Lending Tools
Find out how much deposit you need — and how long it will take to save it.
Banks typically require 20%. First home buyers may qualify for 5% via the First Home Loan scheme.
First home buyers may be able to withdraw most of their KiwiSaver balance.
Deposit Required
20% deposit — 80% LVR
This calculator provides an estimate only. Actual lending criteria, deposit requirements, and timelines will vary. Talk to our team for personalised advice.
Good to know
Most New Zealand banks require a 20% deposit to avoid paying a Low Equity Premium (LEP). This gives you an 80% Loan to Value Ratio (LVR).
Eligible first home buyers may qualify for a Kāinga Ora underwritten First Home Loan with just a 5% deposit — issued through participating banks and lenders, subject to income and eligibility criteria.
After 3+ years of contributing to KiwiSaver, eligible first home buyers can withdraw most of their balance (excluding $1,000) to put toward a deposit.
The First Home Grant (previously HomeStart) was closed by the Government in May 2024 and is no longer available. Speak to our team about other first home support options still available.
