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ANZ Home Loans & Rates Comparison
Today’s rates at a glance
ANZ best
6.39%
P.A. rate6.39%
Comparison*Variable · P&I · ≤80% LVR
Market best
5.69%
P.A. rate5.71%
Comparison*ANZ is +0.70% higher
*Comparison rates based on a $150,000 loan over 25 years. Different terms, fees or loan amounts might result in a different comparison rate.
See if you can get a better rateANZ home loan rates
Easily compare ANZ's home loan interest rates. Use the filters to find rates to suit your needs. To check ANZ rates versus the lenders in our panel, just click 'compare'.
| Product | Rate | Comparison* | Type | Monthly | Compare |
|---|---|---|---|---|---|
| Fixed Rate Home Loan | |||||
| ≤80% LVR | 6.29%p.a. | 7.05%p.a. | Fixed 2yr | $3,710 Principal and interest | Compare Lowest |
| ≤80% LVR | 6.34%p.a. | 7.15%p.a. | Fixed 1yr | $3,729 Principal and interest | |
| ≤80% LVR | 6.49%p.a. | 7.02%p.a. | Fixed 3yr | $3,788 Principal and interest | |
| ≤80% LVR | 6.54%p.a. | 6.98%p.a. | Fixed 4yr | $3,808 Principal and interest | |
| ≤80% LVR | 6.59%p.a. | 6.95%p.a. | Fixed 5yr | $3,828 Principal and interest | |
| ≤90% LVR | 6.74%p.a. | 7.30%p.a. | Fixed 2yr | $3,888 Principal and interest | |
| ≤95% LVR | 6.74%p.a. | 7.30%p.a. | Fixed 2yr | $3,888 Principal and interest | |
| ≤90% LVR | 6.79%p.a. | 7.37%p.a. | Fixed 1yr | $3,908 Principal and interest | |
| ≤95% LVR | 6.79%p.a. | 7.37%p.a. | Fixed 1yr | $3,908 Principal and interest | |
| ≤90% LVR | 6.94%p.a. | 7.30%p.a. | Fixed 3yr | $3,968 Principal and interest | |
| ≤95% LVR | 6.94%p.a. | 7.30%p.a. | Fixed 3yr | $3,968 Principal and interest | |
| ≤95% LVR | 6.99%p.a. | 7.27%p.a. | Fixed 4yr | $3,988 Principal and interest | |
| ≤90% LVR | 6.99%p.a. | 7.27%p.a. | Fixed 4yr | $3,988 Principal and interest | |
| ≤90% LVR | 7.04%p.a. | 7.26%p.a. | Fixed 5yr | $4,008 Principal and interest | |
| ≤95% LVR | 7.04%p.a. | 7.26%p.a. | Fixed 5yr | $4,008 Principal and interest | |
| Simplicity Plus | |||||
| ≤60% LVR | 6.39%p.a. | 6.39%p.a. | Variable | $3,749 Principal and interest | Compare Lowest |
| ≤70% LVR | 6.44%p.a. | 6.44%p.a. | Variable | $3,769 Principal and interest | |
| ≤80% LVR | 6.54%p.a. | 6.54%p.a. | Variable | $3,808 Principal and interest | |
| ≤90% LVR | 7.09%p.a. | 7.09%p.a. | Variable | $4,028 Principal and interest | |
| ≤95% LVR | 7.64%p.a. | 7.64%p.a. | Variable | $4,253 Principal and interest | |
| Standard Variable Home Loan | |||||
| ≤80% LVR | 7.24%p.a. | 7.24%p.a. | Variable | $4,089 Principal and interest | Compare Lowest |
| ≤90% LVR | 7.44%p.a. | 7.44%p.a. | Variable | $4,171 Principal and interest | |
| ≤95% LVR | 7.44%p.a. | 7.44%p.a. | Variable | $4,171 Principal and interest | |
ANZ variable rate home loans
ANZ has two variable home loan options for owner-occupied properties, which are their Simplicity Plus plan and their Standard Variable Home Loan.
