ANZ Mortgage NZ 2026 — Home Loan Rates, Products, and Application

ANZ is New Zealand’s largest bank by total assets and one of the most popular mortgage lenders in the country. 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. Suitable for borrowers with strong financial discipline who use their savings to offset mortgage 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
Rate competitiveness	Typically in-line with market (negotiable)
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

For rate comparison, ANZ typically prices in line with ASB, BNZ, and Westpac — the four major banks move broadly together. Kiwibank often offers marginally different pricing.

Negotiating with ANZ

ANZ’s carded rates are starting points. Strategies for getting a better rate:

Ask for a discount — ANZ’s mortgage team can typically offer 0.1–0.3% below carded for good-quality borrowers
Mention competitor offers — having a written rate from ASB or BNZ gives you leverage
Consider the Breakfree package — if the 0.25% rate discount outweighs the package fee, this is free savings
Use a mortgage broker — brokers often access better rates than going direct