Transform Your Home with ANZ’s New 2.5% Reno Loan
At Studio Ren, we believe that a well-designed home should evolve with you. Whether you’re dreaming of a modern kitchen, a spa-like bathroom, or simply refreshing your space with a new coat of paint, there has never been a better time to "stay put and improve."
The "Stay Put and Improve" Opportunity
With the current housing market shifting, many New Zealanders are choosing to renovate their existing homes rather than relocate. To support this, ANZ has recently launched a new 2.5% fixed-term "Reno Loan."
This is a game-changer for homeowners who want to unlock their property’s potential without the burden of standard mortgage rates.
Key Details of the 2.5% Reno Loan
This offer is specifically designed to help you get those long-awaited projects off the ground:
The Rate: 2.5% p.a. fixed for 3 years.
The Amount: Borrow between $3,000 and $50,000.
The Scope: Unlike "green loans" which are restricted to energy efficiency, this loan covers a wide range of aesthetic and functional upgrades:
Kitchen and bathroom remodels
Interior and exterior painting
Landscaping and decks
Roofing and general maintenance
Eligibility: Generally available to owner-occupiers with at least 20% equity in their home.
Sustainable Upgrades at 0% to 1%
If your renovation plans include energy-efficient upgrades, you can stack your savings. Many major banks, including Westpac, ASB, and BNZ, continue to offer "Green" or "Better Home" loans at even lower rates—ranging from 0% to 1% interest. These are perfect for:
Solar power and battery storage
Double glazing and insulation
Heat pumps and ventilation systems
How Studio Ren Can Help
A low interest rate is a fantastic tool, but the real value comes from good design. At Studio Ren, we specialize in helping you maximize your investment by ensuring your renovation is both beautiful and functional.
From navigating Resource Consent requirements to creating high-fidelity architectural visualizations that help you "see" your project before it starts, we are here to guide you through every step of the process.
Thinking of a renovation? > A $30,000 bathroom renovation at 2.5% could cost as little as $399 per fortnight over three years - a significant saving compared to standard top-up rates.
Ready to get cracking?
Let’s discuss how we can turn your renovation dreams into a reality using these new financial incentives.
Book a Consultation with Studio Ren
call us on: 0212030332
Email us at: info@studioren.co.nz
Disclaimer: Interest rates and lending criteria are subject to change by the respective banks. We recommend speaking with your financial advisor or bank manager to confirm your eligibility.
