How to manage your loan
Make the most of your loan
Understand your home loan
We try to make things easy for our customers, but home loans can sometimes get complicated. We can help.
Making the most of your ANZ Breakfree Package disclaimer
Is your home loan bundled with a credit card and everyday account? Take advantage of the great range of discounts and benefits you could get.
Make repayments
You have a number of convenient options, including adding your home loan to your internet banking profile and setting up regular repayments.
Changing your loan repayments
If you have a fixed rate loan term that’s expiring, or if you’d like to switch from a variable to fixed rate, we may be able to help.
Make extra payments
If you're not in a fixed rate term, you could add extra to each loan payment, or deposit large amounts (such as tax returns, dividends or bonuses). By doing so, you could save on interest and pay off your loan sooner.disclaimer
Consider setting up more frequent repayments
You may like to think about changing the frequency of your repayments. For example, if you make fortnightly repayments instead of monthly repayments, you'll be reducing your total interest charges.
Save on interest payable with an offset account
If you have an eligible loan (such as an ANZ Standard Variable loan or a one-year ANZ Fixed loan), you can link an ANZ One offset accountdisclaimer to it. The more money you have in your linked offset account, the less interest you'll need to pay on your home loan.
Repay principal and interest
If you're looking to pay off the total amount of your home loan rather than just the interest, then switching from interest-only to principal and interest is something you could consider.
Redraw your extra repayments if you need to
ANZ Redraw could let you access extra payments you've made to an eligible loan account when you need to.4 You can easily access your redraw funds via ANZ Internet Banking and other convenient ways.
Using equity to build wealth through property investment
Unlocking the equity in your home could be an option if you were thinking about purchasing an investment property, as it could help with a deposit for that purchase. Investors may be able to negatively gear their property investments depending on their personal circumstances.5
Increase your home loan
If you find that your financial circumstances have changed and you need additional funds, you could have options such as applying for a top-up or supplementary loan. Just contact one of our home loan specialists to discuss your options.
Get the flexibility of a split loan: if you want the benefits of a variable rate home as well as the certainty of a fixed rate home loan, you could get the best of both worlds by splitting your loan.
Having trouble with repayments? We realise that financial circumstances change, and we’ll try our best to help if you’re facing problems with your loan repayments.
Ask for a Repayment Holidaydisclaimer:
If you are eligible, a Repayment Holiday enables you to take a break from your loan repayments by putting these repayments on hold for up to three monthsdisclaimer. At the end of this period, the repayment amount is increased to ensure that you repay the loan in full within the agreed term. You can also choose to repay the Repayment Holiday in a lump sum at the end of the repayment holiday period. To find out if your loan is eligible for a Repayment Holiday, call 1800 092 536.
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. ANZ recommends you read the Terms and Conditions and Product Disclosure Statement, which are available at anz.com or by calling 13 13 14, before deciding whether to acquire, or continue to hold, the 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.
Back to topFor ANZ Fixed Rate loans, you can make early or additional repayments up to a set available tolerance amount (the lesser of 5% of the loan amount at the start of the current fixed rate period or $5,000) each year of the fixed rate period, without triggering an Early Repayment Cost. An Early Repayment Cost may be incurred if, during the fixed rate period, the available tolerance amount is exceeded, the loan is fully repaid or refinanced, or ANZ agrees to change the interest rate at your request. Please be aware that Early Repayment Costs can be very large. Terms and Conditions apply please refer to the ANZ Consumer Lending Terms and Conditions (PDF 296kB) and ANZ Fixed Rate Loans - What happens if you repay some or all of it early? (PDF 140kB). Alternatively please visit any ANZ branch or phone the Home Loan Hotline on 1800 100 641, 8:00am to 8:00pm (AEST), Monday to Friday, 8:00am to 6:00pm (AEST) Saturdays and Sundays.
Back to topTerms and Conditions, fees and charges apply. Refer to ANZ Personal Account Fees and Charges booklet (PDF 139kB).
Back to topTerms 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).
Back to topANZ does not provide tax advice. You should discuss the tax implications of any investment strategy with your tax adviser or registered tax agent before deciding to proceed.
Back to topApproval is at ANZ’s discretion. See the ANZ Consumer Lending Terms and Conditions (PDF 412kB) for eligibility criteria. Interest on the amount of principal outstanding will continue to accumulate during the repayment holiday period.
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