We Kiwis are completely smitten (even a little obsessed) with home ownership. So, there’s nothing that gives our SBS people more of a buzz than helping other people get their very own piece of NZ. That’s exactly why we started back in 1869, and exactly why we’re still here today. Whether you’re chasing the property ladder, or sitting comfortably at the top, we reckon we’ve got exactly what you need in a home loan. 

Your home is likely to be one of your most significant purchases you will ever make. It is a long term investment, so take your time and ask lots of questions. There are some key decisions you need to make like what is the best location for you? Do I need access to schools or public transport? What size and type of house suits and what can I afford?  It's also important to remember that interest rates, credit fees and charges which apply are also subject to change, even if they are low, and affordable right now, so working out your budget is very important. And don't forget there will be Lending Eligibility & Criteria you will need to meet and Lending Standard Contract Terms which apply, so it's always worth having a chat with us to help understand these and know what you need to do to get your home loan with SBS Bank. Click here to check out our latest Grate Cash Offer! 

We love getting people into their first homes! We have over 150 years of experience of getting people into their first home. We started out life as a building society with the purpose of supporting land ownership and the building of homes. There is also good news for first home buyers – you may be eligible for a First Home Loan supported by Kāinga Ora - Homes and Communities (formerly Housing New Zealand Corporation). The purpose of First Home Loans is to make access to home ownership even easier for everyday New Zealanders, so give the team a call and we can start talking about getting you into your first home!

 

Options for your first home

  • First Home Loan (formerly ‘Welcome Home Loan’) is supported by Kāinga Ora - Homes and Communities (formerly Housing New Zealand Corporation)
  • You may be able to use your KiwiSaver to buy:
    • an existing house – you may be eligible to get up to $1,000 First Home Grant for each year you’ve contributed to KiwiSaver (max $5,000 per borrower)
    • a new house - you may be eligible to get up to $2,000 First Home Grant for each year you’ve contributed to KiwiSaver (max $10,000 per borrower)

First Home Loan facts

  • You can borrow up to 95% of property value – that means a deposit of only 5%
  • With SBS Bank the application fee is waived
  • To be eligible you must have an individual income of less than $85,000 or a combined income of less than $130,000
  • This type of loan is for owner-occupied homes only
  • This needs to be the only property you own
  • This type of loan does not offer a revolving credit facility, overdraft or interest only options
  • 1% HNZC premium fee applies
More

 

For more information on our First Home Loans please click here.
To view our interest rates page for residential lending please click here.
Specific credit and eligibility criteria apply. Lending Standard Contract Terms and Credit Fees and Charges apply.

Home loan types

  • Term loan: Principal + Interest – pay off part of the Principal and some interest with each payment
  • Term loan: Interest Only – defer principal payments and pay interest only initially
  • Flexi Loan: Flexibility to Increase or Decrease the amount borrowed (within your loan limit) to manage your lifestyle

some key facts

  • Maximum term: 30 years
  • Repayments: monthly, fortnightly or weekly
  • Fixed interest rate: lock in a term for certainty of repayments
  • Floating interest rate: moves with the market and gives you flexibility to make extra payments without penalty
  • Fixed and floating combination
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For more information on our Residential Home Loans please click here.
To view our interest rates page for residential lending please click here.
Specific credit and eligibility criteria apply. Lending Standard Contract Terms and Credit Fees and charges apply.

A rental property can be great way to build up wealth over time. We are focused on helping residential property investors and offer our home loan interest rate for up to five properties. We provide you with the flexibility and freedom you need for your property investment and a pre-approval to allow you to focus on finding the property that suits your Residential Investment goals.

Features

  • Competitive residential home loan interest rates for up to five properties

 

To view our interest rates for Residential Investing Lending please click here.
Specific credit and eligibility criteria apply. Lending Standard Contract Terms and Credit Fees and Charges may apply.

Retirement is about leaving work, not retiring from life. But managing day-to-day bills and expenses can often be a juggling game when you’re retired and on a limited income. Then there are those expenses which crop up that you didn’t budget for that can really cause sleepless nights. 

Did you know that you may be able to release some equity in your own home and continue to live there? An Advance Reverse Equity Mortgage Loan lets you borrow against the value of your property and free up some money – money to enjoy the things in life that really matter to you. Like spending time with family and friends or helping the grandchildren through university.

For more information, including interest rates for our Reverse Equity Mortgages please click here.

Specific credit and eligibility criteria apply. Lending Standard Contract Terms and additional SBS Advance Fees and Charges apply.

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You need more than a pair of Red Bands to become a rural expert. Our skilled rural team come from farming backgrounds, so they understand the unique nature of farming. Combining this understanding with banking know-how and our unique customer focus means you get the best banking solution for your business.

Rural term loans

  • This loan type offers fixed or floating interest rates
  • Principal and Interest, or Interest Only repayments
  • Repayment options up to 30 years
  • Interest calculated daily and charged monthly

rural flexi loans

  • Competitive floating interest rates for terms up to 25 years
  • Total flexibility to repay and redraw within an approved limit
  • Interest calculated daily and charged monthly on the portion of the loan you use
Contact

 

Specific credit and eligibility criteria apply. Lending Standard Contract Terms and Credit Fees and Charges apply.
Information on interest rates for Rural Lending can be obtained by contacting us directly.