skip to log on skip to main content
VoiceOver users please use the tab key when navigating expanded menus

Refinance your eligible home loan and get $2,000 cashback

Refinance your eligible home loan of $250,000+ and 80% or less LVR to ANZ and you could get up to $2,000 cashdisclaimerto spend on whatever you like. If you're thinking of refinancing a home loan, now's the time to switch to ANZ.

  • Get discounted rates upfront on eligible loansdisclaimer
  • $0 set up or ongoing feesdisclaimer
  • Verify your ID and sign documents online for super simple home loan refinancing

Request a call back

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

featured rate

$2,000 cashback when you refinance an eligible home loan

Get $2,000 cashback when borrowing 80% or less of the property valuedisclaimer

On eligible loans of $250,000 or more refinanced to ANZ (including any new lending as part of the refinance). See our frequently asked questions and terms and conditionsdisclaimerbelow.

Request call back

featured rate

Basic variable

rates

disclaimer

   

Interest ratedisclaimer

Comparison ratedisclaimer

Interest rate with special offer discountdisclaimerwhen borrowing 60% or less of the property valuedisclaimeron owner occupier home loan with principal and interest repayments.

Get a competitive interest rate and basic features (no offset).

ANZ Simplicity PLUS home loan

Why refinance your home loan to ANZ?

Ways to save interest

Refinancing could help you find a better interest rate. You may also be able to consolidate debt and depending on your loan, make extra repayments, open an offset account or access redraw.

$0 set up or ongoing fees

With our simpler home loan fee structure, you only pay for the features you choose to use, and you won't be charged any ANZ set up or ongoing fees.disclaimer

Less paperwork

If you're an eligible PAYG (Pay as you go) customer or earn income via wages paid from your own company (all other forms of self-employed income are excluded from this policy) you won’t need to provide documentation to verify your income.disclaimer  Much less hassle.

We make loan refinancing easy

Get started in just 5 minutes with our Quick Start home loan application. You can sign your home loan application documents without visiting a branch using ANZ eSign and verify your identity online using ANZ eVerify.

Already have an ANZ home loan?

We know your circumstances can change. Your home loan can too. If you'd like to see if your ANZ home loan could better suit your current needs, we can help. Request a call back from one of our specialists.

Request a call back

Explore our home loansdisclaimer

Basic variable

disclaimer

Principal & interest

Comparison ratedisclaimer

Interest rate with special offer discountdisclaimerwhen borrowing 60% or less of the property value.disclaimer

Get a competitive interest rate and basic features (no offset).

ANZ Simplicity Plus

Fees and features

  

Standard variable with optional offsetdisclaimer

disclaimer

Principal & interest

Comparison ratedisclaimer

Discounted standard variable rate when borrowing 80% or less of the property value.disclaimer

Can I go lower?

Talk to us to find out if a further discount could apply to your standard variable rate, depending on your situation.
 

ANZ Standard Variable

Fees and features

  

Fixed rate

 disclaimer disclaimer

Principal & interest

Comparison ratedisclaimer

Discounted 2 year fixed rate when borrowing 80% or less of the property value.disclaimer

Choose from 1, 2, 3, 4, 5, 7 and 10 year fixed rate terms.
 

ANZ Fixed Rate

Fees and features

  

Refinancing for a better home loan rate?

If you're thinking about refinancing your home loan for a better rate, we should talk...

If you're considering our standard variable rate home loan you may be able to get a further discount off the index rate, depending on your situation.

To find out if you could get a better rate for your home loan, have a no-obligation chat with one of our savvy home loan specialists... like Pete.

Request a call back

Connect with our home loan specialists or apply

Need to speak to a specialist?

Provide us with your details and one of our home loan specialists will get in touch. They can discuss issues including:

  • Applying for a home loan
  • Managing your existing loan
  • Refinancing your home loan
  • Interest rate enquiry

As well as any other home loan queries you may have.

clock icon

Call back time is 1-3 business days.

Request a call back

 

Quick start application

Begin your home loan application journey by providing details about:

  • You
  • Your financial situation
  • The loan you're applying for

One of our home loan specialists will then be in touch to progress with your application.

clock icon

Call back time is 1-3 business days.

Apply online

 

Call us

Monday - Friday 8am to 8pm (Sydney/Melbourne time)

1800 100 641  

 

Other ways to get in touch

Meet with a mobile lenderdisclaimer

Book a branch appointment

Book a First Home Buyer Coach

You can also chat to an ANZ accredited broker for help with your home buying, investing or refinancing needs.

Compare repayments with our refinance calculator

Enter your current interest rate, then use ‘add a new scenario’ to compare with an ANZ interest rate and see how much you could save.

