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ANZ Equity Manager

Make use of your property's value

ANZ Equity Manager is a line of credit that helps you turn the equity in your home into money you can actually use. You'll be able to access it any time, just like an everyday banking account.

View rates & fees    Apply now

Loan features

What this loan offers

You'll only pay interest on what you use

If you don't use the money in your line of credit account, we won't charge you interest. 


You could withdraw up to your approved limit

It's a line of credit, so you can keep depositing and withdrawing up to your approved credit limit. However, bear in mind the more money you take out, the more interest you'll need to pay.


Choose how you make repayments

You can manage your own repayment schedule, with no set repayment terms, as long as you're under your limit. If you go over your limit, you'll need to make a payment to bring it back under.

Easy access to your money

You can access your money any time, for example via ATMs, ANZ Internet Banking or ANZ goMoney™.


Use it for a variety of purposes

For example, you could use the money to take advantage of investment opportunities or to renovate your home, according to your needs.

Things to consider

 You're responsible for your own repayments

Because we don't give you a set schedule of minimum repayments or repayment dates, do bear in mind that you'll need to manage these yourself. 

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

Unlike normal loans, we don't adjust your repayments. But if interest rates go up, you'll be charged more interest on your outstanding balance. Making deposits into your line of credit account to reduce your outstanding balance can help to minimise the interest charges.

Loan package

Get a bundle of savings and benefitsdisclaimer

Bundle your home loan, everyday account and credit card into ANZ Breakfree package and enjoy a great range of ongoing features and discounts.disclaimer

What you get

  • Interest rate discounts on nominated loan accountsdisclaimer
  • Credit card annual fee waiverdisclaimer
  • Everyday account fee waiverdisclaimer
  • Optional insurance discountsdisclaimer
  • Choice of variable or fixed home loan options
  • No limit on the number of eligible home loans under the one package. 

For example, you could save over

$2,000 in the first year

if you take out a $250,000 ANZ Standard Variable Home Loan with a  interest rate discount and fee waivers under the Breakfree package. Take a closer look at how you can save

For an annual fee of


Other fees and charges apply

Rates and fees

The important numbersdisclaimer

Rates and fees
Interest rate

See all rates for our loans

Loan Approval Fee


Loan Administration Charge

$150 (per year credit facility fee)

Renegotiation Feedisclaimer

$200 or $350 depending on change requested

Rates and fees
Minimum loan amount


Maximum loan amount

Subject to ANZ's credit assessment criteria

Early Repayment Cost


Redraw fee


Lenders Mortgage Insurance (LMI) 

If LVR is more than 80%

What is LVR?

 ANZ Breakfree package

Bundle your home or investment loan, everyday banking account and credit card within an ANZ Breakfree package and enjoy a great range of discounts and benefits. disclaimer

Learn more


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%. 

   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.

   Principal and interest, or interest only?

Let’s put it this way: if you choose interest only, your minimum repayments will be lower during the interest only period because you are not required to repay the principal balance. You will have to repay the principal down the track and you will pay more over the life of your loan. Choosing to repay principal and interest means that you’re actually paying off the total loan amount over the period of the loan, not just the interest charges.

   What is equity?

Equity is the difference between the value of your home and how much you owe on it. And that value isn't necessarily what you paid for your home, as it may now be worth more. For example: if your home is worth $500,000 and you still owe $300,000, you could have up to $200,000 in equity.


Contact us, we're here to help

Call a Home Loan Specialist

1800 100 641

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

Let us come to you

Locate a mobile lender

Fill out a quick form

Enquire online

Visit a branch

Locate us

All applications for credit are subject to ANZ's credit approval criteria. Terms and Conditions apply and are available on application. Fees, charges and eligibility criteria apply. 

Any advice does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you and read the Terms and Conditions, Product Disclosure Statement and Financial Services Guide before acquiring any product. 

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Annual package fee currently $395 and subject to change. Eligibility criteria and terms and conditions apply, including a minimum total mortgage lending requirement of $150,000. See ANZ Breakfree Terms and Conditions (PDF 80kB) for details. ANZ Breakfree package benefits only apply while you maintain the package and meet ongoing eligibility criteria. Terms and conditions and fees and charges apply to products and services taken out in connection with an ANZ Breakfree package. 

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Interest rate discounts apply to eligible loan accounts linked to the Breakfree package which meet minimum lending requirements (total mortgage lending must be at least $150,000).

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The Annual Account Fee is waived on one eligible ANZ credit card account held under an ANZ Breakfree Package. The waiver only applies while the account is held under the package. A Rewards Program Services Fee of $55 per cardholder may apply to ANZ Rewards and ANZ Frequent Flyer accounts.

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Account service fee waived on one eligible transaction account (ANZ Access Advantage account or ANZ One offset account).

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ANZ Home Insurance, ANZ Landlord Insurance and ANZ Car Insurance are issued by QBE Insurance (Australia) Limited (QBE) ABN 78 003 191 035 (AFSL 239545). ANZ Mortgage Protection Insurance is jointly issued by OnePath Life Limited (ABN 33 009 657 176) and QBE. This information is of a general nature and has been prepared without taking account of your objectives, financial situation or needs.  You should consider whether the information is appropriate for you having regard to your objectives, financial situation and needs. ANZ recommends that you read  ANZ Financial Services Guide (PDF 520kB) and the relevant ANZ Home insurance Product Disclosure Statement and Policy (PDF 936kB)ANZ Landlord Insurance Product Disclosure Statement and Policy (PDF 736kB)ANZ Car Insurance Product Disclosure Statement and Policy (PDF 656kB) and ANZ Mortgage Protection Insurance Product Disclosure Statement and Policy (PDF 307kB), available by calling 13 16 14 or visiting before deciding whether to acquire, or to continue to hold, any of these products. To be entitled to a discount on your insurance you must notify the issuers of these products at the time of application that you are an ANZ Breakfree Package customer. Please note for ANZ Home Insurance, ANZ Landlord Insurance and ANZ Car Insurance the discount is only applicable to the first year’s premium. Reference to insurance premium amounts for the purposes of calculating the applicable Breakfree Package benefits exclude any stamp duty, GST and other government fees, charges or levies components that are included in the total premium amount paid by you. These discounts are not available in conjunction with any other discount offer made by issuers of these products or ANZ.

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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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Converting or renegotiating - We charge a fee for when you renegotiate or convert your ANZ home or residential investment loan or ANZ Equity Manager. The amount of this fee will be as follows:

$200 - If there is no change to the borrowers, the term or amount of the loan or the security provided in connection with the loan, and the repayments are not changing to interest-only repayments.

$350 - If there is a change to the borrowers, the term or amount of the loan or the security provided in connection with the loan, or the repayments are changing to interest-only repayments.

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