Making changes to your home loan

Life changes, and your home loan can too — check that it's still set up to suit your lifestyle and your circumstances, and make changes if you need to.

Review your home loan

Thinking about making changes to your home loan? Start by reviewing your current situation and the market we're in.

  • Review your repayments

    Get a feeling for what's possible. Put your current numbers into our repayments and structuring calculator, then play around with the settings. Have you had a payrise and can afford higher repayments? Do you have a new baby and want to decrease payments for a while? See how your repayments could change.

  • Look at interest rates and terms

    What are interest rates currently doing? Is it better to fix for longer or shorter? Do you want to keep your options open? Compare our current rates and see which terms would work best for you right now.

Re-fix or restructure your loan

Start a new fixed term or make changes to how your home loan is structured.

  • Re-fix your fixed term loan

    If you have a fixed rate loan coming to an end, think about what you want to do.

    You can re-fix online — see our step-by-step guide. If you're not ready to re-fix, you can let this term come to an end and it'll automatically roll onto a variable rate. You can also look into splitting the balance of this loan up.

  • Split your home loan into multiple loans

    Your home loan doesn't need to be on one loan only — you can split it up into multiple loans or portions. Opting to have a mix of variable and fixed rates can give you more flexibility to make extra or lump sum payments while keeping some certainty of knowing that payments on the fixed loan will be stable for a set time. Doing this at the end of a fixed term can help you avoid break-costs.

  • Change type of home loan

    If your circumstances are changing and you think another loan type might suit you better, you can restructure your loan to include it. For example, if you've been thinking about doing renovations, a revolving loan might have the benefits you need. If you've built up a chunk of savings but want to keep them on hand, consider an offset loan. Timing is important - if you have any fixed terms and want to restructure before they come to an end, there might be a break cost.

Adjust your repayments

Make changes to your repayments or pay a lump sum towards your home loan.

  • Increase your repayments

    If your circumstances have taken a turn for the better — you've had a pay rise, for example — take a look at our repayments and structuring calculator to see what a difference increasing your payments could make.

  • Make a lump sum payment

    Put some extra money towards your home loan. If you have a variable loan, you can do this within our mobile app or internet banking. Otherwise, you can send us a secure message to get started. See our step-by-step guide.

Make a change to your existing Kiwibank Home Loan

We have home loan specialists and tools to help you through the process of making a change to your existing home loan.

Talk to a specialist

Our home loan specialists can walk you through the process of making changes to your existing home loan and discuss what your options are.

Find a specialist

Call us

Give our home loan team a call:

Mon – Fri: 8am – 8pm
Sat – Sun: 8am – 4:30pm

Call 0800 000 654

Try 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 now

This page provides general information and isn't intended as regulated financial advice. If you'd like us to review your specific situation, please contact one of our home loan specialists.

Standard terms and conditions

Displayed interest rates subject to change. Kiwibank’s lending criteria, terms and conditions and fees apply.