ANZ is New Zealand’s largest bank by total assets and a major mortgage lender. Here’s what you need to know about ANZ’s mortgage products, current rates, and how to apply.
ANZ Mortgage Rates (April 2026)
| Rate type | Indicative rate |
|---|---|
| Floating | ~7.09% |
| 6 months fixed | ~6.89% |
| 1 year fixed | ~5.55% |
| 2 years fixed | ~5.45% |
| 3 years fixed | ~5.69% |
| 4 years fixed | ~5.79% |
| 5 years fixed | ~5.89% |
Indicative carded rates as at April 2026. ANZ rates change frequently — check anz.co.nz for current rates. Negotiated rates are typically 0.1–0.3% below carded.
ANZ Mortgage Products
ANZ Flexible Home Loan (Floating) Standard variable rate mortgage. Allows unlimited extra repayments and redraw of excess payments. Useful for those expecting to make large lump sum repayments or needing maximum flexibility.
ANZ Fixed Rate Home Loan Fixed for 6 months, 1, 2, 3, 4, or 5 years. Break fees apply if you exit early. ANZ’s fixed rate mortgages allow up to 5% of the original loan balance as extra repayments per year without break fees.
ANZ Revolving Credit (ANZ Home Equity Line) An overdraft facility secured against your home. Interest charged only on the balance drawn, so savings held in the account reduce interest costs. See Revolving Credit NZ.
Breakfree Package ANZ’s bundled banking package can reduce your mortgage rate by 0.25% if you hold qualifying ANZ accounts. Includes transaction account, credit card, and home loan with a fixed annual package fee.
ANZ Minimum Deposit Requirements
| Borrower type | Minimum deposit | LVR limit |
|---|---|---|
| Owner-occupier (standard) | 20% | 80% |
| Owner-occupier (low equity) | 10–19% | 81–90% (limited volume, rate premium) |
| New build owner-occupier | 10% | 90% |
| First Home Loan | 5% | 95% |
| Investor (existing property) | 35% | 65% |
| Investor (new build) | 20% | 80% |
What ANZ Requires for a Mortgage Application
Income evidence:
- Employees: 2–3 recent payslips, 3 months bank statements, last 2 years’ P60s (or IRD summary)
- Self-employed: 2 years financial statements, IRD summary of earnings, bank statements
Identity: NZ passport, driver’s licence, or other certified ID
Assets and liabilities: A full list of all assets (savings, KiwiSaver, vehicles) and liabilities (other debts, credit cards, BNPL accounts)
Property information: For purchase, the sale and purchase agreement; for construction, builder quotes and council consent
ANZ First Home Buyer Offerings
ANZ participates in the Kāinga Ora First Home Loan scheme, allowing eligible buyers to purchase with 5% deposit backed by a Kāinga Ora guarantee. Income caps and property price caps apply — see First Home Loan (Kāinga Ora).
ANZ also has relationship managers and mobile mortgage managers who can meet clients at home or work.
ANZ vs Other NZ Banks
ANZ is one of four major banks competing for home loan business in NZ. The key differences:
| Dimension | ANZ |
|---|---|
| Market position | Largest NZ bank by assets |
| Branch network | Largest branch and ATM network in NZ |
| Mortgage technology | ANZ app with mortgage management features |
| Package discount | Breakfree package offers 0.25% rate discount |
Where to check the latest data
Rates, fees and returns change often. Before deciding, check current figures yourself:
- interest.co.nz mortgage rates: tables of current floating and fixed home loan rates.
- The provider's own website: has its current rates, fees and full terms; these change more often than any comparison page.
- Financial Service Providers Register: shows whether a provider is registered to offer financial services in New Zealand.
Further Reading
- ASB Mortgage NZ — comparing with ASB
- BNZ Mortgage NZ — comparing with BNZ
- Westpac Mortgage NZ — comparing with Westpac
- Kiwibank Mortgage NZ — comparing with Kiwibank
- Mortgage Broker NZ — using a broker to compare all banks
- Mortgage Lenders NZ 2026: Banks Compared: full bank comparison
- How to Get a Better Mortgage Rate NZ — rate negotiation guide