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When you’re looking to buy your first home, refinance your current mortgage, or simply explore better deals, understanding ANZ home loan rates is crucial. ANZ is one of New Zealand’s largest and most trusted banks, and it frequently leads the market with competitive fixed and floating rates.
In this guide, we’ll cover the most common questions Kiwis ask about ANZ’s mortgage rates, rate drops, staff offers, and how ANZ compares with other banks in New Zealand. We’ll also look ahead at whether interest rates might return to 4 % — or even 3 % — in the near future.
For official, always-up-to-date information, you can visit the ANZ website.
ANZ Home Loan Rates Overview
ANZ offers a variety of mortgage options, including fixed, floating (variable), and special discounted rates. Fixed rates are locked in for a set term — usually one, two, or three years — while floating rates move up or down depending on market changes.
As of late 2025, ANZ’s special fixed rates are sitting around the mid-4 % range, depending on your loan-to-value ratio (LVR), deposit size, and borrower profile. Floating rates tend to be slightly higher but offer flexibility to make lump-sum repayments or switch terms without penalties.
Why ANZ Home Loan Rates Matter
ANZ is often the benchmark for the entire banking industry in New Zealand. When ANZ adjusts its home loan rates, other major banks like Kiwibank, ASB, and Westpac usually follow. Because of its market share and stability, ANZ’s home loan products are considered a strong indicator of overall mortgage trends in New Zealand.
Frequently Asked Questions About ANZ Home Loan Rates
Which bank is offering 4.99 % interest rate in NZ?
As of 2025, ANZ is one of the few major banks offering special fixed-term rates around 4.99 %. This rate usually applies to six-month or one-year fixed home loans and may require a deposit of at least 20 %. It’s part of ANZ’s competitive drive to attract first-home buyers and refinancers in a softening property market.
What is the current ANZ home loan rate?
The current ANZ home loan rate depends on the term you choose. As of the latest update:
- 1-year fixed: around 4.75 % p.a.
- 2-year fixed: around 4.75 % p.a. (special offer)
- 3-year fixed: around 4.99 % p.a.
Floating rates are usually higher, sitting between 5.5 % and 6 % p.a.
These figures may vary based on your deposit, LVR, and whether you qualify for ANZ’s special rates.
Is ANZ offering a 4.75 % home loan rate exclusively to its staff?
Yes. ANZ staff are currently eligible for a special two-year fixed home loan rate of 4.75 %. This rate is part of ANZ’s employee benefits programme and is not available to the general public. Non-staff customers can still access public special rates close to this level, depending on eligibility.
Did ANZ drop interest rates recently?
Yes, ANZ recently reduced its fixed-term home loan rates following market changes and a lower Official Cash Rate (OCR) from the Reserve Bank of New Zealand. The latest rate cuts have pushed ANZ’s special fixed rates down to their lowest point since 2022, helping new borrowers access more affordable lending options.
Which bank has the best interest rates in NZ?
There isn’t one single “best” bank for every borrower, but ANZ consistently offers some of the most competitive home loan rates in New Zealand. In 2025, top fixed rates among major banks range between 4.49 % and 4.99 %. Smaller lenders and credit unions sometimes offer slightly cheaper rates, but large banks like ANZ provide stronger financial stability and wider support options.
Which bank is offering the lowest mortgage rates?
Currently, several New Zealand lenders advertise fixed-term rates starting from around 4.49 % for one-year terms. However, ANZ’s offers remain highly competitive, especially for borrowers with more than a 20 % deposit. The “lowest” rate may differ week by week depending on term, loan size, and promotions.
Which bank is giving the lowest interest rate overall?
At the time of writing, the lowest fixed home loan interest rates available in New Zealand sit just below 4.5 %. ANZ’s own special fixed rates hover slightly above this figure, but its reliability, flexible repayment features, and strong reputation make it a preferred choice for many Kiwi borrowers seeking balance between rate and service.
Is Kiwibank or ANZ better?
Both banks are strong choices but serve slightly different markets. Kiwibank is New Zealand-owned and often appeals to customers who prefer a local, government-backed option. ANZ, on the other hand, offers a broader product range, larger branch network, and deeper discounts for eligible borrowers. If you prioritise rate stability and customer support, ANZ tends to have the edge. If local ownership matters more, Kiwibank is an excellent alternative.
Which bank is the safest in NZ?
All major New Zealand banks — including ANZ, Kiwibank, Westpac, and ASB — are heavily regulated by the Reserve Bank of New Zealand (RBNZ). ANZ NZ is considered one of the safest because it holds the country’s largest banking market share and operates under strong capital adequacy requirements. Kiwibank, being government-owned, is also viewed as very secure.