Simplicity PLUS Home Loan
The Simplicity PLUS basic variable rate loan has low interest rates and less fees. There’s no offset account, but borrowers can make extra payments to redraw at no extra fee.
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Simplicity PLUS up to 60% LVR | 6.39% p.a. | 6.39% p.a. |
| Simplicity PLUS 60-70% LVR | 6.44% p.a. | 6.44% p.a. |
| Simplicity PLUS 70-80% LVR | 6.54% p.a. | 6.54% p.a. |
| Simplicity PLUS 80-90% LVR | 7.09% p.a. | 7.09% p.a. |
| Simplicity PLUS above 90% LVR | 7.64% p.a. | 7.64% p.a. |
| Index rate | 7.99% p.a. | 7.99% p.a. |
Some of the fees to consider with the Simplicity PLUS home loan include:
$20 late payment fee
$160 settlement fee
$160 production fee
$160 lodgement fee
$50 search fee
Standard Variable Rate home loan
ANZ’s Standard Variable Rate loan allows borrowers to save on interest with an offset account where they only need to pay interest on the difference. The loan can also be paid off faster with additional repayments at no extra cost, that can be redrawn if needed.
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Standard Variable up to 80% LVR | 7.24% p.a. | 7.24% p.a. |
| Standard Variable above 80% LVR | 7.44% p.a. | 7.44% p.a. |
| Index rate | 8.64% p.a. | 8.64% p.a. |
The fees that apply for the Standard Variable Rate loan are:
$20 late payment fee
$160 settlement fee
$160 production fee
$160 lodgement fee
$50 search fee
$10 monthly fee for ANZ One offset account
ANZ fixed home loan rates
ANZ offers fixed home loan rates ranging from one year to a maximum of ten years under their fixed rate home loan.
Fixed Rate home loan
The Fixed Rate home loan at ANZ secures an interest rate for a period between one to five years, or seven and ten years. A discounted interest rate is available on eligible loans when borrowing 80% or less of the property value (LVR). Only a home loan with a one year fixed rate can access an offset account.
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| 1-year fixed up to 80% LVR | 6.34% p.a. | 7.15% p.a. |
| 1-year fixed above 80% LVR | 6.79% p.a. | 7.37% p.a. |
| 2-year fixed up to 80% LVR | 6.29% p.a. | 7.05% p.a. |
| 2-year fixed above 80% LVR | 6.74% p.a. | 7.30% p.a. |
| 3-year fixed up to 80% LVR | 6.49% p.a. | 7.02% p.a. |
| 3-year fixed above 80% LVR | 6.94% p.a. | 7.30% p.a. |
| 4-year fixed up to 80% LVR | 6.54% p.a. | 6.98% p.a. |
| 4-year fixed above 80% LVR | 6.99% p.a. | 7.27% p.a. |
| 5-year fixed up to 80% LVR | 6.59% p.a. | 6.95% p.a. |
| 5-year fixed above 80% LVR | 7.04% p.a. | 7.26% p.a. |
| 7-year fixed up to 80% LVR | 7.24% p.a. | 7.24% p.a. |
| 7-year fixed above 80% LVR | 7.69% p.a. | 7.59% p.a. |
| 10-year fixed up to 80% LVR | 7.24% p.a. | 7.24% p.a. |
| 10-year fixed above 80% LVR | 7.69% p.a. | 7.63% p.a. |
ANZ's Fixed Rate Home Loan has these fees:
Optional $750 rate lock fee per $1 million in lending
$10 monthly ANZ One offset account fee (only eligible for one year fixed rate home loans)
Early repayment cost which is determined at the time of full repayment
$20 late repayment fee
$160 settlement fee
$160 production fee
$160 lodgement fee
ANZ variable investment home loan rates
ANZ offers two variable interest rate home loans specifically for investors, including their basic plan, the Simplicity Plus as well as their Standard Variable Rate loan.
Simplicity Plus Investment Home Loan
The Simplicity Plus investment loan comes with low fees and low interest rates. There’s no offset account but borrowers can redraw on their extra repayments, and even draw down the loan for construction purposes over a period up to 24 months.
