ANZ Fixed Rate Home Loan

Rates and Fees verified correct on December 3rd, 2016

Lock in a competitive fixed rate with one of Australia's largest and most trusted banks

Purchasing a property is a big investment and you want to be sure you can fund the purchase both now and into the future - especially if rates rise. ANZ allows you to lock in your interest rate for a fixed term, which in turn locks in your mortgage repayments. A fixed rate mortgage gives borrowers control over their budget and eliminates any rate rise surprises.

ANZ Fixed Rate Home Loan: Overview

Interest Rate Max Insured LVR Max LVR
1 Year Fixed (Investor)
4.94% p.a.
Comparison Rate
5.52% p.a.
95% 80%
1 Year Fixed (Owner Occupier)
4.54% p.a.
Comparison Rate
5.24% p.a.
95% 80%
2 Year Fixed (Investors)
4.14% p.a.
Comparison Rate
5.32% p.a.
95% 80%
2 Year Fixed (Owner Occupier)
3.9% p.a.
Comparison Rate
5.06% p.a.
95% 80%
3 Year Fixed (Owner Occupier)
4% p.a.
Comparison Rate
4.98% p.a.
95% 80%
3 Year Fixed (Investors)
4.14% p.a.
Comparison Rate
5.21% p.a.
95% 80%
4 Year Fixed (Investors)
5.14% p.a.
Comparison Rate
5.46% p.a.
95% 80%
4 Year Fixed (Owner Occupier)
4.74% p.a.
Comparison Rate
5.15% p.a.
95% 80%
5 Year Fixed (Owner Occupier)
4.74% p.a.
Comparison Rate
5.12% p.a.
95% 80%
5 Year Fixed (Investors)
5.04% p.a.
Comparison Rate
5.40% p.a.
95% 80%
7 Year Fixed (Owner Occupier)
7.69% p.a.
Comparison Rate
6.76% p.a.
95% 80%
7 Year Fixed (Investors)
7.69% p.a.
Comparison Rate
6.88% p.a.
95% 80%
10 Year Fixed (Owner Occupier)
7.69% p.a.
Comparison Rate
7.16% p.a.
95% 80%
10 Year Fixed (Investors)
7.69% p.a.
Comparison Rate
7.24% p.a.
95% 80%
Product NameANZ Fixed Rate Home Loan
Interest Rate TypeFixed
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 LVR95%
Mortgage Offset AccountYes
Mortgage 100% OffsetYes
Loan Redraw FacilityNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Suitable for InvestmentYes
Extra RepaymentNo
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest and Interest Only Options
Application Fee$600
Lender's Legal Fee$0
Valuation Fee$150
Ongoing Fees$10 monthly ($120 p.a.)
Settlement Fee$160
Discharge Fee$160

Pros

  • Your interest rate won't change over the course of the fixed term.
  • Interest only options available for a period of up to 10 years.
  • The ability to split your loan in a fixed portion and a variable portion.
  • Full offset available for the 1 year fixed rate product.

Cons

  • $600 application fee
  • $150 valuation fee
  • $160 settlement fee
  • $10 per month account fee

Features of the ANZ Fixed Rate Home Loan

If you want the certainty of home loan repayments that won't change from month to month, then you may want to consider an ANZ fixed rate home loan. ANZ offers the following features on their fixed-rate home loan:

  • Flexibility with repayments. Payments can be made weekly, fortnightly or monthly, allowing you to structure your repayments to match your pay. In addition, borrowers can make extra repayments above the required minimum mortgage repayment without incurring any fees, provided you stay below the yearly amount (referred to as the tolerance amount). The tolerance amount is the lesser of 5% of the loan amount at the start of the fixed rate period, or $5,000. This can be a great option if you happen to come across some extra money and would like to reduce your debt.
  • Interest-only repayments. The ANZ fixed rate home loan can be used as an interest-only loan for up to 10 years, meaning that you only pay the interest portion of any payment. This is a great option for people trying to reduce their payments and free up some extra cash, and is ideal for investors who are waiting to sell the property and take advantage of capital gains.
  • Split rate. An ANZ fixed rate product gives borrowers the option of splitting the loan between a fixed and variable rate. This gives you the security of having a fixed rate and the flexibility of having a variable home loan.
  • Full offset facility (for one year fixed rate only). If you have a linked ANZ account, you can use this account as a 100% offset account. Any funds you have in this account will reduce the mortgage principal, and subsequently any interest charges. This is only available if you fix a rate for one year.
  • Eligibility. This loan can be used by any investor or owner occupier who would like to purchase a property between $20,000 and $10,000,000. With an ANZ fixed home loan you can borrow up to 80% of the property's value without paying lenders mortgage insurance (LMI) or up to 95% of the property's value with LMI.

How to apply

To find out more about the features of the ANZ fixed home loan, click on the enquire button below.


