Benefits at a glance
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1Tahi
Save up to $2,500 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 $2,500 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.
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 specialistTry our calculators
Looking to fine tune the structure of your home loan or work out how much you could borrow? Use our calculators to compare options for your home loan.
Calculate nowRefinancing package eligibility criteria
- If you qualify, there are no legal costs as our legal transfer service is free, saving you up to $1,500 in legal costs.
- A registered valuation report may not be required (depending on the type of security), saving you up to $1,000.
- Your home loan being refinanced to Kiwibank needs to be at least $50,000
- Your current mortgage must be with another bank or financial institution and can't be a private mortgage or lending arrangement
- There aren’t any guarantors on your home loan
- You have at least 20% equity in the property being offered as security
- The ownership of your property being offered as security isn’t changing, and your home loan is secured by a maximum of two securities (properties)
- If you're using property that's not a residential freehold property as your security, we may need you to supply a registered valuation at your cost
- The documentation must be signed by the property owner/s, and not a power of attorney or other form of delegated signing authority
- The refinance can’t form part of a series of same day transactions
- The Kiwibank refinance package can't be for business banking purposes.
Tips & tools to help you switch your home loan
Home loan standard terms and conditions
Displayed interest rates are subject to change. Kiwibank’s lending criteria, terms and conditions, and fees apply.
Retail products aren't available to financial institutions or wholesale customers.
Our refinancing package is non-redeemable and can't be exchanged for cash.