Which bank is offering a 4.99 % interest rate in NZ?
ANZ’s promotional fixed rates include a 4.99 % p.a. option for some terms, such as six months or one year. This offer is available to borrowers who meet eligibility criteria, including having a minimum 20 % deposit and owner-occupied property. Rates may change depending on market conditions.
Will mortgage rates go down to 4 % in 2025?
Mortgage rates in New Zealand are trending downward, but dropping to 4 % flat may be optimistic unless the Official Cash Rate falls significantly. That said, short-term fixed specials have already reached the mid-4 % range, so a further drop isn’t impossible. Borrowers should focus on the rate that suits their long-term budget rather than chasing a specific number.
What is the ANZ interest rate now?
ANZ’s standard fixed home loan rates currently start from about 4.75 % p.a. for one- or two-year fixed terms. Floating rates are higher, while special discounted rates may be offered for borrowers with strong equity positions or under ANZ@Work and Healthy Homes packages. Always check ANZ’s latest updates before applying.
What is the ANZ staff mortgage rate?
The ANZ staff mortgage rate is approximately 4.75 % p.a. for a two-year fixed term. This exclusive benefit provides employees with a discounted rate compared to the public special, recognising their employment relationship and lower default risk profile.
What are the benefits of ANZ staff home loans?
ANZ employees enjoy several benefits under the staff home-loan programme:
- A lower fixed interest rate (currently 4.75 %)
- Simplified application and faster approval process
- Possible fee waivers or reduced charges
While these perks aren’t available to the public, they highlight ANZ’s commitment to staff wellbeing and financial stability.
What is the current ANZ home loan interest rate?
For general customers, ANZ’s current home loan interest rates are approximately:
- 1-year fixed: 4.75 %
- 2-year fixed: 4.75 %
- 3-year fixed: 4.99 %
Floating and flexible rates typically range between 5.5 % – 6 %.
Exact rates depend on your LVR, property type, and credit profile.
What is the ANZ rate scandal?
There is no major “rate scandal” tied specifically to ANZ New Zealand. Occasionally, online discussions arise about rate differences between customer groups (e.g., staff vs. public), but these are normal in banking. ANZ remains fully compliant with RBNZ and consumer-protection regulations.
How to negotiate a better home loan rate?
Securing a lower mortgage rate can save thousands over the life of your loan. To negotiate effectively with ANZ or any NZ lender:
- Improve your deposit size – Aim for at least 20 %.
- Maintain a strong credit score – Demonstrates reliability.
- Gather competitor offers – Bring rate quotes from other banks.
- Ask about special packages – ANZ’s Healthy Homes or ANZ@Work packages offer extra discounts.
- Use a mortgage broker – Professionals can often secure unpublished rates.
- Consider split loans – Fix part of your loan and keep part floating for flexibility.
Remember: negotiation is easier when you’re a loyal, low-risk customer with good financial history.
Has ANZ dropped its interest rates?
Yes. ANZ has cut several of its fixed-term home loan rates in 2025 as funding costs eased and the Reserve Bank’s OCR was reduced. This move positions ANZ among the most competitive lenders in the market. Rate reductions are generally seen as a positive sign for first-home buyers and homeowners looking to refinance.
Did the interest rate get dropped?
Yes, interest rates have recently been lowered across the NZ banking sector, including ANZ. These cuts follow the Reserve Bank’s policy changes and falling inflation. While fixed rates have fallen fastest, floating rates may follow if the downward trend continues.
What are ANZ’s interest rates at the moment?
As of late 2025, ANZ’s approximate home loan rates are:
- Fixed one-year special: 4.75 %
- Fixed two-year special: 4.75 %
- Fixed three-year rate: 4.99 %
- Floating rate: Around 5.7 % p.a.
These figures can change, so always check ANZ’s official rates page for confirmation.
Did the RBA drop interest rates today?
This question refers to Australia’s Reserve Bank (RBA). In New Zealand, the equivalent authority is the Reserve Bank of New Zealand (RBNZ), which recently reduced the Official Cash Rate, prompting local banks like ANZ to cut mortgage rates. Always distinguish between the two central banks when reviewing rate news.
Will interest rates be 3 % again?
While anything is possible, home loan rates as low as 3 % are unlikely in the near future. Current inflation, global funding costs, and economic settings make such rates unrealistic for standard mortgages. Even if the RBNZ’s cash rate remains low, banks add a margin to cover operational and credit costs. Borrowers should expect rates to stay in the 4–5 % range for the foreseeable future.
