ANZ Simplicity PLUS Home Loan

The ANZ Simplicity PLUS Basic Home Loan offers a variable interest rate no annual fees.

Whether you’re buying your first home or simply looking to refinance an existing home loan, the ANZ Simplicity PLUS Basic Home Loan may be an option to consider. This basic home loan has a variable interest rate with flexible options like redraw and interest-only repayments to help you keep up with your changing needs.

Interest Rate Max Insured LVR Max LVR
(Investor, IO)
4.91% p.a.
Comparison Rate
4.83% p.a.
95% 80%
(Investor, P&I)
4.71% p.a.
Comparison Rate
4.75% p.a.
95% 80%
(Owner Occupier, IO)
4.91% p.a.
Comparison Rate
4.83% p.a.
95% 80%
(Owner Occupier, P&I)
4.71% p.a.
Comparison Rate
4.75% p.a.
95% 80%
LVR <80% Special Offer Discount (Owner Occupier, IO)
4.35% p.a.
Comparison Rate
4.27% p.a.
80% 80%
LVR > 80% Special Offer Discount (Owner Occupier, IO)
4.35% p.a.
Comparison Rate
4.27% p.a.
80% 80%
LVR > 80% Special Offer Discount (Owner Occupier, P&I)
4.15% p.a.
Comparison Rate
4.19% p.a.
95% 80%
LVR ≤ 80% Special Offer Discount (Owner Occupier, PI)
3.81% p.a.
Comparison Rate
3.85% p.a.
80% 80%
Special Offer (Investor, IO)
4.66% p.a.
Comparison Rate
4.58% p.a.
80% 80%
Special Offer (Investor, P&I)
4.46% p.a.
Comparison Rate
4.50% p.a.
95% 80%
Product NameANZ Simplicity PLUS Home Loan
Interest Rate TypeVariable
Comp Rate^ (p.a.)
Minimum Loan Amount$50,000
Maximum Loan Amount$1,000,000
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR95%
Mortgage Offset AccountNo
Mortgage 100% OffsetNo
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Suitable for InvestmentNo
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest and Interest Only Options
Application Fee$0
Lender's Legal Fee$0
Valuation Fee$150
Ongoing Fees$0 p.a.
Settlement Fee$160
Discharge Fee$160


  • Make extra payments without penalty
  • Withdraw additional payments through the redraw facility at no cost


  • There is a valuation fee of $150
  • A settlement fee of $160 charged when setting up this loan
  • A discharge fee of $160 applies when you pay off your loan in full

Features of an ANZ Simplicity PLUS Home Loan

  • Extra Repayments. The ANZ Simplicity PLUS Home Loan offers fee-free extra repayments on your home loan, which can save you interest charges and reduce the length of your loan.
  • Interest-only repayments option. This allows the borrower to pay only the interest portion of their home loan for up to 5 years. This feature is popular with property investors.
  • Repayment options. ANZ offers home loan customers the choice of weekly, monthly or fortnightly repayments on their home loan.
  • Redraw. This fee-free redraw facility allows borrowers to access any of the extra funds they've deposited into their home loan. There is currently no minimum redraw amount for eligible home loans and residential investment loans.
  • Construction. You can build a new home or carry out major structural renovations, and use the drawdown feature of the home loan to make payments to your builder. You have up to 12 months to build your home.
  • Maximum LVR. The ANZ Simplicity PLUS Home Loan has a maximum loan to value ratio of 80% if you wish to avoid attracting lenders mortgage insurance (LMI). If you wish to borrow more you can borrow up to 90% if you're a new customer, or 95% if you're an eligible existing ANZ customer.


  • Renegotiation fee: This fee is charged if you're renegotiating or converting an existing ANZ home or residential investment loan. The fee is $200-$350, but is currently being waived on request.
  • Application fee: Usually $600. The application fee for this loan is now $0 for a limited time on request.
  • Valuation fee: $150
  • Settlement fee: $160
  • Exit fee: $160

How to apply for the ANZ Simplicity PLUS Home Loan

If you're interested in this loan you can press the green button and leave your details. To help you in the application process you should work out:

  • How much you want to borrow
  • The amount you have saved for a deposit
  • Whether you are co-borrowing

It's also worth checking your credit score before speaking to a mortgage specialist. You can get a free credit report here.

Enquire about this home loan
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22 Responses

  1. Default Gravatar
    ErikaJune 4, 2017

    I want to refinance my home loan. Could you pls tell me the process. Thank you

    • Default Gravatar
      JonathanJune 4, 2017

      Hi Erika!

      Thanks for the comment.

      You can check your options on this page for your refinancing needs. Click “Go to Site” green button to proceed with your application or get more information about its process.

      You may also visit our refinancing calculator to get the best rates available, to help you maximize savings.

      Hope this helps.


  2. Default Gravatar
    JordanMay 26, 2017


    I am dealing with a broker who has suggested a few lenders. It’s the first for me. Inexperienced as such. Is it true that brokers commission from the customer in a way that the bank such as ANZ would increase rates or fees to pay the broker? Just curious. Also, with the simplicity plus home loan at 4.03%, is it true you can withdrawal on available credit slightly different to that of an offset account? If details can be provided that Would be fantastic!

    • finder Customer Care
      MayJune 1, 2017Staff

      Hi Jordan,

      Thank you for your question and for contacting we are a financial comparison website and general information service we are not mortgage specialists so can only offer general advice.

      Basically, mortgage brokers receive a commission or fee from lenders. Their fees would vary depending on the volume of transactions they have. Their commission is not related to when a bank/lender would increase their rates and fees so they can pay the broker. On this page, you can find more information how mortgage brokers are paid.

