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Home loan interest rate changes

ANZ regularly reviews its interest rates on home loans and residential investment loans, including following the Reserve Bank of Australia meetings. View the most recent home loan interest rate changes here.

For helpful tools, tips and options that could help you stay on top of changing home loan repayments, see Manage your loan.


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

Rate announcement

8 November 2023

ANZ today announced it will increase variable home loan interest rates in Australia. Effective 17 November 2023, ANZ will increase variable interest rates for home, residential investment and line of credit home loans by 0.25% p.a.

ANZ variable interest rates

Principal and interest repayments


Loan type


Index rate from 17 November 2023

Comparison rate from 17 November 2023disclaimer

ANZ Standard Variable Home Loan Index Rate

+0.25% p.a.

8.64% p.a.

8.64% p.a.

ANZ Standard Variable Residential Investment Property Loan Index Rate

+0.25% p.a.

9.24% p.a.

9.24% p.a.

ANZ Simplicity PLUS Home Loan Index Rate

+0.25% p.a.

7.99% p.a.

7.99% p.a.

ANZ Simplicity PLUS Residential Investment Property Loan (RIPL) Index Rate

+0.25% p.a.

7.99% p.a.

7.99% p.a.


Interest only repayments


Loan type


Index rate from 17 November 2023

Comparison rate from 17 November 2023disclaimer

ANZ Standard Variable Home Loan Interest Only Index Rate

+0.25% p.a.

9.19% p.a.

8.90% p.a.

ANZ Standard Variable Residential Investment Property Loan (RIPL) Interest Only Index Rate

+0.25% p.a.

9.49% p.a.

9.36% p.a.

ANZ Simplicity PLUS Home Loan Interest Only Index Rate

+0.25% p.a.

8.19% p.a.

8.08% p.a.

ANZ Simplicity PLUS Residential Investment Property Loan (RIPL) Interest Only Index Rate

+0.25% p.a.

7.98% p.a.

7.99% p.a.


Products no longer available for sale


Loan type


Index rate from from 17 November 2023

Comparison rate from 17 November 2023disclaimer

ANZ Home Equity Index Loan Rate

+0.25% p.a.

10.34% p.a.


ANZ Money Saver Home Loan Index Rate

+0.25% p.a.

8.29% p.a.

8.29% p.a.

ANZ Money Saver Investment Loan Index Rate

+0.25% p.a.

8.89% p.a.


ANZ Equity Manager Index Rate

+0.25% p.a.

10.26% p.a.



What this means for you

The rate increase will be effective from 17 November 2023. You'll see your new rate in your home loan account details in ANZ Internet Banking from this date. 

How this impacts your variable home loan repayments

When there's an increase in the index interest rate, the minimum repayment amount you need to pay will increase. We'll let you know if there's a change to your minimum repayments. 

What you need to do

  • If you're making interest only repayments, your interest amount charged each month will automatically reflect the new interest rate applied to your loan. You won't need to do anything.
  • If you're making principal and interest repayments, you may need to adjust your repayment amount depending on whether your repayments are set up as bank managed or customer managed payments.
Repayment types
Bank managed payments Customer managed payments

If your repayments are bank managed, ANZ will automatically increase the minimum repayment amount you’re required to pay. We'll let you know there's been a change to your repayment amount.

If your repayments are customer managed, you’ll need to adjust your repayment amount manually to meet the new minimum required repayment. 

Check your interest rate

Here's how to check your home loan interest rate in ANZ Internet Banking.

  • Log in to ANZ Internet Banking
  • Select your home loan account
  • Select the Details tab
  • Expand the Interest and charges section by clicking on the arrow to the right

ANZ Internet Banking

Estimate your new repayments

Enter your new interest rate into our home loan repayments calculator to get an estimate of your new repayments under that rate.  If there is a change to your repayments we'll notify you of these changes in the usual way, based on how you've chosen to hear from us.

Estimate your repayments

Get a free Home Loan Check In

An ANZ home loan check-in could help you find ways to fine-tune your home loan so it continues to meet your needs. A home loan check-in chat only takes 15 minutes, with no prep or paperwork. 

Request a Check In

Your home loan options

Switch to a lower rate home loan

Consider switching to our competitive basic variable interest rate. ANZ SimplicityPLUS is our basic home loan (no offset) that still gives you the flexibility of a variable rate loan, like the ability to pay it off sooner.

Change how you make repayments

Small changes to how you make repayments can make a big difference to the interest you pay on your loan. Depending on your circumstances, switching from monthly to fortnightly or weekly repayments could help reduce your total interest charges.

