Rates and fees verified as correct at 27 October, 2020. Other information correct at the time of writing. Advertiser disclosure.
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.
| Product | Fixed 3 year rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 3.83% p.a. | 4.80% p.a. | $10.00 monthly | $600 | ||
| 2.44% p.a. | 4.04% p.a. | $10.00 monthly | $600 | ||
| 2.84% p.a. | 4.76% p.a. | $10.00 monthly | $600 | ||
| 2.64% p.a. | 4.53% p.a. | $10.00 monthly | $600 |
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.
| Product | Rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 3.74% p.a. | 3.78% p.a. | $0.00 | $0 | ||
| 2.72% p.a. | 2.76% p.a. | $0.00 | $0 | ||
| 2.98% p.a. | 3.02% p.a. | $0.00 | $0 | ||
| 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. | 3.71% p.a. | $0.00 | $0 | ||
| 3.74% p.a. | 3.78% p.a. | $0.00 | $0 | ||
| 3.32% p.a. | 3.23% p.a. | $0.00 | $0 | ||
| 3.12% p.a. | 3.16% p.a. | $0.00 | $0 | ||
| 3.22% p.a. | 3.26% p.a. | $0.00 | $0 | ||
| 5.24% p.a. | 5.34% p.a. | $5.00 monthly | $600 | ||
| 4.99% p.a. | 5.09% p.a. | $5.00 monthly | $600 |
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.
| Product | Fixed 3 year rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 3.68% p.a. | 4.63% p.a. | $395.00 yearly | $0 | ||
| 3.68% p.a. | 4.41% p.a. | $395.00 yearly | $0 | ||
| 3.68% p.a. | 4.34% p.a. | $395.00 yearly | $0 | ||
| 2.29% p.a. | 3.89% p.a. | $395.00 yearly | $0 | ||
| 2.29% p.a. | 3.67% p.a. | $395.00 yearly | $0 | ||
| 2.29% p.a. | 3.70% p.a. | $395.00 yearly | $0 | ||
| 2.29% p.a. | 3.60% p.a. | $395.00 yearly | $0 | ||
| 2.29% p.a. | 3.63% p.a. | $395.00 yearly | $0 | ||
| 2.69% p.a. | 4.59% p.a. | $395.00 yearly | $0 | ||
| 2.69% p.a. | 4.37% p.a. | $395.00 yearly | $0 | ||
| 2.69% p.a. | 4.30% p.a. | $395.00 yearly | $0 | ||
| 2.49% p.a. | 4.37% p.a. | $395.00 yearly | $0 | ||
| 2.49% p.a. | 4.15% p.a. | $395.00 yearly | $0 | ||
| 2.49% p.a. | 4.18% p.a. | $395.00 yearly | $0 | ||
| 2.49% p.a. | 4.07% p.a. | $395.00 yearly | $0 | ||
| 2.49% p.a. | 4.11% p.a. | $395.00 yearly | $0 |
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.
| Product | Rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 4.44% p.a. | 4.83% p.a. | $395.00 yearly | $0 | ||
| 4.14% p.a. | 4.53% p.a. | $395.00 yearly | $0 | ||
| 4.04% p.a. | 4.44% p.a. | $395.00 yearly | $0 | ||
| 3.89% p.a. | 4.29% 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 | ||
| 3.49% p.a. | 3.90% p.a. | $395.00 yearly | $0 | ||
| 3.69% p.a. | 4.09% p.a. | $395.00 yearly | $0 | ||
| 4.74% p.a. | 5.12% p.a. | $395.00 yearly | $0 | ||
| 4.44% p.a. | 4.83% p.a. | $395.00 yearly | $0 | ||
| 4.34% p.a. | 4.73% p.a. | $395.00 yearly | $0 | ||
| 4.49% p.a. | 4.88% p.a. | $395.00 yearly | $0 | ||
| 4.19% p.a. | 4.58% p.a. | $395.00 yearly | $0 | ||
| 4.24% p.a. | 4.63% p.a. | $395.00 yearly | $0 | ||
| 4.09% p.a. | 4.48% p.a. | $395.00 yearly | $0 | ||
| 4.14% p.a. | 4.53% p.a. | $395.00 yearly | $0 |
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 |
|---|---|---|---|---|
| 6.01% p.a. | n/a | $150.00 yearly | $600 |
‡ 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.
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.
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.
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.
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).
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.
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.
ANZ‘s processing is the worst in the business. You risk losing your house if you want settlement within 5 weeks of your application. Don’t use them.
Read full reviewANZ‘s processing is the worst in the business. You risk losing your house if you want settlement within 5 weeks of your application. Don’t use them.
They are pretty easy to deal with but they have recently closed our local branch and ATM so it is getting to be an inconvenience to do banking required like depositing cheques etc.
Read full reviewThey are pretty easy to deal with but they have recently closed our local branch and ATM so it is getting to be an inconvenience to do banking required like depositing cheques etc.
I like it as they have branches everywhere. Dislike that they don't offer better interest rates to people who have had accounts with them for years.
Read full reviewI like it as they have branches everywhere. Dislike that they don't offer better interest rates to people who have had accounts with them for years.
ANZ Bank offer clear and transparent terms for their Home Loans, with minimal extra features or a whole package of extra features depending on your needs.
Read full reviewANZ Bank offer clear and transparent terms for their Home Loans, with minimal extra features or a whole package of extra features depending on your needs.
Disappointing that customers do not receive interest cuts. Banks making huge profits and not sharing that with their customers. They would not make profitable without us.
Read full reviewDisappointing that customers do not receive interest cuts. Banks making huge profits and not sharing that with their customers. They would not make profitable without us.
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:
