ANZ Breakfree home loan package

ANZ Breakfree Package gives you more. 

Comparing banking products can be confusing and time consuming. ANZ Breakfree Package takes the hassle out of getting a better deal by putting your home loan, everyday and credit card accounts into one simple bundle.

Not only has ANZ been named Home Lender of the Year 11 times*, we’ve been recognised as Mortgage Lender of the Year and Best Investor Lender at the Australian Lending Awards** based on a survey of 6,000 customers and 500 independent brokers around Australia. So why spend hours searching for the right lender when independent experts have done the work for you?

To find the home loan that best suits your needs, call our dedicated home loan experts on 1800 461 447, come into any branch or have our mobile lenders^ come to you.

Telephone icon Call us now 1800 461 447

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Important Information

Eligibility criteria apply in order to obtain membership of ANZ Breakfree.

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 that you read the Terms and Conditions and the Financial Services Guide before acquiring any product. 

It is important to consider the following with ANZ Breakfree:

  1. Refer to the ANZ Breakfree Terms and Conditions for further details and eligibility requirements.
  2. Whilst there are no hidden or monthly ANZ account services fees on ANZ Access Advantage or ANZ One offset facility, non-ANZ ATM fees still apply.
  3. The Rewards Program Services Fee will still apply on applicable credit card accounts.
  4. ANZ Offset accounts can only be linked to certain loan types. Visit the ANZ Offset account page for further information.
  5. This web content 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 applicable Product Disclosure Statement, policy document, or terms and conditions, which are available by calling 13 13 14, TTY 1300 366 255 or visiting your local ANZ branch before acquiring a product.

Insurance

ANZ Home Insurance, ANZ Landlord Insurance and ANZ Car Insurance are co-issued by OnePath General Insurance Pty Limited ABN 56 072 892 365 AFSL 288160 (OnePath GI) and QBE Insurance (Australia) Limited ABN 78 003 191 035 AFSL 239545 (QBE).

ANZ Health Insurance is issued by BUPA Australia Health Pty Ltd. ABN 50 003 098 655, a Registered Health Benefits organisation.

ANZ Mortgage Protection is issued by OnePath Life Limited ABN 33 009 657 176 (OnePath Life) and QBE Insurance (Australia) Limited ABN 78 003 191 035 (QBE). OnePath Life insures the Life benefit; QBE insures the Disability benefit. OnePath Life is a wholly owned subsidiary of OnePath Australia Limited, ABN 60 000 000 779 (OnePath), which is wholly owned by ANZ.

In arranging these insurances, ANZ is acting under an authority given to it by the insurers and in doing so is acting on behalf of the insurers and not as your agent. ANZ and its related corporations do not accept any liability for, or guarantee benefits, in respect of these insurance products except that OnePath Life guarantees payment of any life benefits specifically provided for under ANZ Mortgage Protection.

For the purposes of calculating discounts on ANZ Car Insurance, bank and government charges may be excluded in calculating the amount of premiums.

Other notices

ANZ Financial Planners are representatives of Australia and New Zealand Banking Group Limited ABN 11 005 357 522, the holder of an Australian Financial Services Licence.

Information on this webpage does not form part of the Terms and Conditions of any loans or other facilities. ANZ Breakfree Benefits are not available in conjunction with any other special offers or discounts.

You can begin with the following three specific ANZ products with the flexibility to add more at any time, so you can start enjoying a host of benefits and savings:
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  • an ANZ Home or Residential Investment Loan
  • an ANZ Everyday Banking account
  • an ANZ Credit Card account.

One of our dedicated home loan experts will help you build the right package to suit your needs.

