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Home loan interest rates and offers

Explore our home loan interest rates and current home loan offers.

Find out if you could save today with discounted rates upfront on eligible loans.disclaimerNo ANZ set up or ongoing fees.disclaimer


Get in touch to see if you can get a better rate

cashback offer

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

Get $2,000 cashback when borrowing 80% or less of the property value.disclaimer

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

Learn more

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Basic variable rate

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Interest ratedisclaimer

Comparison ratedisclaimer

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

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

ANZ Simplicity Plus home loan

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

Looking for a better home loan rate?

Get in touch with us today and let’s find out if you could save with a discounted rate tailored to you.disclaimer

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Variable home loan rates

Fixed home loan rates

 

Choose a home loan that works for you

Want a home loan comparison at a glance? Compare home loan rates, features and fees side by side.

Compare home loans

Have an existing ANZ home loan?

Find your current rate

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

Find rates for products that are no longer sold

See rates for products that are no longer available here

View our latest rate change announcement following the most recent RBA cash rate change.

Home loan offers

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$3,000 bonus for first home buyers

If you're buying your first home, you could get $3,000 to spend however you like, plus support from an ANZ First Home Coach. Available to eligible first home buyers with an ANZ home loan of $250,000 or more.

Drawdown within 180 days of applying, bonus paid after settlement. Eligibility criteria and T&Cs apply.disclaimer

Learn more

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LMI waiver for eligible professionals

Do you work in a legal, medical or accounting profession? You may be eligible for an LMI waiver with your ANZ home loan.

See eligible professions

Home loan calculators

Loan to Value Ratio Calculator

You can apply for a discounted interest rate based on your Loan to Value Ratio (LVR). Higher discounts may apply if your LVR is 80% or less.

Your LVR is the amount you're looking to borrow, divided by the value of the property you want to buydisclaimerand expressed as a percentage. For instance, if you're borrowing $400,000 to buy a $500,000 property, your LVR would be 80%.

Calculate my repayments

Estimate quickly what your home loan repayments might be for a new loan, or compare current and estimated future repayments for different scenarios if you have an existing loan. For more details see how to use the loan repayment calculator.

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.

Frequently asked questions

ANZ charges interest on the money it lends to customers. That charge is called the ‘interest rate’ and is expressed as a percentage (for example, 4.00%p.a.). The interest rate you pay will depend on your loan type and features (for example, the interest rate for a customer with a variable rate loan is usually different to a customer with a fixed rate loan). There may be other fees and charges payable on your loan in addition to interest.

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.

Interest is calculated based on the unpaid daily balance of your loan. For example, if you had a loan balance of $400,000 and your interest rate was 3% p.a., your interest charge would be $400,000 x 3% divided by 365 days = $32.87 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) and your letter of offer.

Let's put it this way: if you choose an interest only home loan, the minimum payments of your home loan 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 home 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 you're actually paying off the total home loan amount over the period of the loan, not just the interest charges.

If you have a variable rate home loan or residential investment loan, interest rates may have an effect on your repayment amount. An interest rate rise may mean your required repayment amount goes up, while a fall in interest rates may result in your required repayment amount going down. If you have a fixed rate home loan, your minimum monthly required repayment will not change during the fixed period.

LVR stands for 'Loan to Value Ratio' and it's the amount you’re looking to borrow, calculated as a percentage of the value of the property you want to buy (as assessed by ANZ). For instance if you’re borrowing $400,000 to buy a $500,000 property, your LVR would be 80% (because $400,000 is 80% of $500,000).

LVR is important because it may affect your borrowing power. Generally, the lower the LVR the better, as it carries less risk for the lender. If your LVR is above 80% (that is, you're looking to borrow more than 80% of the value of the property you want to buy), you may need to pay Lenders Mortgage Insurance (LMI). This insurance protects the lender - ANZ, not you - if you default on your home loan and there’s a shortfall following the sale of the property. Generally speaking the higher your LVR, the more LMI will cost.

Learn more about ANZ LMI with our Key Fact Sheet (PDF) or read our article on Lenders Mortgage Insurance.

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

 

  

Your Loan to Value Ratio (LVR) is the amount you’re looking to borrow, calculated as a percentage of the value of the property you want to buy*. For instance if you’re borrowing $400,000 to buy a $500,000 property, your LVR would be 80% (because $400,000 is 80% of $500,000).

The calculator will show your estimated LVR rounded up to one decimal point. For instance if your estimated LVR is calculated as 80.01%, it will be rounded up to 80.1%. Having an LVR of 80% or less (and for some loans 70% or less) means you could access some of ANZ’s higher discounts, and may be able to avoid paying Lenders Mortgage Insurance (which protects the lender if you default on your loan). Learn more about ANZ Lenders Mortgage Insurance with our Key Fact Sheet (PDF).

Generally, the lower your LVR the better. This is because from the lender’s perspective, a lower LVR carries less risk. Plus, a lower LVR means you’ll have more equity in your home from the start. Find out more about LVR and what it means for your home loan.

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

   

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.
  

The index rate is a benchmark interest rate set by ANZ. ANZ offers discounts off the index rate, which are included in the interest rates shown above (based on your Loan to Value Ratio).

  

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.

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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.

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Call back time is 1-3 business days.

Apply online

 

Are you an ANZ business customer?

Learn more about our home loans for business owners, or speak to our specialists who understand self-employed income.

Request a call back

 

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.

Home loan details that matter

Feel more informed and in control of your home loan. See your interest rate, repayment amount and frequency, and other details in the ANZ App. 

Download the ANZ App now. 

   

 

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.

For ANZ Standard Variable rates the applicable discount from the index rate is 1.20% p.a. for loans with a Loan to Value Ratio (LVR) of greater than 80% and 1.40% p.a. for loans with a LVR 80% or less. Further discounts may be available on standard variable rate loans dependent on your LVR which is determined by the size of your deposit or equity position. Equity in your home is calculated as the difference between the value of your home and the amount you have left to pay on your home loan at the time the calculation is performed. Property value is ANZ's valuation of the security property and may be different to the price you pay for a property. 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.

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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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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.

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

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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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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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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.

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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. 

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Index rate current as at  and subject to change. The index rate (or reference rate) does not include any interest rate discounts that may apply.

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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.

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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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Interest only repayments are not available for new ANZ Simplicity PLUS Home Loan applications.

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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. 

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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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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.

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Offer can be withdrawn at any time. Maximum one bonus per eligible loan, individual may only claim once. Available for eligible First Home Buyers who purchase or construct their first property and take out an Eligible ANZ Home Loan of $250,000 or more. To be eligible to receive the bonus First Home Buyers must hold an ANZ Access Advantage, ANZ Plus or ANZ One offset account at loan drawdown. Drawdown on the Eligible ANZ Home Loan(s) must take place within 180 days from applying. See the full Terms and Conditions (PDF) for this offer. Fees, charges and eligibility criteria apply.

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Estimated LVR is based on the limited information provided and is for illustrative purposes only. Estimated LVR is rounded up to one decimal place. For example, an estimated LVR of 80.01% will be rounded up to 80.1%. The value of the property (as assessed by ANZ) may differ from your estimate. It does not constitute a quote or an offer for credit. To apply for an ANZ home loan you must complete an application. All applications for credit are subject to ANZ's credit approval criteria.

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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.

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