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Important changes to your Breakfree Package

As part of redesigning and simplifying our home loans, the Breakfree Package will no longer be sold from 19 March 2022 and will be discontinued on or about 10 September 2022.

From this date, your existing package benefits will cease to apply and your home loan will move to a simpler fee structure where you'll only pay for the features you choose to use. 

We're bringing you simpler home loans

We’ve been talking to our customers about what they prefer most in a home loan. They’ve told us it’s simplicity. That’s why we decided to discontinue the Breakfree Package and redesign our home loans to be simpler.

Keep your rate discount, forget the package fee

Even after the Breakfree Package is discontinued, you'll keep your current interest rate discount, without needing to pay an annual package fee (it just won't be a Breakfree benefit anymore). Same rate discount, no package fee. Nice.

Take control with optional add-ons

Don't use it? Don't pay for it. You'll pay only for the features you choose to use, like an optional offset account to help save on interest for $10 a month.disclaimer

Free your mind from ongoing fees

With our simpler home loans you won't pay any ANZ set up or ongoing fees.disclaimer

What this means for your Breakfree Package

You can keep your current Breakfree Package until 10 September 2022.

Breakfree benefits will continue to apply to all products linked to your package until 10 September 2022. From this date the package will be discontinued and the Breakfree benefits on your linked products will cease to apply. Your home loan will be moved onto our new fee structure, with no ANZ set up or ongoing fees.disclaimer

You'll keep your current interest rate discount

Even after the Breakfree Package is discontinued, you'll receive the same home loan interest rate discount you're currently receiving under the package (it just won't be a Breakfree benefit anymore). Remember variable rates can change at any time.

We'll waive your annual package fee

Your annual $395 Breakfree Package fee will be waived if it falls due from 12 February 2022. If your $395 package fee fell due on or after 9 September 2021 and you have already paid it, we'll refund the fee paid and send you a confirmation notice once this refund is processed.

Credit card fee waiver will no longer apply

If you have a credit card linked to your Breakfree Package, you currently receive a waiver for the annual credit card account fee and any additional card holder fee on this card. Once the package is discontinued, these waivers will cease to apply. We’ll be in touch closer to the time to advise you of your credit card annual account fee and any additional card holder fee (if applicable).

See our current annual credit card fees

Keep your benefits on eligible linked products

If you currently receive a monthly account servicing fee waiver on your Access Advantage account, a discount on your Home, Car or Landlord insurance first year premium, or a discount on your Home Loan Protection or Mortgage Protection insurance, these benefits will continue to apply until advised otherwise (just not as a Breakfree benefit).disclaimer

Review any time

You can review your existing home loan any time.disclaimer Our new simple fee structure applies to all home loan applications or renewals submitted on and from 19 March 2022.  If you make changes to your home loan between 19 March and 10 September 2022 it will be moved onto the new fee structure.disclaimer

You can also request a free ANZ home loan check in.

 

 

Freedom from ongoing home loan fees

Fee freedom. Sounds good, doesn't it? 

With our new simple fee structure you'll only pay for the features you choose to use, and you won't be charged any ANZ set up or ongoing fees.disclaimerThe new fee structure applies to all home loan applications or renewals submitted on and from 19 March 2022. Existing home loans will be moved to the new structure on or about 10 September 2022.

There are a couple of fees that will still apply. We know clarity matters, so here's a breakdown of the fees that will and won't apply to your home loan once it's moved to the new structure.

 

You don't need to do a thing

On or about 10 September 2022 all existing ANZ home loans (whether they’re part of a Breakfree Package or not) will be moved onto our new simple fee structure. We'll get in touch to provide you with further information closer to this time.

Your questions answered

Your interest rate is made up of the applicable ANZ interest rate and any interest rate discount.

You'll receive the same home loan interest rate discount you're currently receiving under the package (it just won't be a Breakfree benefit anymore). So there'll be no change to the interest rate discount you're currently receiving.

Remember, variable rates are subject to change and may go up or down as ANZ regularly review interest rates to ensure they reflect current market conditions.

All other interest rate terms per your letter of offer continue to apply.

