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Home loan deposit options

Getting the deposit together for a new home can be challenging. An ANZ Home Loan Coach can help. We’ll talk you through the options and could help you reach your goal faster than you think.

You could get a $3,000 cash contribution when you buy your first home with an ANZ home loan

How much do you need for your deposit?

If you're: 

  • Buying a home you'll generally need at least a 10% deposit, however restrictions may apply if you have less than a 20% deposit. 
  • Building a home you'll generally need a 20% deposit of the total cost (to buy land and fund the build). 
  • Buying or building a residential investment property you'll generally need at least a 40% deposit. 
  • Using a residential investment property you already own as security for a new loan you'll generally need at least a 40% deposit. 

In some circumstances, the deposit you require may be lower.  For more information, talk to us.

Even if you don't have your full deposit, you can start the application process now and one of our ANZ Home Loan Coaches will be in touch to talk to you about options.

Other deposit options

What is equity?

Equity is the difference between a property’s value and the amount you owe on it. If you sold your property and repaid your home loan, your equity would be the amount you have left.

For example, if you have a house worth $400,000 with a $100,000 home loan, you have $300,000 of equity in the property.

Using existing equity

Rather than having to save up the cash, you may be able to use the equity in your existing home to buy your next home, do renovations or to purchase an investment property.

If you’ve been a KiwiSaver member for at least 3 years, you may be able to withdraw your KiwiSaver savings and/or apply for a First Home grant from Kāinga Ora - Homes and Communities (previously known as Housing New Zealand) to help you into your first home.

If you have family who would like to help you get into your first home, you may want to explore gifting or guarantee options. They can be effective if you’re able to meet the repayments on a home loan, but don’t have the deposit you’d normally require.


Gifting is when a family member gives you some of the money for your deposit. If someone is giving you money for your deposit, we’ll need confirmation that you won’t need to repay that money. Both you and the family member(s) concerned should get independent legal advice before taking up this option.

Loan from family

With this option, we’ll require a Deed of Acknowledgment confirming that the loan won’t have to be repaid until the property is sold. Your family member(s) should talk to their lawyer about getting this sorted.


In some cases, we may be able to take a mortgage over a home owned by someone else, for example your parents, as extra security for your loan. Where this happens, we'll need a guarantee from the owners of that home. Under a guarantee, someone agrees that they will be responsible for some or your entire loan if you're not able to pay it for any reason.

There are a number of conditions that both you and whoever is providing the guarantee will need to meet, and you'll both need to get legal advice before taking up this option.

Home buying toolkit

Free Home Buyer Handbook

A guidebook to help you navigate the home buying journey from start to settlement.

Download our Home Buyer Handbook (PDF 1.0MB)  

Free Property Insights Report

Know a home’s potential worth before you buy with an ANZ Property Insights Report (worth $49.95).

How to get a Property Insights Report

Property Unlocked Seminars

Free seminars to learn about the home buying process, building, renovating and property investment.

Property Unlocked Seminars

Compare home loans

Compare our home loan features and interest rates.

Compare our home loans now

ANZ Healthy Homes

Whether you’re buying, building or renovating, we have a range of initiatives to help make your home warm, dry and energy efficient.

Learn more about ANZ Healthy Homes 

How to apply

Call us

Weekdays, 8am - 8.30pm
Weekends, 9am - 5pm

0800 269 4663


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A Mobile Mortgage Manager can visit you whenever, wherever is convenient for you.

Request an appointment


Start online

Start the application process for your home loan online today.

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Need help?

Help and support 

See all help and support articles

ANZ lending criteria, terms, conditions, and fees apply. Interest rates and fees are subject to change.  

A low equity premium applies to new home loans with less than a 20% equity or deposit.

A copy of the Bank's General Disclosure Statement  under the Reserve Bank of New Zealand Act 1989 is available on this website or on request from any ANZ branch, free of charge.

This material is for information purposes only. We recommend seeking financial advice about your situation and goals before getting a financial product. To talk to one of our team at ANZ, please call 0800 269 296, or for more information about ANZ’s financial advice service or to view our financial advice provider disclosure statement see