Participating lenders credit criteria

Whilst Kāinga Ora sets the eligibility criteria, it is the lender that assesses First Home Loan applications, and makes their lending decision.

In addition to meeting the governments eligibility for a First Home loan, you will also need to meet the lending criteria of your preferred lender before your loan can be made.

All banks and credit unions have slightly different lending criteria but they will include your financial ability to repay the loan, your financial circumstances, your credit history and the way you’ve conducted your bank accounts in the past.


Westpac link)
Call Free: 0800 177 277


Kiwibank link)
Call Free: 0800 272 278
Contact us(external link)



NZCU employees link)
Call: 09 579 0448



The Cooperative Bank link)
Call free: 0800 134 034



SBS Bank link)
Call Free: 0800 727 2265

Call Free: 0800 229 943


Nelson Building Society link)
Call Free: 0800 101 700


NZHL link)
Call Free: 0800 332 837

Page updated: 26 April 2022