Fix or split your loan

If you’d like some more certainty about your repayment amounts, consider fixing your loan or splitting it into part variable, part fixed rate to hedge your bets. Learn more about splitting your loan.

Reduce your repayments to the minimum amount

If you’re currently paying more than the minimum repayment amount, you have the option to reduce your repayments to the minimum repayment amount. See interest only repayments.

Offset your interest

If you have an eligible loan such as an ANZ Standard Variable loan or a one year ANZ Fixed loan, consider linking an ANZ One offset account to it (for a fee of $10 a month).disclaimer The more money you have in your linked offset account, the less interest you'll need to pay on your home loan. To maximise your savings even more, deposit your salary straight into your offset account.

Redraw if you're ahead

If you're ahead on your home loan repayments and you have an eligible loan, you may be able to access funds from the extra repayments made, or take a break from future scheduled repayments with ANZ Redraw.disclaimer

Extend your loan term

Extending your loan term could lower your repayments, which could help take the pressure off when rates rise and repayments increase. Talk to us to find out if this is an option for you. Note that extending your loan term may mean you’ll end up paying more in interest over the life of your home loan.

Switch to interest only repayments for a while

You may wish to consider applying to switch from principal and interest repayments to interest only repayments for a period of time, if it is suitable for you to do so. Keep in mind that making this change might increase the total interest you pay over the life of your loan.

Top up if you need to

You may be able to top up your existing variable rate loan, subject to credit approval. So if you're looking to renovate, consolidate debts or buy a new car, you may be able to borrow additional funds against your existing home loan.

Refinance and consolidate debts

Consider how much equity you have in your property. If you have enough equity you may be able to consolidate any other debts you may have. Get an estimate of the equity you may have in your home, or book in a free home loan check-in.




Home loan repayments changing? Let us explore how we can help.

We have tools and options that could help you navigate rising interest rates and stay on top of changing home loan repayments. Explore your home loan options or if you'd prefer to speak with one of our specialists, request a call back and we'll be in touch soon.

Request a call back Explore your home loan options

Your questions answered

If you have an existing home loan with ANZ and there are changes to your repayments, we’ll notify you of these changes in the usual way, based on how you’ve chosen to hear from us. Depending on your type of loan, you might also be notified of changes in an account statement or letter.

ANZ may advertise changes to its rates in a national newspaper. You can also check our current interest rates any time.


We regularly review interest rates to ensure they reflect current market conditions.  Our review includes factors such as:

  • The cost of wholesale funding
  • Our competitive positioning
  • The impact of economic conditions on our customers
  • Regulatory requirements
  • Overall business performance

If you wish to change your loan repayments yourself, you can do so online through ANZ internet banking or by contacting ANZ.


Phone or internet banking



Another financial institution or salary deduction

If you make your payments via a Direct Loan Payment from an ANZ account, adjustments can be made via Internet Banking or by calling 13 25 99 between 8.00am and 8.00pm (AEST), Monday to Friday.

If you make your payments in person, you can visit the nearest ANZ branch. Please be sure to check the opening hours prior to your visit.

If you make your payments via a transfer from an account held at another financial institution, or by salary deduction through an employer, you will need to provide instructions to your financial institution or your employer to change repayments to reflect the new repayment amount.


Please contact us so we can review your situation and explore the available options. More information can be found at our dedicated Hardship online site.


Customers on a hardship arrangement will have their variable index rate increased by the same amount as other customers on applicable variable rate products. If you have concerns, please contact us.

If you would like more information, visit any ANZ Branch, call us on 13 13 14 or refer to our media centre page or interest rates page, which will be updated on 17 November 2023 to reflect these changes.

The payment type indicates whether the loan payment method is managed by ANZ or by you.

  • If the field displays "Bank Managed Payment (Direct Loan Payment)" this means that you have chosen this payment method as your only directly credited method of payment for this loan. Bank Managed Payments are managed by ANZ so they will be automatically increased if your minimum amount is increased (e.g. due to an increase in interest rates).
  • If this field displays "Customer Managed Payment", then the payment is not managed by ANZ and you will need to make other payment arrangements to meet your minimum repayment requirements.

All rates in this notice are current as at 17 November 2023.  ANZ regularly reviews its interest rates and may change them from time to time.  For details of current rates, please refer to ANZ interest rates.

Terms and conditions, fees and charges, and eligibility criteria (e.g. ANZ credit approval criteria) apply to ANZ loans.

If customers have questions about interest rates and their repayments, they should visit an ANZ branch, visit or contact ANZ on 13 13 14.

Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522. Australian credit licence number 234527.

Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly payments. 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.


No comparison rate exists as there is no set repayment schedule for this product.


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).


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.