Home Loans

Home Loan

Gets you on the property ladder sooner, without having to wait until you have saved a large deposit.

NBS Clients - Edee and Ryan

Gets you on the property ladder sooner, without having to wait until you have saved a large deposit.

Getting a deposit together can be the hardest part of buying your first home.

You may be able to do it with a 5% deposit through Kāinga Ora - Homes and Communities (formally Housing New Zealand).

First Home Loan facts

  • You can borrow up to 95% of property value.
  • To be eligible you must have an individual income of less than $95,000 or a combined income of less that $150,000.
  • This loan is only available for owner-occupied homes, and must be the only property you own.
  • 1% Kāinga Ora (formerly HNZC) mortgage insurance premium and loan application fees may apply.


If you are interested in a First Home Loan discuss your requirements with our lending specialists.

  • Are you eligible? - First Home Loan eligibility criteria as well as NBS' lending terms and conditions apply.
  • How to apply - Have a look at the quick guide to find out how you apply for a First Home Loan.

Further information from Kāinga Ora can be found below.


Rates & Fees

NBS Home Loan Rates
1 Year Fixed 2.99% p.a.
2 Year Fixed 3.24% p.a.
Variable 4.95% p.a.
NBS Flexi Loan - Interest rates start from 4.95% p.a.

Interest rates are subject to change.

NBS Residential Term, Residential Redraw, NBS Interest Only
Loan Establishment Fee From $400.00
Interest Rate Review From $150.00
Discharge Mortgage Fee $130.00
Default Interest Rate 4.00% p.a. above annual interest rate
Default Administration Fee $100.00
Insurance Arrears Payment Fee $15.00
Rates Arrears Payment Fee $25.00
Motor Vehicle Security Variation/Security Swap Fee $30.00
Duplicate Statement Fee $15.00
Early Repayment Adjustment $500.00 (minimum charge)
Early Repayment Administration Cost $100.00

Fees are subject to change. 


Terms and Conditions

First Home Loan eligibility applies. NBS’ current Loan Agreement Specific Terms and General Lending Terms are available free of charge from any NBS branch.

NBS lending criteria and the above terms apply. You will also need to have an NBS loan deduction account.