ANZ Simplicity PLUS
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.
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Get your application started in 5 minutes
Keep it simple with no ongoing fees
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 from 1 to 30 years, and repay weekly, fortnightly or monthly.
Redrawdisclaimeryour extra repayments if you need to
If you've made additional repayments, you could be able to access these funds using ANZ Redraw.
Draw down the loan progressively as you builddisclaimer
If you're constructing a property, your loan can be drawn down over a period of up to 24 months. (Fees and charges apply.)
Make interest only payments - residential investment loans onlydisclaimer
You can apply for a Simplicity PLUS Residential Investment loan with interest only repayments for an agreed term (10 years maximum). Making interest only payments may suit you in some circumstances.
Note that if you decide this option is right for you, your repayments will be lower during the interest only period but you will have to repay the principal down the track and you may pay more over the life of your loan.
Can't decide between variable and fixed?
Some customers choose to split their home loan between the two: 50-50, 60-40 or some other ratio, it's up to you.
| Loan Approval Fee | $600 |
|---|---|
| Loan Administration Charge | $0 per month |
| Renegotiation Feedisclaimer | $200 or $350 depending on change requested |
| Minimum loan amount | $50,000 |
| 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% |
Comparing ANZ Simplicity PLUS and ANZ Standard Variable featuresdisclaimer
| ANZ Simplicity PLUS | ANZ Standard Variable | |
|---|---|---|
| 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 | $600 | $600 (waived on ANZ Breakfree) |
| Renegotiation Fee | $200 or $350 depending on change requested | $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. |
Need a bit more detail on our home loans?
Our home loans comparison tool can help you compare interest rates, loan terms, fees and features.
How much could I borrow?
Get an indication of how much you may be able to borrow
What could my repayments be?
Get an estimate of your potential loan repayments
Got a number? Apply for pre-approvaldisclaimer
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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.
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.
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).
ReturnA 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).
ReturnInterest only loans are not for everyone and you should consider if this is the right strategy for you. Applications are subject to credit assessment.
ReturnThe 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.
ReturnRates shown apply during the fixed period of your loan. After the fixed period, your rate will switch to the applicable variable rate for a principal and interest loan.
ReturnComparison 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.
The repayment calculator does not show all interest rates. Our home loan interest rates page shows all available rates, including special offers and discounts when borrowing 80% or less of the property value.
ReturnProperty value is ANZ's valuation of the security property and may be different to the price you pay for a property.
ReturnThe 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.
ReturnWhen 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.
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).
ReturnComparison 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).
ReturnANZ 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.
ReturnSubject to ANZ's credit assessment criteria.
ReturnTerms and Conditions, fees and charges apply. Refer to ANZ Personal Account Fees and Charges booklet (PDF 139kB).
ReturnANZ 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