Need a little mortgage top up?
We'll happily arrange a top up for you with your bank.
And if you decide to leave the bank out of it we've got our very own Homeowners Loan of up to $70k to sort you out.
Get in touch and we can figure out the best option for your needs.
The Homeowners Loan is the fastest way to borrow for the house, without talking to the bank.
Borrow against your house for things like:
- Home renovations
- Big ticket items for the house
- Home repairs
- A new vehicle
You'll have the money in your account within a day or two once we've got the info we need.
What's good about the Homeowners Loan?
Zero fees
Yes! Zero. Nada. Zilch.
(Except if you default. Then there's fees.*)
Interest-only payments
Interest-only payments at 9.75%*. We call that the cherry on top.
Borrow up to $70k
You'll soon have up to $70k* in your pocket so you can get started on your project.
Applying is fast, secure and 100% online. It doesn't get much easier.
1. Complete our online application
Apply for anything between $1k and $20k unsecured or up to $70k secured. Just make sure you've got your NZ drivers license or NZ passport handy.
2. We drop the money into your account
Provided everything stacks up, the money will appear in your account within a couple of days, depending how quickly we get the info we need.
3. Now get your project underway
Now you've got the funds, the fun begins. Start turning those ideas into reality.
What will my homeowner’s loan repayments be?
Work out your regular repayments and how quickly you could pay off your personal loan.
So many repayment options
- After the first year of interest-only repayments*, our mortgage brokers can arrange for the remainder of the loan to be absorbed into the mortgage (subject to bank criteria). Otherwise, you can pay it off over 2-7 years.
- You also have the option to pay it all off in full, whenever you like without any early repayment fees. That's right - you call the shots.
Our interest rates
| Term | Rate |
|---|---|
| 1 year interest-only | 9.75% p.a. |
| 2 - 3 years | 9.85%. p.a. |
| 5 - 7 years | 9.95% p.a. |
Get down to the nitty gritty
*If you or a guarantor default on your obligation, you may be obliged to pay costs and expenses for enforcement. Rates shown are based on current rates. Rates are subject to change. Affordability, responsible lending and credit criteria apply. Subject to available funding.If your loan falls into arrears, a default interest rate of 5% p.a. will be added to your fixed interest rate and remain in place until your loan is back on track and out of arrears. Example: A borrowed amount of $10,000 over 1-year interest-only would result in repayments of $83 per month at 9.75% p.a. (not risk graded). If a payment is missed or a loan is in arrears for a period of time, default interest may apply. Check out our fees page.
Don’t just take our word for it
Victoria
New Zealand
Outstanding guidance and service from Adam. I don't know why someone wouldn't use Squirrel. Accessible responsive knowledgeable understanding of our situation and goals and making it all so easy, we were so grateful to work with Adam and Squirrel and recommend the them both without hesitation!
Luke Murray
New Zealand
It was a great experience. The refinance helped me greatly and put me in a position to keep my apartment
Christa
New Zealand
A huge thank you to my advisor, Kat. She worked so hard to get a mortgage offer for me. She admitted that as I did not tick all of the boxes, she would have to present my case differently. I'm so grateful that she didn't give up on me, as other mortgage brokers had. She is so hard working, clever, lovely and friendly. I would recommend Kat to anyone looking to purchase a house.
Mark Karen
New Zealand
We've used Squirrel investment and mortgage services. On the investment front, we found it easy to use and the interest rates were excellent, selling our investments was easy when we needed to as well. Mortgage services were great too - Emma listened to what we needed, and our circumstances and got us a fantastic deal. The process was smooth from start to finish, with excellent communication and advice along the way.