skip to log on skip to main content
VoiceOver users please use the tab key when navigating expanded menus
Find ANZ Support Centre
Find ANZ Support Centre

Getting the most out of your home loan

Jump to

The information on this page does not apply to ANZ Plus products

Ways to pay your loan down sooner

If you have a variable rate loan, there are a few different ways you may be able to pay your loan off sooner, as well as reduce the total interest charges you'll pay.

Save on interest payable with an offset account

If you have an eligible loan (such as an ANZ Standard Variable loan or a one-year ANZ Fixed loan), you can link an ANZ One offset accountdisclaimerto it. The more money you have in your linked offset account, the less interest you'll need to pay on your home loan.

Find out more

Repay principal and interest

If you're looking to pay off the total amount of your home loan rather than just the interest, then switching from interest-only to principal and interest is something you could consider.

Find out more

Make extra payments

If you're not in a fixed rate term, you could add extra to each loan payment, or deposit large amounts (such as tax returns, dividends or bonuses). By doing so, you could save on interest and pay off your loan sooner.disclaimer

Consider setting up more frequent repayments

You may like to think about changing the frequency of your repayments. For example, if you make fortnightly repayments instead of monthly repayments, you'll be reducing your total interest charges.

Other helpful tips

Set up a Direct Loan Payment

A Direct Loan Payment is an easy way to set up a recurring payment to your linked ANZ loan account. Set it up in ANZ Internet Banking, and choose between Bank Managed Payments and Customer Managed Payments.
 

Redrawdisclaimer your extra repayments if you need to

If you've made additional repayments to an eligible loan account, you may be able to access these funds using ANZ Redrawdisclaimer. 

Having trouble with repayments?

blue heart outline

We're here to help

Struggling to meet your existing ANZ repayments? Applying for financial assistance could be the right step for you. We may be able to restructure your payments or work out a payment plan to help you manage your loan. 

Learn more

 

Connect with our home loan specialists or apply

Need to speak to a specialist?

Provide us with your details and one of our home loan specialists will get in touch. They can discuss issues including:

  • Applying for a home loan
  • Managing your existing loan
  • Refinancing your home loan
  • Interest rate enquiry

As well as any other home loan queries you may have.

clock icon

Call back time is 1-3 business days.

Request a call back

 

Quick start application

Begin your home loan application journey by providing details about:

  • You
  • Your financial situation
  • The loan you're applying for

One of our home loan specialists will then be in touch to progress with your application.

clock icon

Call back time is 1-3 business days.

Apply online

 

Call us

Monday - Friday 8am to 8pm (Sydney/Melbourne time)

1800 100 641  

 

Other ways to get in touch

Meet with a mobile lenderdisclaimer

Book a branch appointment

Book a First Home Buyer Coach

You can also chat to an ANZ accredited broker for help with your home buying, investing or refinancing needs.

Important information

The information on this page does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you and read the relevant terms and conditions, Product Disclosure Statement and the ANZ Financial Services Guide (PDF) before acquiring any product. 

Applications for credit subject to approval. Terms and conditions available on application. Fees and charges apply. Australian credit licence number 234527.

A $10 servicing fee applies per month per ANZ One offset account. Please refer to ANZ Personal Banking Account Fees and Charges (PDF) for fees and charges that apply.

Return

For ANZ Fixed Rate loans, you can make early or additional repayments up to a set available tolerance amount (the lesser of 5% of the loan amount at the start of the current fixed rate period or $5,000) each year of the fixed rate period, without triggering an Early Repayment Cost.  An Early Repayment Cost may be incurred if, during the fixed rate period, the available tolerance amount is exceeded, the loan is fully repaid or refinanced, or ANZ agrees to change the interest rate at your request. Please be aware that Early Repayment Costs can be very large. Terms and Conditions apply please refer to the ANZ Consumer Lending Terms and Conditions (PDF 296kB) and ANZ Fixed Rate Loans - What happens if you repay some or all of it early? (PDF 140kB). Alternatively please visit any ANZ branch or phone the Home Loan Hotline on 1800 100 641, 8:00am to 8:00pm (AEST), Monday to Friday.

Return

Terms and Conditions and eligibility criteria apply to ANZ Redraw. ANZ Redraw is not available on loans in a company name. For further information on ANZ Redraw please refer to the ANZ Consumer Lending Terms and Conditions (PDF).

Return

ANZ Mobile Lenders operate as an independently operated ANZ Mortgage Solutions franchise of Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522. Australian Credit Licence Number 234527.

Return
Top