The Australia and New Zealand Banking Corporation, usually known as ANZ, is one of the oldest banks in the nation, formed as the Bank of Australasia in Sydney in 1835 . In 2025, ANZ is one of the 'big four' that dominate banking in Australia, along with Commonwealth Bank, Westpac and NAB.

ANZ Home Loans

As of February 2025, ANZ is the fourth largest home loan lender with over $205 billion worth of owner occupier home loans and $102 billion of investor home loans. As you'd expect, that means it caters to a wide range of borrowers.

Variable rates

For both owner occupiers and investors ANZ has two variable-rate products - the Standard Variable and the Simplicity PLUS home loan. The Standard Variable home loan is billed as its 'most flexible' home loan, and includes the option to add an offset account for a $10 monthly fee. The Simplicity Plus home loan is ANZ's 'no frills' offering so doesn't include many extra features - but the rate on this product is significantly lower than the Standard Variable rate.

Fixed rates

ANZ offers fixed-rate home loans for both owner occupiers and investors. It offers loans fixed for terms of one to five years like most lenders, but also has seven and ten year terms available.

As of February 2025, fixed rates at ANZ are lower than variable rates given expectations of forthcoming cash rate cuts. In general, when it's expected that rates will go down, fixed rates are lower than variable, while the reverse is true when the cash rate looks to be heading north.

Other home loans

ANZ offers:

See some of ANZ's home loans for owner occupiers and investors in the table below:

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LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees Max LVR Lump Sum Repayment Additional Repayments Split Loan Option TagsRow TagsFeaturesLinkComparePromoted ProductDisclosure
5.74% p.a.
6.63% p.a.
$2,915
Principal & Interest
Fixed
$null
$null
80%
5.74% p.a.
6.74% p.a.
$2,915
Principal & Interest
Fixed
$null
$null
80%
5.89% p.a.
6.66% p.a.
$2,962
Principal & Interest
Fixed
$null
$null
80%
5.89% p.a.
6.59% p.a.
$2,962
Principal & Interest
Fixed
$null
$null
80%
5.94% p.a.
7.11% p.a.
$2,978
Principal & Interest
Fixed
$0
$160
80%
5.94% p.a.
7.45% p.a.
$2,978
Principal & Interest
Fixed
$0
$160
80%
5.94% p.a.
7.26% p.a.
$2,978
Principal & Interest
Fixed
$0
$160
80%
5.94% p.a.
7.28% p.a.
$2,978
Principal & Interest
Fixed
$0
$160
80%
5.99% p.a.
6.55% p.a.
$2,995
Principal & Interest
Fixed
$null
$null
80%
5.99% p.a.
7.00% p.a.
$2,995
Principal & Interest
Fixed
$0
$160
80%
More home loans
Important Information and Comparison Rate Warning

Rates correct as of . View disclaimer.

Important Information and Comparison Rate Warning

ANZ Plus Home Loans

As well as its standard range, ANZ also offers home loans through the ANZ Plus app. These loans are only available through the app and typical of online-only home loans, rates tend to be lower than the standard range. As of February 7, the standard variable rate at ANZ is 7.24% p.a. (7.24% p.a. comparison rate*), while the ANZ Plus variable rate is 6.09% p.a. (6.10% p.a comparison rate).

What makes ANZ home loans different?

Ten year fixed rates

Five years is the maximum fixed term available at most Australian lenders. ANZ is notable in that it also offers seven and ten year fixed terms for certain borrowers. These longer terms tend to have higher rates to compensate for increased risk, but are virtually unique products in Australia

Read more: Which lenders offer long term fixed rates?

Cashback offer

ANZ currently offers $2,000 cashback to eligible borrowers who refinance their existing home loan over. The offer is available for both owner occupiers or investors with an LVR above 80% and a loan of $250,000 or more.

First home buyer offers

For first home buyers (including recipients of local government first home buyer concessions), the cashback offer at ANZ is even more generous. For first home buyers borrowing $250,000 or more, ANZ has a $3,000 bonus that can be either deducted immediately from the outstanding loan or given as cash.

ANZ home loans review

George Samios, Founder and broker at Madd Home Loans, told Savings.com.au what he likes and doesn't like about ANZ home loans.

Pros of ANZ home loans

  • Good choice for self employed borrowers

"ANZ is a very good bank for self employed people…it's one of the only banks that will look at one year [of financials] in isolation. That makes a big difference for customers who are self employed."

"[Other banks] will do a guarantor loan, but they'll need your mum and dad to be with that bank. Let's say your parents bank with ING, but you go to Bankwest, they'll say 'yeah we can help you and you can go guarantor, but we're going to get your parents moved from ING to Bankwest'. ANZ allows parents to be with any bank they want."

  • Cashback offer

"ANZ are the only bank out of the majors at the moment still doing a cashback for refinancers".

Cons of choosing ANZ for your home loan

  • Post settlement

"One of the biggest [downsides] to ANZ is the post settlement service. Feedback wise we don't hear many great things, they're pretty slow."

  • Slower turnaround time

"The turnaround time is advertised as two to three days, but the catch is that with every other bank, it could be two days for the bank to pick up the file and assess it, but once it's picked up it will be staying inside like a 24 hour time frame…with ANZ, it could be two days before they pick it up, but if they ask for something and you send it back, it then goes back into the queue for another three days."

Rsz_1george_samios_pic.jpg

-George Samios, broker at Madd.com.au

First published on February 2022

Photo from ANZ Media



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