Get the Finder app 🥳

Track your credit score


ANZ Equity Manager Home Loan

We’re committed to our readers and editorial independence. We don’t compare all products in the market and may receive compensation when we refer you to our partners, but this does not influence our opinions or reviews. Learn more about Finder .

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.

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.

Interest Rate Max Insured LVR Max LVR
Breakfree Home Loan Package $150,000 to $249,999
5.51% p.a.
Comparison Rate
80% 80%
Breakfree Home Loan Package $250,000 to $699,999
5.41% p.a.
Comparison Rate
80% 80%
Breakfree Home Loan Package $700,000 plus
5.31% p.a.
Comparison Rate
80% 80%
Special Offer Breakfree Home Loan Package $250,000 to $499,999 (LVR > 80%)
5.26% p.a.
Comparison Rate
80% 80%
Special Offer Breakfree Home Loan Package $250,000 to $499,999 (LVR ≤80%)
5.21% p.a.
Comparison Rate
80% 80%
Special Offer Breakfree Home Loan Package $500,000 plus (LVR > 80%)
5.16% p.a.
Comparison Rate
80% 80%
Special Offer Breakfree Home Loan Package $500,000 plus (LVR ≤80%)
5.11% p.a.
Comparison Rate
80% 80%
6.01% p.a.
Comparison Rate
80% 80%
Product NameANZ Equity Manager
Interest Rate TypeVariable
Comp Rate^ (p.a.)
Minimum Loan Amount$20,000
Maximum Loan Amount$10,000,000
Minimum Loan Term1 year
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR80%
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 Fee600 (waived)
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 (waived) 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 80% 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.

What fees and charges come with this loan?

  • Annual fee. A $150 charge will be added to your account each year that your loan is open.
  • Exit fee. $160. A discharge fee applies if you close your account with ANZ.
  • 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 (waived) 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.

Calculate your repayments by filling in some of your details

Enquire about this home loan

Related Posts

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

8 Responses

  1. Default Gravatar
    JBNovember 18, 2015

    To whom it may concern,

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


    • Avatarfinder Customer Care
      BelindaNovember 19, 2015Staff

      Hi JB,

      Thanks for your enquiry.

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


  2. Default Gravatar
    michelleFebruary 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?

    • Avatarfinder Customer Care
      ShirleyFebruary 10, 2015Staff

      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
    AdamMay 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?

    • Avatarfinder Customer Care
      MarcMay 5, 2014Staff

      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
    JeanJanuary 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.

    • Avatarfinder Customer Care
      ShirleyJanuary 13, 2014Staff

      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


  • Comparison Rate


  • App Fee / Annual Service Fee

    600 (waived) / $150

  • Max LVR


Go to site