ANZ Fixed Rate (Breakfree Package)

3.85% p.a.

4.89% p.a.

$395.00 yearly

3.85% p.a.

4.68% p.a.

$395.00 yearly

3.85% p.a.

4.61% p.a.

$395.00 yearly

3.85% p.a.

4.71% p.a.

$395.00 yearly

3.85% p.a.

4.64% p.a.

$395.00 yearly

3.99% p.a.

5.12% p.a.

$395.00 yearly

3.99% p.a.

4.91% p.a.

$395.00 yearly

3.99% p.a.

4.84% p.a.

$395.00 yearly

3.99% p.a.

4.94% p.a.

$395.00 yearly

3.99% p.a.

4.87% p.a.

$395.00 yearly

ANZ Fixed Rate (Breakfree Package) Review

Rates and fees information correct as at 3 December 2016.

Review published: 25 July 2014

What's hot:

  • Range of fixed rate terms

  • Package to reduce fees and increase savings

  • Mozo Experts Choice Awards Winner 2016

What's not:

  • No redraw facility

Mozo snapshot:

If you're after a fixed rate loan from a Big Bank and want to also save on some of your everyday banking products like transactions accounts and credit cards, the ANZ Fixed Rate Breakfree package could be a great loan to get. In fact, this home loan impressed the judges of the Mozo Experts Choice Awards so much that it won the top spot as the Best Value Fixed Home Loan from a Major Bank. To top things off, ANZ was also crowned the Best Value Major Bank. 

Key features:

The ANZ Fixed Rate Breakfree package has no loan application fee, or usual upfront fees like legal, settlement or valuation fees. These include no account fee on your transaction account (saving of $5 a month) and no annual fee on the ANZ Frequent Flyer Platinum Card, a saving of $295. But you will pay an $395 annual package fee for the life of the loan so make sure that you also take advantage of the flexible features to make the most of the savings offered. 

You can make extra repayments up to a set limit but as with all fixed rate loans there isn't the ability to redraw if you need the funds at a later date. There isn't a maximum loan amount with the Breakfree fixed package and you can borrow up to 90% LVR.

While the ANZ Breakfree Package gives you a 0.15% p.a. discount off the standard ANZ fixed rates for terms 1,2,4 and 5 years, there are different fixed rates for owner occupiers vs investors.  

Owner Occupier

If you call the property home, with the ANZ Breakfree Package you will receive a competitive 4.39% for 1 year, 3.75% for 2 years, 3.85% for 3 years and 4.59% for 4 and 5 years. 

Investment

By comparison, the rates are slightly higher if you are an investor, with 4.79% fixed rate for 1 year, 3.99% for 2 and 3 years, 4.99% for 4 years, and 4.89% for 5 years. 




Who it's good for:

Borrowers that want simplified banking by bundling all of their major banking products - home loan, credit card and transaction account - with the one bank and want to stick to one of the major 4 players. 

Any catches?

Just keep an eye on the end date of the fixed loan period and compare to make sure that the variable rate revert rate is competitive with other loans on the market for the same features.

How are ANZ home loans rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
7.2

Based on 1118
ANZ home loans reviews

6.8 6.8 7.3 7.6 7.2

Read ANZ home loan reviews by the Mozo community

Latest reviews of ANZ Fixed Rate (Breakfree Package)

ANZ

ANZ Fixed Rate (Owner Occupier $150k-$250k) (Breakfree Package) home loan review

Overall rating   0 / 10

Not helpful at all

Terrible service Takes money constantly

Full review

Terrible service Takes money constantly

    Price   1 / 10

    Features   1 / 10

    Customer service   0 / 10

    Convenience   1 / 10

    Trust   0 / 10

Less

Jamielee (VIC), reviewed 8 months ago

ANZ

ANZ Fixed Rate (Owner Occupier $150k-$250k) (Breakfree Package) home loan review

Overall rating   10 / 10

Fantastic customer service

The dealings I have had with any ANZ staff in regards to my home loans or personal banking have been fantastic and nothing is a problem for them.

Full review

The dealings I have had with any ANZ staff in regards to my home loans or personal banking have been fantastic and nothing is a problem for them.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Arthur (QLD), reviewed 9 months ago

ANZ

ANZ Fixed Rate (Owner Occupier $150k-$250k) (Breakfree Package) home loan review

Overall rating   10 / 10

Great customer service

Personalised service from our local branch. They have looked after us very well over the 3 year loan so far.

