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ANZ home loans

ANZ's special interest rates and healthy home benefits can save you money on your mortgage.

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ANZ currently finances over 30% of mortgages in New Zealand, and is one of the country’s largest and best-known financial institutions. ANZ takes its home loan responsibilities seriously, whether it is dealing with individuals, families, small businesses or farmers.

Its online application form is an easy and convenient way to gain pre-approval and start house hunting. If you’re a first time buyer, ANZ offers free home loan seminars and ANZ Home Loan Coaches to guide you through the process.

ANZ home loans and rates

If you want to buy a home or rental, build or renovate, ANZ provides fixed, floating and flexible mortgages with competitive interest rates. They also offer a healthy home loan package with a range of financial benefits.

Fixed rate home loan

When you take out a fixed-rate home loan with ANZ, your interest rate stays the same for the period you choose. ANZ fixed rate mortgages have varying fixed terms between 6 months and 5 years.

Benefits of an ANZ fixed rate home loan:

    • Payments stay the same. Knowing exactly how much your mortgage repayments will be and when, gives you peace of mind and makes it easier to budget.
    • Locked in interest rate. If mortgage rates go up you’ll still pay the same amount, though if they fall you won’t benefit.
    • Choice of repayment times. ANZ gives you the choice of paying your loan weekly, fortnightly or monthly. Making weekly or fortnightly payments saves you more interest over the life of your loan.

    Floating rate home loan

    With a floating interest rate mortgage your interest rate fluctuates depending on what is happening in the market. You can switch to a fixed interest rate at any time.

    Benefits of an ANZ floating rate home loan:

      • Make extra repayments. Repayments can be made whenever you like without penalty, though ANZ may apply a minimum repayment amount. You can pay off your loan faster if you get a windfall or bonus.
      • Pay less interest. Making extra payments will reduce the amount of interest you’ll pay over the life of your loan.
      • Fix a portion at any time. If your situation changes, or rates start to rise, you can fix all or part of your loan to give more certainty and peace of mind.

    Flexible home loan

    A flexible home loan gives you a revolving credit facility on your transactional account with a competitive floating interest rate.

    Benefits of an ANZ flexible home loan:

      • No regular payments are required. As long as you stay within your credit limit you’re not locked into regular repayments. Instead, you deposit money to reduce your loan balance and interest. It takes discipline to get the most out of this loan.
      • Reduce interest. By setting up your salary to be paid into this account you reduce the outstanding balance and the amount of interest you’ll pay.
      • Access to credit. If you need money for renovations or a new car, you can use this loan’s credit facility and reduce your loan balance when it suits you. But ANZ can ask you to repay the loan or reduce your credit limit at any time.

    Healthy Home Loan Package

    ANZ rewards you for buying, building, or renovating a warmer, healthier and more sustainable home to a 6 homestar rating or higher.

    Benefits of an ANZ healthy home loan package:

      • Interest free home loan top ups. You can spend up to $5,000 for insulation and $5,000 for heat pumps without paying any interest for 4 years.
      • Interest rate discounts. Deposit your full salary into your ANZ transactional account to receive a discount of up to 1.00% per annum on your floating or flexible interest rate and .70% per annum on a new fixed rate.
      • Fee savings:
        • No application fee and no monthly account fee on an ANZ Flexible home loan.
        • No annual account fee on an ANZ personal credit card.
        • No monthly account fee on ANZ Freedom accounts.

    Features and benefits of ANZ home loans

    • ANZ Home Loan Coach. From the time that you apply, through to purchasing your new home, an ANZ Home Loan Coach will be with you every step of the way.
    • Mobile Mortgage Managers. If you’re not able to make it into an ANZ branch to complete your application and sign documents, a Mobile Mortgage Manager will come to your home or business.
    • Free Property Profile Reports. Usually worth $49, an ANZ Property Profile Report allows you to find out a home’s potential worth for free.
    • First Home Buyer Handbook. Learn more about the home buying process with this useful resource from ANZ.
    • Home loan structure. ANZ has different loan types that can be structured to suit your financial situation. If you start a new job, your repayments can be aligned with your new pay schedule and there may be an opportunity to decrease your payments for a period of time if you are in-between jobs or experiencing financial hardship.
    • Home improvement loan top up. If you need some extra cash for home renovations or landscaping, you can top up your mortgage to help with those costs.
    • Interest-free loan top up for warm homes. To help Kiwis have warm homes, ANZ has pledged $100 million of interest-free loan top ups so you can install heat pumps and insulation. You can add an extra $5,000 to your home loan interest-free for up to 4 years.
    • Special interest rates. ANZ offers special interest rates to customers that have a minimum of 20% equity and that have their salary or wages credited into an ANZ transactional account. Otherwise, standard interest rates apply.
    • Property Unlocked Seminars. ANZ hosts a range of free seminars around New Zealand to learn more about buying a new home, investing in property and renovating and building.
    • Home loan pre-approval. So you can shop with confidence, ANZ can provide pre-approval for your home loan.

    ANZ Fees

    When you’re comparing ANZ home loans, be sure to take into account any fees that you may incur, such as:

    • Loan application fee. For owner-occupied homes ANZ charges up to $500 for a loan application fee. For all other types lending up to 1% of the loan amount.
    • Loan top up fee. When you top up your loan you’ll pay $250 to do so.
    • ANZ flexible home loan fee. Monthly account fee of $12.50.
    • ANZ fixed home loan. If you choose to repay or restructure your fixed rate ANZ home loan during your fixed rate period, you may be charged an Early Repayment Recovery fee.

    How do I apply?

    Step 1: Before applying for an ANZ home loan, make sure to evaluate the different loan types on offer and compare rates and terms with other lenders.

    Step 2: If you are ready to proceed, you can complete an application form on the ANZ website. Existing ANZ customers can complete an application even faster by logging in to Internet Banking.

    Step 3: Before you start, check that you meet the eligibility criteria and have the correct documentation outlined below.


    • Be at least 18 years of age
    • Be a NZ citizen or permanent resident
    • Have a regular income and can meet the mortgage repayments
    • You will generally need a 20% deposit, although 10% may be accepted for a home purchase.

    Required documents and information

    • A valid photo ID. This could be your New Zealand Driver’s Licence or your passport.
    • Proof of address. A utility or phone account bill that clearly shows your name and current address.
    • Proof of income. If your salary is already deposited into your ANZ account, you may not need to show your income. If it’s not, you will need to supply payslips or bank statements.
    • Expenses. ANZ requires that you show a breakdown of your expenses including debt repayments, insurance premiums and living costs.

    If you prefer applying by another method, you can also call 0800 269 4663 to make an appointment with a Mobile Mortgage Manager, or visit a branch in person.

    Read more on this topic

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    • 5 year fixed rate home loans A competitive five year fixed rate home loan will see your repayments stay the same for a large chunk of your home loan.
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    • 2 year fixed rate home loans Enjoy the stability of knowing your repayments won’t change for two years.
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