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At Heartland Bank, we’re on a mission to improve the lives of Kiwis by making money work for them. We believe banking shouldn’t be hard. We’re always working to integrate innovative new technology that enables you to live and bank the way you want.

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Heartland drops its market-leading home loan rates further

Heartland has disrupted the home loans market again by lowering its already market-leading 1-year fixed and floating term loan rates, including its new revolving credit account.

See Heartland’s full rate list below as of 12 May 2021, with newly lowered rates bolded:

  • 1.85% p.a. 1-year fixed
  • 2.35% p.a. 2-year fixed
  • 2.45% p.a. 3-year fixed
  • 1.95% p.a. floating term loan
  • 2.35% p.a. floating revolving credit


Heartland re-entered the residential mortgage market in 2020 with the launch of its self-serve online home loans platform and market-leading 1-year fixed rate. Since 31 December 2020, the fintech lender has seen a 173% increase in average monthly drawdowns, and has received over 6,600 applications since launching in October 2020.

What sets Heartland’s offering apart is its digital application – those who meet the eligibility criteria can apply in minutes and get a decision online, with no need to make an appointment or arrange for someone to come to them.

This ‘self-serve’ model is designed for people who are keen and able to apply for a mortgage without the help of a bank representative. Successful applicants are rewarded for their effort with low rates. The online process means there are fewer customer-to-employee interactions, which translates to a lower cost of onboarding – this enables Heartland to pass those savings on to customers.

“People shouldn’t need to pay so much for their mortgage,” explained Heartland Bank CEO Chris Flood. “Our approach to home loans is disrupting the traditional market in favour of a digital solution, one which can offer customers market-leading rates and time savings.”

Homeowners who switch to Heartland’s 1.95% p.a. floating rate and stay floating for 12 months can get a credit of up to $1,500. To be eligible for a Heartland Home Loan, customers must be refinancing or purchasing a standalone house on a single section in an urban New Zealand centre, have a deposit or equity of at least 20% and intend to live in the home.

Heartland Home Loans customers can keep track of their mortgage balance and statements through the Heartland Mobile App.

Find out more and apply online.

Heartland Bank’s responsible lending criteria, fees, terms and conditions apply.

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