• Prebuilt home loans are purpose-designed for prefabricated (prefab) houses.
  • You need as little as 10% deposit¹.
  • Provides funding while the house is being built at the factory.
  • Conditional approval, giving you plenty of time to find the right section and plan your build².

How it works.

Designed for pre-built homes

Prebuilt is similar to a normal construction loan. The difference is, it covers prefabricated homes that are built in a factory and transported on to your site. This is why prefab homes are quicker and more cost-effective to build.

With a pre-built home, there are a few extra requirements to protect you financially. These include:

  • Additional insurance cover during the different stages of the construction (i.e. the initial build and transportation to site)
  • Some requirements for your builder to meet before construction begins.

Read more about construction loans

What kind of home can I get?

From a tiny house to a spacious family home, you might be surprised at all the different sizes and styles of prefabricated homes. Visit Prefab NZ to learn more.


Find the best option for you with our home loan calculators.

Get in touch.

Meet with an expert

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Things you should know.

1 High LVR loans are only permitted for a new build with a single fixed price contract that specifies a completed, ready to live in property. We may require you to protect against loss of deposit, non-completion and workmanship risks with a satisfactory insurance product. A low equity margin may apply. 

2 Conditional approval requires a credit check for all applicants, confirmation of the details provided in your application and responsible lending inquiries. Other conditions may also apply depending on the nature of your application.

Westpac's eligibility criteria, home loan lending criteria, terms and conditions apply. A low equity margin may apply.

Documents and fees

See the detailed terms and conditions and fees for our Choices Home Loan:

View terms and conditions for all our home lending products here.