ANZ home loans

ANZ
ANZ's overall rating for home loans

(as rated by the Mozo community)

7.2 / 10

based on 1118 reviews

About 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.

ANZ is one of the most awarded home loan lenders and was even named Major Bank Lender of the Year in the Mozo Experts Choice Home Loan Awards 2016. 

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 home loan lenders head on over to our home loans section where we list the latest rates and home loan offers in the market.

Rates and fees verified as correct at 05 December, 2016. Other information correct at the time of writing.

What home loans do ANZ offer?

Fixed Rate Home Loans 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 a 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 ‡

4.14% p.a.

5.21% p.a.

$10.00 monthly

$600

4.00% p.a.

4.98% p.a.

$10.00 monthly

$600


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Variable Rate Home Loans 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 you’ll have to budget for. If you need to free up funds later on, you can use the ANZ redraw facility.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.30% p.a.

4.34% p.a.

$0.00

$0

4.03% p.a.

4.07% p.a.

$0.00

$0

5.52% p.a.

5.62% p.a.

$5.00 monthly

$600

5.25% p.a.

5.35% p.a.

$5.00 monthly

$600


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Fixed Package Home Loan 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 ‡

3.99% p.a.

5.12% p.a.

$395.00 yearly

$0

3.99% p.a.

4.91% p.a.

$395.00 yearly

$0

3.99% p.a.

4.94% p.a.

$395.00 yearly

$0

3.99% p.a.

4.84% p.a.

$395.00 yearly

$0

3.99% p.a.

4.87% p.a.

$395.00 yearly

$0

3.85% p.a.

4.89% p.a.

$395.00 yearly

$0

3.85% p.a.

4.68% p.a.

$395.00 yearly

$0

3.85% p.a.

4.71% p.a.

$395.00 yearly

$0

3.85% p.a.

4.61% p.a.

$395.00 yearly

$0

3.85% p.a.

4.64% p.a.

$395.00 yearly

$0


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Variable Package Home Loan Variable Package Home Loan

Alternatively, you could opt for the ANZ variable 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, 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 ‡

5.02% p.a.

5.40% p.a.

$395.00 yearly

$0

4.72% p.a.

5.10% p.a.

$395.00 yearly

$0

4.77% p.a.

5.15% p.a.

$395.00 yearly

$0

4.62% p.a.

5.00% p.a.

$395.00 yearly

$0

4.67% p.a.

5.05% p.a.

$395.00 yearly

$0

4.75% p.a.

5.13% p.a.

$395.00 yearly

$0

4.45% p.a.

4.84% p.a.

$395.00 yearly

$0

4.50% p.a.

4.89% p.a.

$395.00 yearly

$0

4.35% p.a.

4.74% p.a.

$395.00 yearly

$0

4.40% p.a.

4.79% p.a.

$395.00 yearly

$0


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Line of Credit Line of Credit

Line of Credit

As its name suggests, ANZ’s Equity Manager is a line of credit account that allows you to turn the equity in your property into an approved limit of funds which can be drawn upon for your future personal and investment needs. The Equity Manager home loan is available for loan amounts over $20,000.

Product Rate Comparison Rate* Service fee Upfront fee

5.67% p.a.

n/a

$150.00 yearly

$600

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ANZ home loan features in a glance

Repayment optionsRepayment 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.

Interest onlyInterest 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.

Additional repaymentsAdditional 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.

Ability to splitAbility 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).

Locked in rateLocked in rate

If you want extra assurance against any interest rate rises during your settlement period, you can opt for a locked in rate with ANZ’s fixed home loan on loans of up to $1,000,000 and fixed for 1 to 5 years.

How are ANZ home loans rated?

Wonder how ANZ home loans stack up against the competition? Check out how borrowers have rated ANZ home loans on price, convenience, customer service and features here.

ANZ home loans

Overall 7.2*

Price

Features

Customer service

Convenience

Trust

1118 Reviews

* Overall rating based on reviews in the past 12 months.

Recent ANZ home loan reviews Recent ANZ home loan reviews

ANZ

ANZ Equity Manager (under $250k) (Breakfree Package) home loan review

Overall rating   7 / 10

Great customer service

Our bank manager was great when we first set up our home loan. I have also had issues on one or two occasions regarding my card and this has been sorted relatively quickly through the call centre. All staff members are helpful and will assist...

Full review

Our bank manager was great when we first set up our home loan. I have also had issues on one or two occasions regarding my card and this has been sorted relatively quickly through the call centre. All staff members are helpful and will assist where they can.

    Price   7 / 10

    Features   5 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   6 / 10

Less

Nicole (NSW), reviewed about 1 month ago

ANZ

ANZ Standard Variable Rate (Owner Occupier) home loan review

Overall rating   4 / 10

Good service

I have had great service from the ANZ bank for the last 30 years.

Full review

I have had great service from the ANZ bank for the last 30 years.

    Price   3 / 10

    Features   3 / 10

    Customer service   6 / 10

    Convenience   3 / 10

    Trust   5 / 10

Less

Ashley (NSW), reviewed about 1 month ago

ANZ

ANZ Standard Variable Rate (Owner Occupier) home loan review

Overall rating   1 / 10

Extremely disappointed with ANZ

After many years of loyal service and keeping our repayments well in advance for most of the time, we got behind one month by $10.35 and we started receiving texts and phone calls from some overseas call centre demanding immediate payment. We...

Full review

After many years of loyal service and keeping our repayments well in advance for most of the time, we got behind one month by $10.35 and we started receiving texts and phone calls from some overseas call centre demanding immediate payment. We fixed the issue but the month after that, we started receiving more messages about another small payment. After this, we decided to look for another local bank and they were more than happy to transfer the loan to their account. They had a better interest rate and personal service.

    Price   2 / 10

    Features   5 / 10

    Customer service   0 / 10

    Convenience   8 / 10

    Trust   1 / 10

Less

Len (VIC), reviewed 3 months ago

ANZ

ANZ Fixed Rate (Owner Occupier) home loan review

Overall rating   3 / 10

Customer service is not great

At the bank in Ararat last week, an employee questioned four people in the queue and advised each of us to do our own banking business away from the bank.

Full review

At the bank in Ararat last week, an employee questioned four people in the queue and advised each of us to do our own banking business away from the bank.

    Price   2 / 10

    Features   3 / 10

    Customer service   0 / 10

    Convenience   5 / 10

    Trust   3 / 10

Less

Wayne (VIC), reviewed 3 months ago

ANZ

ANZ Equity Manager (under $250k) (Breakfree Package) home loan review

Overall rating   10 / 10

Client appreciation

Go the extra mile because we have been long term customers

Full review

Go the extra mile because we have been long term customers

    Price   8 / 10

    Features   8 / 10

    Customer service   8 / 10

    Convenience   9 / 10

    Trust   10 / 10

Less

Warren (WA), reviewed 4 months ago

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Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

* The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

What do you need to apply for a ANZ home loan? 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 and photo ID.
  • 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 a 1 year individual tax return and accompanying ATO assessment notices and a 1 year business tax return, P/L statement and balance sheet.
  • 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 by providing existing loan statements for the last 3 months and credit card and store card statements.
  • Personal insurance documents including home and contents insurance, income protection and investment property 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 your home loan statement for the last 3 months and a current payout quote for any loans you plan to refinance, including all current fees and charges and any early repayment costs and exit fees.
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