Enquire about this home loan

ANZ Fixed Rate Home Loan Interest Rate History vs RBA Cash Rate Graph


Enquire about this home loan
Was this content helpful to you? No  Yes

Related Posts

This page was last modified on 13 October 2016 at 15:37.

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au 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

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

14 Responses to ANZ Fixed Rate Home Loan

  1. Default Gravatar
    Stuart | May 26, 2015

    Could you please tell what day of the month does the ANZ usually adjust interest rates after the monthly RBA announcement

    • Staff
      Belinda | May 29, 2015

      Hi Stuart,

      Thanks for your enquiry.

      This month, the ANZ standard variable interest rate adjustment became effective on the 8th of May, 2015.

      Thanks,
      Belinda

    • Default Gravatar
      Stuart | May 29, 2015

      Thanks Belinda
      Could you please advise when the monthly adjustment is likely to be made in June as we have a interest only loan renewal to renegotiate around the 18th.

    • Staff
      Belinda | June 1, 2015

      Hi Stuart,

      Thanks for reaching out to finder.com.au.

      ANZ generally reviews its standard variable home loan interest rate monthly by the Friday following the Reserve Bank of Australia meeting.

      Thanks,
      Belinda

  2. Default Gravatar
    Debra | March 15, 2015

    I am currently an ANZ loan holder with approx. a year left on my fixed loan. I am currently paying 5.52% on my loan which is too high and I am looking to refinance. Can I switch over to another loan with ANZ offering a lower interest rate or will I need to look elsewhere?

    • Staff
      Shirley | March 16, 2015

      Hi Debra,

      Thanks for your question.

      You can definitely switch to another loan with ANZ offering a lower interest rate, given that you’re eligible. Typically borrowers refinance with another lender when their original lender is not willing to offer them a new loan that suits their current needs.

      Cheers,
      Shirley

  3. Default Gravatar
    Jim | March 3, 2015

    Hi,
    I am thinking of applying for the 5 years fixed interest , principal and interest mortgage. Will I be able to use a 100% offset account for the 5 years fixed.

    Thanks,
    Jim

    • Staff
      Shirley | March 4, 2015

      Hi Jim,

      Thanks for your question.

      Unfortunately the 100% offset account is available for one year fixed rate only. If you would like to discuss your eligibility or options regarding this, please get in touch with ANZ directly.

      Cheers,
      Shirley

  4. Default Gravatar
    shaun | February 16, 2015

    Hi i fixed my home loan for three years what would the penalty if i wanted to sell my house

    • Staff
      Marc | February 16, 2015

      Hi Shaun,
      thanks for the question.

      Quite a few factors will go into how much it’ll cost you to leave your fixed rate home loan. We’ve listed them in greater depth in our guide.

      I hope this helps,
      Marc.

  5. Default Gravatar
    Sandra | December 2, 2014

    what additional repayments can I make on an ANZ fixed rate loan without any penalties?

    • Staff
      Shirley | December 2, 2014

      Hi Sandra,

      Thanks for your question.

      According to ANZ, “you can make extra payments of up to 5% of the loan balance(calculated at the beginning of the fixed rate term) or $5,000, whichever is lesser. These payments can be in the form of larger regular repayments or lump sums and are at no additional cost to you.

      I hope this helps,
      Shirley

  6. Default Gravatar
    Megan | June 28, 2013

    My mother-in-law took out an $80000 loan in Dec 2007 which the 3 children agreed to help her repay – the other option was she was going to borrow from one of the companies advertising at the time to use the equity in your home and borrow for holidays etc!!
    After asking for statements recently I was shocked to find that this had been taken over 30 years (and she would be 95!) and fixed for 10. Would this not be considered very poor advice from the bank??
    We now find that to get out of this fixed loan – 10 years expires in July 2017 it will cost $8000.
    The difference in interest rate from when the loan was taken until now is 2%. With my calculations, 2% between now and july 2017, on $72000 owing, is a lot less than $8000 so how does the bank get away with this??
    Do we have any comeback on the lack of advice given at the time??
    thanks

    • Staff
      Shirley | July 1, 2013

      Hi Megan,

      Thanks for your comment.

      There are a few steps you need to follow if you’re unhappy with your financial services provider. First, you will need to lodge an official complaint to your lender and go through their internal processes to try and come to a resolution.

      If you feel as though it hasn’t been resolved, then you can lodge a complaint with the Financial Ombudsman Service.

      However, there are a few implication to your situation. Because your mother in law has signed a contract, it was her responsibility to understand all of the conditions she agreed on. Before signing it, she should have taken a copy of the contract and discussed it with a legal practitioner.

      Please let me know if you need anymore assistance.

      Hope this helps,
      Shirley

ANZ Fixed Rate Home Loan

  • Interest Rate

    N/A

  • Comparison Rate

    N/A

  • App Fee / Annual Service Fee

    $600 / $10

  • Max LVR

    80%

Ask a question
feedback