What you’ll get with us

Our pain-free refinancing package

We’ll make it easy to make the switch. Our refinancing package includes:

  • no legal fees because Kiwibank's legal transfer service is free. Using your own lawyer could cost up to $1,000
  • no application fee, saving you up to $400 when compared to some other banks
  • no registered valuation required in many cases. This could save you up to $600 on our usual process. Please note that you may need a valuation if you have low equity or if you're using as your security an apartment, townhouse or leasehold property, or a property with earthquake or water tightness issues.

We’ll also switch over all your accounts and move your regular payments — and we can close your old accounts for you when we’re done. Please note that your existing lender may charge break costs or discharge fees which are not covered as part of the refinancing package.

How it works

To get the refinancing package:

  • your home loan needs to be at least $50,000
  • you can’t change who owns the property during the transfer and your loan can be secured by no more than two securities
  • you can’t have a guarantor on your home loan
  • the refinancing documentation must be signed by the property’s owner (not a power of attorney)
  • you can’t finalise the sale or purchase of the property on the same day as the refinancing
  • if you are using an apartment, townhouse or leasehold property as your security, you will need to obtain (and pay for) a registered valuation
  • if you don’t have 20% equity in the property the home loan is for, we may still be able to switch you over — but you might need to pay a low equity fee. The amount of the fee depends on how much of your house you own — you can choose to pay it up front or add it to your loan
  • the refinancing package is not available for business banking purposes.

Make the move

  • Give us a call on 0800 000 654 between 8am and 6pm, Monday to Friday, or start the application process.

  • If you’re approved, we’ll finalise the loan offer and you’ll sign on the dotted line.

  • We’ll switch over your accounts and payments, and close your accounts at your old bank.

  • Boom. You’re one of us!