Resimac Home Loans

Self-employed or have a complicated financial situation? RESIMAC Direct may be able to help with a home loan to suit your circumstances.


While only being in the New Zealand market for a little more than five years, Resimc is helping Kiwis with competitive home loan solutions. This organisation is recognised as a non-bank lender and its main focus is providing loans for people that have had issues with mainstream lenders.

Resimac (formerly known as RESIMAC Direct) understands that not everyone fits the normal lending criteria mould set out by most lenders and welcomes customers who have bad credit, a history of not meeting repayments or who have other debts to think about. Those that are self-employed or have been bankrupt are also able to apply, so this is one lender to consider if you fall into one of these categories and have been turned away by retail banks.

Home loans offered by Resimac

  • Standard Variable Home Loan. If you’re hoping to pay your loan off sooner, a Standard Variable Home Loan of up to $1.5 million allows you to make extra repayments whenever you want. You can borrow up to 80% of the property value and pay no ongoing fees.
  • Fixed Rates Home Loan. Your regular repayments will stay the same for a set period of time with a fixed interest rate loan. Choose a loan term of between 1 and 5 years with interest rates ranging between 3.89% p.a. and 5.18% p.a. No ongoing fees apply and you can borrow up to 80% of the property value to a maximum of $1.5 million.
  • Specialist Clear Home Loan. For borrowers that have had minor credit issues or have multiple debts that they want to consolidate, this loan type allows you to borrow up to 90% of the property value. Interest rates are variable from 6.51% to 7.82% and reduce by 0.25% at the end of the first and second year provided you have made repayments satisfactorily.
  • Specialist Plus Home Loan. This loan enables you to borrow up to $1 million or 90% of the property value even if you have had credit issues or are consolidating multiple debts. Variable interest rates range from 6.56% to 9.01% and reduce after your first and second anniversary if you have been meeting your repayment obligations.
  • Specialist Assist Home Loan. If you have bad credit history or have been bankrupt in the past, you may be able to borrow up to $750,000 or 90% of a property value when you’ve been declined by other banks. Variable interest rates range from 7.28% to 9.41%.

Features and benefits

  • Online access. Manage your loan online and make extra payments or redraw at a time that suits you.
  • Flexible loan setup. Choose to make your repayments weekly, fortnightly or monthly to tie in with your pay schedule. You can then structure your payments to go towards principal and interest or interest only.
  • Unlimited repayments. On a Resimac Standard Variable Home Loan, you make as many extra repayments without being penalised.
  • Customer benefits programme. Resimac customers get access to exclusive discounts for products and services from leading brands.
  • Split your loan. If you can’t decide between the benefits of a variable loan versus a fixed-rate loan, you can split your loan in two to get the best of both worlds.
  • Quality assured. Resimac is a committed responsible lender and a member of the Professional Advisers Association.
  • Quick response time. When you have a question about your loan, you can call or email Resimac to get an answer straight away.
  • No ongoing fees. When you apply with Resimac you’ll pay no application fee and no annual fee on your home loan. Fees do apply for valuation, settlement and discharge.

How do I apply?

If you’d like to apply for one of the Resimac Home Loans that suit your circumstances, first use the ‘find out how much you can borrow’ form on the website to see if you pre-qualify. You can then download an application form to fill in and send by email, or contact 0800 466 656 to speak to a Relationship Manager.


When you go through the application process, you’ll be asked to provide certain documentation. This may vary according to the type of loan that you are applying for but as a minimum you should have the following prepared:

  • Valid photo identification – your passport or driver’s licence
  • Proof of address – a utility or phone bill
  • Proof of income – payslips and bank statements
  • Expense and debt details – breakdown of monthly outgoing and statements for any debts you currently have.

Read more on this topic

  • ANZ Home Loans Find out how you can get special interest rates for your ANZ home loan when you have a 20% deposit and your salary credited to your transactional account.
  • ASB Home Loans With a lending support team available seven days a week and different repayment options, an ASB home loan is worth considering for your property purchase.
  • Westpac Home Loans With First Home Loan and Family Springboard options, Westpac has some helpful options for first time home buyers to consider.
  • SBS Bank Home Loans SBS has partnered with Kāinga Ora to provide First Home Loans for Kiwis with a low deposit, plus there are options for investors and existing homeowners.
  • Co-operative Bank Home Loans Co-operative Bank home loans cater for all kinds of circumstances. First home buyers can apply with only a 10% deposit.
  • TSB Home Loans If you have a minimum of 20% deposit, you’ll be rewarded with a special interest rate when you take out a TSB home loan.
  • HSBC Home Loans With floating, fixed, construction and home equity options, HSBC home loans are worth considering if you meet the eligibility criteria.
  • How to use KiwiSaver to buy a home Your KiwiSaver funds are not just for retirement. Find out how you can use the KiwiSaver First-home Withdrawal to help purchase your first home.
  • Online home loans and lenders Ignoring the online home loan market can see you miss out on a range of competitive deals. Find out more about online lenders.
  • Reverse Mortgages Find out how reverse mortgages can allow you to access the equity in your home to pay for retirement costs.
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