      As for the ANZ Simplicity PLUS Home Loan, it has a fee-free redraw facility, which allows you to withdraw any extra payments you’ve made on your home loan. If you like to know more how a redraw facility works on home loans, please check this page.


  3. Default Gravatar
    April 28, 2017

    simplicity plus – discounted rate at 4.03% is not introductory rate, is it? just because it says special discount, so i was wondering if it was introductory.

    • finder Customer Care
      LouMay 1, 2017Staff

      Hi Annah,

      Thanks for your question.

      The terms and conditions of the discounted rate of 4.03% did not mention that it is an introductory offer. The rate applies to applications received on or after Friday 22nd July 2016 and this offer may be withdrawn or changed at any time. The applicable interest rate may be amended or varied at any time.


  4. Default Gravatar
    MiriamMay 1, 2016

    I currently have an ANZ Simplicity Plus home loan. I now notice this does not have an offset account. If I were to change to another home loan at another bank with a better home loan package, what fees or costs would be associated with moving my existing loan to another bank?

    • finder Customer Care
      MarcMay 3, 2016Staff

      Hi Miriam,
      thanks for the question.

      This loan has a discharge fee of $160 which would apply if moving your loan from one bank to another. For other fees and charges it’s a good idea to contact ANZ and get a quote of the fees you’ll have to pay when exiting.

      I hope this helps,

  5. Default Gravatar
    PollyJuly 7, 2015

    I have a simplicity plus home loan and I wish to make large repayments which will pay off mortgage many years early as I turn 65 next Jan. What penalties and costs apply for early discharge if any and how can I avoid them?

    • Default Gravatar
      JodieJuly 8, 2015

      Hi Polly,

      Thank you for contacting a financial comparison website.

      ANZ fees for paying off your loan early during the fixed rate period, as this is a variable rate loan there may not be any fees associated with paying the loan off early but I would speak to ANZ directly to discuss your specific needs and how they can assist you with this.


  6. Default Gravatar
    ArnoldJune 17, 2015

    I have anz simplicity loan small mortgage $220,000 want to switch banks for lower rate and flexibility

    • finder Customer Care
      MarcJune 18, 2015Staff

      Hi Arnold,
      thanks for the question.

      You can compare refinancing loans in our guide to see what options you may have, and can enquire directly with the lender of your choosing by clicking the ‘Go to Site’ button.


  7. Default Gravatar
    BobDecember 5, 2014

    Hi i just have a few questions. Im looking to borrow $400,000 from the bank under me and my brother name but the problem is,i have one default on my credit file from 2010 for $230 dollars that i have paid i wanna to know can i get a loan approve by anz or the bank will decline the case

    • finder Customer Care
      ShirleyDecember 8, 2014Staff

      Hi Bob,

      Thanks for your question.

      These type of applications are handled on a case by case basis. It’s advisable to speak to ANZ directly and explain your situation.

      If you’re not eligible for the Simplicity Plus, ANZ will be able to advise on other options for your situation.


  8. Default Gravatar
    SalmanJuly 22, 2014

    i am a First Home buyer. I am looking to buy a block of land and then construct the house. Which loan will be suitable for me? Can I borrow 90% ? Whats’s the difference between Interest Rate & Comparison rate?

    • finder Customer Care
      MarcJuly 22, 2014Staff

      Hi Salman,
      thanks for the question.

      The loan which is suitable for you will depend on your individual circumstances, so it’s difficult for me to recommend one loan. Construction home loans are available for those looking to build a home, and these can save you interest charges as they allow you to only withdraw the money your builder requires rather than the whole loan amount.

      The interest rate is the amount of interest you’ll be charged for borrowing funds from a particular lender. The comparison rate is a version of this interest rate which takes into account certain fees charged as part of that specific home loan. Check out our guide for more information.

      If all this is overwhelming and you’d like professional advice, you can speak to a mortgage broker and find out more about what options could be available to you.


  9. Default Gravatar
    JaneFebruary 24, 2014

    Will I have to pay exit fees on my mortgage of approximately $150,000

    • finder Customer Care
      MarcFebruary 25, 2014Staff

      Hi Jane,
      thanks for the question!

      This depends on when you opened it. Exit fees are banned for new loans entered into after 1 July 2011, but there are still break costs available for fixed rate loans. A good way of finding out exactly how much you’d pay to leave your home loan is to call your provider up and get a quote.

      I hope this helps,

  10. Default Gravatar
    HannahSeptember 23, 2013


    We, my friends and I(3ppl) are gonna buy a land together, then planing to demolish the exist old house and subdivide in 3 lots. After built a new 3 houses for each!!!

    My question is that knock down and subdivision costs before start to built a new house, are into construction loan?
    Or construction loan is only payable for only construction costs for new house on empty lot to be ready to built?

    If Knock down and subdivision costs are not into a loan, do we have to pay by our own cash or any other option from lender?


    • finder Customer Care
      MarcSeptember 24, 2013Staff

      Hello Hannah,
      that sounds exciting!

      This will depend on the construction loan provider, but many will provide the funds to begin from the knockdown phase. A construction loan works by allowing you to withdraw set amounts of money at different required times. This means you can get access to funds for the knockdown, and then not have to withdraw any more money from your loan until the builder requires his/her first payment e.g after pouring the slab.

      You may want to consider comparing a range of construction loans and enquiring about how each of them work.

      I hope this helps,

ANZ Simplicity PLUS Home Loan

  • Interest Rate


  • Comparison Rate


  • App Fee / Annual Service Fee

    $0 / $0

  • Max LVR


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