ANZ Simplicity PLUS

4.03% p.a.

4.07% p.a.

$0.00

4.30% p.a.

4.34% p.a.

$0.00

ANZ Simplicity PLUS Review

Review published: 25 May 2017

What's hot:

  • No ongoing service fees

  • Low rates starting from 4.03% (4.07% comparison rate)

  • Mozo Experts Choice 2017 - Home Loan Major Bank of the Year

What's not:

  • No offset facility

Mozo snapshot:

Whether you’re buying your first home or simply looking to refinance your present mortgage, the ANZ Simplicity PLUS Home Loan could be for you, offering competitive rates starting from 4.03%, no upfront fees and the flexibility to make extra repayments and pay off your loan sooner.

Key features:

With the ANZ Simplicity PLUS Home Loan not only will you enjoy low rates starting from 4.03% (4.07% comparison rate), there are no application, legal, valuation, settlement, upfront or service fees and a discharge fee of just $250.

It’s available to both owner occupiers and investors with an LVR up to 90% or a 10% deposit, and borrowers can get a minimum loan amount for as little as $50k.

You can also make loan repayments to suit your needs as either weekly, fortnightly or monthly repayment options are available, while having the option to select the standard principal and interest repayments or choose to make interest only repayments. The ANZ Simplicity PLUS Home Loan also comes with the advantage of making additional payments on your loan through the extra repayments facility for free and the availability of a redraw facility with no minimum redraw amount. Other features also include the option for repayment holidays and a split account but no offset account. 

Who it's good for:

This a great Home Loan option offering flexibility and savings for both owner occupiers and investors.

Any catches?

While lower rates apply to owner occupiers, rates can go up to 4.50% for investors.

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 Simplicity PLUS

ANZ

ANZ Simplicity PLUS (Owner Occupier, Principal & Interest) home loan review

Overall rating   10 / 10

Great customer service

Very thorough people, nice to deal with and they are excellent with aged people.

Full review

Very thorough people, nice to deal with and they are excellent with aged people.

    Price   10 / 10

    Features   / 10

    Customer service   / 10

    Convenience   / 10

    Trust   / 10

Less

Elaine (VIC), reviewed 4 months ago

ANZ

ANZ Simplicity PLUS (Owner Occupier, Principal & Interest) home loan review

Overall rating   10 / 10

I wouldn't change my bank

They really like to help and are very friendly and advise you with the information you need.

Full review

They really like to help and are very friendly and advise you with the information you need.

    Price   10 / 10

    Features   / 10

    Customer service   / 10

    Convenience   / 10

    Trust   / 10

Less

Araina (QLD), reviewed 4 months ago

ANZ

ANZ Simplicity PLUS (Owner Occupier, Principal & Interest) home loan review

Overall rating   9 / 10

Interest rates are low and good customer service

The customer service is very personal, I only deal with one person which I like and they have been extremely accommodating to my needs and finding a way to make the loan work for my situation. The only thing that I dislike is when they need to use...

Full review

The customer service is very personal, I only deal with one person which I like and they have been extremely accommodating to my needs and finding a way to make the loan work for my situation. The only thing that I dislike is when they need to use 3 parties which can slow things down.

    Price   7 / 10

    Features   5 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Kylie (WA), reviewed over 1 year ago

ANZ

ANZ Simplicity PLUS (Owner Occupier, Principal & Interest) home loan review

Overall rating   8 / 10

Easy straight forward

Easy loan to use very straight forward

Full review

Easy loan to use very straight forward

    Price   8 / 10

    Features   8 / 10

    Customer service   9 / 10

    Convenience   7 / 10

    Trust   7 / 10

Less

Robert (NSW), reviewed over 1 year ago

ANZ

ANZ Simplicity PLUS (Owner Occupier, Principal & Interest) home loan review

Overall rating   10 / 10

Excellent product and bank

I love ANZ customer service and easy way access to my accounts so I can self manage my home loan etc... always easy to deal with and feel looked after.

Full review

I love ANZ customer service and easy way access to my accounts so I can self manage my home loan etc... always easy to deal with and feel looked after.

    Price   8 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Grace (QLD), reviewed over 1 year 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

  • 4.03% p.a.

  • n/a

  • 0 Months

  • none

  • 4.07% 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

  • none

  • $0.00

  • $160.00

Other financial bits

  • $50,000

  • none

  • none

  • 90.00%

Features

  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes

  • $0.00

  • yes

  • no

  • none

  • none

Rates

  • 4.30% p.a.

  • n/a

  • 0 Months

  • none

  • 4.34% 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

  • none

  • $0.00

  • $160.00

Other financial bits

  • $50,000

  • none

  • none

  • 90.00%

Features

  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes

  • $0.00

  • yes

  • no

  • 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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