What is a home loan top up?
A top up is a way for you to use the equity in your home to borrow more money on top of your existing home loan. You can use a top up to consolidate other high interest debt and reduce your interest costs. Home lending is generally at a lower interest rate than other types of lending as it is secured against your home. We can either combine it with your current loan, or it can be set up as a separate loan.
Taking out a top up can be useful for things like home improvements, buying a new car or dealing with unexpected expenses.
You can check how much you may be able to top up, using our home loan borrowing calculator. Click our home loan interest rates & fees to find out more.
Set your home up for the future.
Wanting to make your home warmer, drier or more energy efficient? With an ASB Better Homes top up you could use the funds to heat and cool your home more efficiently, buy an electric or hybrid vehicle or purchase solar panels to save on your power bill.
Switch to better energy
Electricity could be the key to saving you hundreds of dollars every month. We've worked with Rewiring Aotearoa to create your guide to using better energy, to save money and help the planet.
Get started online
Topping up your ASB home loan online is simple and only takes about 10 minutes. You will need details of your income, debts and expenses.
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Log into the ASB Mobile Banking app, or to FastNet Classic.
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Click 'menu' in FastNet Classic or 'more' in the ASB Mobile Banking app, then select 'open and apply'.
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Scroll down to 'home loan top up' to apply online.
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Follow the steps to complete the form and submit your application.
Our team will review your application and be in touch within two business days.
Frequently asked questions
How much equity do I need to take out a home loan top up?
If you're an owner-occupier, you'll usually need more than 20% equity in your property to be eligible for a home loan top up. If you have less than 20% equity in your property, you may be referred to our credit team. They will assess your application to see if you could qualify at a higher interest rate.
You can check how much you may be able to afford to top up your home loan using our home loan borrowing calculator.
Can I chat to a home loan expert about my top up?
Our dedicated Home Team is here to guide and support you at every stage of your home ownership journey. Visit our home team finder tool to search for a Home Ownership Manager near you.
What is going to happen with home loan rates, are they going up or down?
Good question. Our ASB Economist produces a report called the Home Loan Rate Report which provides a summary of interest rate movements along with some advantages and disadvantages of the rates on offer.
Have a look at the latest report.
We're here to help
Apply online
Start your home loan application online. We'll be in touch to complete the next steps with you.
Give yourself 5-10 minutes.
Meet in person
One of our team can meet at a time and place that suits you, or you can make an appointment to meet at an ASB branch.
Give us a call
You can pick up the phone and call one of our home lending team, weekdays 8:00am-6:30pm and on Saturday 8:30am-5:00pm.
+64 9 306 3000 for overseas
Manage loan online
Existing customers can view and manage loans, apply for a top up and more.
ASB's lending criteria, terms, conditions and fees apply.
To use the ASB Mobile app, you need to be registered for FastNet Classic (ASB internet banking). Please call 0800 MOB BANK (0800 662 226) to register for either. It's free to use the ASB Mobile app, but your usual data costs and standard FastNet Classic transaction and service charges will apply.