How much could I save with ANZ Breakfree?
Here is an example of the savings you could enjoy with an ANZ Breakfree package. What you actually save will depend on your specific package.
Benefit Saving (year one) Saving (year two onwards)
0.60% p.a discount on $250,000 ANZ Standard Variable Rate Home Loan $1,500 $1,500
No loan approval fee on an ANZ Standard Variable Rate Home Loan $600  
No monthly loan administration charge on an ANZ Standard Variable Rate Home Loan $60 $60
No monthly account service fee on an ANZ One offset account^ $120 $120
No annual account fee on an ANZ Frequent Flyer Platinum credit card $240 $240
Saving $2,520 $1,920
Less ANZ Breakfree annual fee -$375 -$375 p.a
Total saving $2,145 $1,545

This table provides examples of savings which could be obtained on a particular mix of ANZ products under the ANZ Breakfree package. This example is for illustrative purposes only and assumes the following:

  • ANZ Standard Variable Home Loan interest rate discounted by 0.60%p.a
  • Interest only repayments
  • minimum contracted repayments are made on scheduled repayment dates through the life of the Standard Variable Rate Home Loan
  • no additional repayments made.

This example does not include other fees that may be payable on the ANZ Standard Variable Rate Home Loan.

The ANZ Breakfree package can also offer you:

 

Product Benefit Qualifier
ANZ Standard Variable Rate Loans
  • 0.50% p.a. interest rate discount
  • Up to 0.60% p.a. interest rate discount
  • Up to 0.70% p.a. interest rate discount

 
  • Individual lending $150,000-$249,999
  • Individual or combined lending $250,000-$699,999
  • Individual or combined lending $700,000 or greater
ANZ Equity Manager
  • 0.50% p.a. interest rate discount
  • Up to 0.60% p.a. interest rate discount
  • Up to 0.60% p.a. interest rate discount

 
  • Individual lending $150,000-$249,999
  • Individual or combined lending $250,000-$699,999
  • Individual or combined lending $700,000 or greater
ANZ Fixed Rate Loans 0.15% p.a. interest rate discount Individual or combined lending $150,000 or greater

ANZ Standard Variable Rate Loans

ANZ Fixed Rate Loans

ANZ Equity Manager

ANZ Money Saver Loans~

ANZ Easy Start Loans~

~ No longer offered

Fees waived:

  • Loan approval fee (up to five loans)
  • Valuation administration fee (three waivers per package p.a.)
  • Renegotiation fee (one waiver per package p.a.)
  • Loan administration charge
  • Credit facility fee
  
ANZ Variable Rate Personal Loan
  • 0.50% p.a. interest rate discount
  • No loan approval fee
  • No loan administration charge
  
ANZ Car Loan No establishment fee  

ANZ Access Advantage

ANZ One
  • No monthly account service fee
  • Unlimited ANZ transactions

(Non-ANZ ATM fees still apply)

  
ANZ Assured No credit facility fee Facility limit of $1,000 on either ANZ Access Advantage or ANZ One
ANZ Progress Saver Bonus interest rate Rates depend on amount held in deposit

Eligible ANZ credit cards

( Note: the Rewards Program Services Fee will still apply on applicable credit card accounts)

 Any existing ANZ credit card can be added to the ANZ Breakfree package
Telegraphic transfers and drafts 50% discount on the purchase fee for those sent overseas from an ANZ branch  

ANZ Home Insurance

ANZ Landlord Insurance

 13 months cover for the price of 12 months in the first year of your policy  
ANZ Mortgage Protection 10% premium discount  
ANZ Car Insurance 5% premium discount in the first year of your policy  
ANZ Health Insurance
  • One month’s premium waived in your first year of joining ANZ Health Insurance
  • 5% p.a. premium discount from the second year onwards
 New ANZ Health Insurance members only

ANZ Margin Loan standard or diversified (also known as an ANZ Margin Lending facility)

ANZ E*TRADE Share Investment Loan (also known as an ANZ Margin Lending Facility)

 0.35% p.a. rate discount off standard variable rate
  • Minimum loan amount of $20,000 for ANZ Margin Loan and ANZ E*TRADE Share Investment Loan
  • Minimum loan amount of $5,000 for ANZ Margin Lending Regular Geared Savings Plan
ANZ Financial Planning Receive a no obligation consultation with a ANZ Financial Planner  

ANZ Breakfree Package Special Offer Terms and Conditions

This offer is not available in conjunction with, or in addition to, other special offers (unless previously advised in writing by ANZ), discounts or benefits offered by ANZ.

