Does this sound like you?

  • You’d recently experienced a financial setback that may have resulted from a redundancy, divorce, health issues, downturn in business or another reason. This has affected your credit history.
  • You’re working again or have a dependable income and you’re on the road to financial recovery.
  • You’d prefer a Prime loan but your current circumstances make it hard.
  • You want to consolidate debt, refinance, purchase a residential property or even invest in your business.
  • You’re self-employed (having operated in the same business for a minimum of six months), and you need to, or would prefer to use alternate forms of income verification.

You may be a good candidate for a Resimac home loan.
A road bump in life shouldn’t stop you achieving your dreams Resimac Reset is a respectable long-term alternative to a classic ‘vanilla’ Prime mortgage, allowing PAYE and self-employed applicants who had experienced some hardship or life events, access to finance (at great rates) to accelerate their financial recovery (back to Prime) or return to normality.

Credit events we will consider:
  • Number of mortgage arrears: Unlimited.
  • Number of defaults and judgement: Unlimited.
  • Bankruptcy status: Current.
  • Loan use: Purchase, refinance, non-structural home improvements, debt consolidation (including tax debt), cash out, business purposes, investment or any other worthwhile purpose~.
  • Loan amount: Between $50,000 – $2,000,000.
  • Minimum deposit: 20%.
  • Loan term: Between 10 to 30 years.
  • Repayment options: Principle & Interest and Interest Only (up to five years).
  • Minimum income documentation requirement+:
    • For Full Doc applicants: For salaried (PAYE) employees, the most recent 90 day’s payslips and 90 days bank statements. For the self-employed, two-years full financials signed by a Chartered Accountant or qualified taxation specialist, GST registration if applicable, and one-month’s transactional business bank statement.
    • For Alt Doc applicants: For those self-employed for less than 12 months, an accountant’s verification letter supported by the latest six-months’ GST returns; or the latest 6 months GST returns and three months’ business bank statements. For those self-employed for more than 12 months, an accountant’s verification letter, or the latest six-months GST returns and three-months’ business bank statements.,

The Resimac Reset guarantee

As your situation improves, we’ll switch you to Reset variants that offer lower rates.

We understand that you’d probably prefer to have a Prime mortgage. That’s cool with us. In fact, we want to help you get there. Resimac Reset is designed with this in mind.

As your financial situation and conditions improve, and you become eligible for Resimac products that offer lower interest rates, we’ll automatically switch you over – all the way to Resimac Prime.

You’ll be Prime in no time.

Disclaimer: As any credit issues are removed from the customer’s credit report, or the customer’s loan-to-value ratio significantly decreases, we will automatically transition them to the new interest rate for the lower LVR and/or credit-impairment band. If the transition coincides with an interest rate increase which offsets or exceeds the improvement, this may not always guarantee a lower interest rate.

Why Resimac Reset

  • It could help you take back control of your finances, so you can get on with your life sooner.
  • Low mortgage-based interest rates.
  • We understand that life happens and it’s sometimes out of your control – we don’t judge, we just want to help.
  • Solutions available for those with varying numbers of arrears, defaults and bankruptcies.
  • Allows you to rebuild your credit history to be eligible for a Prime loan product in the future.
  • For the self-employed and small business owners, we can accept alternate forms of income verification such as an accountant’s letter or business bank statements and GST returns.

What are the interest rates?

Because we base our interest rates on security – residential property – not purpose, we can always offer you really competitive rates.

How much can I borrow

Use your income and expenses to estimate how much you may be able to borrow for a home loan.

Home loan repayments calculator

Use our calculator to work out how much your repayments
may be on your home loan

We know getting a new home loan is a big financial commitment. That’s why, as residential property lending experts, we’re only going to charge you the fees we need to – to help make sure getting a loan is a less stressful experience. Assuming you don’t require any exceptional changes, these are the only fees and charges you’ll pay over the life of your loan. There’s nothing to hide here.

A full schedule of our fees and charges is available on the Costs of Borrowing, Forms, and Terms page.

See if you're eligible

Feel like this might be the right solution for you? Intrigued and want to know a little more?

Find out what you’re eligible to borrow with Resimac.

Talk to your adviser or mortgage broker or see if you’re eligible below.

Get in touch

We know getting a home loan is a big commitment. That’s why we have a great team of experts ready to walk you through the process or answer any of your questions or concerns.

They’re just a call away.
Disclaimer: ~Terms, conditions, limits, exclusions and other criteria applies +This is a guide on the minimum documents required to apply for the particular type of loan. Additional documents may be required and these will be requested on a case-by-case basis. (+)This is a guide on the minimum documents required to apply for the particular type of loan. Additional documents may be required and these will be requested on a case-by-case basis.
panel clost button

I'm a customer

Get access to your accounts online.

System maintenance
We are currently experiencing technical issues with CustomerZone.
Please email for any urgent enquiries. During this time, your online account will not be accessible. We apologise for any inconvenience.

Adviser login

Get access to your accounts online.

Due to planned server maintenance, our log-in page will not be available on Sunday 29th May between 4:00am and 7:00am NZST.

We apologise for any inconvenience caused.