Sovereign Home Loans

Sovereign is a New Zealand-based bank which provides home loans, mortgage insurance, health insurance, business banking and life insurance.

Loan Options: What Sovereign home loans offer

Here’s a snapshot of Sovereign’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 Sovereign offer?

The two main types of home loan offered by Sovereign are:

  • Fixed interest: if you to want to set up regular 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 on your home loan and are comfortable knowing the interest rate may increase or decrease with the market.

Both loans have the options of taking payment holidays, going interest-free, or, in the case of variable-rate products, 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 Sovereign home loans:

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Sovereign FAQs

Applying for a Sovereign home loan is a simple process; just compare home loans on the Canstar website to find the best home loan for you, and then either register for Sovereign’s online ‘go’ service or fill out their ‘have an adviser contact me’ form.

You can also call Sovereign on 0800 500 174 any day of the week to speak to a home loan expert; you can drop into your local Sovereign branch when convenient to discuss lending advice.

Follow our applying for a home loan checklist, and use the Canstar website to compare Sovereign 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 Sovereign home loan, you will need evidence of the following:

  • 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 drivers licence

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

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Sovereign offers you the option of making monthly or fortnightly payments on Fixed Interest and Floating Interest home loans. As with most home loan products, 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.

Sovereign allows extra repayments on their Fixed and Floating interest home loans. You can also make lump sum repayments at any time, and any extra payments are available for redraw (withdrawal from your loan) at no cost if you change your mind. However, extra or lump sum repayments on a fixed-rate home loan may incur fees. 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:


Yes, Sovereign’s variable rate home loans offer the option to top up your home loan (i.e. borrow back money that you’ve already put towards your home loan in the form of additional repayments). You can apply for a loan top up using Sovereign Internet Banking. Fees and charges may apply to use of a redraw facility; contact your lender for details or learn more about redraw facilities here.

If you’re in the market for a home loan, compare your home loan options with Canstar:

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Working in New Zealand for over 25 years, Sovereign’s goal is to build and protect the lives, wealth and health of their consumers. As New Zealand’s largest life insurer and one of the country’s leading private health insurers, they are committed to putting people first.

Sovereign currently insures more than 646,000 New Zealanders and their families, and paid out more than $350 million to New Zealanders suffering from illness in the 2016/17 financial year.

Sovereign support a number of New Zealand local communities and charities, including:

  • Youthline
  • Sovereign Tri Series CEO Challenge
  • Imake a Difference
  • Rainbow tick diversity and inclusion program
  • The Hunger Project

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Sovereign - Inv Go Home Loan Fixed

Canstar Research
Award: 4 Star Rating Home Loans

Investment Fixed Rate

Investment Go Home Loan Fixed

View the 2018 Home Loans Star Ratings Report

Written by: Regina Collins | Last updated: May 22, 2018