First home loans
Simplicity offers one of NZ’s lowest cost first home loans. Our 4.80% floating rate (with no early repayment fees) means you could get out of debt faster.
How it works
If you're a Simplicity KiwiSaver member and buying your first home, you'll be eligible to apply online.
Existing members login here and all other details are in our FAQ section below.
Our Terms and Conditions are here and an example of our agreement is here.
Simplicity floating rate
4.80%
Please read our FAQ section to see whether you meet the criteria.
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 4.80%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 4.80% 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.