ANZ Variable Rate (Breakfree Package)

4.35% p.a.

4.74% p.a.

$395.00 yearly

4.45% p.a.

4.84% p.a.

$395.00 yearly

4.72% p.a.

5.10% p.a.

$395.00 yearly

4.75% p.a.

5.13% p.a.

$395.00 yearly

4.40% p.a.

4.79% p.a.

$395.00 yearly

4.50% p.a.

4.89% p.a.

$395.00 yearly

4.62% p.a.

5.00% p.a.

$395.00 yearly

4.77% p.a.

5.15% p.a.

$395.00 yearly

4.67% p.a.

5.05% p.a.

$395.00 yearly

5.02% p.a.

5.40% p.a.

$395.00 yearly

ANZ Variable Rate (Breakfree Package) Review

Rates and fees information correct as at 8 December 2016.

Review published: 23 July 2014

What's hot:

  • Offset account, redraw and split options

  • Discounted variable interest rate

  • Mozo Experts Choice Awards Winner 2016

What's not:

  • $395 annual package fee

Mozo snapshot:

The Breakfree Package from ANZ has some fab features for home loan seekers who are looking for great value but also want a big name bank. In fact, ANZ won a range of awards in the 2016 Mozo Experts Choice Awards for this home loan, including Best Value Offset Home Loan (Major Bank) and Best Value Home Loan Package (Major Bank). Plus ANZ also took out the top spot as the Best Value Major Bank. 

Key features:

The Breakfree package home loan bundles your home loan, credit card and bank account to give you great savings.

With the home loan, the package gets you a discounted rate but there are a range of rates available depending on both your loan amount and the loan to value ratio. The most competitive rate is for loans over $500,000 with an LVR of 80% or less at 4.35%. Have an LVR of over 80% and the rate jumps 0.05% to 4.40%.

If you are borrowing between $250K - $500K with an LVR of 80% or less (the category we looked at for our Experts Choice Awards) the rate is 4.45%, with and LVR over 80% and the rate is 4.50%.

Some of the home features available with the Breakfree package include an offset account, the ability to make extra repayments and redraw if needed, split your loan between fixed and variable options and should you need (if you're ahead on repayments) to take a repayment holiday.

You can tailor your repayments to suit you, and not the banks pay cycle so weekly, fortnightly and monthly options are available for repayments.

There is a $395 annual package fee with the ANZ Variable Breakfree Package but the benefits you get by bundling should make up for this cost, especially if you choose to do all of your banking with ANZ. The account fee on your transaction account will be waived (a savings of $5 a month), no annual fee on a ANZ Frequent Flyer Platinum Card (a $295 saving) and you won't pay offset account or loan approval fees.

Who it's good for:

Borrowers who want to bundle their main banking products with the one provider to save on fees and want access to a Big Bank branch network.

Any catches?

As with any package, just be sure that you are not paying for things you don't or will ever use. Be sure to take advantage of all of the benefits offered by ANZ to bundle your home loan with your credit card and transaction account.

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 Variable Rate (Breakfree Package)

ANZ

ANZ Variable Rate (Owner Occupier over $500,000, LVR<80%) (Breakfree Package) home loan review

Overall rating   6 / 10

Good valuation

Slow with paperwork and processing

Full review

Slow with paperwork and processing

    Price   5 / 10

    Features   5 / 10

    Customer service   3 / 10

    Convenience   8 / 10

    Trust   7 / 10

Less

Mike (QLD), reviewed 8 months ago

ANZ

ANZ Variable Rate (Owner Occupier over $500,000, LVR<80%) (Breakfree Package) home loan review

Overall rating   9 / 10

Competitive rates and customer service

I find the staff very helpful and pleasant each week that I go in.

Full review

I find the staff very helpful and pleasant each week that I go in.

    Price   7 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Rhonda (QLD), reviewed 8 months ago

ANZ

ANZ Variable Rate (Owner Occupier over $500,000, LVR<80%) (Breakfree Package) home loan review

Overall rating   6 / 10

Just a number

Been with ANZ for many years but don't feel like i am treated seriously when threatened to leave the bank

Full review

Been with ANZ for many years but don't feel like i am treated seriously when threatened to leave the bank

    Price   6 / 10

    Features   6 / 10

    Customer service   7 / 10

    Convenience   7 / 10

    Trust   5 / 10

Less

Nick (NSW), reviewed 8 months ago

ANZ

ANZ Variable Rate (Owner Occupier over $500,000, LVR<80%) (Breakfree Package) home loan review

Overall rating   6 / 10

Good customer service when I visit the branch

I find the yearly fee expensive

Full review

I find the yearly fee expensive

    Price   3 / 10

    Features   6 / 10

    Customer service   7 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Ann maree (VIC), reviewed 8 months ago

ANZ

ANZ Variable Rate (Owner Occupier over $500,000, LVR<80%) (Breakfree Package) home loan review

Overall rating   8 / 10

Competitive interest rates.

