based on 27667 ANZ banking product reviews as rated by Mozo community

ANZ home loans

ANZ is one of the largest banking groups in Australia and New Zealand, with a history that stretches back over 175 years. As one of Australia’s big 4 banks, it has a range of home loans that cater to every borrowing need from first home buyers, investors and everyone in between.

On this page you can compare all of ANZ’s home loans including variable, fixed and line of credit home loans to find what’s best for your needs. If you’d like to compare ANZ home loans against other lenders, head on over to our home loans section where we list the latest rates and home loan offers in the market.

What home loans do ANZ offer?

Rates and fees verified as correct at 06 December, 2021. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

ANZ has an extensive range of fixed loan terms ranging from 1 year up to 10 years with a choice of interest only or principal and interest repayments. Your payment cycle can be timed to suit you with the option of weekly, fortnightly or monthly repayments. The 1 year fixed rate loan has an optional mortgage offset account and with all ANZ fixed rate loans you can make extra repayments up to a set amount each year. There is an application fee and monthly fee to consider with all ANZ fixed rate home loans.

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments

3.83% p.a.

4.40% p.a.

$10.00 monthly

$600

3.78% p.a.

4.39% p.a.

$10.00 monthly

$600

2.99% p.a.

4.19% p.a.

$10.00 monthly

$600

2.94% p.a.

4.08% p.a.

$10.00 monthly

$600

3.39% p.a.

4.72% p.a.

$10.00 monthly

$600

3.34% p.a.

4.71% p.a.

$10.00 monthly

$600

3.19% p.a.

4.67% p.a.

$10.00 monthly

$600

3.14% p.a.

4.66% p.a.

$10.00 monthly

$600

Variable Rate Home Loans

Looking for flexibility in a home loan? ANZ offers two variable home loans: a basic variable rate for loans starting from $50,000 and a standard variable rate loan for amounts over $20,000. If you are an existing ANZ customer you can borrow up to 95% of the property’s value but if you are a new customer the maximum LVR is 90%. Flexibility with an ANZ variable rate home loan comes in the form of money saving features such as a fee-free extra repayments facility and an offset account, but keep in mind there is a monthly service fee (with the standard variable option) that you’ll have to budget for. Meanwhile the ANZ Simplicity PLUS option doesn't have an offset account but it comes with zero ongoing fees and also gives borrowers the ability to take a repayment holiday. For both home loans, if you need to free up funds later on, you can use the ANZ redraw facility to dip into any extra repayments you've made. 

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

3.94% p.a.

3.85% p.a.

$0.00

$600

3.74% p.a.

3.78% p.a.

$0.00

$600

3.38% p.a.

3.17% p.a.

$0.00

$600

2.29% p.a.

2.53% p.a.

$0.00

$600

2.49% p.a.

2.53% p.a.

$0.00

$600

2.98% p.a.

3.02% p.a.

$0.00

$600

4.94% p.a.

5.04% p.a.

$5.00 monthly

$600

4.39% p.a.

4.49% p.a.

$5.00 monthly

$600

3.73% p.a.

3.77% p.a.

$0.00

$600

3.74% p.a.

3.78% p.a.

$0.00

$600

3.09% p.a.

3.29% p.a.

$0.00

$600

3.32% p.a.

3.06% p.a.

$0.00

$600

2.79% p.a.

3.03% p.a.

$0.00

$600

2.99% p.a.

2.83% p.a.

$0.00

$600

3.22% p.a.

3.26% p.a.

$0.00

$600

5.24% p.a.

5.34% p.a.

$5.00 monthly

$600

4.99% p.a.

5.09% p.a.

$5.00 monthly

$600

Fixed Package Home Loan

If your home loan is over $150,000, you might want to opt for a home loan package like the ANZ Breakfree package. With the fixed home loan package you’ll pay an annual fee but in return you’ll get a discounted interest rate and other fees waived on your home loan (such as the loan application fee and upfront costs like legal, settlement or valuation fees), plus discounts will apply to any bank account and credit cards you hold with ANZ. You’ll even get discounts on insurance if you want.

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments

3.63% p.a.

3.57% p.a.

$395.00 yearly

$0

3.68% p.a.

3.73% p.a.

