The Australian market is highly competitive, which can be seen in the difference between the variable interest rates of banks.
In addition to the major banks, there are over 100 other home loan providers in the market, offering a total of more than 500 home loan products.
If there are any changes, we will tell you and you can make a choice about how you make your repayments. For example, if interest rates go down, you can choose to do nothing and keep paying the same amount and pay off your loan quicker. Or you can choose to reduce your payment.
We will continue providing you with competitive interest rates, innovative products and flexible options to give you confidence and control over your finances.
You will be notified of any change to interest rates in the usual way which depending on your type of loan, may include a letter in the mail, information on your account statement, on anz.com, in our branches or from our Contact Centre, changes will also be advertised nationally.