Switch your home loan to Kiwibank

Switch your home loan to Kiwibank with our Refinancing Package and a structure tailored to suit your circumstances. This is a competitive home loan deal.
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Benefits at a glance

Expert guidance to make the switch

When you're ready, book an appointment with one of our home loan specialists.

A Kiwibank home loan specialist will:

  • Walk you through the process of switching your home loan to Kiwibank
  • Provide information and answer any questions about our Refinancing Package and your eligibility
  • Ask about your earnings, expenses, savings and how much you want to borrow
  • Help you complete an application form, review it, and submit
  • Help you choose the loan structure that is most suitable to your needs.

Once we've finalised your home loan offer and you're happy to go ahead, we'll send over the documents. They'll come to you if you're using our Refinancing Package, otherwise they'll be sent to your lawyer.

It's important to note that your current bank may charge fixed rate break costs or discharge fees.

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Our Refinancing Package

Eligibility criteria

When you choose to use our Refinancing Package, you’ll be using Kiwibank’s legal transfer service instead of using your own solicitor.

To qualify for the Refinancing Package free of charge, you’ll need to meet certain criteria:

  • Your home loan needs to be at least $50,000;
  • You have 20% equity in the property being used as security;
  • Your home loan is secured by a maximum of two securities;
  • If you're using an apartment, townhouse or leasehold property as your security, you may need to obtain (and pay for) a registered valuation;
  • There aren’t any guarantors on your home loan;
  • The ownership of the properties isn’t changing;
  • The documentation must be signed by the property’s owner (not a power of attorney);
  • The refinance can’t form part of a series of same day transactions.

Note: Your existing lender may charge break costs or discharge fees, and these aren’t covered as part of the Refinancing Package.

If you don't meet the criteria

If you don’t meet the above criteria, you may still be able to use our Refinancing Package to switch to Kiwibank, but you’ll need to pay a Refinancing Package fee. This fee reflects the legal and other services carried out by our agents.

The Refinancing Package fee is calculated as follows:

  • $250 per home loan agreement; and
  • $150 per additional security after the first two.

The Refinancing Package is not available if:

  • There are any guarantors on your home loan;
  • The ownership of the properties is changing;
  • The documentation is not signed by the property’s owner;
  • The refinance forms part of a series of same day transactions;
  • The security being offered is unencumbered;
  • The refinance is for Business Banking Purposes.

If our Refinancing Package is not used when refinancing to Kiwibank, you’ll need to use your own solicitor. Your solicitor’s fees will not be covered by us.

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Ready to make the switch to Kiwibank?

We have home loan specialists and tools to help you through the process of switching your home loan to Kiwibank.

Talk to a specialist

Our home loan specialists can walk you through the process of buying a home and discuss what your options are.

Find a specialist

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.

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