A Practical Look at ANZ’s Reno Loan
As of early 2026, ANZ has introduced a “Reno Loan” offering a 2.5% fixed interest rate for three years. It’s aimed at homeowners looking to make improvements without taking on a larger, long-term lending structure.
Like most lending products, it won’t suit everyone, but it does open up some practical options for smaller to mid-sized projects.
The basics
At a high level, the loan offers:
2.5% p.a. fixed for 3 years
Borrowing from $3,000 up to $50,000
Available to ANZ home loan customers (or those refinancing)
Minimum 20% equity required (30% for investment properties)
After the three-year period, the loan rolls onto a standard rate.
It’s designed for renovations that add value — things like kitchens, bathrooms, painting, or general upgrades around the home.
What kind of renovations does it suit?
Because of the loan size, it tends to align with smaller, high-impact upgrades rather than large-scale construction.
Common uses include:
Kitchen updates or partial remodels
Bathroom renovations
Interior or exterior painting
Flooring, lighting, and finish upgrades
Minor layout improvements
These are often the projects that improve how a home feels day-to-day, even if they’re not structural changes.
Where it fits into a renovation plan
From a building perspective, most renovations are best approached in stages.
Instead of trying to do everything at once, it can make sense to:
Focus on the areas that are used the most
Address any wear and tear or outdated spaces
Improve comfort and usability first
Leave larger structural changes for later
A loan like this can support that first stage — without overcommitting to a full project before you’re ready.
What about energy upgrades?
Alongside the Reno Loan, ANZ also offers a Good Energy Home Loan (up to $80,000 at 1% for three years), aimed at things like insulation, heating, double glazing, and solar.
For some homeowners, it’s less about choosing one or the other, and more about understanding how both could fit into a longer-term plan.
Taking a practical approach to renovating
At Zephyr Construction, most renovation conversations start the same way - with a look at what’s actually worth doing now.
Not everything needs to happen at once. Often it’s about:
Being clear on priorities
Understanding what will add real value
Planning the work in a way that makes