Refinancing

Could You Be Paying
Less Every Month?

With rates falling and cashback offers available, now is a great time to review your mortgage. Jagdip compares 19 lenders and could save you hundreds a month, for free.

19 lenders compared, usually at no cost to you
Cashback deals up to $5,000 available
Many clients save $200–$500 per month

Quick facts 2026

Cashback
Offered by some lenders when you switch
19
Lenders compared for every refinance
$0
Cost to you for Jagdip's advice

Every refinance situation handled

Lower rate, cashback, debt consolidation or a full restructure: Jagdip finds the right solution across 19 lenders.

Lower your rate

If you haven't reviewed your rate in a while, Jagdip can check how it compares with what lenders are offering now. As a guide, a 0.5% lower rate on a $500k, 30-year mortgage is roughly $150 a month less in repayments.

Cashback refinance

Some lenders offer cashback when you switch, usually with conditions such as staying with them for a minimum period. Jagdip identifies which cashback offers are live for your loan size.

Restructure your loan

Change your loan term, split fixed and floating, or move to interest-only. Jagdip restructures your mortgage to improve cashflow.

Debt consolidation

Combine personal loans, car loans or credit card debt into your mortgage at a lower rate. Jagdip models the numbers so you see exactly what you'd save.

Access your equity

Has your home grown in value? Jagdip helps you release equity for a renovation, investment deposit or other goals.

Fix vs float strategy

Coming off a fixed term? Jagdip reviews the rate outlook and advises whether to fix, float or split, and for how long.

Current cashback offers: NZ 2026

Several major banks offer cashback to attract refinancers. Jagdip knows which deals are live and which lenders suit your loan size.

NZ bank cashback refinance offers: indicative 2026

Lender type
Cashback range
Clawback period
Major NZ banks
$2,000–$5,000
Typically 27 months
Mid-tier banks
$1,000–$3,000
Typically 24 months
Minimum loan for cashback
Usually $200k+
Some require $300k+

⚠️ Watch out for break fees before you switch

If you're currently on a fixed rate, your bank may charge a break fee to exit early. Jagdip calculates your break fee before recommending any switch, so you always know if refinancing genuinely saves you money.

Refinancing FAQs

How do I know if I should refinance?

If you're coming off a fixed term, your rate looks high next to what lenders are advertising now, or you haven't reviewed your mortgage in 2+ years, it's worth a chat. Jagdip will tell you within minutes if refinancing makes financial sense.

What are break fees and how much could they be?

If you're on a fixed rate and switch early, your bank charges a break fee. It can range from a few hundred to several thousand dollars. Jagdip gets your exact figure before recommending any switch.

How long does refinancing take?

Most refinances take 2–4 weeks from application to settlement. Jagdip manages the whole process, so you just sign the documents.

Can I get cashback when refinancing?

Yes, several major NZ banks offer cashback of $2,000–$5,000. Jagdip knows which deals are live and factors cashback into the overall comparison.

Does refinancing cost anything?

Jagdip's advice is free. Your solicitor charges for the title transfer, usually $500–$800, but cashback from the new lender typically covers this. See Jagdip's Disclosure Statement.

Related services

Mortgage advice by area

Could you be saving more?

Book a free chat with Jagdip. She'll review your current mortgage, compare options across 19 lenders, and show you what a switch could save once costs are counted.

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What can Jagdip help you with?

Pick the one that fits best. You can always tell her more later.