As a Breakfree Package holder, each year on your package anniversary date you're charged an annual package fee of $395. If your package anniversary date is on or after 12 February 2022, your package fee will be waived and you will not be charged the fee. If your $395 package fee fell due on or after 9 September 2021 and you've already paid it, we'll refund the fee paid and notify you once this refund is complete. 

If you have a credit card linked to your ANZ Breakfree Package, you currently receive a waiver for the annual credit card account fee and any additional card holder fee on this card. Once the package is discontinued, these waivers will cease to apply. You’ll be charged your annual credit card fee and any additional cardholder fee on the next anniversary of the date you opened the card.

Your ANZ credit card number will stay the same and you’ll still have access to all the great benefits and features of an ANZ credit card.

If you’re considering a different ANZ credit card, looking to update your details or change your PIN, you can manage your card here.

If you'd like to discuss your credit card situation in more detail please contact us.

 

An offset account can be a good way to reduce the interest charged on your home loan, while also giving you access to your money whenever you need it.

The account servicing fee for an ANZ One offset account is $10 per month per account. If you're a Breakfree Package holder currently receiving a fee waiver on your offset account, from 10 September 2022 this waiver will no longer apply. If you'd like more information on your offset account, contact us to talk through your options.

Your current loan details including your account numbers will remain the same. Any direct payments made to your home loan will also continue.

Similarly, the account numbers will remain the same for any credit cards or transaction accounts that are linked to your Breakfree Package. Any payments you’ve set up on these accounts will also continue.

After the Breakfree Package is discontinued, all ANZ products will no longer be eligible to be linked to the package. The Breakfree Package benefits you're receiving on products under the package, including any fee waivers on your offset account or credit card, will cease to apply.

If you're currently receiving a waiver on your ANZ Access Advantage monthly account servicing fee, this waiver will continue to apply until advised otherwise. If you're currently receiving a discount on your Home, Landlord or Car first year insurance premium, this will continue until your next policy renew date. And if you're currently receiving a discount on your ANZ Mortgage Protection or ANZ Home Loan Protection insurance policy, this will continue until advised otherwise. These waivers and benefits will no longer be applied as a Breakfree benefit.

Package holders who would like to buy a new insurance policy, or use an ANZ Financial Planner from 10 September 2022, will not have Breakfree Package discounts applied.

ANZ is moving to a simple home loan structure and will no longer offer a home loan package, which typically includes a credit card and a transaction account for an annual fee. You can still take up any of these other great ANZ products, however they will no longer be bundled together with our home loan products.

You can review your loan at any time. Our new simple structure applies to all home loan applications or renewals submitted on and from 19 March 2022. If you make any changes to your existing loan on or after 19 March 2022, it will be moved onto the new fee structure. You'll keep your Breakfree benefits on products linked to the package until on or about 10 September 2022.

If you make changes to your loan you will be subject to the ANZ terms including other applicable fees and charges.  For example, if you renegotiate your loan during a fixed period, you may incur an early repayment cost which may be substantial. See more information on early repayment costs (PDF, 168kB).

All home loan applications that have been submitted prior to 19 March 2022 will be able to continue for the products within the application (including any application for a new Breakfree Package).

To continue with the products and structure of the application, the below dates must be met:    

  • Letter of offer issued prior to 4 June 2022; and
  • Settled home loan with us prior to 3 August 2022

If you have not had your letter of offer issued prior to 4 June 2022, or the loan settles on or after 3 August 2022, the application will be moved onto the new fee structure in order to proceed.  If this applies to you, we'll get in touch to provide you with further information closer to this time.

 

Any home loan applications submitted on and from 19 March 2022 will be for our new home loan structure, where there are no ANZ setup or ongoing home loan fees.disclaimer If you don't already have a Breakfree Package, you won't be able to submit an application for a new package from this date.

No, there will be no changes to your fixed home loan rate during your current fixed rate term. At the end of the fixed rate period your fixed home loan will revert to a variable rate, including any applicable interest rate discounts.

Yes, you'll keep the same home loan product that you have now. We'll contact you if there are any further changes to your existing home loan product.

Managing your existing Breakfree Package

You can continue to use your Breakfree Package as normal until it's discontinued on or about 10 September 2022. This means you can link new products or delink existing products from the package as normal and the relevant benefits will be applied or removed accordingly.

