Proud to offer members one of NZ’s lowest cost floating rate first home loans
Simplicity first home mortgages are only available to Simplicity KiwiSaver members buying or refinancing their first home. Eligibility criteria applies and can be found here.
Home Loans
First Home Loans
If you’re a Simplicity KiwiSaver member and buying your first home, you can apply online (subject to our lending criteria and terms and conditions). Please read our FAQ section to see whether you meet the criteria.
First Home Refinancing
You can now apply to refinance your existing home loan to one of our low-cost Simplicity First Home Loans, at the same low floating rate.
Simplicity floating rate
4.55%
Please read our FAQ section to see whether you meet the criteria.
Why Simplicity home loans?
A competitive floating home loan rate from a KiwiSaver provider? You may be wondering why… So here’s how it works.
Our first home loans are funded through a wholesale mortgage fund managed by Simplicity. Some of our diversified KiwiSaver and Investment Funds invest in that fund, so their members share in the investment returns from the loans.
We review our floating home loan rate, up or down, when market conditions change. We aim to set it at a level that supports the fund’s investment objectives while remaining competitive for borrowers.
The costs of managing the lending are covered by the management fees charged by the KiwiSaver and Investment funds that invest in it.
It’s a simple approach: seek an appropriate return for investing members while offering competitive first home finance for Simplicity KiwiSaver members.
Simplicity home loans are available to Simplicity KiwiSaver members buying or refinancing their first home.
These are estimates only and are based on a principal plus interest mortgage of 30 years. Our calculator is for illustrative purposes only. This is not an offer of finance and is not financial advice. We recommend obtaining financial advice before committing to one of our home loans. The minimum periodic repayments include principal and interest. Simplicity reserves the right to change the interest rate payable at any time. To provide some certainty as to how much you will be able to borrow, you will need to complete the full home loan application. All loans are subject to our eligibility criteria, terms and conditions. Please note the calculator uses our current floating rate.
You could borrow up to $289,000
Your minimum monthly repayments would be $1,587
Based on our current first home floating interest rate of 4.55%p.a.
Time to repay 30 years
Join Simplicity KiwiSaver Scheme
These are estimates only and are based on a principal plus interest mortgage of 30 years, at a floating interest rate of 4.55% per annum. The minimum monthly repayments include principal and interest.
Because the loans are floating rate, Simplicity reserves the right to change the interest rate payable at anytime. However, any rise in interest rate payable will not come into effect until 1 month after the announcement date.
How to apply
If you’re a Simplicity KiwiSaver member, you can apply through your account on the Simplicity website. Home Loan applications aren’t currently available in the mobile app, so you’ll need to log in from a web browser.
Before you apply, you can check the Eligibility Criteria within our FAQs to see if you’re likely to be able to meet Simplicity’s lending requirements.
- Log in to your Simplicity account from a web browser
- From the Accounts screen, select Home Loans (you may need to scroll across)
- Complete the online application form
If you’re not already a Simplicity KiwiSaver member, you can join here.