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Looking for a better home loan deal? Switch your home loan to Kiwibank and get a competitive interest rate and a structure tailored to suit your circumstances.
Benefits at a glance
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.
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.
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.
Current rates & specials
Interest rates are subject to change.
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 fees.
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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 for your own legal fees.
Bank of the Year - Home Loans
We've received Canstar's 2021 Bank of the Year - Home Loans Award.
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.
Our refinancing package
- There are no legal fees as our legal transfer service is free, saving you up to $1,000 in legal fees.
- 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.
- Our package is free of charge when you meet our eligibility criteria. Otherwise, fees apply.
Eligibility criteria
- Your home loan needs to be at least $50,000
- You have 20% equity in the property being used as security
- If you're using an apartment, townhouse or leasehold property as your security, you'll need to obtain (and pay for) a registered valuation
- The ownership of your home loan property isn’t changing and your home loan is secured by a maximum of two securities (properties)
- There aren’t any guarantors on your home loan
- 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 calculators should be treated as a guide only. They don't take into account all of your individual circumstances and aren't financial advice.
Retail products aren't available to financial institutions or wholesale customers.