The 22,152 tonne vessel can carry up to 550 passengers and 1900 lane metres of freight - more than could be carried by her predecessor Arahura.
The refit in Singapore means Kaiarahi has new passenger lounges and a drivers' lounge.
She has also been fitted with external stabilisers to ensure a smoother ride on the Cook Strait, and there have been upgrades to her engine and navigation equipment.
"Kaiarahi will come into Wellington harbour from about 5am, so she can receive a dawn blessing on Aotea Quay from local iwi," Interislander boss Mark Thompson said.
"She will spend the next few weeks undergoing sea trials and crew drills before spending some time at Aotea Quay in Wellington getting local IT and Wi-Fi equipment installed. She is due to begin scheduled services around mid-October."
Kaiarahi, means 'leadership' or 'to lead' and its metaphorical meaning is 'guardian' or 'to guide'.
"Interislander ferries make about 4500 crossings of Cook Strait each year and 2014/15 was our busiest summer yet," Mr Thompson said.