Product
Provider
Rate
Fee
Repayment calculator
NZ$
%
Monthly repayment
NZ$3,318
NZ$674,333total interest
NZ$1,194,333total repaid
Estimate only. Assumes principal & interest, constant rate for full term.
About Fresh Start - Fixed 1 year
The Co-operative Bank's Fresh Start Fixed 1 Year is a specialist product for borrowers who may have experienced financial difficulties such as bankruptcy, a low credit score, or irregular income history. It provides a pathway into homeownership that most banks don't offer.
The rate is higher than standard products, reflecting the additional risk the bank takes on. However, it serves as a stepping stone — after demonstrating good payment history, borrowers can often transition to the bank's Owner Occupied or Standard tier at lower rates.