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Simplicity PLUS Residential Investment up to 60% LVR | 6.64% p.a. | 6.64% p.a. |
| Simplicity PLUS Residential Investment 60-70% LVR | 6.69% p.a. | 6.69% p.a. |
| Simplicity PLUS Residential Investment 70-80% LVR | 6.79% p.a. | 6.79% p.a. |
| Simplicity PLUS Residential Investment 80-90% LVR | 7.49% p.a. | 7.49% p.a. |
| Simplicity PLUS Residential Investment above 90% LVR | 7.99% p.a. | 7.99% p.a. |
| Index rate | 7.99% p.a. | 7.99% p.a. |
Some of the fees to consider with the Simplicity PLUS home loan include:
$20 late payment fee
$160 settlement fee
$160 production fee
$160 lodgement fee
$50 search fee
Standard Variable Rate home loan Investment
ANZ’s Standard Variable Rate loan also has low fees, and the capacity for discounted rates by choosing the LVR band of 80% or less. It allows borrowers to access an offset account that can help save on the amount of interest being paid, and make additional repayments with no extra fee.
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Standard Variable Investment up to 80% LVR | 7.84% p.a. | 7.84% p.a. |
| Standard Variable Investment above 80% LVR | 8.04% p.a. | 8.04% p.a. |
| Index rate | 9.24% p.a. | 9.24% p.a. |
Investor Fixed Rate home loan
ANZ’s Fixed Rate home loan has specific interest rates for investors with a duration up to ten years.
Investor Fixed Rate home loan
The Fixed Rate home loan from ANZ allows investors secure an interest rate for a period of between one and five years, with seven and 10-year options also available. A discounted interest rate is available on eligible loans when borrowing 80% or less of the property value (LVR). Only a home loan with a one-year fixed rate can access an offset account.
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| 1-year fixed up to 80% LVR | 6.49% p.a. | 7.70% p.a. |
| 1-year fixed above 80% LVR | 6.94% p.a. | 7.92% p.a. |
| 2-year fixed up to 80% LVR | 6.39% p.a. | 7.54% p.a. |
| 2-year fixed above 80% LVR | 6.84% p.a. | 7.79% p.a. |
| 3-year fixed up to 80% LVR | 6.54% p.a. | 7.46% p.a. |
| 3-year fixed above 80% LVR | 6.99% p.a. | 7.73% p.a. |
| 4-year fixed uo to 80% LVR | 6.64% p.a. | 7.39% p.a. |
| 4-year fixed above 80% LVR | 7.09% p.a. | 7.68% p.a. |
| 5-year fixed up to 80% LVR | 6.69% p.a. | 7.32% p.a. |
| 5-year fixed above 80% LVR | 7.14% p.a. | 7.63% p.a. |
| 7-year fixed above 80% LVR | 7.24% p.a. | 7.49% p.a. |
| 7-year fixed above 80% LVR | 7.69% p.a. | 7.84% p.a. |
| 10-year fixed above 80% LVR | 7.24% p.a. | 7.40% p.a. |
| 10-year fixed above 80% LVR | 7.69% p.a. | 7.78% p.a. |
ANZ variable interest-only home loan rates for owner occupiers
Both ANZ’s variable interest home loans, the Simplicity Plus and the Standard Variable, have an interest-only option for owner-occupiers with repayments up to five years.
Simplicity Plus Interest-Only
The Simplicity Plus has some of ANZ’s lowest interest rates and almost no fees. Borrowers can pay off their loan quicker by making additional repayments, which can be withdrawn if necessary. The maximum interest-only period for investors is longer than owner-occupied loans at ten years.
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Simplicity PLUS IO up to 60% LVR | 7.63% p.a. | 6.94% p.a. |
| Simplicity PLUS IO 60-70% LVR | 7.63% p.a. | 6.96% p.a. |
| Simplicity PLUS IO 70-80% LVR | 7.63% p.a. | 7.02% p.a. |
| Simplicity PLUS IO 80-90% LVR | 7.63% p.a. | 7.33% p.a. |
| Simplicity PLUS IO above 90% LVR | 7.63% p.a. | 7.64% p.a. |
| Index rate | 8.19% p.a. | 8.08% p.a. |
Standard Variable Rate home loan Interest-Only
This loan has access to an offset account, additional repayments, and lets borrowers redraw funds. It has no ongoing fees and offers a lower interest rate for a LVR band of 80% or less.
