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Home loan 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.

See all current rates and offers 

 

Rate announcement

3 May 2022

ANZ today announced it will increase variable home loan interest rates in Australia. Effective 13 May 2022, ANZ will increase variable interest rates for home, residential investment and line of credit home loans by 0.25% p.a.

Below is a summary of the changes that will be effective on 13 May 2022.

What this means for you

How will this affect repayments on your variable rate loan?

When there is an increase in the index interest rate, the minimum repayment amount you are required to pay will increase.

If you have a variable rate principal and interest loan, and you're paying the minimum repayment amount via bank managed payment, ANZ will automatically increase the minimum repayment amount you are required to pay.

If you have a variable rate principal and interest loan and your repayments are customer managed, you will need to adjust your repayment amount to meet the new minimum required repayment.

For variable interest only loans, your interest amount charged each month will reflect the new interest rate applied to your loan.

You may need to adjust any repayments if these are set by you (but we will communicate with you as to what any minimum repayments will be). If you'd like to change your repayment amount, you can do so online through ANZ internet banking or by contacting ANZ.

See how to do it yourself online

ANZ variable interest rates

Principal and interest repayments

 

Loan type

Increase

Index rate from 13 May 2022

Comparison rate from 13 May 2022disclaimer

ANZ Standard Variable Home Loan Index Rate

+0.25% p.a.

4.64% p.a.

4.64% p.a.

ANZ Standard Variable Residential Investment Property Loan Index Rate

+0.25% p.a.

5.24% p.a.

5.24% p.a.

ANZ Simplicity PLUS Home Loan Index Rate

+0.25% p.a.

3.99% p.a.

3.99% p.a.

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

+0.25% p.a.

3.99% p.a.

3.99% p.a.

See all current rates and offers 

Interest only repayments

 

Loan type

Increase

Index rate from 13 May 2022

Comparison rate from 13 May 2022disclaimer

ANZ Standard Variable Home Loan Index Rate

+0.25% p.a.

5.19% p.a.

4.86% p.a.

ANZ Standard Variable Residential Investment Property Loan Index Rate

+0.25% p.a.

5.49% p.a.

5.35% p.a.

ANZ Simplicity PLUS Home Loan Index Rate

+0.25% p.a.

4.19% p.a.

4.07% p.a.

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

+0.25% p.a.

3.98% p.a.

3.99% p.a.

See all current rates and offers 

Products no longer available for sale

 

Loan type

Increase

Index rate from from 13 May 2022

Comparison rate from 13 May 2022disclaimer

ANZ Home Equity Loan Variable Index Rate

+0.25% p.a.

6.34% p.a.

n/adisclaimer

ANZ Money Saver Home Loan Variable Index Rate

+0.25% p.a.

4.29% p.a.

4.41% p.a.

ANZ Money Saver Investment Loan Variable Index Rate

+0.25% p.a.

4.89% p.a.

5.01%p.a.

ANZ Equity Manager Variable Index Rate

+0.25% p.a.

6.26% p.a.

n/adisclaimer

Help and support

If you've got questions, you may like to start by taking a look at your account information online using ANZ Internet Banking and the ANZ App. 

View your account online

Check your current interest rate and home loan repayments online using ANZ Internet Banking or the ANZ App. New interest rates are effective from 13 May 2022.

How to view account details

Change loan payments online

You can change your loan payments online if you need to, using ANZ Internet Banking. We can show you how.

How to change loan payments

Request a call back

Want to speak to someone about your rate change questions? Avoid call wait times by having us call you.

Request a call back

Your questions answered

ANZ will notify customers of changes to repayments in the usual way.

Current interest rates are available on anz.com and ANZ advertises any changes to its rates in a national newspaper. Depending on your type of loan, you might also be notified of changes in an account statement or letter.

   

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
  • Ensuring fair rates for depositors
  • 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

Branch

 

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.
 

The following options may assist:

  • Change your variable principal and interest repayment arrangements so you make repayments more frequently (e.g. from monthly to weekly).
  • If you have an eligible loan (such as an ANZ Standard Variable loan or a one year ANZ Fixed loan), you could consider linking an offset account to it (a fee of $10 per month applies). The more money you have in your linked offset account, the less interest you'll need to pay on your home loan.

You should carefully consider these options and your personal circumstances before deciding whether to make any changes to your repayment arrangements or link an offset account.

  

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 or through our COVID-19 Hub on anz.com.

  

Customers on a hardship arrangement will have their variable index rate increased by the same amount as other customers on eligible 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 13 May 2022 to reflect these changes.

  

Important information

All rates in this notice are current as at 13 May 2022.  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 anz.com 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.

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

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