Full review

Personalised service from our local branch. They have looked after us very well over the 3 year loan so far.

    Price   9 / 10

    Features   9 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   9 / 10

Less

Rhonda (WA), reviewed 9 months ago

ANZ

ANZ Fixed Rate (Owner Occupier $150k-$250k) (Breakfree Package) home loan review

Overall rating   6 / 10

Great customer service with competitive rates

This bank was great when it came to offering self employed people like ourselves, allowing us to enter the property market like no one else had in the past. The team was friendly supportive and flexible.

Full review

This bank was great when it came to offering self employed people like ourselves, allowing us to enter the property market like no one else had in the past. The team was friendly supportive and flexible.

    Price   5 / 10

    Features   4 / 10

    Customer service   9 / 10

    Convenience   10 / 10

    Trust   6 / 10

Less

Jessica (NSW), reviewed 9 months ago

ANZ

ANZ Fixed Rate (Owner Occupier $150k-$250k) (Breakfree Package) home loan review

Overall rating   7 / 10

ANZ are OK

They just increased the fees, so approx $400 for the year, and I don't see what I get for it!

Full review

They just increased the fees, so approx $400 for the year, and I don't see what I get for it!

    Price   6 / 10

    Features   2 / 10

    Customer service   8 / 10

    Convenience   9 / 10

    Trust   8 / 10

Less

Laura (VIC), reviewed 10 months ago

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.

Currently showing

Rates

  • p.a.

  • p.a.

  • 0 Months

  • none

  • 4.39% (5.10%*)

  • 3.75% (4.95%*)

  • 3.85% (4.89%*)

  • 4.59% (5.08%*)

  • 4.59% (5.06%*)

  • 7.54% (6.72%*)

  • 7.54% (7.16%*)

  • 4.75% p.a.

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • $160.00

Other financial bits

  • $150,000

  • $249,999

  • none

  • 90.00%

Features

  • Weekly, Fortnightly, Monthly

  • yes - free up to annual limit

  • no

  • no

  • none

  • yes

  • yes - 1 year fixed term only

  • none

  • none

Rates

  • p.a.

  • p.a.

  • 0 Months

  • none

  • 4.39% (4.83%*)

  • 3.75% (4.71%*)

  • 3.85% (4.68%*)

  • 4.59% (4.88%*)

  • 4.59% (4.89%*)

  • 7.54% (6.60%*)

  • 7.54% (7.08%*)

  • 4.45% p.a.

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • $160.00

Other financial bits

  • $250,000

  • $499,999

  • none

  • 80.00%

Features

  • Weekly, Fortnightly, Monthly

  • yes - free up to annual limit

  • no

  • no

  • none

  • yes

  • yes - 1 year fixed term only

  • none

  • none

Rates

  • p.a.

  • p.a.

  • 0 Months

  • none

  • 4.39% (4.74%*)

  • 3.75% (4.62%*)

  • 3.85% (4.61%*)

  • 4.59% (4.82%*)

  • 4.59% (4.84%*)

  • 7.54% (6.55%*)

  • 7.54% (7.05%*)

  • 4.35% p.a.

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • $160.00

Other financial bits

  • $500,000

  • none

  • none

  • 80.00%

Features

  • Weekly, Fortnightly, Monthly

  • yes - free up to annual limit

  • no

  • no

  • none

  • yes

  • yes - 1 year fixed term only

  • none

  • none

Rates

  • p.a.

  • p.a.

  • 0 Months

  • none

  • 4.39% (4.88%*)

  • 3.75% (4.75%*)

  • 3.85% (4.71%*)

  • 4.59% (4.92%*)

  • 4.59% (4.92%*)

  • 7.54% (6.62%*)

  • 7.54% (7.09%*)

  • 4.50% p.a.

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • $160.00

Other financial bits

  • $250,000

  • $499,999

  • 80.00%

  • 90.00%

Features

  • Weekly, Fortnightly, Monthly

  • yes - free up to annual limit

  • no

  • no

  • none

  • yes

  • yes - 1 year fixed term only

  • none

  • none

Rates

  • p.a.

  • p.a.

