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.
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.
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.
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.
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6.14% p.a. |
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n/a |
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n/a |
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n/a |
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6.15% p.a. |
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|
n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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n/a |
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n/a |
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$350.00 |
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$10,000 |
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$1,600,000 |
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none |
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80.00% |
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Owner Occupier |
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Principal & Interest |
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Monthly |
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yes - free |
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no |
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yes - free |
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none |
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no |
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no |
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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. |
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none |
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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.
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Home Value Loan
6.09% p.a. variable
6.09% p.a.
Fixed Rate
6.59% p.a.
fixed 3 years
7.06% p.a.
Mortgage Simplifier
6.14% p.a. variable
6.17% p.a.
Elevate
6.09% p.a. variable
6.20% p.a.
Fixed Rate Loan (with Orange Advantage)
5.99% p.a.
fixed 3 years
6.12% p.a.
Elevate
6.09% p.a.
6.20% p.a.
Mortgage Simplifier
6.14% p.a.
6.17% p.a.
Express Home Loan (Fixed)
6.04% p.a.
fixed 3 years
6.15% p.a.
Express Home Loan (Fixed)
6.54% p.a.
fixed 3 years
6.38% p.a.
Fixed Rate Loan (with Orange Advantage)
5.99% p.a.
fixed 3 years
6.12% p.a.
Express Home Loan (Fixed)
6.54% p.a.
fixed 3 years
6.38% p.a.
Fixed Rate
6.59% p.a.
fixed 3 years
7.06% p.a.
Home Value Loan
6.09% p.a.
6.09% p.a.
$0.00
Elevate
6.09% p.a.
6.20% p.a.
$0.00
First Home Buyer Loan
5.90% p.a.
5.93% p.a.
$0.00
Basic Variable Home Loan
5.94% p.a.
5.99% p.a.
$0.00
First Home Buyer Advantage Plus Home Loan
5.99% p.a.
6.76% p.a.
$0.00
Express Home Loan
6.01% p.a.
6.14% p.a.
$10.00 monthly
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.
