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ANZ Bank NZ launches a 2.5% fixed-rate loan for home renovations, available March 23, 2026, for owners with 20% equity.
ANZ Bank New Zealand launched the 2.5% fixed-rate Reno Loan, allowing homeowners with at least 20% equity to borrow $3,000 to $50,000 for renovations like kitchens, roofs, and solar panels.
The loan, available from March 23, 2026, could save borrowers up to $2,000 in interest over three years.
A survey found cost deters 76% of potential renovators.
Renovation consents rose to $2.23 billion by January 2026, up 2.8% from 2025, with growing online interest.
The loan excludes new builds and business use, and projects must start after the launch date.
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ANZ Bank NZ lanza un préstamo de tasa fija del 2,5% para renovaciones de viviendas, disponible el 23 de marzo de 2026, para propietarios con un 20% de capital propio.