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ANZ Breakfree package

You could save over $2000 in the first year

Bundle your home loan, everyday account and credit card into an ANZ Breakfree package with ongoing benefits and discounts for an annual fee of $395.

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 if you take out a $250,000 ANZ Standard Variable Home Loan with a  interest rate discount and fee waivers under the ANZ Breakfree package






What you get

  ANZ home and residential investment loans

  • Interest rate discounts on eligible loan accountsdisclaimer
  • Fee waivers on eligible loan accountsdisclaimer including Loan Approval Fee, Valuation Administration Fee, Renegotiation Fee and Loan Administration Charge 
  • No limit on the number of eligible home loans under the one package
  • Choice of variable or fixed home loan options

  ANZ everyday banking

  • Monthly account service fee waived on one eligible everyday account. Choose from ANZ Access Advantage or ANZ One offset account
  • Apply for ANZ Assured Credit Facility Fee waiver on ANZ Access Advantage or ANZ One

  ANZ credit cards

  • Annual account fee waived on one eligible ANZ credit carddisclaimer
  • Additional Cardholder Fee waiveddisclaimer

  ANZ insurance and advice benefits

  • Discount available on the first year's premium for ANZ Home, Landlord and Car Insurancedisclaimer
  • Discount available on premiums for ANZ Mortgage Protection Insurancedisclaimer
  • Up to $550 off the ANZ Financial Planning one-off Adviser Service Fee towards your personalised advicedisclaimer

An example of how you could save money with the ANZ Breakfree package

 

Benefit

First year savings

Ongoing annual savings p.a.

 interest rate discount on $250,000 ANZ Standard Variable Home Loan

$1,500

$1,500

Loan Approval Fee waived on your ANZ home loan

$600

N/A

Monthly Loan Administration Charge waived on your ANZ Standard Variable Home Loan

$60

$60

Monthly account service fee waived on one ANZ One offset account

$120

$120

Annual account fee waived on your ANZ Frequent Flyer Platinum credit card account

$240

$240

Minus the annual ANZ Breakfree package fee

$395

$395

Your savings

$2,125

$1,525

The above example assumes: interest only repayments, minimum repayments are made as scheduled through the life of the loan and no additional repayments are made. Discount is applied to the variable rate (Home Loan Index) which is subject to change. Benefits shown in this example are current as at July 2015 and are subject to change.

ANZ Breakfree rates and fees

The important numbersdisclaimer

ANZ Standard Variable Home Loan

(under ANZ Breakfree package)

Interest rates with Breakfree discounts ranging fromdisclaimer:

 to 

 

 to 

comparison ratedisclaimer

Annual package fee of $395. Discounts vary based on lending amounts and other eligibility criteria. Terms and conditions, and minimum lending requirements apply. Special offer terms and conditions may apply.

More about ANZ Breakfree package discounts

  • Make extra repayments to pay your loan off faster
  • Redraw your extra repaymentsdisclaimer

ANZ Fixed Home Loan

(under ANZ Breakfree package)

Interest rate with ANZ Breakfree package discount (2 year fixed):

  

   

comparison rate (2 year fixed)disclaimer

Annual package fee of $395. Terms and conditions, minimum lending requirements and eligibility criteria apply.disclaimer

More about ANZ Breakfree package discounts

  • Your interest rate won't change during the fixed period
  • Choose from 1, 2, 3, 4, 5, 7 and 10 year fixed rate terms. The interest rate will then revert to a variable rate after the fixed term.

ANZ Equity Manager

(under ANZ Breakfree package)

Interest rates with Breakfree discounts ranging fromdisclaimer:

 to 

Annual package fee of $395. Discounts subject to eligibility criteria and minimum lending requirements.

More about ANZ Breakfree package discounts

  • Use the equity in your existing property
  • Only pay interest on what you use

(under ANZ Breakfree package)

Interest rates with Breakfree discounts ranging fromdisclaimer:

 to 

 

 to 

comparison ratedisclaimer

Annual package fee of $395. Discounts vary based on lending amounts and other eligibility criteria. Terms and conditions, and minimum lending requirements apply. Special offer terms and conditions may apply.

More about ANZ Breakfree Package discounts

  • Make extra repayments to pay your loan off faster
  • Redraw your extra repaymentsdisclaimer

ANZ Fixed Residential Investment Loan

(under ANZ Breakfree package)

Interest rate with ANZ Breakfree package discount (2 year fixed):

  

  

comparison rate (2 year fixed)disclaimer

Annual package fee of $395. Terms and conditions, minimum lending requirements and eligibility criteria apply.disclaimer

More about ANZ Breakfree Package discounts

  • Your interest rate won't change during the fixed period
  • Choose from 1, 2, 3, 4, 5, 7 and 10 year fixed rate terms. The interest rate will then revert to a variable rate after the fixed term.

ANZ Equity Manager

(under ANZ Breakfree package)

Interest rates with Breakfree discounts ranging fromdisclaimer:

 to 

Annual package fee of $395. Discounts subject to eligibility criteria and minimum lending requirements.

