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
Feature
Availability
Offset account
Yes - Available with ANZ One2
Repayment frequency
Weekly, fortnightly or monthly
Make additional repayments
Yes - You can pay off your loan faster and save on interest payable
Interest only repayments
Interest only repayments 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 holiday
Draw down loan progressively4
Up to 12 months
Reduced fees on transaction account5
The $5 monthly account service fee will be waived on your linked ANZ Access Advantage account.
Repay loan early
Yes7 - Fees and charges may apply
Loan term
Maximum 30 years
Minimum amount
$20,000
Maximum loan of property value
Up to 90% for new customers and up to 95% for eligible existing ANZ customers8, of the valuation of the security property.
Lenders mortgage insurance
Required if amount borrowed is more than 80% of the valuation of the security property

 

Description

Charges

Loan approval fee6

$600

Administration fee

$5 per month

Redraw fee3

Nil

Early repayment fee

Nil - Pay your loan off in full at anytime.

Renegotiation fee

$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 (1MB).

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

5. You can apply for us to waive the monthly account service fee on one nominated ANZ Access Advantage account if you have your salary paid into your account. Terms and Conditions apply, for more information please refer to ANZ Personal Banking General Fees and Charges (PDF 116kB).

6. The Loan Approval Fee (LAF) is waived under the ANZ Breakfree Package.

7. Terms and Conditions, fees and charges apply please refer to the ANZ Consumer Lending Terms and Conditions (1MB).

8. 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.

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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