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ANZ Simplicity PLUS home loan

Keep it simple with no ongoing fees

If you want a competitive variable rate loan and you only need basic features, consider ANZ Simplicity PLUS. It's a simple loan with no monthly fee that still gives you the flexibility to make extra repayments to pay it off sooner.

View rates & feesApply now



 

Loan features - what this loan offers

Make extra repayments to pay off your loan faster

No extra fees for making additional repayments whenever you can.

Choose how you make repayments

Pick a loan term of up to thirty years, and repay weekly, fortnightly or monthly.

Redrawdisclaimer your extra repayments if you need to

If you've made additional repayments to an eligible loan account, you could apply to access these funds using ANZ Redraw.

Draw down the loan progressivelydisclaimer

If you're constructing a property, your loan can be drawn down over a period of up to 24 months. (Fees and charges may apply.)

Make interest only payments – residential investment loans onlydisclaimer

You can apply for a Simplicity PLUS Residential Investment loan with interest only payments for an agreed term (10 years maximum). Making interest only payments for a fixed period may suit you in some circumstances. (Note that if you decide this option is right for you, your payments will be lower during the interest only period but you will have to repay the principal down the track within your overall loan term so you may pay more over the life of your loan. Learn more about repayment types.)

Rates, fees and other important numbersdisclaimer

 
  Interest Rate Comparison ratedisclaimer

ANZ Simplicity PLUS Home Loan rate

See all rates for this loan

Special interest rate
(borrowing ≤ 80% of the property valuedisclaimer)

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Special interest rate
(borrowing > 80% of the property valuedisclaimer)

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Rates and fees
Loan Approval Fee

LAF waived on request (special offer, usually $600)disclaimer
Loan Administration Charge

$0 per month
Renegotiation Feedisclaimer

Waived on request (special offer, usually $200 or $350 depending on change requested)disclaimer
Minimum loan amount

$50,000
Rates and fees
Maximum loan amount

Subject to ANZ's credit assessment criteria
Maximum loan term

30 years
Early Repayment Cost  

$0
Redraw fee

$0
Lenders Mortgage Insurance (LMI)disclaimer

If LVR is more than 80%

What is LVR?

What's the difference between ANZ Simplicity PLUS and ANZ Standard Variable?disclaimer

 
  ANZ Simplicity PLUS ANZ Standard Variable
Variable interest rate (for a home to live in)

(discounts may be available with ANZ Breakfree)
Comparison rate (for a home to live in)disclaimer

(discounts may be available with ANZ Breakfree)
Variable interest rate (for residential investment)
Comparison rate (for residential investment)disclaimer
Available with ANZ Breakfree package No Yes
Link it to an ANZ One offset account No Yes
Minimum loan amount $50,000 $20,000
Loan Approval Fee LAF waived on request (special offer, usually $600)disclaimer $600 (waived on ANZ Breakfree)
Renegotiation Fee Waived on request (special offer, usually $200 or $350 depending on change requested)disclaimer $200 or $350 depending on change requested (waived on ANZ Breakfree)
Loan Administration Charge $0 per month $5 per month

(waived on ANZ Breakfree; annual ANZ Breakfree package fee applies)
Interest Only Paymentsdisclaimer A home to live in - not available. Residential investment property - up to 10 years. A home to live in - up to 5 years. Residential investment property - up to 10 years.

Things to consider

 What should I do if interest rates move up or down?

Your loan repayments can be adjusted by ANZ accordingly. As ANZ Simplicity PLUS is a variable rate loan, do consider whether you can afford higher loan repayments if interest rates go up.

Can't decide between variable and fixed?

Some customers choose to split their home loan between the two. For example: if you need to borrow $200,000 to buy a property, you may decide on a 50-50 split loan, with $100,000 each as an ANZ Simplicity PLUS home loan and ANZ Fixed Home Loan.