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Standard Variable up to 80% LVR | 7.79% p.a. | 7.49% p.a. |
| Standard Variable above 80% LVR | 7.99% p.a. | 7.69% p.a. |
| Index rate | 9.19% p.a. | 8.90% p.a. |
ANZ’s fixed interest-only home loan rates for owner occupiers
ANZ’s Fixed Rate loan allows borrowers to secure an interest rate over a chosen duration up to five years. The interest-only option means that repayments will be just the interest until five years elapses, then payments will be both the principal loan amount and interest.
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| 1-year fixed IO up to 80% LVR | 6.84% p.a. | 7.20% p.a. |
| 1-year fixed IO above 80% LVR | 7.29% p.a. | 7.43% p.a. |
| 2-year fixed IO up to 80% LVR | 6.74% p.a. | 7.14% p.a. |
| 2-year fixed IO above 80% LVR | 7.19% p.a. | 7.39% p.a. |
| 3-year fixed IO up to 80% LVR | 6.94% p.a. | 7.16% p.a. |
| 3-year fixed IO above 80% LVR | 7.39% p.a. | 7.43% p.a. |
| 4-year fixed IO up to 80% LVR | 6.99% p.a. | 7.15% p.a. |
| 4-year fixed IO above 80% LVR | 7.44% p.a. | 7.44% p.a. |
| 5-year fixed IO up to 80% LVR | 6.99% p.a. | 7.13% p.a. |
| 5-year fixed IO above 80% LVR | 7.44% p.a. | 7.44% p.a. |
ANZ’s variable interest-only home loan rates for investors
ANZ offers two interest-only options among their variable interest home loans for investment properties, these are the Simplicity Plus and the Standard Variable Rate plans. Investment borrowers can pay just the interest on these loans for up to ten years.
Simplicity Plus Investment Interest-Only
The Simplicity Plus has some of ANZ’s lowest interest rates and almost no fees. Borrowers can pay off their loan quicker by making additional repayments, which can be withdrawn if necessary. The maximum interest-only period for investors is longer than owner-occupied loans at ten years.
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Simplicity PLUS Investment IO up to 60% LVR | 7.04% p.a. | 6.82% p.a. |
| Simplicity PLUS Investment IO 60-70% LVR | 7.09% p.a. | 6.87% p.a. |
| Simplicity PLUS Investment IO 70-80% LVR | 7.19% p.a. | 6.97% p.a. |
| Simplicity PLUS Investment IO 80-90% LVR | 7.79% p.a. | 7.63% p.a. |
| Simplicity PLUS Investment IO above 90% LVR | 7.98% p.a. | 7.99% p.a. |
| Index rate | 7.98% p.a. | 7.99% p.a. |
Standard Variable Rate home loan Investment Interest-Only
This loan offers an interest-only period of ten years for investors. It lets borrowers save on interest with access to an offset account and by making additional repayments.
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Standard Variable Investment IO up to 80% LVR | 8.09% p.a. | 7.96% p.a. |
| Standard Variable Investment IO above 80% LVR | 8.29% p.a. | 8.16% p.a. |
| Index rate | 8.64% p.a. | 8.64% p.a. |
ANZ’s fixed interest-only home loan rates for investors
There’s two options at ANZ for investors after a fixed interest-only home loan rate. These are the standard interest-only plan as well as the interest in advance from their Fixed Rate home loan.
Investor Fixed Rate home loan Interest-Only
The interest-only period for investment properties is up to ten years, then the plan adjusts to a variable rate and incorporates the principal amount into repayments. This loan features no ongoing fees, rate lock, as well as an offset account for one year fixed rate loans.
