2.5% Reno Loan, Fixed for 3 Years ($3,000 - $50,000, Min. 20% Equity Owner/Occupied Prop., 30% Res. Investment Prop) @ ANZ Bank

New loan offer from ANZ to help fix up your house for a smaller amount

Here are examples of what repayments on your ANZ Reno Loan could be for different project sizes on a 3-year loan term.
These repayments are indicative and would be in addition to your existing home loan repayments:

$5,000 to refresh some carpet or do some landscaping could mean fortnightly repayments of $67
$10,000 for repainting your home could mean fortnightly repayments of $133
$30,000 for a roof replacement or bathroom renovation could mean fortnightly repayments of $399
$50,000 for a full kitchen renovation could mean fortnightly repayments of $666.

The ANZ Reno Loan is only available as a top-up to your ANZ Home Loan and only for eligible renovation purposes. Minimum loan $3,000 and a maximum of $50,000 lending is available per customer. You can only draw down once. If you borrow less than $50,000, you won’t be able to access the remaining amount later. Minimum 20% equity required for owner occupied properties, and minimum 30% equity required for residential investment properties. This offer is only available for a limited time only. After the special 3-year fixed rate, ANZ's Home Loan floating interest rate will apply. ANZ can withdraw the offer at any time. ANZ may apply discretion when assessing applications and reserves the right to decline applications or ask for more information if ANZ believes your intended purchase isn’t for the purposes of renovation.