Product
Provider
Rate
Fee
Repayment calculator
NZ$
%
Monthly repayment
NZ$3,051
NZ$578,402total interest
NZ$1,098,402total repaid
Estimate only. Assumes principal & interest, constant rate for full term.
About Kiwibank Revolving
Kiwibank's Revolving Credit facility works like a large overdraft secured against your home. Your income and other credits reduce the balance, and interest is calculated daily — rewarding those who keep the balance low throughout the month.
This product suits financially disciplined borrowers who want to minimise interest by channelling all income through the facility. It works best alongside a fixed portion in a split loan. The floating rate is higher than fixed alternatives, so the benefits depend on your cash-flow habits.