Kiwibank Refinancing Package

You could save up to $2,000 with our refinancing package. Here's how:

  • you'll pay no legal fees because Kiwibank's legal transfer service is free – using your own lawyer could cost up to $1,000
  • there's no registered valuation required, unless you're using an apartment, townhouse or leasehold property as your security – this could save you up to $600
  • you'll pay no application fee, saving up to $400
  • there are no transaction fees on your everyday banking (service fees may apply).

Our refinancing package is completely free for residential property loans that tick the following boxes:

  • the loan is over $50,000
  • it's less than 80% of the current market value of the residential properties provided as security
  • it can be transferred to Kiwibank without changing who owns the security
  • it's secured by two or less securities
  • the refinancing documentation is not signed under a power of attorney
  • the refinancing doesn't form part of a series of same day transactions.

If you're using an apartment, townhouse or leasehold property as your security, you'll need to obtain and pay for a registered valuation. If not, Kiwibank's refinancing package won't cost you a cent.

The refinancing package is not available for business banking customers.

Conditions

Our refinancing package is completely free for residential property loans that tick the following boxes:

Your existing lender may charge break costs or discharge fees and these are not covered as part of the refinancing package. If you want to use your own solicitor, you can still use the refinancing package, but your solicitor's fees and costs are not covered as part of the refinancing package. You will need your own solicitor if the loan cannot be transferred to Kiwibank without changing who owns the security, where the refinancing documentation is signed under a power of attorney or where the refinancing forms part of a series of same day transactions.