Resimac is a non-bank lender in New Zealand that offers a range of mortgage solutions to borrowers. The company was founded in Australia in 1985 and expanded to New Zealand in 2004. Resimac operates as a specialist in residential mortgage lending and services, offering flexible home loans for both owner-occupiers...
last updated on 2023-04-04 10:07:44
Resimac has a unique approach to lending, with a focus on providing mortgage solutions to borrowers who may not fit the traditional banking criteria. This includes self-employed borrowers, first home buyers, and those with non-standard income sources. Resimac's products include fixed and variable rate loans, interest-only loans, and loans for debt consolidation.
One of the advantages of choosing Resimac as a lender is their flexibility. They have a range of different products to suit different borrower needs, and they take a personalized approach to each loan application. Resimac also offers a fast and efficient application process, with most applications being processed within 48 hours.
Resimac has a strong reputation in New Zealand as a reliable and trustworthy lender. They are regulated by the Reserve Bank of New Zealand and are a member of the New Zealand Financial Services Complaints Limited (FSCL). The company has also won multiple awards, including the Canstar 5-star rating for Outstanding Value in Fixed Home Loans in 2021.
Overall, Resimac is a reputable non-bank lender in New Zealand that offers a range of mortgage solutions to borrowers who may not fit traditional banking criteria. Their personalized approach, flexibility, and reputation make them a popular choice for many borrowers looking for a mortgage.
Rate
7.55% (Fixed, 12 months)
Mortgage purpose
Buying Next Home, First Time Buyer, Investor
Payment frequency
Fortnightly, monthly, weekly
Maximum LVR
90%
Rate
7.59% (Floating)
Mortgage purpose
Buying Next Home, First Time Buyer, Investor
Payment frequency
Fortnightly, monthly, weekly
Maximum LVR
80%
Rate
8.59% (Floating)
Mortgage purpose
Buying Next Home, First Time Buyer, Investor
Payment frequency
Fortnightly, monthly, weekly
Maximum LVR
90%
| Fixed Rate | |
| Fixed rate period | |
| Floating rate | 8.59% |
| Maximum borrowing amount | $2 000 000 |
| Min borrowing period | 12 months |
| Max borrowing period | 360 months |
| Payment frequency | weekly, monthly, fortnightly |
| Establishment fee | 0.00 |
| Default penalty interest rate | |
| Сashback | |
| Early repayment/part prepayment fee | - |
| Standard LVR | 90% |
| Max LVR | 90% |
| Requirements |
|
| Mortgage purpose |
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