Switch your home loan to Kiwibank
Switch your home loan to Kiwibank and get our refinancing package and a structure tailored to suit your circumstances. This is a competitive home loan deal.
Benefits at a glance
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1Tahi
Save up to $2,000 using our refinancing package
With a free legal transfer service, no application fees and often no need for a registered valuation, our refinancing package could save you up to $2,000 off the cost of refinancing when you switch your home loan to us. See eligibility criteria below.
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2Rua
Structure your home loan to suit your needs
Lock in a competitive fixed rate if you’re after certainty or enjoy flexibility with a variable rate. We’ve also got offset home loans which may reduce the amount of interest you pay on your home loan.
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3Toru
Support New Zealand with a Kiwibank home loan
When you switch your home loan to Kiwibank, you’re joining a million other Kiwi who are banking on New Zealand.
Get 1% of your new home loan in cash, up to $10,000
Whether you're a first home buyer, looking for your next home or are ready to switch, get 1% of your new home loan with Kiwibank as a cash contribution, up to $10,000.
Minimum new lending $300k. Minimum 20% equity required and income credited to a Kiwibank account. Offer available for new home loans applied for from 7 June 2022 - 15 July 2022. Drawndown by 26 August 2022. Conditional on your banking relationship with us not significantly changing over the next four years. Excludes loans for business purposes. Cash contribution terms apply.
How to switch your home loan
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Talk to our home loan specialists
Our home loan specialists can walk you through the process of switching your home loan to Kiwibank and help you complete an application form. We’ll ask about your earnings, expenses, savings and how much you want to borrow.
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Reviewing your application
We’ll review and discuss your home loan application with you, along with the loan structure options suitable to your needs.
At this point, we can check your eligibility for our refinancing package to help make the switch easier.
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Our refinancing package
With our refinancing package, you’ll be using our legal transfer service instead of your own lawyer. This can make the process easier and save you money on legal costs.
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Accept and sign
Once we've finalised your home loan offer and you're happy to go ahead, the documents will be sent to:
- You if you're using our refinancing package; or
- Your lawyer.
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Making the switch easy
As well as moving your home loan to Kiwibank, we can also help with switching all your accounts, moving your regular payments and arranging to close your accounts from your current bank.
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Fees
Your current bank may charge fixed rate break costs or discharge fees.
If you don't use our refinancing package, you’ll also need to pay your own legal costs.
Ready to make the switch to Kiwibank?
We have home loans specialists and tools to help you through the process of switching your home loan to Kiwibank.
Talk to a specialist
Our home loan specialists can walk you through the process of buying a home and discuss what your options are.
Find a specialistUse our calculators
Our first home buyer and repayment calculators can help you work out how to manage your home loan, pay your home loan off more quickly or get you into your new home.
Calculate nowOur refinancing package
- There are no legal costs as our legal transfer service is free, saving you up to $1,000 in legal costs.
- There's no application fee, saving you up to $400 when compared to other banks.
- In many cases, no registered valuation is required, saving you up to $600.
Eligibility criteria
- Your home loan needs to be at least $50,000
- Your current mortgage must be with another bank or financial institution
- There aren’t any guarantors on your home loan
- You have 20% equity in the property being used as security
- The ownership of your home loan property isn’t changing and your home loan is secured by a maximum of two securities (properties)
- If you're using an apartment, townhouse or leasehold property as your security, you may need to obtain (and pay for) a registered valuation
- The documentation must be signed by the property’s owner (not a power of attorney)
- The refinance can’t form part of a series of same day transactions
- It can't be for business banking purposes.
Tips & tools to help you switch your home loan
Standard terms and conditions
Displayed interest rates are subject to change. Kiwibank’s lending criteria, terms and conditions, and fees apply.
The repayment calculator should be used as a guide only. It doesn't take into account all of your individual circumstances and isn't intended as financial advice.
Retail products aren't available to financial institutions or wholesale customers.