How it works
If you have an existing home loan with us, you might be able to top it up.
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. A home loan top-up fee applies.
There are a whole range of things you can use a top-up for, including:
If you want the money for a renovation that requires a building consent, we’ll need to see the consent before we can approve the top-up. 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.
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.
Work it out
Use our mortgage calculators to work out how much longer it might take to pay off your home loan or what your repayments might be if you decide on a top-up.
Think about the structure
Have a think about how long a term you set it up for. 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.