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$3,000 cashback for eligible first home buyers
$2,000 cashback for eligible refinancers
No ongoing fees
There’s a $160 settlement fee, although that’s not too expensive relative to other providers
No offset account available with the Simplicity PLUS home loan.
Low upfront fees (just $160 for settlement), generous cashback offers, and a competitive interest rate make ANZ’s Simplicity PLUS (Special Offer) a serious contender for first home buyers and refinancers alike.
Relative to similar Big Four bank home loans, Simplicity PLUS comes with a competitive interest rate of 6.54% p.a. (6.54% p.a. comparison rate*) which, on a $500,000 home loan over 25 years, works out at about $3,385 per month.
An attractive cashback offer (one of the few still offered by lenders in 2024, according to Mozo data) of $3,000 for eligible first home buyers who borrow at least $250,000 at <80% LVR and settle within 180 days is also a big plus.
For refinancers moving over to ANZ from another lender (not including ANZ Plus or Suncorp), $2,000 in cashback is on the table, as long as their LVR is below 80% and they settle within 120 days.
There are also no ongoing fees on the Simplicity PLUS loan. However, a settlement fee of $160, a discharge fee of $160, and other fees may apply.
No ongoing fees can often mean less features and while there isn’t an offset account to speak of, you are able to make extra repayments and use your loan’s redraw facility for free.
Your selected home loans
It has been an ok experience. I like the text reminders about upcoming repayments too.
We have been dealing with Victoria (Manager)Nick. and Dana at ANZ for a few years now. We are so delighted with their service they always go out of their way to help us. In fact have helped us into two house. Other institutions may have better deals, but so confident and happy with the service, there is nothing that would sway us to go elsewhere
I have always had good service from ANZ even when we had some financial difficulties, they worked with us to help us manage our mortgage and get us back on track
ANZ has been the best out there in terms of competitive pricing and interest rate. But it’s disappointing that you really get left without any benefits. When I signed on with them years ago they had discounts for travel and free annual interest rate adjustments. We also had a credit card attached to it. But all of a sudden they pulled these features out. That was disappointing. Without the help of brokers it had been nearly impossible to adjust the interest rate.
We have banked with ANZ for years and customer service was always great but unfortunately they have closed down many country branches and only now have one teller at our local bank
Physical bank has closed its doors in our town making it difficult to see face to face
I recently secured a mortgage with ANZ Bank, and I'm impressed with their home loan product. ANZ offers a range of home loan options tailored to meet various needs, from first-time home buyers to seasoned investors.The competitive interest rates provided by ANZ are one of the key highlights. They offer flexible loan terms and competitive rates that make managing repayments easier and more affordable. The loan options come with features such as offset accounts, which can help reduce the amount of interest paid over the life of the loan.Customer service is another area where ANZ excels. Their team is knowledgeable and supportive, guiding you through every step of the mortgage process. Whether it's clarifying loan terms, assisting with paperwork, or providing advice on managing your mortgage, their support is comprehensive and responsive.Overall, ANZ’s home loan product stands out for its competitive rates and excellent customer service. If you’re considering a mortgage, ANZ is definitely worth exploring
The customer service is great however, I find most banks are when they are trying to obtain your business. I don't find ANZ home loan rates compatible nor do they proactively contact long term customers with an offer of reducing home rates.
ANZ have provided my wife and I a secure and solid bank loan which we have had for over 25 years. We used a redraw facility to finance home improvements and travel and the ease of transaction to fund these large investments was seamless! Interest rates have never been over burdening and I have recommended ANZ to family and friends and to anyone who needs advice. As our current loan draws to an end, the lure of further lending is ever present , but we feel no pressure due to our faith in the institution that has helped us achieve our goals whilst raising three great kids.
Closed all but 1 walk in teller branches which is a disgrace in a city with more than 120k residents
You can redraw the extra repayments you have made towards your home loan using ANZ Internet Banking, by calling ANZ on 1800 077 070, or by submitting a redraw request form that can be downloaded from the bank’s website.
ANZ only offers offset accounts on the following home loans:
The correct app is called ‘ANZ Australia’ if you have a home loan with ANZ. Using the app, you can see details about your home loan, including your interest rate, loan balance, redraw facility balance, and repayments.
However, if you’re a customer of ANZ Plus, then you’ll need to download the ANZ Plus app.
ANZ Plus is ANZ’s digital banking arm, only accessible through the ANZ Plus mobile app. While ANZ continues to offer more traditional banking through brick and mortar branches and online, ANZ Plus is meant to compete with the likes of CommBank’s digital banking service, Unloan.
* 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.
** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.
^See information about the Mozo Experts Choice Home Loan Awards
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