First home loans

Simplicity now offers NZ’s lowest cost first home loans. Our 2.25% floating rate (with no early repayment fees) means you can get out of debt faster.

How it works

It’s simple. If you’ve;

- Been a Simplicity KiwiSaver member for at least a year, and;
- Are buying your first home;
You’ll be eligible to apply online.

Please read our FAQ section below to see whether you meet the criteria.

Please read and/or download our Home Loan Terms and Conditions here.

For an example of our First Home Loan Agreement click here.



HOW MUCH CAN I BORROW?

I earn $ per year before tax.
My deposit is $
My partner earns $ per year before tax.
Add another income How much can I borrow?


Eligibility Criteria:
Please read our FAQ section below to see whether you meet the criteria.


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 2.25%p.a.

Time to repay 30 years



These are estimates only and are based on a principal plus interest mortgage of 30 years, at a floating interest rate of 2.25% 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 3 months after the announcement date.

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