Conditional home loan approval

Getting a home loan conditionally approved is a smart and easy move when you’re planning to buy a home or an investment property. You’ll know what sort of homes you can afford to look at.

A conditional home loan approval is an agreement to lend you a certain amount of money for the purposes of buying a home, provided you meet the conditions the bank outlines. There will be conditions you will need to meet before the final approval is given to you.

If you do not have unconditional home loan approval, we recommend you make your offer subject to finance.

Are you a first home buyer with a deposit of less than 20%?

If your deposit is less than 20% of the home’s value, your home loan application may not be successful. Due to the Reserve Bank's LVR restrictions, BNZ has to put all new home loan applications  through an assessment to ensure that it complies with the restrictions.

A low equity interest rate premium will apply for all BNZ home loan lending with an LVR of over 80% (less than a 20% deposit).

Find out more about the home loan changes

It’s easy to apply for a conditional home loan approval

This is all you have to do:

  • Call 0800 080 222 to arrange a time to visit a BNZ store that’s handy to work or home.
  • If you are a new customer to BNZ (and have already opened an account) you’ll need to bring copies of your account statements covering 3 consecutive months, no older than 6 months from your current bank. If you’re self employed, you’ll need your business’s last two annual financial statements.
  • If you intend to purchase an investment property, you’ll need a copy of the existing tenancy agreement or a rental appraisal from a local REINZ Real Estate Agency signed by the branch manager or the rental manager.
  • To be extra organised, bring a summary of your regular expenses — you could use a website like to create a monthly budget.

One of our team will help you complete the application and they may even be able to give you a conditional approval decision on the spot.

Home loans help and support

If you need some help call 0800 275 269