First home loans

Simplicity offers one of NZ’s lowest cost first home loans. Our 5.15% floating rate (with no early repayment fees) means you could get out of debt faster.

How it works

It’s simple. If you’re;

- A Simplicity KiwiSaver member, and;
- Buying your first home;
You’ll be eligible to apply online. Existing members login here

All details are in our FAQ section below.

Our Home Loan Terms and Conditions are here.

An example of our First Home Loan Agreement is here.

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.


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 5.15%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 5.15% 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.

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