ANZ Home Loans: The 2026 Review

ANZ, or Australia and New Zealand Banking Group Limited, was established in 1970 through the merger of the Australia and New Zealand Bank and the English, Scottish & Australian Bank. Headquartered in Melbourne, Victoria, ANZ has grown significantly to become one of the Big 4 banks in Australia. It is a publicly listed company operating under ANZ Group Holdings Limited, and it has expanded its reach across Australia, New Zealand, and several Pacific Island nations.

Today, ANZ is recognised as the largest institutional bank in Australia and a leading financial institution in New Zealand. It offers a wide array of financial products and services, including home loans, credit cards, and savings accounts. ANZ differentiates itself with competitive fixed and variable home loan rates, offset accounts, and interest-only payment options. Its extensive branch network and robust online banking platform provide customers with convenient access to services.

ANZ caters to both retail and business customers, focusing on delivering tailored financial solutions. With a strong emphasis on regulatory compliance, the bank is authorised by APRA and registered with ASIC. Despite regulatory challenges, ANZ maintains a solid market position, driven by innovation and customer service, making it a trusted financial partner in the region.

• Legal Name: Australia and New Zealand Banking Group Limited
• ABN: 11005357522
• ACN: 005357522
• Established: 1970
• Headquarters: Melbourne, Victoria, Australia
• Type: Publicly Listed Company

ANZ offers a range of flexible home loan features designed to provide borrowers with cost savings and convenience, including offset accounts and redraw options.

• Offset Account: With an ANZ One offset account, borrowers can reduce the interest payable on their home loan by offsetting the loan amount with funds in the account. This feature benefits borrowers by reducing the overall interest cost, potentially saving thousands over the life of the loan.
• Redraw Option: Once a loan reverts to the Standard Variable Rate, borrowers can access additional repayments made to the loan via the redraw option. This provides financial flexibility, allowing access to extra funds when needed, without additional fees.
• First Home Buyer Incentive: Eligible first home buyers can receive $3,000 to spend freely, plus guidance from an ANZ First Home Coach. This benefit is available for loans of $250,000 or more, offering financial support and expert advice during the home-buying process.
• Extra Repayments: ANZ allows borrowers to make extra repayments without incurring fees. This feature enables borrowers to pay off their loan faster, reducing the total interest paid and providing greater control over their financial future.
• Guarantor Option: Borrowers can nominate a guarantor during loan origination, potentially increasing borrowing capacity or securing better loan terms. This option can be particularly beneficial for first-time buyers or those with limited deposit funds.
• Digital Access: ANZ provides convenient loan management through its Internet Banking and ANZ App, allowing borrowers to manage their loans, make repayments, and access redraw funds online. This digital access enhances convenience and control over loan management.

ANZ provides a transparent fee structure for home loans, ensuring borrowers are informed of potential costs upfront. Many fees are waived, such as the Loan Approval Fee and Valuation Administration Fee, enhancing affordability for borrowers.

• Loan Approval Fee: $0 - No charge for the establishment of your new loan or facility.
• Valuation Administration Fee: $0 - No charge for property valuations related to loan establishment.
• Settlement Fee: $160 - Charged each time ANZ attends a settlement or electronic settlement for loan advances or securities.
• Loan Administration Charge: $0 (Monthly) - No monthly administration charge for your loan.
• Late Payment Fee: $20 (Monthly) - Charged when a payment is overdue by 30 days or more, with additional fees if arrears continue.
• Production Fee: $160 - Charged for each security document ANZ produces at your request.
• Guarantee Administration Fee: $0 - No charge for guarantees taken to secure your loan.
• Renegotiation Fee (Non Credit Critical): $0 - No charge for renegotiating or converting your loan or facility.

ANZ offers home loans to Australian citizens, New Zealand citizens, and Australian permanent residents, ensuring accessibility for a broad range of borrowers. Applicants must meet specific criteria related to age, income, and creditworthiness to qualify.

• 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.
• Must provide proof of income and demonstrate the ability to repay the loan.
• A satisfactory credit history is required, with no significant defaults.
• Must meet minimum deposit requirements, typically 5-20% of the property value.
• The property must be located within Australia.

• Lenders Mortgage Insurance (LMI) is required for loans with an LVR above 80%.
• ANZ offers special programs for first home buyers, including possible grants and incentives.
• Guarantor options are available to assist in meeting deposit requirements.