Your existing Breakfree benefits include

  • Interest rate discounts on eligible loan accountsdisclaimer
  • Fee waivers on eligible loan accountsdisclaimer
  • Monthly account service fee waived on one eligible transaction account (which includes ANZ Access Advantage and ANZ One offset accounts)
  • Annual account fee and additional cardholder fee waived on one eligible ANZ credit carddisclaimer
  • Discount available on the first year's premium for ANZ Home, Landlord and Car Insurancedisclaimer

Home loan interest rates under the Breakfree Package

These are the interest rates that apply for home loans linked to a Breakfree Package. For all interest rates, see our home loan rates and offers

To check the current interest rate on your existing home loan, log in to ANZ Internet Banking or the ANZ mobile app.

 

ANZ Standard Variable Home Loan - with Breakfree interest rate discounts while you're a package holderdisclaimer

Important notice: Interest only no longer available when borrowing more than 80% of the property valuedisclaimer

 

ANZ Standard Variable home loan rates with ANZ Breakfree package
Total Mortgage Lending amountdisclaimer Principal & Interest - Interest rate Principal & Interest - Comparison ratedisclaimer Interest only - Interest ratedisclaimer Interest only - Comparison ratedisclaimer

$150,000 plus

ANZ Standard Variable Home Loan - with Breakfree interest rate discounts while you're a package holderdisclaimer

Borrowing 80% or less of the property valuedisclaimer

ANZ Standard Variable home loan rates with ANZ Breakfree package current special offer borrowing 80 percent or less
Total Mortgage Lending amountdisclaimer Principal & Interest - Interest rate Principal & Interest - Comparison ratedisclaimer Interest only - Interest ratedisclaimer Interest only - Comparison ratedisclaimer

$150,000 plus

 

ANZ Standard Variable Residential Investment Loan - with Breakfree interest rate discounts while you're a package holderdisclaimer

ANZ Standard Variable residential investment loan rates with ANZ Breakfree package
Total Mortgage Lending amountdisclaimer Principal & Interest - Interest rate Principal & Interest - Comparison ratedisclaimer Interest only - Interest ratedisclaimer Interest only - Comparison ratedisclaimer

$150,000 plus

ANZ Standard Variable Residential Investment Loan - with Breakfree interest rate discounts while you're a package holderdisclaimer

Borrowing 80% or less of the property valuedisclaimer

ANZ Standard Variable residential investment rates with ANZ Breakfree package current special offer borrowing 80 percent or less
Total Mortgage Lending amountdisclaimer Principal & Interest - Interest rate Principal & Interest - Comparison ratedisclaimer Interest only - Interest ratedisclaimer Interest only - Comparison ratedisclaimer

$150,000 plus

Annual package fee of $395 will be waived if it falls due from 12 February 2022 as the ANZ Breakfree Package will be discontinued on or about 10 September 2022 and Breakfree benefits will cease to apply. The ANZ Breakfree Package is not longer available for sale. Discounts vary based on lending amounts Loan to Value Ratio requirements and other eligibility criteria. Terms and conditions, minimum lending requirements and eligibility criteria applydisclaimer.

For existing Breakfree Package customers, if you renegotiate or take out an additional ANZ home loan account on and from 19 March to 10 September 2022 and link it to your existing Breakfree Package, you will receive an interest rate discount under the Breakfree Package. No further interest rate discounts will apply.

ANZ Fixed Home Loan - with Breakfree interest rate discounts while you're a package holderdisclaimer

ANZ Fixed home loan rates with ANZ Breakfree package
Loan term Principal & Interest - Interest rate Principal & Interest - Comparison ratedisclaimer Interest only - Interest rate Interest only - Comparison ratedisclaimer

1-year Fixed

2-year Fixed

3-year Fixed

4-year Fixed

5-year Fixed

7-year Fixed

10-year Fixed

Annual package fee of $395 will be waived if it falls due from 12 February 2022 as the ANZ Breakfree Package will be discontinued on or about 10 September 2022 and Breakfree benefits will cease to apply. The ANZ Breakfree Package is no longer availabe for sale. Discounts vary based on lending amounts Loan to Value Ratio requirements and other eligibility criteria. Terms and conditions, minimum lending requirements and eligibility criteria apply.disclaimer 

For existing Breakfree Package customers, if you renegotiate or take out an additional ANZ home loan account on and from 19 March to 10 September 2022 and link it to your existing Breakfree Package, you will receive an interest rate discount under the Breakfree Package. No further interest rate discounts will apply.

