Funding Solutions
Principal & Interest Equity Release: Borrow against your equity and repay in regular instalments
Flexy's 2-Year P&I Equity Release lends New Zealand companies and trusts up to $50,000 against the equity in their property, repaid gradually through regular principal and interest payments over up to 24 months. Your existing bank loan stays exactly where it is. Your balance reduces with every repayment and reaches zero at the end of the term.
Free instant estimate • No obligation
Product
2 Year P&I Equity Release at a glance
Borrow up to $50,000 against your property equity and repay it steadily through regular principal and interest payments over up to 24 months. Your balance reduces with every repayment and your bank loan stays in place.
Eligibility criteria: You will need sufficient cash flow to support regular repayments to qualify.
Loan Amount
Up to $50,000
Loan term
Up to 24 months
Repayments
Principal and interest, weekly or monthly
Interest rate
1.25% to 1.55% per month (approximately 15% to 18.6% per annum)
Maximum LVR
80% combined across your existing mortgage and your Flexy loan
Security
Second mortgage or caveat over your property
Existing mortgage
Remains in place, no refinancing required
Application turnaround
Loan offers issued within 24 hours of a complete application
Instant estimate
How much can I borrow?
Flexy lends up to $50,000, subject to a maximum combined loan-to-value ratio of 80 per cent across all lending secured on the property.
The quick calculation is: Property value × 80%, minus your existing mortgage balance.
Because this loan is serviced through regular repayments rather than a single exit payment, the amount you can borrow also depends on your ability to comfortably meet weekly or monthly repayments. Use the calculator for an instant estimate.
Who is this loan for?
Flexy's 2-Year P&I Equity Release is built for companies and trusts that have available equity and steady cash flow, and have the cash flow to support regular repayments. Assessment focuses on your equity and your ability to service the loan.
01
Property Investors
Repaying renovation or improvement costs gradually out of rental income or trading profit
02
Small Business Owners
Who want a fixed, predictable repayment schedule to budget around
03
Businesses with IRD arrears
Clearing tax obligations in full and repaying through ongoing trading income
04
Businesses consolidating debt
Bringing multiple facilities into one structured repayment
05
Businesses and investors funding growth
Where ongoing cash flow covers the repayments
How Flexy secures the loan: Second mortgage or caveat
Flexy secures its lending in one of two ways, depending on the loan structure.
A second mortgage is a loan registered against a property that already has a mortgage on it. It ranks behind your bank's first mortgage and draws on the equity you have built. Your bank loan is untouched.
A caveat is a notice registered against the property title that prevents dealings with the property without Flexy's consent. Caveat-secured loans are typically faster to settle and, in most cases, your bank is not involved in the process at all.
Flexy will confirm which structure applies to your loan before you accept the offer. Depending on the structure, a solicitor may be required to complete settlement.
How our lending works
01
Apply online in minutes
Complete our simple online application and provide a few key details, including your property address, the amount you need, the purpose of the funds, and automatically verify your bank data with us through Illion.
02
Fast assessment
Flexy reviews your available equity, LVR and ability to service the loan. Once we have a complete application, we aim to issue a loan offer within 24 hours.
03
Receive your funds
Accept your loan offer, complete any remaining requirements through your online portal, and we'll arrange the funding process.
Who can apply
This product is available to New Zealand companies and trusts borrowing for business or investment purposes. It is not available for personal or consumer lending.
Flexy is generally looking for applicants with:
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Genuine equity in a New Zealand property
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A clear purpose for the funds
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The ability to comfortably service weekly or monthly repayments
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A realistic view of the income or cash flow that supports those repayments
This product may not be suitable if:
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Your first mortgage is in arrears
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Your cash flow does not support the repayments
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The lending is for personal or consumer purposes
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The lending required exceeds the maximum combined LVR of 80 per cent
Which Flexy loan is right for you?
Both loans release the equity in your property. The difference is how you repay. Pick the one that matches your cash flow and your exit.
Product
2-Year P&I Equity Release
Borrow up to $50,000 against your property equity and repay it steadily through regular principal and interest payments over up to 24 months. Your balance reduces with every repayment and your bank loan stays in place.
Eligibility criteria: You will need sufficient cash flow to support regular repayments to qualify.
Term: Up to 24 months
Repayments: Principal and interest
Principal: Repaid progressively
Product
Short-Term Equity Release
Borrow up to $150,000 against your property equity for 3 to 12 months, with interest-only repayments and the principal repaid as a lump sum at the end. Your bank loan stays in place, no refinancing required.
Eligibility criteria: You will need a suitable lump-sum repayment plan is required to qualify
Term: 3-12 months
Repayments: Interest only
Principal: Repaid at end of term
Frequently asked questions
It is a second mortgage or caveat secured against your property, repaid gradually through regular principal and interest payments over up to 24 months. Your existing bank loan stays in place, unchanged.
Up to $50,000, subject to a combined LVR of 80 per cent across all lending on the property. Calculate it as property value × 80%, minus your existing mortgage balance.
No. Flexy sits behind your bank and does not alter your existing loan.
With principal and interest, each repayment covers both the interest and part of the balance, so the loan reduces over time and finishes at zero. With interest-only, you pay only the interest during the term and repay the full principal as a lump sum at the end. This product is principal and interest.
Your rate is confirmed once Flexy has reviewed your application, based on the loan amount, term, security and your servicing position.
Whichever suits your cash flow. Flexy confirms the option and schedule that works best for you during assessment.
Usually no. Because there is no lump-sum exit, Flexy looks at your ability to service regular repayments and will usually ask for a realistic view of your income or cash flow. Where an application shows a large number of dishonours, a credit report may be requested.
Yes. Discuss your timing at application and Flexy will structure the term to suit.
Prefer to talk it through?
Call 021 294 8742 or email hello@flexy.co.nz
Lending is subject to approval. Loans are available to New Zealand companies and trusts for business or investment purposes only. Interest rates, fees and lending criteria may change without notice. Flexy Limited, FSP1006845. Terms and conditions apply.
What situations we help with
