Cash contribution terms

If you receive a cash contribution, these terms and conditions will apply.

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$5,000 cash contribution for first home buyers

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If you’re buying your first home and borrowing $250,000 or more, you could be eligible for a cash contribution of at least $5,000.

How it works

  • This offer is available on new Kiwibank Homes Loans of $250,000 or more.
  • You must be a first home buyer, as determined by Kiwibank.
  • You must be moving into the property (ie the loan is for purchasing an owner-occupied property).
  • Your loan must not be to a Company or Partnership.
  • This offer cannot be used in conjunction with any other Kiwibank cash offer, and may be withdrawn at any time without notice.
  • Kiwibank’s cash contribution terms and conditions apply (see below), and all home loans are subject to lending criteria (including minimum equity requirements), terms, and fees.

Cash contribution T&Cs

How do you qualify?

You'll need to accept the conditions of our cash contribution agreement. This includes you maintaining your banking relationship with us for the next four years from the date we pay the cash contribution into your nominated account.

Your banking relationship

Your banking relationship is made up of:

  • Having your income direct credited into a Kiwibank account (for example, wages, salary or rental income)
  • The lending you have with us (or any lending you've agreed to have with us)
  • The accounts you hold at the time we pay you the cash contribution.

If your banking relationship changes

We know circumstances can change but it's important for you to know that if they do, it could impact the cash contribution you've received. If your banking relationship changes significantly (for example, you stop having your income direct credited into a Kiwibank account or you refinance your lending to another lender) after the cash contribution has been paid to you, we may require you to repay some or all of the cash contribution.

How we calculate any repayment

The amount we'll claim back if your banking relationship changes is calculated on a pro-rated basis based on how long it’s been since we paid you the cash contribution.

Within the:

  • First year, we can claim back 100% of the cash contribution
  • Second year, we can claim back 75% of the cash contribution
  • Third year, we can claim back 50% of the cash contribution
  • Fourth year, we can claim back 25% of the cash contribution.

Home loan standard terms and conditions

Displayed interest rates are subject to change. Kiwibank’s lending criteria, terms and conditions, and fees apply.