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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.

Heartland Rural Direct

Our rates

Choose the loan type that’s right for you, whether fixed, floating, revolving credit or a combination of all three.





1 year fixed




2 year fixed




3 year fixed




Revolving credit




Charged monthly

Interest rates accurate as at 17/10/21

Benefits of refinancing with Heartland

*$750 credit for new home loan customers who refinance more than $100,000 at our floating interest rate for 12 months or more. If you borrow more than $500,000 you could be eligible for a credit of up to $1,500. The loan amount can either all be on floating, or on a combination of floating and fixed.

Check if you're eligible

  • a NZ citizen or permanent resident, over 18 years old
  • looking to refinance your home and have at least 20% equity
  • currently living in the property
  • able to meet the repayments over the requested loan term from your salary or wages
  • able to have your income paid into a YouChoose account. We can help you open one during the application process.
  • a standalone, single section house that is freehold, cross lease or on a unit title
  • 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.
Heartland’s lending criteria, terms, conditions and fees apply.

Keen to get started?

Apply now

How does it work?


You’ll apply and get a decision online


You’ll provide us your bank statements or IRD summary of earnings


We’ll send you a letter of offer and confirm your new loan structure


You’ll provide us with a copy of your current home loan statement to confirm the refinance amount


We’ll confirm your identity using biometrics and open your YouChoose account


We’ll send documents to your solicitor to sign with you, and then we’ll open your home loan!

Calculate what you could save

Keen to refinance before your fixed term is up, but not sure whether it’ll be worth the break fees from your current provider? We can incorporate your break fees into your new Heartland Home Loan so you can pay them off over time.

This calculator 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 input, 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 that would be charged on your current mortgage 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 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. Lending criteria, terms, interest rates and fees apply.