Table Loan

Equal payments to make budgeting easier

  • Choice of monthly, fortnightly or weekly payments
  • Option to fix the principal payments at a higher level than required - reducing the overall interest cost
  • Flexibility to change your loan if your needs or circumstances alter



The most common method of repayment is a combination of principal and interest in each regular monthly, fortnightly or weekly installment. Installment amounts are fixed for the loan term (subject to interest rate changes) and table repayments provide a simple way to manage your budget.

Table Loan

The initial payments will mainly be made up of interest. As you begin to pay back more of the money you borrowed (principal), the interest owing each time will get less.

  • Choose monthly, fortnightly or weekly repayments
    With fortnightly payments you will pay less interest overall, but monthly or weekly may be more convenient
  • Decide how quickly you want to repay your home loan; the maximum term is 25 years
    A longer term means smaller payments but you will pay more interest overall
  • You can also choose to fix principal payments at a higher level than normally required
    This will help you pay off the loan faster and save on interest costs

Fixed rate - payments stay the same for the period you select. However, if you want to repay some or all of the loan while it is still on a fixed rate, you may have to pay an early repayment adjustment.

  • Some flexibility to pay your loan faster
    You can make lump sum payments totaling $50,000 within a 12 month period with no early repayment adjustment.

Variable rate - payments can increase and decrease overtime with changes to market interest rates. Lets you repay some or all of the loan at anytime without fees.

  • Available with any type of NBS home loan

NBS Home Loan Interest Rates

1 Year Fixed 3.75% p.a.
2 Year Fixed 3.99% p.a.
Variable 4.95% p.a.
Interest rates are subject to change.

Loan Fees

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

Early Repayment Adjustment (ERA)

Calculating the cost of an ERA is a complicated calculation and is not the same for everyone. There are many factor that are taken into account when working out an ERA cost, therefore we recommend you contact us for a quote. You'll find more information on the procedure for calculating the cost of an ERA in your loan agreement.


Fees are subject to change.  For descriptions of the above fees refer to NBS' current loan agreement specific terms example.

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 account.

Your satisfaction is important to us.

NBS aims to provide you with the highest quality of service at all times.  If you have a problem, concern, or complaint about any part of our service, please let us know as soon as you can so that we can sort it out quickly.

We have an Internal Complaints Procedure to resolve any issues.

NBS is committed to responsible lending and has adopted the guidelines produced by the Financial Services Federation.

The Responsible Lending Guidelines have been developed by the Financial Services Federation with the assistance of a variety of stakeholders including the NZ Federation of Budgeting Services, Consumer NZ, the Families Commission Debt Working Group, the Retirement Commissioner, and officials from the Ministry of Consumer Affairs, and the Ministry of Social Development.
The Guidelines aim to improve consumer protection, raise standards across the consumer credit industry, and deliver better outcomes for borrowers and lenders and set out specific steps that lenders may need to take to assess if a credit contract will be suitable for a consumer.