It is the only bank in town so it isn't as if we have a whole lot of choice but they do seem to look after us.

Full review

It is the only bank in town so it isn't as if we have a whole lot of choice but they do seem to look after us.

    Price   8 / 10

    Features   8 / 10

    Customer service   8 / 10

    Convenience   9 / 10

    Trust   10 / 10

Less

Vicki (QLD), reviewed 9 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

  • 4.35% p.a.

  • n/a

  • 0 Months

  • none

  • 4.74% 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

  • $395.00 yearly

  • $160.00

Other financial bits

  • $500,000

  • none

  • none

  • 80.00%

Features

  • Owner Occupier

  • Principal & Interest, Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes

  • $0.00

  • yes

  • yes

  • none

  • none

Rates

  • 4.45% p.a.

  • n/a

  • 0 Months

  • none

  • 4.84% 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

  • $395.00 yearly

  • $160.00

Other financial bits

  • $250,000

  • $499,999

  • none

  • 80.00%

Features

  • Owner Occupier

  • Principal & Interest, Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes

  • $0.00

  • yes

  • yes

  • none

  • none

Rates

  • 4.72% p.a.

  • n/a

  • 0 Months

  • none

  • 5.10% 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

  • $395.00 yearly

  • $160.00

Other financial bits

  • $250,000

  • $499,999

  • none

  • 80.00%

Features

  • Investor

  • Principal & Interest, Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes

  • $0.00

  • yes

  • yes

  • none

  • none

Rates

  • 4.75% p.a.

  • n/a

  • 0 Months

  • none

  • 5.13% 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

  • $395.00 yearly

  • $160.00

Other financial bits

  • $150,000

  • $249,999

  • none

  • 90.00%

Features

  • Owner Occupier

  • Principal & Interest, Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes

  • $0.00

  • yes

  • yes

  • none

  • none

Rates

  • 4.40% p.a.

  • n/a

  • 0 Months

  • none

  • 4.79% 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

  • $395.00 yearly

  • $160.00

Other financial bits

  • $500,000

  • none

  • 80.00%

  • 90.00%

Features

  • Owner Occupier

  • Principal & Interest, Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes

  • $0.00

  • yes

  • yes

  • none

  • none

Rates

  • 4.50% p.a.

  • n/a

  • 0 Months

  • none

  • 4.89% 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

  • $395.00 yearly

  • $160.00

Other financial bits

  • $250,000

  • $499,999

  • 80.00%

  • 90.00%

Features

  • Owner Occupier

  • Principal & Interest, Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes

  • $0.00

  • yes

  • yes

  • none

  • none

Rates

  • 4.62% p.a.

  • n/a

  • 0 Months

  • none

  • 5.00% 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

  • $395.00 yearly

  • $160.00

Other financial bits

  • $500,000

  • none

  • none

  • 80.00%

Features

  • Investor

  • Principal & Interest, Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes

  • $0.00

  • yes

  • yes

  • none

  • none

Rates

  • 4.77% p.a.

  • n/a

  • 0 Months

  • none

  • 5.15% 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

  • none

  • $395.00 yearly

  • $160.00

Other financial bits

  • $250,000

  • $499,999

  • 80.00%

  • 90.00%

Features

  • Investor

  • Principal & Interest, Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes

  • $0.00

  • yes

  • yes

  • none

  • none

Rates

  • 4.67% p.a.

  • n/a

  • 0 Months

  • none

  • 5.05% 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

  • $395.00 yearly

  • $160.00

Other financial bits

  • $500,000

  • none

  • 80.00%

  • 90.00%

Features

  • Investor

  • Principal & Interest, Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes

  • $0.00

  • yes

  • yes

  • none

  • none

Rates

  • 5.02% p.a.

  • n/a

  • 0 Months

  • none

  • 5.40% 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

  • $395.00 yearly

  • $160.00

Other financial bits

  • $150,000

  • $249,999

  • none

  • 90.00%

Features

  • Investor

  • Principal & Interest, Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes

  • $0.00

  • yes

  • yes

  • 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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