ANZ Home Loans

Read on to compare some of ANZ’s key home loan interest rates and the key features they have.

brand-anz

ANZ Home Loans

ANZ – Australia and New Zealand Banking Group – is one of the oldest banks in Australia, having formed as the Bank of Australasia in 1835 in Sydney. It’s one of the five largest companies in Australia by market capitalisation and in the top four for assets under management (nearly $1 trillion). There are over 40,000 people employed by ANZ across 34 different countries.

The lender has home loans available for all sorts of people, including first home buyersrefinancers and investors. It’s mortgage products can be sorted into fixed and variable rate loans with either principal and interest or interest-only repayment options. As a large bank, it also offers a variety of car & personal loans, credit cards, savings accounts, term deposits and much more.

Compare ANZ mortgage interest rates

What home loans does ANZ offer?

ANZ has home loans available for all sorts of people, including first home buyers, refinancers and investors. Its mortgage products can be sorted into fixed and variable rate loans with either principal and interest or interest-only repayment options.

ANZ also offers a line of credit home loan and land home loans.

ANZ home loan interest rates

ANZ has a complete list of its interest rates on its website here for:

  • Standard variable home loans
  • Fixed home loans
  • Simplicity PLUS home loans
  • Equity Manager home loans

ANZ mortgage features

As one of Australia’s most popular lenders, it’s no surprise that ANZ offers a wide variety of home loan features:

  • Small deposits: This allows you to borrow up to 95% of the property’s value
  • Offset accounts: Certain products, like the ANZ Breakfree Package, come with a 100% offset account
  • Redraw facilities: ANZ also offers a fee-free redraw facility on its Simplicity Plus product
  • Package loans: ANZ allows you to open ‘packaged’ home loans that come with a variety of other products in exchange for a package fee, including credit cards and transaction accounts
  • Split loans: You can split your loan between fixed and variable to get the best of both worlds
  • Extra repayments allowed: This allows you to make both extra repayments and more frequent repayments, which can result in your loan being paid off sooner with less interest

ANZ home loan pre-approval

A home loan pre-approval can give you an idea of how much a lender will let you borrow, which can help with budgeting. ANZ offers pre-approval on the majority of its home loans and you can apply online, at a branch, or by speaking with a lending specialist. You’ll need to provide:

  • 100 points of ID (driver’s license, passport, Medicare card etc.)e
  • Proof of income and employment
  • Lists of expenses and debts
  • A dollar amount you’d like to borrow

Pre-approval is typically much quicker than a full approval but the time is dependent on your individual circumstances. ANZ pre-approval last for three months.

How to apply for an ANZ home loan

Eligibility criteria

Firstly, you need to make sure you meet ANZ’s lending criteria:

  • You are over 18 years old
  • You are an Australian or New Zealand citizen or permanent resident
  • Your primary income is in Australian dollars
  • The property being purchased is the only property to be used as security for the loan

If you meet all of these, then you have a few methods of applying for an ANZ home loan:

  1. You can apply online with ANZ
  2. You can call an ANZ specialist
  3. You can visit an ANZ branch
  4. You can contact a mortgage broker

You can also apply for home loan pre-approval with ANZ, so you know what you’re allowed to borrow before going house hunting.

Documents needed

Once you’re confident and ready to apply, you’ll need the following documents at the ready:

  • 100 points of ID (driver’s license, passport, Medicare card etc.)
  • Proof of income documents (your most recent payslips or one-year of tax returns if you’re self-employed)
  • A detailed breakdown of your living expenses
  • Details of other income (share statements, dividends, Centrelink statements, rental income etc.)
  • Details of your assets and liabilities (such as other loans and credit cards)
  • Property purchase details if you have them (contract of sale, proof of property insurance etc.)
  • Home loan statements for those refinancing
  • First Home Owner Grant documentation, if you’re using the grant towards your deposit

Considering other lenders? Compare home loans with these low-rate offers for owner occupiers:

Loading data please wait...

{{returnData.productName}}

Overview

Current Rate

{{returnData.currentRate | percentage:2}}

Comparison Rate*

{{returnData.comparisonRate | percentage:2}}

Rate Type

{{returnData.rateType}}

Advertised Rate

{{returnData.advertisedInterestRate}}

Comparison Rate*

{{returnData.comparisonRate}}

Monthly Repayment

{{returnData.monthlyRepayment}}

Interest Type

{{returnData.interestType}}

Total Interest Rate

{{returnData.totalInterestRate | percentage:2}}

Base Interest Rate

{{returnData.baseInterestRate | percentage:2}}

Bonus Interest Rate

{{returnData.bonusInterestRate | percentage:2}}

Total Interest Rate

{{returnData.totalInterestRate | percentage:2}}

Introductory Rate

{{returnData.introductoryRate | percentage:2}}

Introductory Term

{{returnData.introductoryTerm}}

Base Interest Rate

{{returnData.baseInterestRate | percentage:2}}

Term

{{returnData.term}}

Advertised Interest Rate

{{returnData.advertisedInterestRate | percentage:2}}

Interest Frequency

{{returnData.interestFrequency}}


Fees and Features

Ongoing Annualised Fee

{{returnData.annualFee}}

Upfront Fee

{{returnData.upfrontFee}}

Offset Account

Redraw

Principal & Interest

Interest Only

N/A{{returnData.interestOnly}}

Max loan to value ratio (LVR)

{{returnData.maxLVR | percentage:0}}

Lump sum repayments

N/A

Additional repayments

Maximum Loan Term

{{returnData.maximumLoanTerm}}

Upfront Fee

${{returnData.upfrontFee}}

Ongoing Monthly Fee

{{returnData.ongoingFees}}

Early Repayment Fee Applies

N/A

Vehicle Types

{{returnData.vehicleType}}

Maximum Vehicle Age

{{returnData.maximumVehicleAge}}

Pre Approval Available

N/A

Online Application

N/A

Account Keeping Fee

{{returnData.accountKeepingFee}}

Minimum Monthly Deposit

{{returnData.minMonthlyDeposit}}

Linked Account Required

N/A

Interest Calculated

{{returnData.interestCalculated}}

Interest Paid

{{returnData.interestPaid}}

Online Application

N/A

ATM

N/A

EFTPOS

N/A

Account Keeping Fee

{{returnData.accountKeepingFee}}

Minimum Monthly Deposit

{{returnData.minMonthlyDeposit}}

Linked Account Required

N/A

Interest Calculated

{{returnData.interestCalculated}}

Interest Paid

{{returnData.interestPaid}}

Online Application

N/A

ATM

N/A

EFTPOS

N/A

Minimum Deposit

{{returnData.minDeposit | currency : '$' : 0}}

Upfront Fees

{{returnData.upfrontFee | currency : '$' : 0}}

Annual Fees

{{returnData.annualFee | currency : '$' : 0}}

Notice Period to Withdraw

{{returnData.noticePeriodToWithdraw}}

Online Application

N/A

Automatic Rollover

N/A

Maturity Alert

N/A