ANZ Equity Manager Home Loan

Rates and Fees verified correct on October 21st, 2016

Finance your dreams with your equity

An ANZ Equity Manager line of credit unlocks the equity you've built up in your home so you can use it for investment, holidaying or everyday spending.

Product NameANZ Equity Manager
Interest Rate TypeVariable
Interest Rate (p.a.)5.67%
Comp Rate^ (p.a.)
Minimum Loan Amount$20,000
Maximum Loan Amount$10,000,000
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR90%
Mortgage Offset AccountNo
Mortgage 100% OffsetNo
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Suitable for InvestmentYes
Extra RepaymentYes
Available as equity loan/line of creditYes
Repayment TypePrincipal & Interest and Interest Only Options
Application Fee$600
Lender's Legal Fee$0
Valuation Fee$150
Ongoing Fees$150 p.a.
Settlement Fee$160
Discharge Fee$160


  • You can waive the application fee and annual service fee by choosing the Breakfree Package (a package fee applies).
  • You can make as many additional repayments as you want and redraw those funds whenever you wish up to your approved credit limit.


  • A $600 application fee applies, along with a $150 valuation fee.
  • A $150 annual service fee applies.
  • A $160 discharge fee applies when you close your home loan account.

Things to consider about this loan

The ANZ Equity Manager is a variable rate line of credit. This means the interest rate you pay can increase or decrease as the official cash rate does. This loan comes with three different borrowing power amounts:

  • $150,000 - $249,999
  • $250,000 - $699,999
  • $700,000

The Equity Manager allows you to borrow a maximum of 90% of the value of the property being offered as security, although lender's mortgage insurance will be payable on amounts over 80%.

Features of the ANZ Equity Manager

The Equity Manager has a long list of features to help you make the most of the equity in your home.

  • You can access funds at any time. The ANZ Equity Manager loan can be used as an everyday transaction account. This means you can access funds up to the approved credit limit at any time using the phone or online. Additionally you can access funds through BPAY, ATMs, EFTPOS and cheque facilities at any ANZ branch.
  • No set repayment time. Because there's no set repayment time on an ANZ Equity Manager line of credit account, you're able to pay the loan off at a pace that suits you and your financial situation. In addition, there is no set schedule for making repayments using the Equity Manager, so you choose when you want to make your repayments.
  • No penalties for extra repayments. There are no fees or penalties for making any extra repayments on an ANZ Equity Manager account. This means you can pay the home loan off as fast as you like without having to worry about incurring any fees or charges.
  • Minimum and maximum amounts. This line of credit account can be used to purchase residential property with a value between $20,000 and $10,000,000 and can be used up to a period of 30 years. You can borrow a maximum of 80% of the property's value without lenders mortgage insurance (LMI) and up to 80% of the property's value with LMI.
  • Interest-only. You can free up extra funds by making interest-only payments on your ANZ Equity Manager for up to 10 years.
  • Split your loan. You can split the ANZ Equity Manager with other loans up to four times.

Fees and charges

  • Annual fee. $150
  • Exit fee. $160
  • Lender's mortgage insurance (LMI). LMI covers the lender in the event you default on your mortgage. It can be avoided if you don't borrow over 80% of the value of the property being used as security.
  • Application fee.The application fee of $600 can be avoided if you sign up to ANZs Breakfree Package. This packages your home loan, bank account and credit card together for an annual fee of $150. It also waives fees for renegotiation, monthly account fees on one ANZ transaction account and the annual fees on one ANZ credit card account. The Breakfree also gives you a discount off your variable rate, although this depends on how much you decide to borrow.

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ANZ Equity Manager Home Loan Interest Rate History vs RBA Cash Rate Graph

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This page was last modified on 23 September 2016 at 11:55.

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8 Responses to ANZ Equity Manager Home Loan

  1. Default Gravatar
    JB | November 18, 2015

    To whom it may concern,

    How do I get the historical interest rates for the ANZ break free equity manager account?


    • Staff
      Belinda | November 19, 2015

      Hi JB,

      Thanks for your enquiry.

      I’ve sent you an email to follow up with this.


  2. Default Gravatar
    michelle | February 9, 2015

    I already have an equity home loan of $40,000.00
    I would like to increase this to $80,000.00. what is the process?

    • Staff
      Shirley | February 10, 2015

      Hi Michelle,

      Thanks for your question.

      Please speak to your ANZ home loan consultant, or get in touch with a customer service representative at ANZ to organise this.


  3. Default Gravatar
    Adam | May 2, 2014

    I just submitted an application through mortgage choice for the ANZ equity manager loan and wanted to know how long or whats the longest period does it take to find out if I’m approved?

    • Staff
      Marc | May 5, 2014

      Hi Adam,
      thanks for the question.

      According to the ANZ website, once ANZ have all the required documentation, it usually takes up to 48 hours to receive a decision.

      I hope this helps,

  4. Default Gravatar
    Jean | January 10, 2014

    My Husband and I have a joint ANZ Equity Manager loan for an extremely small amount on our home. If one of us should die, would the loan be called in or could the surviving party continue the loan. I can’t find anything in their literature.

    • Staff
      Shirley | January 13, 2014

      Hi Jean,

      Thanks for your comment.

      The ANZ Equity Manager terms and conditions state that, “If a joint account holder dies, we will treat the account and the balance of the account as being owned by the surviving joint account holder or holders with effect from the time of death.”


ANZ Equity Manager

  • Interest Rate

    5.67% p.a.

  • Comparison Rate


  • App Fee / Annual Service Fee

    $600 / $150

  • Max LVR


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