Estimated repayments and repayment scenario comparisons are estimates only based on the loan amounts, loan types and loan terms selected. The comparisons are indicative estimates for illustrative purposes only and are based on current interest rates (which may change). Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly payments, including any applicable interest rate discounts. 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.

Questions about refinancing?

When you refinance your home loan, you take out a new loan to replace the old one. Your current home loan is paid out by the new loan and you repay the new home loan over time. You can refinance with your current lender or switch to a new lender.

Refinancing might make sense for you if your situation has changed, for example, if you have changed jobs or started a family. You might also want to think about refinancing if the market conditions have changed, for example if interest rates have gone up or down. In these situations, the home loan that you have may no longer be the best fit for your circumstances and refinancing could help you find a home loan that better meets your needs.

  

If you’re thinking of refinancing your home loan, the first step is to review your current loan. Make sure you know the rate you’re paying, any costs associated with refinancing and the terms of your home loan.

Next, compare different home loans to see if you can find a better deal than what you’ve got, or a different product which better meets your needs. You could also speak with your current lender to see if you could access any refinance options with them, adjust your current loan to help you manage your repayments better, or benefit from other features that they offer. 

Keep your financial priorities in mind as you evaluate your options. It’s not always about the lowest rate. Consider the whole loan offering, including features like offset accounts and the ability make additional repayments, to make sure you’re getting the home loan that best meets your needs.  Don’t forget to compare fees and charges as well.

The time it takes to complete a refinance will depend on things like the changes you are making to your loan and whether you’re changing your lender.  

Check out our step-by-step guide on how to refinance a home loan for more information.  

   

You don’t have to refinance your loan, and should only think about doing so if you’re satisfied that making changes to your loan is a good move for you. So there isn’t a set timetable for when you should refinance your home loan. If you do decide to refinance, it should be because refinancing will get you a home loan that better meets your needs.

Common reasons for refinancing include:

1. If you believe a better interest rate is available. If the market situation has changed and interest rates now are lower than when you drew down your home loan, refinancing your home loan may reduce the amount of interest you pay.

2. When your equity has increased. If your property has increased in value, the equity in your home may have increased too. You may be able to use the increased equity to negotiate better interest rates or loan terms. You may also be able to borrow against that equity to fund renovations, investments or other large expenses.

3. When your fixed loan home term or interest only term is expiring. When your fixed rate home loan term ends, your home loan usually switches to the standard variable interest rate, which may or may not be the best deal for you. If your fixed term is coming to an end, it may be a good time to review your home loan and explore your options.

4. If you’ve consistently been making repayments. This may put you in a good position to negotiate a better deal with your lender.

5. When you want to consolidate debt. If you have multiple loans or debts that have different interest rates, you may want to look into consolidating all your debts into your home loan. Home loan interest rates are generally lower than credit card or personal loan interest rates, and having just one repayment can make it easier to manage your budget.

  

The amount of equity you have in your home is the difference between the value of your property and the amount owing on your home loan. For example, if your property is worth $750,000 and you have $250,000 owing on your home loan, then you have $500,000 equity.

Many home loans will fund up to 95% of the value of your home, which means you’ll need a minimum of 5% equity to refinance. However, if you have equity which is less than a certain level (commonly 20%), you might have to pay Lenders Mortgage Insurance (LMI). Lenders Mortgage Insurance is insurance you pay for, but which protects the bank (not you) if you default on your loan and the money from selling your security property is not enough to repay your loan. If you have less than the required level of equity, you should talk to your lender about the cost of Lenders Mortagage Insurance when deciding whether or not to refinance.

As lenders use the amount of equity to assess risk, generally the more equity you have, the lower the risk of lending to you and the stronger your position.

Learn more about equity with our guide to understanding equity.

  

There’s no limit to how many times you can refinance your home loan. However, you might want to check if any waiting periods apply to your current loan, or if there are any fees or charges associated with ending or changing your existing loan.

The more important consideration is whether or not it makes sense to keep refinancing when you add up all the costs, such as early repayment costs (which can be substantial), loan approval fees and legal fees. Make sure that any savings you get from refinancing (such as lower repayments) will more than cover the costs of refinancing.

  

If you choose interest only, the minimum payment amount on your loan will be lower during the interest only period because you are not required to repay any of the loan principal. You will have to repay the principal down the track and so you may end up paying more over the life of your loan. There may be additional restrictions on the amount you can borrow or loan type you can select if you choose to pay interest only.

Choosing to repay principal and interest means that, with each repayment, you're paying off interest charges as well as some of the loan principal.

Learn more about payment types.

