Mortgages

Kiwibank stays aloof from home loans price war

The government-owned Kiwibank has chosen not to participate in the pricing war in the home loans market which has seen the major banks slash their profit margins to the bone.

Wednesday, November 24th 2004

While Bank of New Zealand is offering a two-year fixed rate loan at 6.90%, ANZ Bank and ASB Bank are offering two-year fixed rate loans at 6.95% and Westpac is offering a "special" of 6.99% fixed for 18 months, Kiwibank’s two-year fixed rate remains significantly higher at 7.35%.

That’s despite the fact that Kiwibank still guarantees that its home loan customers will be better off over a six-year period than they would with the major banks.

Kiwibank spokesman Bruce Thompson says while that guarantee remains in force but his bank doesn’t try to match short-term offers on individual rates.

It remains confident its loans will still be cheaper over time.

Read More - Opens in a new window

Most Read

Unity First Home Buyer special 4.09
SBS FirstHome Combo 4.19
ICBC 4.49
Co-operative Bank - First Home Special 4.55
Kainga Ora 4.59
BNZ - Std 4.65
Co-operative Bank - Owner Occ 4.65
ASB Bank 4.65
AIA - Go Home Loans 4.65
TSB Special 4.69
ANZ Special 4.69
ICBC 4.89
China Construction Bank 4.95
Kainga Ora 4.95
Nelson Building Society 5.09
BNZ - Std 5.19
SBS Bank Special 5.19
Westpac Special 5.19
ASB Bank 5.25
AIA - Go Home Loans 5.25
TSB Special 5.25
Kiwibank Special 5.29
ICBC 5.65
Kainga Ora 5.69
Westpac Special 5.79
BNZ - Std 5.79
SBS Bank Special 5.79
Co-operative Bank - Owner Occ 5.89
ASB Bank 5.89
AIA - Go Home Loans 5.89
Kiwibank Special 5.99
TSB Special 5.99
China Construction Bank 5.99
SBS FirstHome Combo 3.29
AIA - Back My Build 3.34
SBS Construction lending for FHB 3.74
CFML 321 Loans 3.95
Co-operative Bank - Owner Occ 4.99
Co-operative Bank - Standard 4.99
Heartland Bank - Online 5.30
ICBC 5.39
Kiwibank - Offset 5.75
Kiwibank Special 5.75
Kiwibank 5.75

More Stories

Thursday, February 19th 2026

RBNZ expects slower house price growth in the current recovery

The Reserve Bank thinks house prices will rise at a much slower pace during the current recovery than they have in past cycles.

Wednesday, January 07th 2026

Queenstown not off the radar for first home buyers

First home buyers are not being deterred by Queenstown’s soaring house prices.

Record levels of first home buyers taking out low deposit loans

Tuesday, December 23rd 2025

Record levels of first home buyers taking out low deposit loans

About half of all first home buyer lending has been done at a less than 20% deposit in recent months.

Buyers sitting on the sidelines in best time to buy in a decade

Thursday, December 04th 2025

Buyers sitting on the sidelines in best time to buy in a decade

Stable house prices, low interest rates and plenty of houses to choose from are still not enticing buyers.