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| 1-year fixed investment IO up to 80% LVR | 6.44% p.a. | 7.69% p.a. |
| 1-year fixed investment IO above 80% LVR | 6.89% p.a. | 7.92% p.a. |
| 2-year fixed investment IO up to 80% LVR | 6.54% p.a. | 7.58% p.a. |
| 2-year fixed investment IO above 80% LVR | 6.74% p.a. | 7.30% p.a. |
| 3-year fixed investment IO up to 80% LVR | 6.69% p.a. | 7.51% p.a. |
| 3-year fixed investment IO above 80% LVR | 7.14% p.a. | 7.78% p.a. |
| 4-year fixed investment IO up to 80% LVR | 6.79% p.a. | 7.46% p.a. |
| 4-year fixed investment IO above 80% LVR | 7.24% p.a. | 7.74% p.a. |
| 5-year fixed investment IO up to 80% LVR | 6.74% p.a. | 7.36% p.a. |
| 5-year fixed investment IO above 80% LVR | 7.19% p.a. | 7.67% p.a. |
| 7-year fixed investment IO up to 80% LVR | 7.24% p.a. | 7.50% p.a. |
| 7-year fixed investment IO above 80% LVR | 7.69% p.a. | 7.84% p.a. |
| 10-year fixed investment IO up to 80% LVR | 7.24% p.a. | 7.42% p.a. |
| 10-year fixed investment IO above 80% LVR | 7.69% p.a. | 7.79% p.a. |
Investor Fixed Rate home loan Interest in Advance
The pay interest in advance option for this loan allows borrowers to structure their repayments for tax purposes by pre-paying the next year’s interest early. The interest rates on this plan tend to be lower, and it still offers the same benefits of rate lock, less fees, and offset accounts available on a one year fixed rate loan.
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| 1-year fixed investment IO (in advance) up to 80% LVR | 6.24% p.a. | 7.67% p.a. |
| 1-year fixed investment IO (in advance) above 80% LVR | 6.69% p.a. | 7.90% p.a. |
| 2-year fixed investment IO (in advance) up to 80% LVR | 6.34% p.a. | 7.54% p.a. |
| 2-year fixed investment (in advance) IO above 80% LVR | 6.79% p.a. | 7.78% p.a. |
| 3-year fixed investment IO (in advance) up to 80% LVR | 6.49% p.a. | 7.45% p.a. |
| 3-year fixed investment IO (in advance) above 80% LVR | 6.94% p.a. | 7.72% p.a. |
| 4-year fixed investment IO (in advance) up to 80% LVR | 6.59% p.a. | 7.38% p.a. |
| 4-year fixed investment IO (in advance) above 80% LVR | 7.24% p.a. | 7.74% p.a. |
| 5-year fixed investment IO (in advance) up to 80% LVR | 6.54% p.a. | 7.28% p.a. |
| 5-year fixed investment IO (in advance) above 80% LVR | 6.99% p.a. | 7.58% p.a. |
| 7-year fixed investment IO (in advance) up to 80% LVR | 7.04% p.a. | 7.39% p.a. |
| 7-year fixed investment IO (in advance) above 80% LVR | 7.49% p.a. | 7.73% p.a. |
| 10-year fixed investment IO (in advance) up to 80% LVR | 7.04% p.a. | 7.28% p.a. |
| 10-year fixed investment IO (in advance) above 80% LVR | 7.49% p.a. | 7.65% p.a. |
How competitive are ANZ’s home loan rates?
Compared with other major Australian banks, ANZ’s home loan rates are fairly competitive. Specifically, their Simplicity Plus home loan has one of the lowest variable interest rates among the big four banks. Their fixed rates are also generally on par with the other major lenders.
Overall, their rates are competitive among the big four banks, but when compared with a wider set of lenders their rates aren’t as impressive. Typically borrowers can find the very best mortgage rates from smaller or online lenders who have sharper rates.
Compare ANZ's home loan rates to the other major lenders:
Compare ANZ's home loan rates to smaller lenders:
What are ANZ’s lowest home loan rates?
The lowest home loan rate that ANZ currently offers is from their Simplicity Plus plan. This is their most basic home loan for owner occupiers and has a variable interest and comparison rate as low 6.14% p.a. based on a max LVR band of 60%. Borrowers can pay off the loan quicker by making extra repayments, and they can redraw funds if necessary.