The mortgage and insurance advice company, founded by Ajay Kumar, has launched Mortgage Genius Plan, a product to help borrowers in strong positions to capitalise on low rates, and worse-off borrowers consolidate their finances.

The group has offered an "Interest Saver Plan" to clients for several years, though the new product will also help clients recalibrate their financial position if they have lost work due to Covid.

The Plan is a detailed, tailored review of clients' current and future financial positions. 

Aseem Agarwal, director at Global Finance, said the adviser company intended to do a deep-dive on customers' finances, rather than looking solely at interest savings. 

"Post-Covid, we're finding that there are two types of customers. First, those who haven't been affected by Covid, who are in a strong position due to lower interest rates, and who may be able to pay off their loans faster or paying more. And the second set of people, who have been affected, who require financial advice to look at their fixed loan structures, so repayments suit their circumstances."

Argawal said the company wants to help "educate" borrowers about their broader financial position, rather than just their home loans. 

"When clients sit down with us, we will look at their current position and try to get a sense of their future position, and what they anticipate happening in the next 12-24 months after their fixed loan term has ended."

The company wants clients to have a "buffer" against potential financial shocks as they set up their mortgage repayments. 

"We test customers at higher rates to make sure that if their living situation changes, they are still on track."

The plan will also help better-off borrowers form a long-term plan to free up equity for investments.

Global Finance says customers using the plan will have access to all lenders in the NZ market.