Benefits at a glance
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Save up to $2,500 using our Refinancing Package
With a free legal transfer service, no application fees and often no need for a registered valuation, our Refinancing Package could save you up to $2,500 of the cost of refinancing when you switch your home loan to us. See eligibility criteria below.
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Structure your home loan to suit your needs
Lock in a competitive fixed rate if you’re after certainty or enjoy flexibility with a variable rate. We’ve also got offset home loans which may reduce the amount of interest you pay on your home loan.
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We'll help you make the switch
Our home loan specialists will help make the transition of switching your home loan to Kiwibank as smooth as possible.
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.
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.
Tips & tools to help you switch your home loan
Repayments & structuring calculator
Compare different term loan structures, interest rates and repayment amounts.
Home loan options
Check out your structuring options. You can structure your home loan to suit you, whether you want flexibility or certainty.
Jargon buster
Learn the language and understand the jargon that's used on your home buying journey.
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 specialistTry 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 nowHome loan standard terms and conditions
Displayed interest rates are subject to change. Kiwibank’s lending criteria, terms and conditions, and fees apply.
Retail products aren't available to financial institutions or wholesale customers.
Our Refinancing Package is non-redeemable and can't be exchanged for cash.