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Changes to your loan repayments

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

I have an ANZ fixed rate home loan

1. Move to a Variable rate loan

Once your fixed rate period ends, you will automatically roll onto a variable rate unless you choose otherwise. The benefits of choosing a variable rate include:

  • Redrawdisclaimer – Once you’re on a variable rate, if you make additional repayments, you can access those funds using ANZ Redraw.  
  • ANZ Onedisclaimer offset account  – The money you have in this account could offset the amount you owe on your home loan and you'll only be charged interest on the difference.
  • Pay off your loan faster – No extra fees for making additional repayments whenever you can.

However, it’s worth noting that rates can move up (or down) over the life of your loan. Consider whether you can afford higher loan repayments if interest rates go up.

2. Refix

You can apply to refix for 1 to 5, 7 or 10 year terms. Terms and conditions and fees and charges apply. Some benefits of a fixed rate include:

  • Budgeting – Because your interest rate is fixed, you'll know exactly how much your loan repayments will be during the fixed rate period. That means you can budget accordingly.
  • Rate changes – If interest rates rise during your fixed period, your interest rate will not be impacted until your fixed rate period expires.

However, with a fixed rate loan, you need to know that if you repay the loan or switch to another one before the end of your fixed term, or make early or additional repayments, you may have to pay an Early Repayment Cost (PDF) (which may be very large).

Find out more on what happens if you repay some or all of your repayments early.

ANZ Fixed Rate Loans - What happens if you repay some or all of it early? (PDF)

Fixed rate period ending

Fixed-rate loans allow you to fix a specific interest rate for your loan for a set period of time.

At the end of that period, the fixed rate expires.

ANZ will contact you close to the expiry date to remind you that your fixed rate period is coming to an end, that you are being moved to a variable rate loan, and what your new repayments will be.

It's important to remember when you move to a variable rate, your repayments will cover principal and interest.

If you like the certainty of knowing what your repayments are each month and want to refix your loan, you can apply for a one- to five-, seven- or ten-year fixed term.

So speak to your lender broker or call ANZ.

Refixing your loan rate requires ANZ's agreement and is not guaranteed.

So what about your repayment schedule once your fixed loan expires?

Remember that moving to a variable rate loan, means the interest rate applied to your loan can change from time to time.

Your repayment schedule will be adjusted automatically, so please make sure you have enough funds to cover your new repayments.

If you have set up a direct loan payment, this will be automatically adjusted if it does not meet the minimum repayment amount.

If you have set up your own regular repayments, you will need to adjust these to meet the new repayment amount.

For more information contact us at ANZ.

I have an ANZ variable rate home loan

If you have a variable rate loan, changes to interest rates may have an effect on your repayment amount.

Want to change from a variable to a fixed rate?

If you're looking to make a change to your variable rate home loan, we may be able to help. Contact us to explore your options. You can also check out our ANZ fixed rates.

If you're considering changing from a variable rate to fixed, keep in mind that with a fixed rate loan, if you repay the loan or switch to another one before the end of your fixed term, or make early or additional repayments, you may have to pay an Early Repayment Cost (PDF) (which may be very large).

ANZ Fixed Rate Loans - What happens if you repay some or all of it early? (PDF)

Want to switch repayment type?

Choose a variable rate if you: 

  • Want to make extra or early repayments on your loan 
  • Might need to redraw your money 
  • Don’t mind interest rates changing

Choose a fixed rate if you: 

  • Prefer certainty in your repayments 
  • Want to fix your interest rate for a set amount of time
  • Need to set a budget and stick to it

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.

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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.

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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.

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 or by calling 13 13 14, before deciding whether to acquire, or continue to hold, the product.

Terms 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).


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.


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.