The Co-operative Bank Home Loans


The Co-operative Bank is a New Zealand-based bank which provides home loans, debt consolidation, personal loans, credit cards, accounts, insurance and investments.

Loan Options: What The Co-operative Bank home loans offer

Here’s a snapshot of The Co-operative Bank’s variable home loans currently on offer for a loan amount of $600,000 in Auckland. Please note that this table is formulated based on paying both principal and interest and results are sorted by our star rating (highest to lowest). To compare other home loans, please click here.

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The inclusions below represent a selection of the features available with a standard variable rate home loan for an owner occupier. Canstar is not making any suggestion or recommendation to you about this product. Additional conditions may apply to different features. Please see our comparison tables for more detailed information about products on offer from this provider. Please ensure that you read the product disclosure statement (PDS) to determine all the current loan terms and conditions for the product you are considering.

Variable home loan features to look for

What types of home loans does The Co-operative Bank offer?

The five home loan products offered by The Co-operative Bank are:

  • Fixed interest: if you to want to set up regular, fixed repayments knowing they’re not going to change for between 6 months and 5 years.
  • Variable/floating interest: if you want the flexibility to be able to pay lump sums off your home loan, and are comfortable knowing the interest rate may increase or decrease with the market.
  • Revolving credit: if you’re a good budgeter and want the flexibility to be able to pay off or redraw at any time.
  • First home buyer loan: if you are a first home buyer with at least a 10% deposit, you can apply for this loan.
  • Welcome home loan: If you take out a welcome home loan with The Co-operative Bank before 31st October 2018, they will deposit $500 into your account to help with moving in costs.

Some loans offerthe option of taking payment holidays, going interest-free, or in case of variable, switching to a fixed-interest loan at any time. For more information on different types of home loans, check out the following articles:

Find out about how different types of home loans work here. See our comparison tables for details of The Co-operative Bank home loans:

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The Co-operative Bank FAQs

Applying for a Co-operative Bank home loan is a simple process; just compare home loans on the Canstar website and apply online on the Co-operative Bank website for the loan of your choice. You can also call The Co-operative Bank on 0800 554 554 any day of the week to speak to a home loan expert; you can drop into your local Co-operative Bank branch when convenient to discuss lending advice. Additionally, you can call 0800 134 034 to speak to one of their mobile mortgage managers.

Follow our applying for a home loan checklist, and use the Canstar website to compare The Co-operative Bank home loans with other home loans before choosing a product that suits your needs:

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Before you start your application for a Co-operative Bank home loan, you will need evidence of:

  • Your income, including salary, dividends, rent, business profits etc.
  • Your expenses, such as food, rent, bills, loan debts, insurance etc.
  • Your deposit – how much cash or equity you have, including any KiwiSaver investments
  • Your personal details, including a form of valid photo ID such as your passport or driver’s licence and proof of address

For more information on what is involved, follow our applying for a home loan checklist, and use the Canstar website to compare The Co-operative Bank home loans with other home loans before choosing a product that suits your needs:

Compare Home Loans

As with most banks, interest is calculated daily on your remaining principal; this means that any payment you make before your monthly due date will reduce your principal, and thus reduce the amount of interest you have to pay. Terms and conditions apply; contact your lender for details.

Find out how making extra repayments could save money in interest over the life of your loan in this article or use our Extra Repayments Calculator for yourself:


Operating since 1928, the Co-operative Bank has been focused on helping New Zealander’s get ahead financially for 90 years! One of their goals is to “change banking for good” and they do so by developing innovative product offerings and digital channels.

Source: The Co-operative Bank

The Co-operative Bank has ranked first among New Zealand Banks in customer satisfaction, particularly in the field of internet and mobile app banking.  Customers are rewarded prizes for their loyalty to the bank, including an entry into their monthly draw to win a Mini Cooper. Every $100 you deposit into your Prize Draw Saver account gives you one entry into the draw.


The Co-operative Bank - Investment Fixed

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Investment Fixed Rate

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Written by: Regina Collins | Last updated: June 27, 2018