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ANZ Home Loans

Big 4 bank strength. Strong for home buyers and investors. Flexible features with competitive rates.

Variable Rate from

5.84%

Fixed Rate from

5.94%

Comparison Rate

6.01%

About ANZ

ANZ (Australia and New Zealand Banking Group) is one of Australia's Big 4 banks, with a presence across 33 countries. Established in 1835, ANZ has deep roots in Australian banking and serves over 8 million customers globally.

ANZ is known for competitive home loan rates, strong investment loan products, and a well-regarded digital platform. Their Breakfree package and ANZ Plus app have made them a popular choice for borrowers who want Big 4 reliability with modern convenience.

Pros & Cons

✓ Pros

Competitive rates among the Big 4
Strong investment loan products
100% offset account on variable loans
Breakfree package gives rate discounts and fee waivers
Good for construction loans
Accepts LMI waivers for select professions
Solid digital banking with ANZ Plus

✗ Cons

Turnaround times can be slower than peers
Stricter documentation requirements
Not as competitive for small loans under $250K
Limited flexibility for non-standard income
Branch network smaller than CBA
Package fee applies for best rates ($395/yr)

Who is ANZ Good For?

✓ Property Investors

ANZ has strong investment loan policies, including interest-only options and competitive investor rates. They allow up to 6 investment properties under one portfolio.

✓ Construction Borrowers

ANZ offers well-structured construction loans with competitive progress payment schedules and the ability to fix during the construction phase.

✓ Medical & Legal Professionals

ANZ offers LMI waivers for doctors, dentists, lawyers, and other professionals who qualify, allowing up to 90% LVR without mortgage insurance.

✓ Refinancers Seeking a Deal

ANZ frequently offers competitive refinance cashback deals and rate discounts for borrowers switching from other lenders.

✗ Who Should Look Elsewhere

Borrowers who need fast turnaround (try Macquarie or online lenders)
Self-employed with less than 2 years ABN (try Liberty, Pepper, or NAB)
Those chasing absolute lowest rates (try Athena, UBank)
Bad credit or defaults (try Pepper Money or Liberty)

ANZ Home Loan Products

ANZ Standard Variable Home Loan

A flexible variable rate loan with offset, redraw, and unlimited extra repayments. Available for owner-occupiers and investors.

Rate: 5.84% p.a. (owner-occupied, P&I, LVR <80%)

ANZ Fixed Rate Home Loan

Lock in a rate for 1 to 5 years. Gives you repayment certainty. Extra repayments capped at $10,000 per year during the fixed term.

Rate: 5.94% p.a. (2-year fixed, owner-occupied, P&I)

ANZ Breakfree Package

Bundle your home loan, transaction account, credit card, and insurance for a significant rate discount. Best value on loans above $500K.

Annual fee: $395/year (rate discount typically 0.5-0.7%)

ANZ Investment Home Loan

Tailored for property investors with interest-only options for up to 5 years. Negative gearing compatible. Variable or fixed rates available.

Rate: 6.24% p.a. (investment, variable, P&I)

Key Features

Offset Account

100% offset account linked to your variable home loan. Every dollar in the account reduces the interest you pay.

Redraw Facility

Access extra repayments you've made at any time via the ANZ app or online banking. No fees to redraw.

Construction Lending

Progress draw facility for building a new home. Interest-only during construction, converting to full repayments on completion.

Split Loans

Split your loan between fixed and variable portions. Get rate certainty on part of your loan while keeping flexibility on the rest.

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