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 get a personal loan 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.
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
Kelly
New Zealand
Jess was amazing from start to finish, took the entire stress out of buying our first home. Her knowledge was incredible and we feel she always went the extra mile for us
Mark
New Zealand
Matt was extremely professional, efficient and most of patient. Great follow up, simple explanations for any queries we had (and we had a few) and anything that required follow up with the bank was swiftly actioned. Really did make the process easy and a great outcome overall.
Anonymous
New Zealand
Very happy with the clear and transparent advice provided by Mayank. He was prompt and very helpful!
Ashley
New Zealand
Bianca went above and beyond to ensure that we got the best outcome for our loan. We would not hesitate in using Squirrel for any future business we required.