ANZ Fixed Home Loan - with Breakfree interest rate discounts while you're a package holderdisclaimer

Discounted rates when borrowing 80% or less of the property valuedisclaimer

ANZ Fixed home loan rates with ANZ Breakfree package
Loan term Principal & Interest - Interest rate Principal & Interest - Comparison ratedisclaimer Interest only - Interest rate Interest only - Comparison ratedisclaimer

1-year Fixed

2-year Fixed

3-year Fixed

4-year Fixed

5-year Fixed

7-year Fixed

10-year Fixed

Annual package fee of $395 will be waived if it falls due from 12 February 2022 as the ANZ Breakfree Package will be discontinued on or about 10 September 2022 and Breakfree benefits will cease to apply. The ANZ Breakfree Package is no longer availabe for sale. Discounts vary based on lending amounts Loan to Value Ratio requirements and other eligibility criteria. Terms and conditions, minimum lending requirements and eligibility criteria apply.disclaimer 

For existing Breakfree Package customers, if you renegotiate or take out an additional ANZ home loan account on and from 19 March to 10 September 2022 and link it to your existing Breakfree Package, you will receive an interest rate discount under the Breakfree Package. No further interest rate discounts will apply.

ANZ Fixed Residential Investment Loan - with Breakfree interest rate discounts while you're a package holderdisclaimer

ANZ Fixed residential investment rates with ANZ Breakfree package
Loan term Principal & Interest - Interest rate Principal & Interest - Comparison ratedisclaimer Interest only - Interest rate Interest only - Comparison ratedisclaimer

1-year Fixed

2-year Fixed

3-year Fixed

4-year Fixed

5-year Fixed

7-year Fixed

10-year Fixed

Annual package fee of $395 will be waived if it falls due from 12 February 2022 as the ANZ Breakfree Package will be discontinued on or about 10 September 2022 and Breakfree benefits will cease to apply. The ANZ Breakfree Package is no longer availabe for sale. Discounts vary based on lending amounts Loan to Value Ratio requirements and other eligibility criteria. Terms and conditions, minimum lending requirements and eligibility criteria apply.disclaimer 

For existing Breakfree Package customers, if you renegotiate or take out an additional ANZ home loan account on and from 19 March to 10 September 2022 and link it to your existing Breakfree Package, you will receive an interest rate discount under the Breakfree Package. No further interest rate discounts will apply.

ANZ Fixed Residential Investment Loan - with Breakfree interest rate discounts while you're a package holderdisclaimer

Discounted rates when borrowing 80% or less of the property valuedisclaimer

ANZ Fixed residential investment rates with ANZ Breakfree package
Loan term Principal & Interest - Interest rate Principal & Interest - Comparison ratedisclaimer Interest only - Interest rate Interest only - Comparison ratedisclaimer

1-year Fixed

2-year Fixed

3-year Fixed

4-year Fixed

5-year Fixed

7-year Fixed

10-year Fixed

Annual package fee of $395 will be waived if it falls due from 12 February 2022 as the ANZ Breakfree Package will be discontinued on or about 10 September 2022 and Breakfree benefits will cease to apply. The ANZ Breakfree Package is no longer availabe for sale. Discounts vary based on lending amounts Loan to Value Ratio requirements and other eligibility criteria. Terms and conditions, minimum lending requirements and eligibility criteria apply.disclaimer 

For existing Breakfree Package customers, if you renegotiate or take out an additional ANZ home loan account on and from 19 March to 10 September 2022 and link it to your existing Breakfree Package, you will receive an interest rate discount under the Breakfree Package. No further interest rate discounts will apply.

