Refinancing with Heartland
Looking to refinance your mortgage? Heartland’s simple online application and great rates could save you money and stress.Better yet, you could get a credit of up to $1,500 if you refinance onto our floating rate and stay floating for 12 months.
Why refinance with Heartland?
Our rates
Choose the loan type that’s right for you, whether fixed, floating, revolving credit or a combination of all three.
Floating
7.99
%
p.a.
Revolving credit (floating)
7.99
%
p.a.
1 year fixed
6.89
%
p.a.
18 month fixed
6.69
%
p.a.
2 year fixed
6.55
%
p.a.
3 year fixed
6.35
%
p.a.
Interest rates accurate as at 27/04/24
Are you eligible?
To be eligible to apply, you'll need to meet the following criteria.
You must be:
- a NZ citizen or permanent resident, over 18 years old
- looking for a home and have a 20% deposit, or already owning a home and have at least 20% equity
- planning to live or currently living in the property
- able to meet the repayments over the requested loan term from your salary or wages
- able and willing to use bank statement retrieval to verify your income
The home must be:
- a standalone, single section house or a
- on a freehold, cross lease or on a unit title (not leasehold)
- located in an urban centre
- owned or purchased either joint or individually (not in a trust or company)
- already built.
The home must not be:
- a monolithic or plaster clad property consented before 1 January 2006.
- an apartment
You'll also need to have your income paid into a YouChoose account, or your revolving credit account. If you don't have one, we can help you open one during the application process.
Heartland's responsible lending criteria, terms, conditions and fees apply.
How does it work?
1
You’ll apply and get a decision online
2
You’ll provide us your bank statements or IRD summary of earnings
3
We’ll send you a letter of offer and confirm your new loan structure
4
You’ll provide us with a copy of your current home loan statement to confirm the refinance amount
5
We’ll confirm your identity using biometrics and open your YouChoose account
6
We’ll send documents to your solicitor to sign with you, and then we’ll open your home loan!
Compare switching to Heartland with refixing with your current bank
Nearly time to refix your home loan? Use our calculator below to weigh up some of your options.
This calculator does not constitute financial advice. It is a general tool to estimate repayments and the total loan cost only, and is not an offer of finance by Heartland. Our calculations are based on the information you have entered, including the interest rate and loan term you selected, and are calculated at the interest rate being constant for the entire loan term. The total interest difference is based on the total interest charged on a mortgage from your current bank at the interest rate you selected if the rate was constant for the entire remaining loan term, minus the total interest that would be charged on a Heartland mortgage if the selected rate was constant for the entire selected term. Changes to interest rates and/or the repayment amounts will change this. Our quoted interest rates are subject to change. Heartland's responsible lending criteria, terms, conditions and fees apply.
You are protected by responsible lending laws. Because of these protections, the recommendations given to you about Heartland loans are not regulated financial advice. This means that duties and requirements imposed on people who give financial advice do not apply to these recommendations. This includes a duty to comply with a code of conduct and a requirement to be licensed.
