The amount you can borrow depends on:
You add a top-up to your existing loan — but you can structure it differently and pay it off faster to reduce how much interest you pay.
Fix or float, try to pay off the extra debt as quickly as you can by setting up your top-up with a shorter term — otherwise that overseas holiday or new kitchen could cost you thousands extra in interest over the life of your home loan.
If you’re topping up for a renovation that requires a building consent, we’ll need to see the consent first. Talk to us for a conditional approval, so you can line up your tradies while we do the paperwork.
If you’ve got a few existing debts with high interest rates it may be worth topping up your home loan to pay them off. This can reduce your regular outgoings, and it might be easier to budget with only one loan to think about.
Special conditions apply when the amount of your home loan is 80% or more of the value of your property. Give us a call to talk through your options.
We’ll waive the top-up fee if your top-up is to pay for installing a sustainable energy system, like solar panels or a wind turbine. We’ll also kick in $2,000 (over four years) towards the cost.Find out more details and conditions
There’s a $200 loan top-up fee.
Give our home loans team a call on 0800 000 654, or download an application form (PDF 129.2 kB).
You’ll need to let us know:
If you’ve got a joint home loan with another person, we’ll need to confirm the top-up with them too.