ANZ Flexible Home Loan
This is a revolving credit facility on your everyday transactional account. If you’re good at managing your money, this option could help you minimise interest charges or repay your home loan sooner while giving you access to credit when you need it.
Flexible loan interest rate
Rate is unavailable
Interest rate subject to change.
Benefits
No regular repayments
You’re charged interest on the outstanding balance, but there are no set repayments.
Flexible access to credit
You can pay money into it whenever you like and redraw it if you need to.
Reduce interest costs to pay your loan off sooner
Often has the highest interest rate and a monthly fee, but offers the most flexibility. If customers are disciplined with their money, they often choose to have some of their lending as a Flexible Home Loan. They pay their income into their Flexible Home Loan account to lower the current loan amount – reducing the amount of interest they will pay and helping them pay it off sooner.
Features
- This home loan is a revolving credit facility on your everyday transactional account, a bit like an overdraft.
- You can pay money into it whenever you like and redraw it if you need to.
- You’re charged interest on the outstanding balance, but there are no set repayments as long as you stay within your credit limit.
- Interest rates can either go up or down in line with market changes.
- It often has the highest interest rate and a monthly fee, but it offers the most flexibility.
- $12.50 monthly account fee. Other fees and charges may apply.
- No maximum loan term, however we can ask you to repay your ANZ Flexible Home Loan or reduce your credit limit at any time.
How an ANZ Flexible Home Loan works
ANZ has different loan types
Options are fixed rate, floating rate, or flexible home loans. Or combine different loan types to suit your needs.
How to apply
Apply online
Apply for an ANZ Home Loan.
Call us
Call and talk to one of our New Zealand-based home loan coaches.
Monday to Friday, 8am - 8:30pm
Saturday and Sunday, 9am - 5pm
From overseas: +64 4 470 3165
Talk to a Mobile Mortgage Manager
Our Mobile Mortgage Managers can visit you at a time and place that is convenient for you.
Calculators
Work out how much you could borrow
Get an idea of how much you could borrow based on some quick questions about your financial situation.
Work out your repayments
Find out how much your repayments might be depending on the loan amount, loan type and term.
Wanting to renovate your home?
Get an idea of how much it might cost based on some quick questions about your home and renovation plans.
Guides
Important information
ANZ lending criteria, terms, conditions, and fees (our application fee is currently waived) apply. Interest rates and fees are subject to change. Read more about our Rates, fees and agreements.
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 anz.co.nz/fapdisclosure