$395.00 yearly

$0

2.84% p.a.

3.52% p.a.

$395.00 yearly

$0

2.79% p.a.

3.37% p.a.

$395.00 yearly

$0

3.19% p.a.

3.89% p.a.

$395.00 yearly

$0

3.24% p.a.

4.05% p.a.

$395.00 yearly

$0

3.04% p.a.

4.00% p.a.

$395.00 yearly

$0

2.99% p.a.

3.84% p.a.

$395.00 yearly

$0

Variable Package Home Loan

Alternatively, you could opt for the ANZ variable package home loan, if you’re looking for increased flexibility in your repayment options. As with the fixed rate option, you’ll pay an annual fee but other fees will be waived and if you choose to bundle your banking products, discounts will apply to them as well. 

The ANZ variable Breakfree package includes features to help you pay off your home loan sooner, including the use of an offset account as well as the ability to make extra repayments and to redraw if you need to.

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

3.34% p.a.

3.75% p.a.

$395.00 yearly

$0

2.99% p.a.

3.42% p.a.

$395.00 yearly

$0

3.19% p.a.

3.61% p.a.

$395.00 yearly

$0

4.04% p.a.

4.44% p.a.

$395.00 yearly

$0

3.59% p.a.

4.00% p.a.

$395.00 yearly

$0

3.79% p.a.

4.19% p.a.

$395.00 yearly

$0

ANZ home loan features in a glance

Repayment Icon

Repayment options

Most of ANZ’s home loans have very flexible repayment options where you can choose to pay off your home loan on a weekly, fortnightly or monthly basis.

Rate icon

Interest only

You could opt for an interest only payment option with an ANZ home loan, should you need to free up extra cash for other commitments.

Repayment Icon

Additional repayments

ANZ’s variable home loans allow you to make unlimited extra repayments without penalty so you can pay off your loan faster and reduce your interest payments over the term of your loan. The fixed rate option also comes with the flexibility of an extra repayments facility, allowing you to make additional payments up to a set amount each year of the fixed rate period.

Rate icon

Ability to split

For borrowers who want the best of both worlds, ANZ’s home loans come with the option of splitting your loan between a fixed and variable rate. Not only will you have the security of a fixed rate but you can access all the benefits of a variable rate such as repayment flexibility and an offset account (if eligible).

Deposit icon

Locked in rate

If you want extra assurance against any interest rate rises during your settlement period, you can opt to lock in a rate with ANZ’s fixed home loan on loan amounts from $20,000 and fixed for 1 to 10 years.

How are ANZ home loans rated?

Mozo users have rated ANZ home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of home-loans
ANZ home loans
Overall
Price
Features
Customer service
Convenience
Trust

4060 Reviews

Recent ANZ home loan reviews

ANZ Home Loan
Overall 1/10
Very poor customer services

Really poor customer service. Selling our place and applying for a new loan— the banker was rude and told me not to contact him for clarification —as it just slows him down— and i should wait for him to get back to me- He didnt return emails for 3-5 days—and the call was to check all was in progress/place Had previously been prepared to pay higher fees because of good customer service.

Read full review

Really poor customer service. Selling our place and applying for a new loan— the banker was rude and told me not to contact him for clarification —as it just slows him down— and i should wait for him to get back to me- He didnt return emails for 3-5 days—and the call was to check all was in progress/place Had previously been prepared to pay higher fees because of good customer service.

Price
2/10
Features
4/10
Customer service
1/10
Convenience
2/10
Trust
3/10
Less
Gwyn, Victoria, reviewed 24 days ago
ANZ Fixed Rate
Overall 1/10
DON'T do it. ABSOLUTELY not worth it.

After 5 weeks of stress, hoops, red tape we applied with Commonwealth bank who had everything done in 4 days. ANZ I have never been more sick to the stomach with anything. Buying a second home with a fully paid off house and 3 incomes for a loan of $250k should NEVER have been that hard. I will NOT consider you again.

