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ANZ mortgages

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

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 responsibilities seriously, whether it is dealing with individuals, families, small businesses or farmers.

Its online mortgage 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 mortgage deposit options

To obtain a mortgage with ANZ you typically need:

  • At least a 20% deposit. If you wish to build a home (to purchase the land and fund the build), use a residential investment property (that you own) as security on the mortgage or buy/build residential investment property.
  • At least a 10% deposit. If you’re buying a home. There may be restrictions if you have less than a 20% deposit.
  • Existing equity. If you have equity in an existing property, you can use this as a deposit rather than saving. For example, if you have a $500,000 house, with a $200,000 mortgage, then you have $300,000 in equity.
  • To use your KiwiSaver. If you are a first home buyer and have paid into a KiwiSaver for more than 3 years, Kāinga Ora – Homes and Communities may be able to help with a grant.

ANZ mortgages

If you want to buy a home or rental, build or renovate, ANZ provides fixed, floating and flexible mortgages with competitive interest rates. It also offers a Healthy Home Loan Package with a range of financial benefits.

Fixed-rate mortgage

When you take out a fixed-rate mortgage 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 mortgage:

    • Payments stay the same. Knowing exactly how much your mortgage repayments are and when you pay them gives you peace of mind and makes it easier to budget.
    • Locked-in interest rate. If mortgage rates go up you still pay the same amount, though if they fall you don’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.
    • Make an extra repayment without penalty. ANZ let you make one payment per year (up to 5% of your current loan) in the fixed-rate period. It does not charge you early repayment recovery, which is a fee typically charged if you choose to pay off the mortgage earlier than agreed.

Floating rate mortgage

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 mortgage:

    • 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 reduces the amount of interest you 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 mortgage

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

Benefits of an ANZ flexible mortgage:

    • 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 the loan balance and interest. It takes discipline to get the most out of this loan.
    • Reduce interest. By arranging for your salary to be paid into this account, you reduce the outstanding balance and the amount of interest you 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. However, 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 on insulation and $5,000 on 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.
Eligibility criteria.
  • A Certificate issued by the New Zealand Green Building Council (NZGBC) for an existing house, a rating confirmation letter issued by the NZGBC for a new build/renovations or a registration letter from the NZGBC stating your plan already has a Homestar Ready Certification.
  • You need to register for the ANZ Healthy Home Loan Package.
  • Your entire wages need crediting to a personal ANZ bank account.

Features and benefits of ANZ mortgages

  • ANZ Home Loan Coach. From the time that you apply, through to purchasing your new home, an ANZ Home Loan Coach is with you every step of the way.
  • Mobile Mortgage Managers. If you can’t make it into an ANZ branch to complete your application and sign documents, a Mobile Mortgage Manager can 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.
  • Mortgage 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 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 mortgage 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 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, so you can learn more about buying a new home, investing in property or renovating and building.
  • Home loan pre-approval. So you can shop with confidence, ANZ can provide pre-approval for your mortgage.

ANZ Fees

When comparing ANZ mortgages, 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 of lending, it is 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 mortgage during your fixed-rate period, you may be charged an Early Repayment Recovery fee.

Before you apply for an ANZ mortgage

Before you apply for an ANZ mortgage, make sure you take a look at your finances, which includes:

  • Expenses, counting living costs (utility payments, food), credit cards, student loans and entertainment
  • Total income, eg wages, rental income, shares etc
  • Deposit. If you have a larger the deposit, you need to borrow less, which means your repayments are lower and you are mortgage-free faster

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 an NZ citizen or permanent resident
  • Have a regular income and can meet the mortgage repayments
  • You generally need a 20% deposit, although 10% may be accepted for a home purchase

Required documents and information

  • A valid photo ID. For example, a 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 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, plus the balance on any non-ANZ credit cards

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

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