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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 ...
Does being selected in the refinancing ballot guarantee I’ll get a loan?
No - selection gives you the opportunity to apply for a home loan. All applications are still subject to Simplicity’s lending criteria, credit checks and legal requirements.
If I join Simplicity, how long before I can apply for a first home loan?
It takes 1-2 working days to process a complete KiwiSaver application form. As soon as you've received an email from us with your account and login details, you'll be able to apply for a first home loan.
Can I apply for a refinancing loan jointly with someone else?
Yes. You must confirm that you comply with the eligibility criteria for a Simplicity First Home Loan and at least one applicant must meet all of the following criteria: Simplicity KiwiSaver member Refinancing their first home Does not own any other ...
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.