ANZ Plus logo

ANZ Plus Home Loan Variable

Advertiser disclosure
Rate
6.14% p.a.
Comparison Rate
6.15% p.a.
Service fee
Upfront fee
$0

Mozo editorial review ANZ Plus Home Loan Variable - last updated: 1 May 2024

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What's hot
  • 6.14% p.a. variable rate (6.15% p.a. comparison rate*)
  • See the estimated value of your home in the ANZ Plus app
What's not
  • Only for refinancers (see key features for more details)
  • Not available to those who own more than one property (i.e. investors)
Mozo snapshot

With a competitive variable interest rate of 6.14% p.a. variable rate (6.15% p.a. comparison rate*), the ANZ Plus home loan provides homeowners with a new refinance option and digital management features in the ANZ Plus app (on Android and Apple). 

Note: It’s currently only available for owner-occupiers in metro areas (excluding NT and TAS). Also, some features are still in development.

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Key features

The ANZ Plus variable home loan is only for those refinancing their existing home loan, between $10,000 and $1,600,000, and not seeking to borrow more than their current loan. 

It’s for owner-occupiers with a loan-to-value ratio (LVR) of <80%, who don’t own more than one property (sorry property investors!).

As this loan is still in development, there are a couple of features that ANZ say are coming soon. These include: 

  • Offset accounts

  • Auto-repayments from a joint account.

The ANZ Plus variable home loan links up to your ANZ Plus and Save accounts and utilises new features in the ANZ Plus app to help you manage your loan. This also means those applying for this loan must open the ANZ bank accounts mentioned above. 

The ANZ Plus mobile phone app features include: 

  • Apply for the loan in-app on an Android or Apple device

  • See the estimated value of your property

  • Support and help from specialists 

  • Manage your home loan in-app. 

snapshot
Who is it good for

This loan is suitable for those who only own the property they are currently living in, and who want to refinance their current loan.

It’s a loan that suits those who prefer to do everything from their smartphone.

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Any catches

You need to open ANZ Plus and ANZ Save bank accounts to get this home loan. 

You will also need to have access to a smartphone compatible with the ANZ Plus app, as this is where you’ll do the bulk of your home loan management. Unfortunately, this means you won’t be able to rock up at a branch or use your internet banking to manage your loan. 

At this point in time, it’s only open to residents living in metro areas of NSW and Victoria.

Details

Rates and fees information correct as at 16 July 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

6.14% p.a.

n/a

n/a

n/a

6.15% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$0.00

n/a

n/a

$350.00

Other financial bits

$10,000

$1,600,000

none

80.00%

Features

Owner Occupier

Principal & Interest

Monthly

yes - free

no

yes - free

none

no

no

Refinancing Only. Not available for property in Tasmania or the Northern Territory, or from non-metropolitan areas in other Australian states. Only available through the ANZ Plus app.

none

none

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Customer Reviews

How are ANZ Plus home loans rated by the Mozo community?

Overall
7.6/10
Price
3.0/10
Features
3.0/10
Customer service
2.0/10
Convenience
1.0/10
Trust
1.0/10
Based on 1 ANZ Plus home loan reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Latest review of ANZ Plus Home Loan Variable

About ANZ Plus

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6.04% p.a.

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6.14% p.a.

6.39% p.a.

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6.14% p.a.

$10.00 monthly

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$0.00

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WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

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