Read full review

After 5 weeks of stress, hoops, red tape we applied with Commonwealth bank who had everything done in 4 days. ANZ I have never been more sick to the stomach with anything. Buying a second home with a fully paid off house and 3 incomes for a loan of $250k should NEVER have been that hard. I will NOT consider you again.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Yolonda, Queensland, reviewed about 2 months ago
ANZ Home Loan
Overall 5/10
Hopeless bank

I had a variable loan with ANZ and split it a couple of years ago so that I could get a fix rate on a portion of it. On splitting the loan, I was advised that I could then easily combine when the fix rate expired. When it was time to combine, it wasn’t easy at all. They wanted my financials!! Why ? I’m not asking for more money, I now just want to make one repayment. Hopeless bank.

Read full review

I had a variable loan with ANZ and split it a couple of years ago so that I could get a fix rate on a portion of it. On splitting the loan, I was advised that I could then easily combine when the fix rate expired. When it was time to combine, it wasn’t easy at all. They wanted my financials!! Why ? I’m not asking for more money, I now just want to make one repayment. Hopeless bank.

Price
10/10
Features
1/10
Customer service
6/10
Convenience
10/10
Trust
10/10
Less
Maria, New South Wales, reviewed 2 months ago
ANZ Variable Rate (Breakfree Package)
Overall 3/10
Out of touch with the Customer

Hopeless service, I went to the Branch to get advice on selling a PROPERTY and all They wanted to do was talk INSURANCE

Read full review

Hopeless service, I went to the Branch to get advice on selling a PROPERTY and all They wanted to do was talk INSURANCE

Price
1/10
Features
1/10
Customer service
1/10
Convenience
8/10
Trust
1/10
Less
Rob, Northern Territory, reviewed 3 months ago
ANZ Standard Variable Rate
Overall 1/10
Took 7 weeks to complete my home loan!

Hear me out! ANZ Retrenched so many bank/loan processing staff and Now they don’t have staff to process our application??? April 2021 my broker submits transfer of three loans to Anz. Gone throughout all P/wrk plus the head ache of missing this and that. Broker takes a week or two off starts my application get the formal approval and lodge it in 6th of June after also completing credit check . We have not heard back from the Loan processing team ANZ for 5 weeks, August 8th ANZ calls back asking for freshen up all updated paperwork plus the credit check all to be redone! You guys are so frustrating and pathetic. How could you? Waste time give us the RUN around making our life’s difficult! Very frustrated I will find another lender!

Read full review

Hear me out! ANZ Retrenched so many bank/loan processing staff and Now they don’t have staff to process our application??? April 2021 my broker submits transfer of three loans to Anz. Gone throughout all P/wrk plus the head ache of missing this and that. Broker takes a week or two off starts my application get the formal approval and lodge it in 6th of June after also completing credit check . We have not heard back from the Loan processing team ANZ for 5 weeks, August 8th ANZ calls back asking for freshen up all updated paperwork plus the credit check all to be redone! You guys are so frustrating and pathetic. How could you? Waste time give us the RUN around making our life’s difficult! Very frustrated I will find another lender!

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Peter, Victoria, reviewed 4 months ago

What do you need to apply for a ANZ home loan?

You can apply online for an ANZ home loan or make an appointment with an ANZ home loan specialist but you’ll need to have these details and documentation at the ready:

  • Personal identification including a driver’s licence, passport, birth certificate and Medicare card.
  • Income details:
    • Your most recent payslip confirming at least 3 months year to date (TD) income or salary credited to an ANZ account (or any other financial institution) for 3 months.
    • If you’re self-employed you’ll need an individual tax return and ATO assessment notice that's less than 18 months old.
  • You should also bring details of other income such as your shareholding statement, Centrelink statement for government benefits and record of investment to confirm interest.
  • Details of Your Financial Position
    • Your Assets: You’ll need to provide proof of savings and any other assets you may have including your current term deposit account, share investment statement, property or motor vehicle assets.
    • Your Liabilities: You will be required to list your liabilities, including credit card limits, personal loans and car loans. ANZ will also ask for a breakdown of your monthly living expenses (including transport, groceries, utility bills, TV and internet bills, recreation and entertainment, and insurance). 
  • Property purchase details including the contract of sale, copy of transfer of land and proof of property insurance (if applicable).
  • For those refinancing their home loan and not with ANZ, you’ll need to provide your home loan statement and a current payout quote for the loan you plan to refinance, including all current fees and charges and any early repayment costs and exit fees.

Home loan quick links