Variable rate home loan

With an ANZ Variable Rate Home Loan you can choose from a number of great features that could help you save money including an Offset Account2 which could help reduce the interest payable on your loan.

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Money Magazine Home Lender of the Year, 2014
ANZ Variable Rate Home Loan - interest rate and comparison rate
Interest rate Comparison rate1 Other interest rates
loading product data(View current rates) loading product data(View current rates) View other interest rates
Loan term 
Maximum 30 years
Minimum loan amount 
$20,000
Maximum loan amount 
Up to 90% for new customers and up to 95% for eligible existing ANZ customers7, of the valuation of the security property (LMI may apply8)
Lenders mortgage insurance (LMI)8  
Required if amount borrowed is more than 80% of the valuation of the security property
Repay loan early6
Fees and charges may apply
Features
Availability
Offset account
Available with ANZ One2
Repayment frequency
Weekly, fortnightly or monthly
Make additional repayments
You can pay off your loan faster and save on interest payable
Interest only repayments9
Interest only repayments available for up to 10 years
Redraw facility3
Redraw allows you to access extra payments you have made to your loan.
Ability to split loan
Repayment holiday10
Allows repayments to your loan to be suspended for 3 months. Eligibility criteria applies. Find out more
Draw down loan progressively for construction purposes4
Loan must be fully drawn within 12 months. Fees and charges may apply.
ANZ Transaction Account benefit5
You can apply for us to waive the monthly account service fee (usually $5) on one nominated ANZ Access Advantage account if you have an eligible ANZ Home Loan and have your salary paid into your account. Other fees and charges and terms and conditions apply.  Consider if this product if appropriate for you.

Description

Charges

Loan approval fee5

$600 (waived under the ANZ Breakfree Package)5

Administration fee5

$5 per month (waived under the ANZ Breakfree Package)5

Redraw fee3

$03

Early repayment fee

$0 - Pay your loan off in full at anytime.

Renegotiation fee

Converting or renegotiating:

Fees waived under the ANZ Breakfree Package5

$200 - If there is no change to the borrowers, the term or amount of the loan or the security provided in connection with the loan, and the repayments are not changing to interest-only repayments.

$350 - If there is a change to the borrowers, the term or amount of the loan or the security provided in connection with the loan, or the repayments are changing to interest-only repayments.

 

How to apply

phone
Call us on 1800 100 641

Send us an enquiry

phone
Call us on 1800 100 641
8:00am to 9:30pm (AEST), Monday to Friday, 8:00am to 4:30pm (AEST) Saturdays and Sundays

Over the past 16 years, ANZ has been awarded ‘Home Lender of the Year’ by Money magazine in 2014, 2012, 2010 and 2008-2005, and Personal Investor magazine in 2005, 2004 and 2002-1999.

These benefits may not apply to loans in a company name. Terms and Conditions, fees and charges may vary for loans in a company name.

Contact us for more information on Home Loan Hotline, free call 1800 100 641 Monday to Friday (AEST) 8am - 9:30pm Saturdays and Sundays 8am to 4:30pm.

1. Comparison rate calculated on a loan amount $150,000 over a term of 25 years based on monthly repayments. These rates are for secured loans only.

WARNING: This Comparison Rate applies only to the example or examples given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan. A Comparison Rate schedule is available at any ANZ branch.

A copy of the comparison rate schedule is available at any ANZ branch or view it online ANZ Comparison Rate Schedule (PDF 64kB).

2. Available with an ANZ One bank account. Terms and Conditions, fees and charges may apply.

3. Terms and Conditions and eligibility criteria apply to redraw. Redraw is not available on loans in a company name. Minimum redraw amount is $2,000. For further information on redraw please refer to the ANZ Consumer Lending Terms and Conditions (PDF 412kB).

4. A progress draw fee is applicable. See ANZ Personal Banking General Fees and Charges (PDF 116kB) for details of fees and charges.

5. The Loan Approval Fee, Loan Administration Charge and Renegotiation Fee are waived under the ANZ Breakfree Package. Terms and conditions apply. See ANZ Breakfree Package or ask ANZ for details.

6. Terms and Conditions, fees and charges apply please refer to the ANZ Consumer Lending Terms and Conditions (PDF 412kB).

7.  Subject to credit approval criteria. Eligible existing ANZ customers must have had a retail lending product for greater than 6 months with a satisfactory credit history.

8. LMI is paid by the borrower and protects ANZ in the event that the borrower defaults and a shortfall arises, following the sale of the security property.  ANZ usually requires LMI where LVR is above 80% (depending on the type of property). 

9. Interest Only loans are not are not for everyone and you should consider if this is the right strategy for you.

10. Approval is at ANZ’s discretion.  See the ANZ Consumer Lending Terms and Conditions for eligibility criteria.

Terms and conditions, fees and charges and eligibility apply. All applications for credit are subject to ANZ's normal credit approval criteria.

 

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