ANZ Breakfree home loan package - Home loans

ANZ Breakfree home loan package

ANZ Breakfree is a home loan package that offers you great savings and benefits on ANZ home and investment loans, ANZ everyday banking accounts, ANZ credit cards and much more*.

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

Read full ANZ Breakfree Terms and Conditions (PDF 85kB)

ANZ Breakfree benefits

Up to 0.70%p.a off the ANZ Standard Variable Rate**
Fee waivers such as loan approval and account service fees on selected ANZ products
Bonus interest on eligible saving accounts
Discounts on selected ANZ insurance products
Dedicated ANZ Breakfree customer service.

Overview

Features

Important notices

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:

an ANZ Mortgage account
an ANZ Everyday Banking account
an ANZ Credit Card account.

One of our dedicated mortgage 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 Gold credit card	$95	$95
Saving	$2,375	$1,775
Less ANZ Breakfree annual fee	-$340	-$340 p.a
Total saving	$2,035	$1,435

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:

standard variable interest rate 6.31% p.a.
standard variable interest rate discounted by 0.60%
term of ANZ Standard Variable Rate Home Loan 30 years with interest only repayments in first and second years
no change to standard variable interest rate during loan term
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:

bonus interest on your ANZ Progress Saver account
discounts on ANZ Home and Contents, Landlord, Income Protection and other selected ANZ Insurance products.

ANZ Breakfree Package brochure (PDF 39kB)

Product	Benefit	Qualifier
ANZ Standard Variable Rate Loans	0.50% p.a interest rate discount 0.60% p.a interest rate discount 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 0.60% p.a interest rate discount	Individual lending $150,000-$249,999 Individual or combined lending $250,000 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% 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)	No annual account fee No additional cardholder fee ANZ Frequent Flyer Gold and ANZ Frequent Flyer Platinum only	Only certain credit card types are eligible for 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) ANZ Regular Geared Savings Plan (also known as ANZ Margin Lending Regular Geared Savings Plan 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

Terms and conditions apply

It is important to consider the following with ANZ Breakfree:

Refer to the Breakfree terms and conditions for minimum lending requirements.
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.
Only certain credit card types are eligible for the ANZ Breakfree package. The Rewards Program Services Fee will still apply on applicable credit card accounts.
ANZ Offset accounts can only be linked to certain loan types. Visit the ANZ Offset account page for further information.
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 ING General Insurance Pty Limited ABN 56 072 892 365 AFSL 288160 (ING 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 ING Life Limited ABN 33 009 657 176 (ING Life) and QBE Insurance (Australia) Limited ABN 78 003 191 035 (QBE). ING Life insures the Life benefit; QBE insures the Disability benefit. ING Life is a wholly owned subsidiary of ING Australia Limited, ABN 60 000 000 779 (INGA), which is jointly owned by ING Group and 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, INGA and their related corporations, including ING Bank (Australia) Limited ABN 24 000 893 292 (ING Bank), do not accept any liability for, or guarantee benefits, in respect of these insurance products except that ING 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.

ANZ Car Loans are provided by Esanda Finance Corporation Limited ABN 64 004 346 043, a wholly owned subsidiary of ANZ.

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.

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 mortgage advisors.

Ways to apply for a home loan

Telephone icon Call us direct on 1800 100 641

* CANNEX Money magazine's Home Loan Lender of the Year 2008, 2007, 2006, 2005. CANNEX Personal Investor magazine's Home Lender of the Year 2005, 2004, 2002, 2001, 2000, 1999.

** Refer to the Breakfree terms and conditions for minimum lending requirements.

^ Non-ANZ ATM fees still apply

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