Calculators

Important notice: Interest only payments are not available for new owner occupied ANZ Simplicity PLUS Home Loan applications. For new applications and renewals, the maximum interest only term for residential investment loans is 10 years. Terms and conditions apply.

What could my repayments be?

Get an estimate of your potential loan repayments

How much could I borrow?

Get an indication of how much you may be able to borrow

FAQs - get your questions answered

   What are LMI and LVR?

If you need to borrow more than 80% of the amount your property is valued at by ANZ you may need to pay Lenders Mortgage Insurance (LMI). Banks often call this percentage the ‘LVR’ , which stands for ‘Loan to Value Ratio’. LMI protects the lender if you default on your loan. For some property types, LMI might be required when LVR is less than 80%. 

Learn more about ANZ LMI with our Key Fact Sheet (PDF 370kB).

   How is interest calculated?

Interest is calculated based on the unpaid daily balance of your loan. For example, if you had a loan balance of $150,000 and your interest rate was 6% p.a., your interest charge would be: $150,000 x 6% divided by 365 days = $24.66 for that day. For most ANZ Home Loans, interest is usually calculated daily and charged monthly. For details refer to the ANZ Consumer Lending Terms and Conditions (PDF 412kB) and your letter of offer.

Contact us or apply

Quick start home loan application

Get started in just 5 minutes to apply for a new home loan, refinance, or pre-approvaldisclaimer

Apply online now

   

Request a call back

Leave your details 

   

Connect with a mobile lender disclaimer

Find a mobile lender

   

Visit a branch or ANZ Home Centre

Find your nearest location

  

Call us

1800 100 641

Mon-Fri 8.00am to 8.00pm (AEST)
Sat-Sun 8.00am to 6.00pm (AEST)

   

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

   

Important information

All applications for credit are subject to ANZ’s credit assessment criteria. Terms and conditions are available on application. Fees and charges apply. Australian credit licence number 234527.

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, 104kB) before acquiring any product. 

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

Repayment Calculator

All applications for credit are subject to ANZ’s normal credit approval criteria. Product terms and conditions are available on application and eligibility criteria applies to the Breakfree package. An annual Breakfree package fee of $395 and a minimum lending requirement of $150,000 applies. Breakfree benefits only apply while you maintain the package and meet ongoing eligibility criteria. See ANZ Breakfree or ask ANZ for details.

This is an estimate for illustrative purposes only and is based on the limited information provided. It does not constitute an offer of credit. To apply for an ANZ Home Loan you must complete an application.

The estimated repayment amount does not include any fees or charges.

If a Variable Rate Loan is selected, the interest rate will be subject to change throughout the term of the Loan, which can impact on repayment amounts.

Results are based on approximate amortised scheduled repayments and do not take into account interest rate changes or other events that may change repayment amounts on a loan.

For fixed rate loans, once the fixed rate period expires, the loan reverts to a variable rate loan and repayment amounts will change.

For interest only loans, once the interest only period expires, the loan will revert to the applicable variable rate loan for the remainder of the loan term (unless another interest rate period is taken). At the end of the interest only period, minimum repayment amounts may increase to cover principal and interest. Interest only loans are not for everyone and you should consider if this is the right strategy for you.

The calculator does not include ANZ Equity Manager.

Interest rates are current as at  and are subject to change.

Rates shown for loans of less than $150,000 do not include the Breakfree discount. Visit ANZ Breakfree to find out if you are eligible for the Breakfree discount.

ANZ Home Loans are available for periods between 1 and 30 years.

ANZ Home Loans are available for a minimum of $10,000. This calculator has been set to a maximum of $9,900,000 but you can apply for a higher amount.

Applications for credit are subject to ANZ’s credit approval criteria. Terms and conditions, and fees and charges apply. Australian credit licence number 234527.

Borrowing power calculator

Applications for credit are subject to ANZ’s credit approval criteria. Terms and conditions, and fees and charges apply. Australian credit licence number 234527.