1. Offer only applies where existing ANZ home loan customers apply for additional home or residential investment lending of $100,000 or more and have total mortgage lending of $250,000 or more under an ANZ Breakfree package, or where new to ANZ customers apply for new home or residential investment lending of $250,000 or more under the ANZ Breakfree package.

To take advantage of these special offers applications must be submitted between 6th February 2012 and 29th February 2012, and loan must be drawn by 31st August 2012.

The 0.90% p.a. discount will only apply to new to ANZ or additional loans which are ANZ Standard Variable Rate Residential and Investment Loans and ANZ Equity Manager facilities held under an ANZ Breakfree Package with:

  • Loan to Value Ratio (LVR) less than or equal to  80% and
  • Total Mortgage Lending is $500,000 or more.

Further details of the interest rate discounts available under this special offer for ANZ Standard Variable Rate Residential and Investment Loans ANZ Equity Manager facilities held under an ANZ Breakfree Package, are outlined in the table below:
 

Total Mortgage Lending LVR ≤80% LVR > 80%
Total mortgage lending $250,000 - $499,000 0.80% p.a. 0.75% p.a.
Total mortgage lending $500,000 - $699,999 0.90% p.a. 0.85% p.a.
Total mortgage lending $700,000 + 0.90% p.a. 0.85% p.a.

For further details, please call our dedicated home loan experts on 
1800 441 394, visit any branch or we can come to you.

If you are not eligible for this Special Offer, standard Breakfree discounts are available. Please refer ANZ Breakfree Terms and Conditions.

2. The 0.15% p.a. discount will only apply to new to ANZ or additional loans which are ANZ Fixed Rate Home and Residential Investment Loans taken out under an ANZ Breakfree Package. ANZ Fixed Rate Home and Residential Investment Loans do not usually attract an interest rate discount when held under an ANZ Breakfree Package. At the conclusion of the fixed rate period, if you choose to refix your loan for a further period, an interest rate discount may not apply. If, at the conclusion of the fixed rate period, your loan reverts to the standard variable rate and remains under an ANZ Breakfree Package, you will be entitled to receive any interest rate discount applicable at the time under the package, based on the balance of your loan at the conclusion of the fixed rate period.

3. ANZ will not charge a Loan Approval Fee or a Loan Administration Charge on up to five eligible home or residential investment lending accounts, which are linked to your ANZ Breakfree Package in accordance with the ANZ Breakfree Terms and Conditions, where those fees become due on or after the account becomes part of your ANZ Breakfree Package.

4. The offset account under an ANZ Breakfree Package is an ANZ One account which can only be linked to ANZ Standard Variable Rate or ANZ 1 Year Fixed Rate Home or Residential Investment Loan (excludes Interest In Advance Fixed Rate Loans). The monthly account service fee is waived on one ANZ One offset account while the linked offset account and loan account are held under an ANZ Breakfree Package. Other fees and charges may apply to an ANZ One account. Please refer to ANZ Savings and Transaction Products Terms and Conditions and ANZ Personal Banking Account Fees and Charges for details.

5. The Annual Account Fee is waived on one eligible ANZ credit card account held under an ANZ Breakfree Package. The waiver only applies while the account is held under the package. A Rewards Program services fee of $55 and an annual Additional Cardholder Fee of $10 may apply. 

Apply online icon Apply online for the ANZ Breakfree package

Telephone icon Call 13 33 12

Visit branch icon Visit your nearest branch and talk to one of our dedicated home loan experts.

Ways to apply for a home loan

Telephone iconCall us direct on 1800 100 641

Important Information

*Money Magazine Home Lender of the Year Award 2010, 2008, 2007, 2006 and 2005, and AFR Smart Investor Magazine Home Lender of the Year Award 2005, 2004, 2002, 2001, 2000 and 1999.

**Australian Lending Awards, Mortgage Lender of the Year Award 2011 and Best Investor Lender Award 2011. The Australian Lending Awards is an independent initiative of The Adviser and specialist research and advisory firm RFI.

ANZ’s Home Loan range achieved 5 stars across all of CANSTAR’s mortgage rating profiles.

 ^ANZ Mobile Lending representatives operate as ANZ Mortgage Solutions, independently operated franchises of Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522.

 

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