What's Your Situation?

First Home Buyers

Our FirstHome options may help you get into your first home faster than you thought possible.

  • Low or no deposit options.
  • Save your deposit faster with our Home Ambition package.
  • When you're buying your first home, there's a lot to know. For help right through the buying process, including applying online for a conditional pre-approved home loan (to get an indication of how much you can borrow), calculators and other useful tools, visit our Home Buyers Centre.
  • Taking up a pre-approved credit card with your home loan could help you purchase appliances for your home.
  • Apply now or contact us.

Low or no deposit options

There are three FirstHome options which allow your parents or other family members to help you get into your first home even if you have little or no deposit: guarantees, joint borrowing and gifting.

1. Guarantees

  • Your parents or other family members can provide a guarantee for just the amount of the deposit you would normally require (usually secured by way of a mortgage against the equity in their own home). This allows parents or other family members to use their assets to help you without having to provide any money up front.
  • Guarantees will be in place for a minimum of one year. Both you and your parents or family members will need to be interviewed by the Bank.
  • Your guarantor will need to get legal advice before taking up this option. We recommend that this is independent legal advice.
  • The guarantee from your parents or family members is limited to a maximum of 25% of the value of the available equity in their property.
  • You will still need to show that you are able to make repayments on the home loan.
  • An application fee of up to $500 will apply.

2. Joint Borrowing

  • You borrow money for your deposit or entire purchase price jointly with your parents or other family members. This allows parents or other family members to use their assets to help you without having to provide any money up front.
  • The home loan is assessed on your joint financial situation.
  • You and your family members need to be able to make the home loan repayments.

3. Gifting

  • Your parents or other family members gift you the amount you need for your deposit. This allows them to help you by providing your deposit for you.
  • They have no ongoing obligations to the Bank.
  • We recommend you seek professional advice about your tax obligations.
  • Please note, gift duty may apply for this option.

If you don’t have the option of help from family members – talk to us about your specific situation – we may still be able to help.

What next?

Check out our comprehensive set of tools and resources for first home buyers in our Home Buyers Centre including our competitive interest rates.

You may wish to apply online for a conditionally pre-approved home loan to get an indication of how much you can spend on a home before you start looking. Or, apply online for a home loan now.

If you prefer, call 0800 185 185 to talk to a lending specialist, find a Mobile Mortgage Manager near you, e-mail us or come into any branch.

Our lending criteria and an application fee apply. Conditions apply to home loan pre-approvals. A low equity premium may apply where a loan amounts to over 85% of the property’s value. A registered valuer’s report will also be required for lending over 80% of the property’s value. (Home Loan fees).

Read our Disclosure Statement.

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Budget Planner

Creating a budget is a great way to help you manage your finances. Enter your income and expenses into our Budget Planner, and we’ll do all the calculations and summarise your results.

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Top tip: Estimating your expenses

Check your account and credit card statements for all your income and expenses. The more information and detail you enter into the Budget Planner the more accurate the results will be.

This material is for information purposes only. Its content is intended to be of a general nature, does not take into account your financial situation or goals, and is not a personalised financial adviser service under the Financial Advisers Act 2008. It is recommended you seek advice from a financial adviser which takes into account your individual circumstances before you acquire a financial product. If you wish to consult one of The National Bank's financial advisers, please contact us on 0800 18 18 18.

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What now?

You’ve made a good start to budgeting – take some time to review or discuss your results. You can either print your Budget Planner or save it as either a PDF or an excel document for future use.

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Save and Invest

Organising your savings and investments can be simple. All you have to do is decide what your goals are, and we can help you find the best way of achieving them.

More information

If you’d like to talk further about any of these options, call 0800 18 18 18, contact any branch, or e-mail us.

A copy of the Bank's Disclosure Statement under the Reserve Bank of New Zealand Act 1989 is available on this website or on request from any National Bank branch, free of charge.

You'll need Adobe Acrobat Reader to read the PDF version. If you don't have it, don't worry - it's free. Just follow this link to the Adobe site to download a copy.

The taxation treatment of Portfolio Investment Entities is covered in the Investment Statement (PDF 138KB).

* ANZ Investment Services (New Zealand) Limited is the issuer/manager of the National Bank Call Fund. The New Zealand Guardian Trust Company Limited is the Trustee of the Fund. The National Bank of New Zealand, part of ANZ National Bank Limited is the distributor of units in the Fund. Units in the Fund do not represent deposits or other liabilities of ANZ National Bank Limited. An investment in the Fund is subject to investment risk, including possible delays in repayment and loss of income and principal invested. No member of the ANZ National Bank Limited Group, the New Zealand Guardian Trust Company Limited or any other person guarantees (either partially or fully) ANZ Investment Services (New Zealand) Limited or the capital value or performance of the Fund or any other products issued by them.

^ A copy of The National Bank KiwiSaver Scheme Investment Statement is available as a PDF at the below link, or you can request one to be sent to you by calling 0800 156 020 Guardian Trust Superannuation Trustees Limited is the issuer of The National Bank KiwiSaver Scheme, ING (NZ) Limited is the Administration and Investment Manager and The National Bank of New Zealand, part of ANZ National Bank Limited, is the Distributor. Units in the Scheme do not represent deposits or other liabilities of ANZ National Bank Limited. Units are subject to investment risk, including possible delays in repayment and loss of income and principal invested. No member of ANZ National Bank Limited Group, ING Group, Guardian Trust Superannuation Trustees Limited, its parent and their respective directors or any other person guarantees or secures (either partially or fully) ING (NZ) Limited and its subsidiaries or the capital value or performance of the Scheme or any other products issued or managed by them.

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National Bank Personal Loan Debt Consolidation Calculator

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How much could you save if you combined all of your debts into one loan? Simply enter the details of your existing debts into the calculator below, and we’ll tell you how much you could save with a National Bank Personal Loan.

As a special offer, we have a great low interest rate of just 14.95% p.a. available until 31 March 2012 on all new personal loans for the purpose of debt consolidation.

Who I owe money to: Total Owed Interest Rate Repayments Frequency Interest Paid
Car Loan $ % $
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Personal Loan $ % $
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Credit Card $ % $
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Hire Purchase $ % $
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Now click calculate to see your potential savings 

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This is an estimate only; it is provided for illustrative purposes only and is based on the accuracy of the information provided. It does not constitute a quote. This material is for information purposes only. Its content is intended to be of a general nature, does not take into account your financial situation or goals, and is not a personalised financial adviser service under the Financial Advisers Act 2008. It is recommended you seek advice from a financial adviser which takes into account your individual circumstances before you acquire a financial product. If you wish to consult one of The National Bank's financial advisers, please contact us on 0800 18 18 18.

The interest rate stated is the current rate applicable to National Bank Personal Loans and is subject to change. All applications for credit are subject to The National Bank’s normal lending approval criteria. Terms and conditions are available on application. A minimum loan amount of $3000 applies. Personal Loans cannot be used to repay an existing National Bank Personal Loan or to repay family and friends. Fees and charges apply. The National Bank, part of ANZ National Bank Limited.