This estimate is based on the accuracy of the limited information provided. It is also based on a loan term of 30 years, payment type principal and interest and either an ANZ Standard Variable rate for home loans or an ANZ Standard Variable rate for residential investment property loans depending on the type of property you have selected. The estimate might be different if payment type is interest only. It does not constitute an offer of credit. To apply for an ANZ Home Loan you must complete an application. All applications for credit are subject to ANZ's normal credit approval criteria. ANZ does not store the information you provided to generate this document.

The calculation of estimated maximum home loan borrowing power excludes Lenders Mortgage Insurance. The value of the security property is also considered in any credit assessment criteria.

Minimum loan amounts apply to different loan types. For more information, visit anz.com or contact us.

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 412kB).

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A Progress Payment Fee of $250 will be payable when you first request a Progress Payment to be drawn down under the loan. See ANZ Personal Banking General Fees and Charges (PDF 116kB).

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Interest only loans are not for everyone and you should consider if this is the right strategy for you. Applications are subject to credit assessment.

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Interest rates shown on this page are current as at  and are subject to change. For all applicable fees & charges please see the ANZ Personal Banking Account Fees and Charges (PDF 139kB), ANZ Personal Banking General Fees and Charges (PDF 155kB) and your letter of offer.

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Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly payments, including a Breakfree package discount (if applicable). These rates are for secured loans only.

WARNING: This Comparison Rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

For interest only variable loans, the comparison rates are based on an initial 5 year interest only term. For fixed rate interest only loans, the comparison rates are based on an initial interest only period equal in term to the fixed period.

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Property value is ANZ's valuation of the security property and may be different to the price you pay for a property.

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The rate shown is the Simplicity PLUS Home Loan index less the applicable special offer discount. Rates are subject to change. Eligibility criteria apply to special offer discounts, including $50,000 or more in new or additional ANZ lending. Offers can be withdrawn or changed anytime.

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Offers can be withdrawn or changed at any time. Customers must request waiver or refund of Loan Approval Fee or any Renegotiation Fee, this will not be automatically applied. In some instances customer may receive refund instead of waiver of loan approval fee or any renegotiation fee.

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When we approve an application by you to renegotiate or convert your loan/facility, we may charge either a Renegotiation Fee or a further Loan Approval Fee / Facility Approval Fee. The Renegotiation Fee is $200, except in the cases below, where it is $350.

  • There is a change to the borrowers or guarantors, the term or amount of the loan/facility or the security provided for the loan/facility.
  • Repayments are changing to interest-only repayments, an interest only period is being extended or there is a change from interest in arrears to interest in advance or vice versa.
  • Two or more loans are being combined into a single loan.
  • A loan is converted to a facility or vice versa.
  • A Lenders Mortgage Insurance premium would become payable as a result of the change.
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Lenders Mortgage Insurance (LMI) is paid by the borrower and protects ANZ in the event that the borrower defaults and a shortfall arises following the sale of the security property. ANZ usually requires LMI where the Loan to Value Ratio (LVR) is above 80% (depending on the type of property).

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The rate shown is the Simplicity PLUS Residential Investment Property Loan index less the applicable special offer discount. Rates are subject to change. Eligibility criteria apply to special offer discounts, including $50,000 or more in new or additional ANZ lending. Offers can be withdrawn or changed anytime. 

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Comparison between ANZ Simplicity PLUS and ANZ Standard Variable is based on loans with principal and interest repayment type. Different interest rates apply for interest only loans. Interest only repayments are currently unavailable on new ANZ Simplicity PLUS home loans (for a home to live in).

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ANZ may provide pre-approval (also known as approval in principle or conditional approval) to eligible customers who apply for an ANZ home loan and complete an application form and satisfy any other applicable requirements. Pre-approval is an approval for a loan subject to conditions being met, including that security is satisfactory to ANZ. Australian Credit Licence Number 234527.

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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.

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