Do you offer top-up loans?

Do you offer top-up loans?

Yes, we do. A top-up loan allows you borrow additional funds on top of an existing Simplicity Home Loan.

If approved, the new amount is combined with your current loan, and you’ll receive a new loan agreement to review and sign.

Approval is subject to meeting our eligibility and lending criteria.
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    • How do I repay my loan?

      Your minimum mortgage repayments will be processed by direct debit from your chosen bank account. Lump sum or top-up payments can be made at any time without any penalties or break fees. We won't accept payments from credit cards.
    • Do I need to get a solicitor?

      Yes, once you have found a property you would like to buy, you will need to engage a solicitor or conveyancing professional to complete your conveyancing. You’ll be responsible for all your legal costs in purchasing the property. It’s important to ...
    • How long is the mortgage for?

      The mortgages are for 30 years, and minimum monthly payments include interest and principal. You can pay off your mortgage in full, make top-up payments or switch it to another mortgage provider at any time, without any penalties or break fees. Your ...
    • Do I have to repay principal as well?

      Yes, all loans are for a maximum of 30 years. You will have to repay some principal every year. The amount you pay every month should remain the same unless there is an interest rate change. You will be given one month’s notice of any interest rate ...
    • How do I apply for a home loan?

      If you’re a Simplicity KiwiSaver member, you can apply online through our member website. Sign in to your KiwiSaver account, click on the Home Loans tab and then fill in the online form. If you're not an existing member, you can join here.

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