other banks because certain banks specialise in certain products and there might be a bank with prime mortgage products.

Mortgage brokers have strong contacts with private lenders and they make use of these relationships to offer premium deals in the mortgage market. That means that no matter the relationship you have with your bank, there could be a lender out there that suits your financial needs better. The beauty of lenders is that you can find them both online and instore, making them extremely convenient when you compare banks versus lenders. The one thing that you have to ensure is in place when you choose a lender, is responsible lending. So, in both instances, you need to weigh up the pros versus the cons for you personally.

How does one apply for a mortgage loan?

There are two ways to get started, with a broker, or without. If you choose to work with a broker , then the process becomes a lot easier because you have access to round the clock advice and assistance. If, however, you opt to do it alone and trust in your own researching and decision-making skills, then it could be cheaper to do it this way without a broker. Next step is to choose the bank or lender you wish to apply with and once you’ve content with your decision, you’ll need to furnish them with all your information.

Finding the property is the most thrilling part and it’s next on the list! Having established a suitable budget will make this part as fun as it should be and when you find your dream home or investment, you can make an offer to the seller. The rest is simple, and all you need to do is honour your mortgage loan repayment each month until the loan is settled.

List of direct lenders offering Home loans

  1. ASB Bank Home loan

    ASB Bank

    • Loans up to $1,000,000
    • Term up to 10 years
    • Interest up to 17.95%
  2. TSB Bank Home loan

    TSB Bank

    • Loans up to $200,000
    • Term up to 5 years
    • Interest from 3.79%
  3. The Home Loan Shop Home loan

    The Home Loan S...

    • Loans up to $250,000
    • Term up to 30 years
    • Interest from 5.0%
  4. Gupta Loans Home loan

    Gupta Loans

    • Loans up to $200,000
    • Term up to 10 years
    • Reliable home loans
  5. Ray White Home loan

    Ray White

    • Loans up to $2,000,000
    • Term up to 30 years
    • Interest rates are competitive
  6. The Co-operative Bank Home loan

    The Co-operativ...

    • Loans up to $30,000
    • Term up to 5 years
    • Interest from 14.5%
  7. HSBC Home loan


    • Loans up to $200,000
    • Term up to 5 years
    • Interest from 6.98%
  8. Onion Home Loans Home loan

    Onion Home Loan...

    • Loans up to $500,000
    • Term up to 30 years
    • Interest from 9.99%
  9. First Credit Union Home loan

    First Credit Un...

    • Loans up to $10,000
    • Term up to 5 years
    • Interest up to 9.95%
  10. BNZ Home loan


    • Loans up to $30,000
    • Term up to 5 years
    • Interest up to 17.85%
  11. AMP Services Home loan

    AMP Services

    • Loans up to $1,000,000
    • Term up to 10 years
    • Interest up to 17.95%
  12. interest.co.nz Home loan


    • Loans up to $2,000,000
    • Term up to 30 years
    • Interest up to 20%
  13. Kiwibank Home loan


    • Loans up to $50,000
    • Term up to 7 years
    • Interest from 12.99%
  14. Share Home loan


    • Loans up to $250,000
    • Term up to 5 years
    • Interest from 10%
  15. New Zealand Home Loans Home loan

    New Zealand Hom...

    • Loans up to $200,000
    • Term up to 7 years
    • Interest from 4.69%
  16. RESIMAC Home loan


    • Loans up to $1,500,000
    • No annual fees
    • Interest from 2.79%
  17. Advantage Finance Home loan

    Advantage Finan...

    • Loans up to $3,000,000
    • Term up to 34 months
    • Interest from 9.75%
  18. Sovereign Services Limited Home loan

    Sovereign Servi...

    • Loans up to $500,000
    • Term up to 10 years
    • Interest from 20%
  19. Housing New Zealand Home loan

    Housing New Zea...

    • Loans up to $600,000
    • Term up to 10 years
    • Pre-approval and final approval
  20. SBS Bank Home loan

    SBS Bank

    • Starting from $1,000
    • Term up to 30 years
    • Interest from 5.29%
  21. Westpac Home loan


    • Loans up to $50,000
    • Term up to 5 years
    • Interest from 23%
  22. First Rate Mortgages Home loan

    First Rate Mort...

    • Loans up to $2,000,000
    • Term up to 30 years
    • Fixed and floating rates
  23. Non-Bank Home loan


    • Loans up to $2,000,000
    • Term up to 30 years
    • Interest from 10%
  24. The Home Loan Group Home loan
  25. Freedom Home Loans Home loan
  26. Credit Union Home loan

    Credit Union

    • Loans up to $1,500
    • Term up to 3 years
    • Interest up to 22.95%