  

Fixed home loan rates mean the interest rates on your home loan are locked in for a set period. Rate changes will not affect you and your repayments will remain the same during the fixed rate term. Fixed rate home loans provide certainty and stability. However, you may be charged costs if you change any of the terms of the loan, for example, make additional repayments above a permitted limit.

Variable home loan rates can change from time to time. This is great if interest rates go down but your budget would need to cover the possibility of rates going up as well. Variable rate home loans offer greater flexibility because you can make additional repayments and redraw, pay off your loan early or take advantage of an offset account.

As both fixed and variable rate loans have pros and cons, split loans are a way to get the best of both worlds. For example, you could split a $400,000 loan 50/50, with half in an ANZ Fixed Loan and the other half in an ANZ Standard Variable Loan

You can split your loan into whatever ratio of fixed and variable suits you.

  

A comparison rate is designed to help you work out the total cost of a home loan by building the known costs like up-front and ongoing fees into that rate. It doesn’t include things like government charges, redraw fees or fee waivers. 

You can use comparison rates to help you compare the cost of different home loans with similar features. When deciding which home loan is right for you, it’s important to think about what features each home loan offers, and how much these matter to you. Keep in mind that you may not necessarily pay the comparison rate that is advertised for your loan type.  This is because, for example, you may not pay all the fees and charges which the comparison rate includes.

  

All our eligible fixed and variable rate home loan rates shown above come with a discount off the index rate applied upfrontdisclaimer(without needing to pay an annual home loan package fee). The index rate is a benchmark interest rate set by ANZ.

If you’re considering our Standard Variable home loan, you may be able to access a further discount off the index rate than shown above, depending on your situation. This is because the rate discount you can access for this home loan depends on your Loan to Value Ratio (LVR) and other financial circumstances. To find out if you could access a lower rate for our Standard Variable loan, have a no-obligation chat with one of our specialists.

To estimate home loan repayments with a new home loan

  1. Enter the details of the type of home loan you’re looking for then choose an ANZ rate from the interest rate drop down. 
  2. You can ‘Add a new scenario’ and choose a different ANZ home loan rate to compare estimated repayments for different scenarios side by side.

To compare current and future estimated repayments based on a different rate

  1. Enter the details of your existing home loan. If you have a redraw balance on your loan, add that amount on top of your existing loan amount. For instance if you have a loan balance of $600,000 plus a $50,000 redraw amount, enter $650,000 as your loan amount. Any redraw balance will have an effect on your estimated repayments.
  2. Choose ‘Enter my own interest rate’ and enter your current interest rate to see your approximate current repayments. (To check your current interest rate, log in to ANZ Internet Banking and click on your home loan account, or in the ANZ mobile app tap your home loan account and go to 'View home loan details’.) 
  3. Tap ‘Add a new scenario’ and either choose an ANZ rate from the drop down menu or enter your own rate to see estimated repayments based on the different rate.
  4. Compare your current and estimated new repayment for a different scenario to see the difference.
  

Questions about our refinance cashback offer?

This offer is for customers who are refinancing a loan from another financial institution to ANZ.  If you’d also like to borrow an additional amount from ANZ as part of that refinance, that additional amount will count towards the $250K minimum loan required for $2,000 cashback.

For example, if you have an existing home loan with another financial institution for $150K and want to borrow an additional $100K when you refinance to ANZ, we would consider the $100K to be new lending.

Yes, absolutely. Chat to us about our investor home loans. We’re confident you’ll find one that fits.

Yes, our fantastic broker network is here to help. Plus, they’ll help you find a great home loan to match.

Questions about income verification

PAYG (Pay as you go) income is a system of withholding income tax from an employee or contractors’ salary or wages. The payer of the income rather than the recipient of the income therefore pays the tax directly to the ATO on behalf of the employee or contractor.

Company wages occur when the applicant receives a regular and consistent wage paid through their own current Company, and does not require any business addbacks for servicing.

You might also be interested in

Article

Fixed vs variable home loans: which one may be right for you?

5 minute read

Can't decide on a type of home loan? ANZ gives you a guide to choosing between a fixed or variable home loan to suit your needs.

  

Article

How to refinance a home loan

5 minute read

Refinancing your home loan should help you find a loan that better meets your needs. Understand what’s involved with our step by step guide on how to refinance a home loan.

  

Article

Using the equity in your home

5 minute read

Equity is the difference between the value of your property and how much you owe on it. Find out how unlocking the equity in your home could open up opportunities.

  

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 conditionsProduct 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 credit approval criteria. Product terms and conditions are available on application.

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 standard 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 principal and interest rate for the remainder of the loan term (unless another interest only 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.