More about ANZ Breakfree Package discounts

  • Use the equity in your existing property
  • Only pay interest on what you use

Current Special Offer rates on our ANZ Standard Variable and ANZ Equity Manager loans under Breakfree. See Terms and conditions (PDF 40kB). Eligibility criteria apply, including minimum new or additional lending for existing customers.

Borrowing 80% or less of the property valuedisclaimer

 

Total Mortgage Lending amountdisclaimer

ANZ Standard Variable discount

ANZ Equity Manager discount

$250,000 - $499,999

0.80% p.a.

0.80% p.a.

$500,000 plus

0.90% p.a.

0.90% p.a.

Borrowing more than 80% of the property valuedisclaimer

 

Total Mortgage Lending amountdisclaimer

ANZ Standard Variable discount

ANZ Equity Manager discount

$250,000 - $499,999

0.75% p.a.

0.75% p.a.

$500,000 plus

0.85% p.a.   

0.85% p.a.

 

Total Mortgage Lending amountdisclaimer

ANZ Standard Variable discount

ANZ Fixed discount

ANZ Equity Manager discount

$150,000 - $249,999

$250,000 - $699,999

$700,000 plus


 

To find out if you're eligible:

Speak to a Breakfree specialist

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%. 

   Should I get an offset account?disclaimer

If you have money in an everyday banking account, you may choose to move it into an ANZ One offset account. You can link it to your ANZ Standard Variable loan or one-year ANZ Fixed loan to help you save on interest charges. The money you have in ANZ One will offset the amount you owe on your home loan, and you’ll only be charged interest on the difference.

   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.

   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.

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Sat-Sun 8.00am to 6.00pm (AEST)

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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. 

It is important to consider the following with ANZ Breakfree:

  • All ANZ Breakfree package benefits are subject to the ANZ Breakfree Terms and Conditions and any relevant Product Disclosure Statements or terms and conditions

  • Any relevant Special Offer terms and conditions apply

  • Eligibility criteria applies to the ANZ Breakfree package, including a minimum lending requirement of $150,000. Breakfree benefits only apply while you maintain the package and meet ongoing eligibility criteria. See the ANZ Breakfree Terms and Conditions (PDF 80kB)

  • Breakfree benefits are independent of any other discounts or fee waivers granted in ANZ’s absolute discretion at any time.

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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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Fees are waived on eligible loan accounts linked to the Breakfree package where those fees become due on or after those loans become part of your Breakfree package. Other fees and charges may apply in relation to your nominated loan accounts, including in respect of a renegotiation. Please refer to the ANZ Personal Banking General Fees & charges booklet (PDF 156kB).

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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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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 anz.com 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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The discount applies upon you notifying your ANZ Financial Planner that you are an ANZ Breakfree Package customer. ANZ Financial Planning will provide one discount per ANZ Breakfree Package of up to $550 (inclusive of GST) off the One-Off Adviser Service Fee (ASF). Where the ASF is less than $550 (inclusive of GST), the discount will equal this lesser amount. This Offer may not be used in conjunction with other ANZ Financial Planning offers. ANZ Financial Planners are representatives of Australia and New Zealand Banking Group Limited ABN 11 005 357 522, the holder of an Australian Financial Services Licence.

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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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The range of interest rates shown incorporate ANZ Breakfree discounts and ANZ Breakfree Special Offer discounts which apply while you hold an ANZ Breakfree package and meet ongoing eligibility criteria. The applicable discount varies based on loan amount, total mortgage lending and other eligibility criteria. Eligibility for interest rate discounts of between 0.75% p.a. and 0.90% p.a.  are subject to ANZ Breakfree Package Special Offer Terms and Conditions (PDF 40kB), which include total mortgage lending requirements, lending to value ratio requirements, and new lending requirements for existing customers. Eligibility for discounts between  and  are based on total mortgage lending requirements and the ANZ Breakfree Terms and Conditions. For details, see ANZ Breakfree package.

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

Availability and level of interest rate discounts under the Breakfree package vary based on minimum lending requirements and other eligibility criteria. See ANZ Breakfree Package Special Offer Terms and Conditions (PDF 40kB) for eligibility. 

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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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The range of interest rates shown incorporate ANZ Breakfree Special Offer discounts which apply while you hold an ANZ Breakfree package and meet ongoing eligibility criteria. The applicable discount varies based on loan amount, total mortgage lending and other eligibility criteria. Eligibility for interest rate discounts of between 0.75% p.a. and 0.90% p.a.  are subject to ANZ Breakfree Package Special Offer Terms and Conditions (PDF 40kB) and the ANZ Breakfree Terms and Conditions (PDF 78kB), which include total mortgage lending requirements, lending to value ratio requirements, and new lending requirements for existing customers. For details, see ANZ Breakfree package.

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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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Total Mortgage Lending - Means the sum of the account balances, plus any funds available for redraw, of home and investment loan accounts and the credit limit of any Equity Manager facilities held in the names of the applicants or borrowers, whether or not the loan is linked to the ANZ Breakfree Package. It does not include Nominated Loan Accounts which are held by other Package Holders.

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Terms and Conditions, fees and charges apply. Refer to ANZ Personal Account Fees and Charges booklet (PDF 139kB).

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