Eligibility
I'm moving to a new job. Do I need to wait before I can apply for a Simplicity Home Loan?
There is no minimum employment period required to apply for a Simplicity Home Loan. However, when we assess your application, we generally only consider income from your current role if you've been employed in the same position for at least three ...
Who can enter the refinancing ballot?
To enter, at least one applicant must: Be a Simplicity KiwiSaver member, Live in your first home, which must also be your main residence, Be refinancing your existing first home loan, and Not own any other property. Applications must be made by ...
What if my partner is not a KiwiSaver member with Simplicity?
We do not require your partner to be a Simplicity KiwiSaver member. You can apply for the mortgage jointly, and your combined income counts for assessing the amount you can borrow.
How long does it take to join Simplicity?
It takes less than two minutes to complete the application form to switch to the Simplicity KiwiSaver Scheme. It then takes 1-2 working days to process your application. As soon as your account is set up and you have received an email with your login ...
What if I'm not a Simplicity KiwiSaver member?
You need to be a Simplicity KiwiSaver member to apply for a first home loan, but the good news is it takes less than two minutes to switch. Whether you're brand new to KiwiSaver or switching from another provider, all you need is your IRD number and ...
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.
What is your eligibility criteria?
The Eligibility Criteria below, will apply to your Loan: As a first home buyer You will use the loan to purchase your first home. You must be a Simplicity KiwiSaver member. We will lend up to 80% of the value of the property you wish to purchase, ...