Where a custom fixed or interest only rate has been selected, once the fixed or interest only period expires, the loan reverts to a standard variable rate loan with principal and interest repayments. In calculating these repayments, the repayment calculator will use the standard variable rate that most closely aligns with the Loan to Value Ratio (LVR) implied by the custom rate selected.

Interest rates are current as at  and are subject to change.

ANZ Home Loans are available for periods between of at least 1 year and up to 30 years in duration.

ANZ Home Loans are available for a minimum of $20,000 for new Standard Variable and new Fixed Rate loans and $50,000 for new Simplicity PLUS home loans. 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 credit approval criteria. Terms and conditions, and fees and charges apply. Australian credit licence number 234527.

The interest rate shown includes an interest rate discount from the index rate. For ANZ Standard Variable, this discount is  for loans with a Loan to Value Ratio (LVR) of greater than 80% and  for loans with a LVR 80% or less. For ANZ Fixed, this discount is  for loans with a LVR greater than 80% and  for loans with a LVR 80% or less. 

* The 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.

LVR is the amount you're looking to borrow, calculated as a percentage of the value of the property you want to buy. Property value is ANZ's valuation of the security property and may be different to the price you pay for a property.

Offer can be withdrawn at any time. Limit of one cashback within any 12 month period. Offer is $2,000 cashback with 80.00% LVR or less, loans with LVR above 80% are not eligible for cashback. Paid within 60 days to an eligible ANZ account. You must drawdown the Eligible ANZ Home Loan(s) within 120 days from applying. See the full Terms and Conditions (PDF) for this offer. Fees, charges, eligibility criteria apply.

Return

Eligibility criteria applies to the Special Offer discount for ANZ Simplicity PLUS, including $50,000 or more in new or additional ANZ lending. Offers can be withdrawn or changed anytime.

Return

Other home loan fees including Late Payment Fee, Lock Rate Fee, Early Repayment Cost (Fixed Rate Loans) and ANZ Equity Manager facility fee still apply. Loan security fees including Lodgement Fee, Production Fee, Settlement Fee and Search Fee still apply however will not be charged on establishment of a loan. Government fees and charges (including government search fees and stamp duty) may still apply.

Return

Property value is ANZ's valuation of the security property and may be different to the price you pay for a property.

Return

The 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.

Return

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)ANZ Personal Banking General Fees and Charges (PDF) and your letter of offer.

Return

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

Return

Eligibility criteria applies. Applicants must receive PAYG income or earn income via wages paid from their own company (all other forms of self-employed income are excluded from this policy) and be refinancing their loan from another financial institution only. The loan must not require Lenders Mortgage Insurance. The current minimum repayment must be greater than or equal to the minimum principal and interest repayment for the residual term of the new loan. Maximum cash out of $50,000. There must be 12 months repayment history evident on CCR(Comprehensive Credit Reporting) for the loan being refinanced and no evidence of delinquency/hardship on any ANZ or other financial institution accounts in the past 24 months. There must be no more than 3 new credit card or personal loan products opened by the customer in the last 12 months.

Return

Interest rates shown on this page are current as at  and are subject to change. 

Return

The rate shown is the Simplicity PLUS Home Loan index less the applicable special offer discount for loans with a Loan to Value Ratio of 60% or less. 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.

Return

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.

Return

The interest rate shown includes an interest rate discount from the index rate. For ANZ Standard Variable, this discount is  for loans with a Loan to Value Ratio (LVR) of greater than 80% and  for loans with a LVR 80% or less. For ANZ Fixed, this discount is  for loans with a LVR greater than 80% and  for loans with a LVR 80% or less. 

Return

Rates 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.

Return

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

Fixed home loans aren’t for everyone and early repayment costs may apply if you repay your loan or switch to another one before the end of your fixed term or make early or additional repayments. Once the fixed rate period ends, the loan reverts to a variable rate loan and repayment amounts will change. For fixed rate interest only loans, the comparison rates are based on an initial interest only period equal in term to the fixed period. 

Return

The 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. 

Return

Rates shown apply during the interest only period of your loan. Choose from 1-5 year interest only terms for owner occupied on an ANZ Standard Variable (Land Loan up to three years) and ANZ Fixed (Land Loan up to three years) and choose from 1-5, 7 and 10 year interest only terms for residential investments on an ANZ Standard Variable (Land Loan up to one year), ANZ Fixed (Land Loan up to one year) and ANZ Simplicity PLUS. If you choose to make interest only payments on ANZ Fixed, your fixed period and interest only period will be the same. After the interest only period, your rate will switch to the applicable variable rate for a principal and interest loan. 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.

Return

ANZ 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
Top