  • 0 Months

  • none

  • 4.39% (4.79%*)

  • 3.75% (4.67%*)

  • 3.85% (4.64%*)

  • 4.59% (4.85%*)

  • 4.59% (4.87%*)

  • 7.54% (6.57%*)

  • 7.54% (7.07%*)

  • 4.40% p.a.

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • $160.00

Other financial bits

  • $500,000

  • none

  • 80.00%

  • 90.00%

Features

  • Weekly, Fortnightly, Monthly

  • yes - free up to annual limit

  • no

  • no

  • none

  • yes

  • yes - 1 year fixed term only

  • none

  • none

Rates

  • p.a.

  • p.a.

  • 0 Months

  • none

  • 4.79% (5.37%*)

  • 3.99% (5.20%*)

  • 3.99% (5.12%*)

  • 4.99% (5.39%*)

  • 4.89% (5.34%*)

  • 7.54% (6.84%*)

  • 7.54% (7.23%*)

  • 5.02% p.a.

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • $160.00

Other financial bits

  • $150,000

  • $249,999

  • none

  • 90.00%

Features

  • Weekly, Fortnightly, Monthly

  • yes - free up to annual limit

  • no

  • no

  • none

  • yes

  • yes - 1 year fixed term only

  • none

  • none

Rates

  • p.a.

  • p.a.

  • 0 Months

  • none

  • 4.79% (5.11%*)

  • 3.99% (4.97%*)

  • 3.99% (4.91%*)

  • 4.99% (5.19%*)

  • 4.89% (5.17%*)

  • 7.54% (6.71%*)

  • 7.54% (7.15%*)

  • 4.72% p.a.

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • $160.00

Other financial bits

  • $250,000

  • $499,999

  • none

  • 80.00%

Features

  • Weekly, Fortnightly, Monthly

  • yes - free up to annual limit

  • no

  • no

  • none

  • yes

  • yes - 1 year fixed term only

  • none

  • none

Rates

  • p.a.

  • p.a.

  • 0 Months

  • none

  • 4.79% (5.02%*)

  • 3.99% (4.89%*)

  • 3.99% (4.84%*)

  • 4.99% (5.13%*)

  • 4.89% (5.12%*)

  • 7.54% (6.67%*)

  • 7.54% (7.12%*)

  • 4.62% p.a.

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • $160.00

Other financial bits

  • $500,000

  • none

  • none

  • 80.00%

Features

  • Weekly, Fortnightly, Monthly

  • yes - free up to annual limit

  • no

  • no

  • none

  • yes

  • yes - 1 year fixed term only

  • none

  • none

Rates

  • p.a.

  • p.a.

  • 0 Months

  • none

  • 4.79% (5.15%*)

  • 3.99% (5.01%*)

  • 3.99% (4.94%*)

  • 4.99% (5.23%*)

  • 4.89% (5.20%*)

  • 7.54% (6.73%*)

  • 7.54% (7.16%*)

  • 4.77% p.a.

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • $160.00

Other financial bits

  • $250,000

  • $499,999

  • 80.00%

  • 90.00%

Features

  • Weekly, Fortnightly, Monthly

  • yes - free up to annual limit

  • no

  • no

  • none

  • yes

  • yes - 1 year fixed term only

  • none

  • none

Rates

  • p.a.

  • p.a.

  • 0 Months

  • none

  • 4.79% (5.06%*)

  • 3.99% (4.93%*)

  • 3.99% (4.87%*)

  • 4.99% (5.16%*)

  • 4.89% (5.14%*)

  • 7.54% (6.69%*)

  • 7.54% (7.14%*)

  • 4.67% p.a.

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • $160.00

Other financial bits

  • $500,000

  • none

  • 80.00%

  • 90.00%

Features

  • Weekly, Fortnightly, Monthly

  • yes - free up to annual limit

  • no

  • no

  • none

  • yes

  • yes - 1 year fixed term only

  • none

  • none

About ANZ

ANZ is one of the largest companies in Australia and New Zealand, with a history that stretches back over 170 years. The bank offers a range of banking and financial products to more than 5.7 million retail customers, including home loans, credit cards and debit cards, personal loans, savings and banking accounts and personal insurance. And now, with its new mobile banking application, ANZ goMoney, it's easier to do banking on the go.

* 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.

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