Rates and fees verified as correct at 19 October, 2021. 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 an application fee and 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. | 4.40% p.a. | $10.00 monthly | $600 | ||
| 3.78% p.a. | 4.39% p.a. | $10.00 monthly | $600 | ||
| 2.24% p.a. | 3.99% p.a. | $10.00 monthly | $600 | ||
| 2.19% p.a. | 3.98% p.a. | $10.00 monthly | $600 | ||
| 2.84% p.a. | 4.58% p.a. | $10.00 monthly | $600 | ||
| 2.79% p.a. | 4.57% p.a. | $10.00 monthly | $600 | ||
| 2.64% p.a. | 4.53% p.a. | $10.00 monthly | $600 | ||
| 2.59% p.a. | 4.51% 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 (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.
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
| 3.74% p.a. | 3.78% p.a. | $0.00 | $600 | ||
| 2.72% p.a. | 2.76% 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. | 3.71% 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 |
|---|---|---|---|---|---|
| 3.63% p.a. | 3.57% p.a. | $395.00 yearly | $0 | ||
| 3.68% p.a. | 3.58% p.a. | $395.00 yearly | $0 | ||
| 2.09% p.a. | 3.33% p.a. | $395.00 yearly | $0 | ||
| 2.04% p.a. | 3.18% p.a. | $395.00 yearly | $0 | ||
| 2.64% p.a. | 3.76% p.a. | $395.00 yearly | $0 | ||
| 2.69% p.a. | 3.91% p.a. | $395.00 yearly | $0 | ||
| 2.49% p.a. | 3.86% p.a. | $395.00 yearly | $0 | ||
| 2.44% p.a. | 3.71% p.a. | $395.00 yearly | $0 |
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.
| 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 |
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 to lock in a rate with ANZ’s fixed home loan on loan amounts from $20,000 and fixed for 1 to 10 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.
4059 Reviews
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 reviewAfter 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.
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 reviewI 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.
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 reviewHopeless service, I went to the Branch to get advice on selling a PROPERTY and all They wanted to do was talk INSURANCE
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 reviewHear 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!
I ran into financial difficulties through some bad business deals and the ANZ helped us to work through this so that we are back on our feet now and I like to thank ANZ for this.
Read full reviewI ran into financial difficulties through some bad business deals and the ANZ helped us to work through this so that we are back on our feet now and I like to thank ANZ for this.
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: