UPDATED JUL 7, 2026

ANZ Home Loans: The 2026 Review

ANZ leads with LMI waivers for professionals, saving on mortgage insurance. Beware of accounts paying zero interest. Explore premium options with ANZ's trusted broker relationships.

Bheja Verdict

Very Good

4.0/5
✓
Competitive interest rates
✓
Big 4 bank stability
Check Eligibility

ANZ Home Loans At a Glance

🏷️Best Rate Available

6.24%

Fixed 1yr • Investment

💳Application Fee

$0

Fee-free options available

📅Monthly Fee

$0

Fee-free options available

🎁Cashback Offer

Available

128 products with cashback

Loan Range:$20K - $100.0M
LVR:Up to 96%
Products:128 variations
Offset Account:Available

Current ANZ Home Loan Rates

Last updated: July 2026

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Average Rate
7.08%
Best Rate
6.54%
Monthly Payment
$3,174
Advanced

* Comparison rate is calculated on a loan amount of $150,000 over 25 years. Rates and fees are subject to change. Terms and conditions apply.

+ Only key fees (application, discharge, ongoing) are displayed - other fees such as redraw, administration, and processing fees may also apply.

ANZ Product Statistics

Real-time insights and market analysis

ANZ offers 3 home loan products across 128 variations, the average variable rate is 7.44% p.a., the best available rate is 6.24% p.a..

Average Variable Rate

7.44%

29 products

Average Fixed Rate

7.04%

99 products

Best Available Rate

6.24%

1yr Fixed • Investment • IO

Total Products

3

128 variations

Fee Summary

Application Fee

100% fee-free

$0

Monthly Fee

100% fee-free

$0

Discharge Fee

$0

Late Payment Fee

$20

Key Features

Across ANZ's range: 107 include an offset account, 128 offer redraw, 128 allow extra repayments.

Offset Account
84%
Redraw Facility
100%
Extra Repayments
100%
Split Loan
—

Product Ranges

ANZ's interest rates range from 6.24% to 8.29% p.a., maximum LVR from 60% to 96%, loan amounts span $20,000 to $100,000,000.

Interest Rates6.24% — 8.29%
Max LVR60% — 96%
Loan Amount$20K — $100.0M

Cashback Offer: If you're buying your first home, you could get $3,000 to spend however you like, plus support from an ANZ First Home Coach. Available to eligible first home buyers with an ANZ home loan of $250,000 or more. Drawdown within 180 days of applying, bonus paid after settlement. Eligibility criteria and T&Cs apply.

Disclaimer: The key features displayed highlight what's available across the lender's home loan range. Individual products and variations may differ. Use the product table to search for a loan with the specific features you're looking for.

How ANZ Compares

FEATUREANZCommBankWestpacNATIONAL AUSTRALIA BANK
Best Variable Rate
6.39%
6.09%
6.39%
6.09%
Best Fixed Rate (3yr)
6.49%BEST
6.49%
6.54%
6.49%
Application Fee
$0BEST
$300
$0
$0
Monthly Admin Fee
$0BEST
$10
$0
$0
Offset Account
Redraw Facility
Product Variations
128
71
172
147
💡

Bheja Insight: ANZ waives application fees, saving borrowers hundreds compared to other big 4 banks.

About ANZ

Company overview and contact information

ANZ, established on 1 October 1970, is a major player in the banking sector, recognized as one of Australia's Big 4 banks. With its headquarters in Melbourne, Victoria, ANZ is part of the Australia and New Zealand Banking Group Limited. The bank's history traces back to the merger of the Australia and New Zealand Bank and the English, Scottish & Australian Bank, making it a longstanding institution in the region.

ANZ offers a diverse range of home loan products with 128 variations, featuring interest rates from 6.24% to 8.29%. Known for its flexible repayment options and no setup or ongoing fees, ANZ caters to a wide array of customers, from first-time homebuyers to seasoned investors. The bank is highly favored among brokers, with nearly half of them submitting deals to ANZ, highlighting its strong market presence.

What sets ANZ apart is its commitment to customer satisfaction and stability. The bank provides interest rate certainty and protection against rises, ensuring peace of mind for borrowers. Additionally, ANZ's Graduate Program supports career development with flexible loans, making it a preferred choice for young professionals. As an APRA-regulated entity, ANZ ensures compliance and security in all its financial dealings.

Company Details

Legal Name: ANZ
ABN: 11005357522
ACN: 005357522
Established: 1 October 1970
Headquarters: Melbourne, Victoria, Australia
Ownership: Big 4 Bank
Parent Company: Australia and New Zealand Banking Group Limited

Key Features

ANZ offers a range of flexible home loan features designed to provide borrowers with financial benefits and convenience, including offset accounts, redraw facilities, and no ongoing fees on select products.

Offset Account

ANZ provides an offset account linked to eligible home or investment loans. This account reduces the interest charged by offsetting the loan balance with the account balance, potentially saving borrowers significant interest costs. For example, a $50,000 offset could save $266 per month.

ANZ Redraw

The ANZ Redraw feature allows borrowers to access extra repayments made on eligible loans. This provides flexibility in managing finances, as funds can be accessed via ANZ Internet Banking or the ANZ App when needed.

First Home Buyer Bonus

Eligible first home buyers with an ANZ home loan of $250,000 or more can receive a $3,000 bonus and support from an ANZ First Home Coach. This offer is available upon settlement within 180 days of application.

No Setup or Ongoing Fees

ANZ Standard Variable home loans do not incur any setup or ongoing fees, reducing the overall cost of borrowing and providing a cost-effective solution for home loan management.

Flexible Repayment Options

ANZ offers flexible repayment options, including the ability to make extra repayments up to a set tolerance amount during the fixed rate period, enhancing the ability to pay off loans faster without incurring penalties.

Digital Banking Access

Borrowers can manage their home loans conveniently through ANZ Internet Banking and the ANZ App, providing easy access to account information and transaction capabilities from anywhere.

Fraud Protection Features

ANZ includes robust fraud protection features across its products, ensuring that borrowers' financial information and transactions are secure and protected from unauthorised access.

Guarantor Option

ANZ allows borrowers to nominate a guarantor during loan origination, which can help in securing a loan or improving loan terms, particularly beneficial for first-time buyers or those with limited credit history.

Fees & Charges

ANZ offers a transparent fee structure for its home loans, with many fees waived or variable depending on the service and location. Borrowers should review all potential costs, including government charges and specific service fees, to fully understand their financial commitments.

Fee Type
Amount
Description
Loan Approval Fee
$0
No charge for establishing a new loan or facility.
Progress Payment Fee
$0
No charge for progressively drawn loans.
Registration of Mortgage
Variable
Payable to the government when registering a mortgage; varies by state/territory.
Production Fee
$160
Charged for producing security documents at your request.
Settlement Fee
$160
Payable each time ANZ attends a settlement.
Discharge of Mortgage
Variable
Payable to the government when discharging a mortgage; varies by state/territory.
Late Payment Fee
$20/month
Charged if a payment is unpaid for 30 days or more.
Lock Rate Fee
$750 per $1 million
Applicable for fixed-rate loans to lock in a rate.
Early Repayment Cost
Variable
Charged if you repay your loan early during a fixed-rate period.
Loan Administration Charge
$0
No monthly administration charge for loans.
Establishment Fee for Cashing Cheques
$80
Charged for establishing cheque cashing services.
International Money Transfer Fee
$18-$32
Fee for transferring money internationally, varies by method and currency.
Offset Account Fee
$10/month
Monthly fee for maintaining an offset account.

Fees subject to change. Refer to lender documentation for current rates.

Eligibility Criteria

ANZ offers home loans to individuals who meet specific age, residency, and financial criteria, ensuring accessibility for a wide range of borrowers, including professionals eligible for special considerations.

Must be at least 18 years old.
Must be an Australian citizen, New Zealand citizen, or Australian permanent resident.
Primary income must be in Australian Dollars.
Loan to Value Ratio (LVR) must be between 60% and 96%.
Lenders Mortgage Insurance (LMI) required if LVR exceeds 80%, unless eligible for a waiver.
Professionals in legal, medical, or accounting fields may qualify for an LMI waiver with specific conditions.
Property must be valued by ANZ at $5 million or less for houses/townhouses, or $4 million or less for units/other residential types.
Total home loan lending with ANZ must not exceed $8 million.
Proof of income and expenses required for application.

Important Notes

  • LMI is generally required for loans with an LVR above 80%, but waivers are available for certain professionals.
  • A deposit of at least 20% is typically needed to avoid LMI.
  • Special programs are available for professionals and first home buyers.
  • ANZ offers flexible loan options, including variable and fixed rate loans, to suit different borrower needs.

ANZ Home Loan Pros & Cons

Our expert take on whether ANZ is right for you

Pros

  • +LMI waivers for certain professions
  • +$4,000 cashback on loans over $250,000 (valid until 31 July 2026)
  • +Flexible repayment options
  • +Offset account and redraw facilities

Cons

  • –Above market interest rates
  • –Significant customer service complaints
  • –Potential hidden costs in zero – interest accounts

Best For

  • Medical professionals wanting LMI waivers
  • First-time home buyers seeking cashback offers
  • Borrowers looking for flexible repayment options

Not Ideal For

  • Customers needing responsive customer service
  • Small business clients requiring high flexibility
💡

Bheja Verdict: ANZ offers a robust range of home loan products with attractive features for certain professionals, but their rates are above market averages and customer service has been criticized.

Expert Secrets (Why Use Us?)

Insider knowledge about ANZ that most borrowers don't know

LMI Waivers by Profession

ProfessionDepositLMI StatusSavings
Accountants10%No LMI—
Medical practitioners, specialists, and dentists5%No LMI—
Legal professionals10%No LMI—

LMI Cost Examples

1$760,000 loan at 95% LVR: ~$36,187 LMI (waived for eligible medical professionals).
2$720,000 loan at 90% LVR: ~$17,699 LMI (waived for eligible legal professionals).
3For a $500,000 loan at 85% LVR, LMI costs $6,000, with waivers available for certain professionals.
4At 90% LVR, the LMI for a $500,000 loan increases to $12,500, reflecting higher risk.

Fee Waivers

No annual fee in the first year for new ANZ Qantas Business Rewards cardholders.

Offset Benefits

A $10,000 offset account saves $53 per month, totaling $636 annually.
A $25,000 offset account saves $133 per month, totaling $1,596 annually.
A $50,000 offset account saves $266 per month, totaling $3,192 annually.
A $100,000 offset account saves $533 per month, totaling $6,396 annually.

Admin & Logistics (The Help Desk)

Everything you need to manage your loan

Application Process

5 Steps
1
Submit Discharge Form: Complete and submit the Discharge and Variation Authority or Production of Title Request Form to ANZ. (Tip: Ensure all sections of the form are filled out accurately to avoid processing delays.)
2
Pay Required Fees: Pay any applicable fees, including the settlement fee and any government discharge fees. (Tip: Check with the relevant state or territory revenue office for the exact discharge fee amount.)
3
Allow Processing Time: Allow a minimum of 10 business days for ANZ to process your discharge request. (Tip: Contact ANZ if you haven't received confirmation after 10 business days.)
4
Book Settlement: Coordinate with ANZ to book a settlement date once the discharge is processed. (Tip: Ensure all outstanding loan balances are cleared before the settlement date.)
5
Complete Discharge: Finalize the discharge process within 30 days. (Tip: Confirm with ANZ that the discharge is complete and obtain any necessary documentation.)

Processing Times

Discharge Process10 to 30 business days

Required Documents

Discharge and Variation Authority or Production of Title Request Form
💡

Pro Tips

  • Submit your discharge request at least 2 weeks before your desired settlement date.
  • Double-check all documents for accuracy to prevent delays.
  • Contact ANZ customer service at 1800 100 641 for any questions or clarifications.
  • Be aware of any early repayment charges that might apply.
  • Keep a copy of all submitted documents for your records.

ANZ Mortgage Calculator

Estimate your repayments using current ANZ home loan rates

Over 30 years, borrowing $480,000 at 6.24%, total cost including interest and known fees could be around $1,378,880. Estimated monthly repayment: $2,496.00.

Estimated total cost over 30 years
$1,378,880
Estimated repayment
$2,496.00
monthly repayment
Amount you borrow: $480,000 · At 6.24% · Fixed for 1 years, then may change

We've estimated the rate after the fixed or intro period — confirm with your bank.

Known fees in this estimate

Settlement fee
$160
Document fee
$160
Total ongoing fees (30 yrs)
$0
How is this calculated?

Estimated total cost includes the amount borrowed, interest over the full loan term, and any upfront, ongoing, and discharge fees published by the lender. It does not include stamp duty, LMI, or savings from an offset account.

The revert rate is the rate your loan may switch to when a fixed, introductory, or interest-only period ends. Where a lender hasn't published this rate, we use an estimate.

Cost breakdown

Amount you borrow
$480,000
Total interest
$898,560
Upfront fees
$320
Ongoing fees
$0
Estimated total cost
$1,378,880
  • These figures are estimates only. Your actual repayments and costs may differ. Confirm all details with your lender before making a decision.
  • Where a lender hasn't published their revert rate (the rate that applies after a fixed, introductory, or interest-only period ends), we estimate it. Your repayments may change when this period ends.
  • Split loans and offset accounts aren't included in this estimate.
  • For product comparison and comparison rates, see the rates table above.

Still Unsure? Let a human handle it.

Not sure if ANZ is right for you? Our brokers can help you compare options.

Frequently Asked Questions

ANZ generally takes about one week to approve a home loan, depending on your documentation and individual circumstances.

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