Skip to main content
All CollectionsDosh home loans
Full eligibility criteria
Full eligibility criteria

Am I eligible to apply for a dosh home loan?

Stacey Fairclough avatar
Written by Stacey Fairclough
Updated over a week ago

Before applying for a dosh home loan, please ensure you meet the below eligibility criteria.

As borrower/s you must

  • Be aged 18 years or older

  • Be a New Zealand citizen or permanent resident

  • Have 3 months of steady income and can provide 3 months of statements showing your income and expenses:

    • If you have been with your current employer for less than 3 months you may need to provide an employment contract

    • If you are self employed, you will need to have been employed for 12 months and provide the most recent year’s financial statements

  • Be an individual with no borrowers being a trust or look through company

If you are looking to purchase a property

  • You are intending on buying a residential property to live in

  • Westpac Construction loans and Westpac First Home Loan are currently not available

  • Borrowing up to 80% of the property’s value

    • If your lending amount is above 80% you may be asked to provide a registered valuation, and the dosh home loan rates may not apply

    • If you are purchasing an apartment, you may be required to provide a registered valuation if you are borrowing over 50% of the property’s value

If you are looking to refinance your existing property

  • The remaining balance of your existing home loan is less than 80% of the property’s value

  • You are refinancing a property that you currently live in, or it is a second dwelling that you do not rent out. A holiday home is considered a second dwelling

If your application is approved, you will be eligible for a Westpac Choices Fixed or Choices Floating Home Loan

  • Interest only loans are not available

  • Revolving Home Loans are not available

* Dosh does not provide financial advice on your application or property purchase. We recommend you seek financial advice.

Dosh home loans are approved, issued and managed by Westpac New Zealand Limited ("Westpac NZ") and promoted by Dosh.

Did this answer your question?