Key features & benefits
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Use a top-up to pay for a renovation or big purchase instead of using higher interest rate credit cards or personal loans.
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If you use a top-up to install a sustainable energy system, like solar panels to heat your hot water, you may be eligible for a cash contribution from us to help you pay it off faster.
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You may be able to use a home loan top-up to pay off existing debts.
How it works
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Debt consolidation
If you’ve got a few existing debts with high interest rates, it may be worth topping up your home loan to consolidate them and pay them off. This can reduce your regular outgoings and it might be easier to budget with only one loan to think about.
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Structuring your top-up
Have a think about the length of time it will take to repay the loan. Paying off a kitchen reno over 25 years, means you’ll end up paying a lot more in interest than if you aim to pay if off five or even 10 years. Find out more about structuring your home loan.
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Renovations
If you're looking to make some upgrades and your renovations cost more than what you've already saved, a top-up may be an option to bridge the gap. You'll need to talk to a home loan specialist who can help outline your next steps depending on the type of improvements you're wanting to make.
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How much can I borrow?
The amount you could borrow will depend on how much of your home loan you’ve already paid off, the current value of your home, how much you can afford in repayments and what the top-up is for. Use our borrow more calculator to work out whether you can top-up your existing Kiwibank Home Loan(s).
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Sustainable energy loans
We’ll waive the top-up fee if your top-up is to pay for installing an eligible sustainable energy system, like solar panels or a wind turbine. You may also be eligible for a $2,000 contribution from us (over four years) towards the cost. Find out more about a sustainable energy loan.
Top-up your existing Kiwibank Home Loan
We have home loans specialists to help you through the process of topping up your existing home loan with Kiwibank.
You’ll need to let us know:
- the amount you want to borrow
- what it’s for
- if there have been any changes to your financial situation since we set up your home loan — e.g. you’ve had a baby or you’re making more money.
If you’ve got a joint home loan with another person, we’ll need to confirm the top-up with them too.
Talk to a specialist
Our home loan specialists can walk you through the process of applying for a home loan top-up and discuss what your options are.
Find a specialistTry our borrow more calculator
Use our calculator to work out whether you can borrow more by topping up your existing loan(s), and compare different interest rates and repayment scenarios for the additional loan.
Calculate nowHome loan standard terms and conditions
Displayed interest rates are subject to change. Kiwibank’s lending criteria, terms and conditions, and fees apply.