Rates

Offer available for new lending from $250,000. Lending must be used by the appliant(s) to purchase an Owner Occupied first home (as determined by The Co‑operative Bank).

Minimum 20% equity required. Offer also available for Kainga Ora First Home Loans. For Kainga Ora First Home Loans, a Lenders Mortgage Insurance premium is payable which is 1.2% of the loan balance. This can be added to the loan balance. The Co‑operative Bank and Kainga Ora's lending criteria, interest rates, terms and conditions apply and are subject to change.

Where you are unable to make a loan repayment within 14 days of the repayment date your loan will be in arrears and default interest will be added to our current interest rate, and will apply to the overdue amount. Default interest rates are additional to the ordinary rate, and are shown above.

Interest rates are subject to change. *After 6 months, any remaining transferred balance will be treated like a cash advance and our standard interest rate for cash advances will apply (currently 12.95% p.a.).

*Where a customer is refinancing existing lending currently held with The Co‑operative Bank, the new loan must include $3,000 in new lending.

**Our personal loan interest rates are floating, which mean rates may change during the life of the loan. The interest rate that will apply depends on your credit and financial situation, and our lending criteria.