ANZ Interest in Advance Loan - with Breakfree interest rate discounts while you're a package holderdisclaimer

ANZ Fixed residential investment rates with ANZ Breakfree package
Loan term Interest rate Comparison ratedisclaimer

1-year Fixed

2-year Fixed

3-year Fixed

4-year Fixed

5-year Fixed

7-year Fixed

10-year Fixed

Annual package fee of $395 will be waived if it falls due from 12 February 2022 as the ANZ Breakfree Package will be discontinued on or about 10 September 2022 and Breakfree benefits will cease to apply. The ANZ Breakfree Package is no longer availabe for sale. Discounts vary based on lending amounts Loan to Value Ratio requirements and other eligibility criteria. Terms and conditions, minimum lending requirements and eligibility criteria apply.disclaimer 

For existing Breakfree Package customers, if you renegotiate or take out an additional ANZ home loan account on and from 19 March to 10 September 2022 and link it to your existing Breakfree Package, you will receive an interest rate discount under the Breakfree Package. No further interest rate discounts will apply.

 

ANZ Interest in Advance Loan - with Breakfree interest rate discounts while you're a package holderdisclaimer

Discounted rates when borrowing 80% or less of the property valuedisclaimer

ANZ Fixed residential investment rates with ANZ Breakfree package
Loan term Interest rate Comparison ratedisclaimer

1-year Fixed

2-year Fixed

3-year Fixed

4-year Fixed

5-year Fixed

7-year Fixed

10-year Fixed

Annual package fee of $395 will be waived if it falls due from 12 February 2022 as the ANZ Breakfree Package will be discontinued on or about 10 September 2022 and Breakfree benefits will cease to apply. The ANZ Breakfree Package is no longer availabe for sale. Discounts vary based on lending amounts Loan to Value Ratio requirements and other eligibility criteria. Terms and conditions, minimum lending requirements and eligibility criteria apply.disclaimer 

For existing Breakfree Package customers, if you renegotiate or take out an additional ANZ home loan account on and from 19 March to 10 September 2022 and link it to your existing Breakfree Package, you will receive an interest rate discount under the Breakfree Package. No further interest rate discounts will apply.

 

ANZ Breakfree package interest rate discountsdisclaimer

For existing Breakfree Package customers, if you renegotiate or take out an additional ANZ home loan account on and from 19 March to 10 September 2022 and link it to your existing Breakfree Package, you will receive an interest rate discount under the Breakfree Package. No further interest rate discounts will apply.

Borrowing 80% or less of the property valuedisclaimer

ANZ Standard Variable home loan rates with ANZ Breakfree package current special offer borrowing 80 percent or less
Total Mortgage Lending amountdisclaimer ANZ Standard Variable discount ANZ Fixed discount    

$150,000 plus

1.40% p.a.

0.15% p.a.

 

 

 

Borrowing more than 80% of the property valuedisclaimer

ANZ Standard Variable home loan rates with ANZ Breakfree package current special offer borrowing 80 percent or less
Total Mortgage Lending amountdisclaimer ANZ Standard Variable discount ANZ Fixed discount    

$150,000 plus

1.20% p.a.

0.15% p.a.

 

 

 

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

If you already have an offset account linked to your home loan and Breakfree Package, it will continue to be linked to your home loan and the monthly $10 fee will apply to that account from about 10 September 2022 (we will advise the exact dates closer to the time).

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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.

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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). 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, 107kB) and the relevant ANZ Home insurance Product Disclosure Statement and Policy (PDF 548kB)ANZ Landlord Insurance Product Disclosure Statement and Policy (PDF 760kB)ANZ Car Insurance Product Disclosure Statement and Policy (PDF 463kB), 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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If you have a fixed rate home loan, early repayment costs may apply if you make early or additional repayments, switch to another loan or repay your loan before the end of your fixed term.

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For existing Breakfree Package customers, if you renegotiate or take out an additional ANZ home loan account on and from 19 March to 10 September 2022 and link it to your existing Breakfree Package, you will receive an interest rate discount under the Breakfree Package. No further interest rate discounts will apply.

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Product no longer available for sale.

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Applicable to existing Equity Manager Accounts only.

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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.

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Interest rate discounts apply to eligible loan accounts linked to the ANZ Breakfree Package which meet minimum lending requirements (total mortgage lending must be at least $150,000) and apply while you hold a package and your loan remains linked to your ANZ Breakfree Package. Annual package fee of $395 will be waived if it falls due from 12 February 2022 as the ANZ Breakfree Package will be discontinued on or about 10 September 2022 and Breakfree benefits will cease to apply. On and from 19 March 2022, the ANZ Breakfree Package will no longer be available for sale.

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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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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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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.

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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.

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