How do I compare ANZ home loans?

To make sure you find the right ANZ loan you need a clear idea of what you're looking for in a mortgage. These simple questions can help: Do you want help from an actual person? Because ANZ has a large network of branches, you can talk to staff in person when you need home loan help. This is something online lenders and smaller banks may not be able to offer. What do you need the loan for? If you're buying a home to live in, you need an owner-occupier loan. Property investors need an investment loan rate. ANZ has both. Fixed or variable? Do you want the flexibility of a variable rate loan that could rise or fall at any time? Or are you happy to lock in a fixed rate for a certain period so you can forget about rate changes? What features do you need? You need to decide whether you need features like a 100% offset account, the ability to make extra repayments and the option to split your rate.

Does ANZ offer home loan pre-approval?

ANZ offers pre-approval. You can apply for pre-approval with ANZ online. Please note that the lender will conduct a credit check, which may impact your credit history. Home loan pre-approval is an optional step in the application process that some lenders offer. Pre-approval means a lender has examined your savings, income and spending habits and has a rough idea of how much it could lend you. It's not the same as full loan approval and it's no guarantee that the lender will ultimately approve a full application. But it does allow borrowers to start looking for a home with more confidence and a clearer idea of their borrowing power.

Are there any risks going with a smaller lender?

Most Australian borrowers bank with one of the Big Four (Commbank, Westpac, NAB and ANZ). They have physical branches and ATMs in most locations and strong customer support. These are big advantages. But if you're worried that smaller lenders are unsafe or less reliable, you probably shouldn't. In Australia, most lenders are authorised deposit-taking institutions (ADIs) and are regulated by the Australian Prudential Regulation Authority (APRA). Almost every lender has a banking licence or partners with a bank. There's an assumption that interest rates from the Big Four are less competitive than smaller lenders. And while this is broadly true, the gap has shrunk dramatically in recent years. You can get a very good deal from lenders large and small.

Should I go with a fixed or variable rate?

Deciding between a fixed or variable rate depends on what you want from the loan. A variable rate loan can change at any time, either up or down. A variable rate usually offers more flexibility in how fast you can repay the loan and the cost of refinancing. A fixed rate loan offers total certainty about your rate, for the fixed period. This means it won't rise, costing you more. But if your lender starts lowering rates you won't benefit either. Refinancing a fixed rate loan means breaking the loan, because you've agreed to a specific rate. This means you may have to pay a fixed rate break fee.

Do I need a mortgage broker?

Mortgage brokers are home loan professionals who can help you find a suitable loan. A broker typically charges you no fee, because they receive a commission from your lender. Brokers are great if you are short on time or find the whole process of researching and applying for a home loan confusing. But you can definitely do it yourself and find a good loan. You may even find a better deal. That's because brokers don't compare loans from every lender in the market. They have access to a panel of loans and often don't have smaller online lenders in their panel.

ANZ Home Loans: Rates from 6.5%

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ANZ is one of Australia's biggest lenders and has a large range of home loan products. This includes package home loans with lots of extra features and simpler loans with just the basics.
The lender has a nationwide network of physical branches plus phone support and online support.
You can get some ANZ home loans with a deposit as low as 10%, but many loans require a standard 20% deposit.

Compare ANZ home loans for November 2026

5 of 83 results

Finder Score	Interest Rate p.a.	Comparison Rate p.a.	Fees	Features	Monthly Payment
Finder score 8.7 Great ANZ Plus Home Loan Variable Rate	Finder score 8.7 Great	Interest Rate 6.50%	Comparison Rate 6.50%	Fees Application: $0 Ongoing: $0 p.a.	Principal & Interest20% min. equityOwner-occupier	Monthly Payment $3,164 per month	Enquire now View details Compare product selectionCompare	loading
Finder score 8.5 Great ANZ Simplicity PLUS Home Loan	Finder score 8.5 Great	Interest Rate 6.94%	Comparison Rate 6.94%	Fees Application: $0 Ongoing: $0 p.a.	Principal & Interest30% min. equityInvestment	Monthly Payment $3,310 per month	Enquire now View details Compare product selectionCompare	loading
Finder score 8.5 Great ANZ Simplicity PLUS Home Loan	Finder score 8.5 Great	Interest Rate 6.64%	Comparison Rate 6.64%	Fees Application: $0 Ongoing: $0 p.a.	Principal & Interest40% min. equityOwner-occupier	Monthly Payment $3,210 per month	Enquire now View details Compare product selectionCompare	loading
Finder score 8.5 Great ANZ Simplicity PLUS Home Loan	Finder score 8.5 Great	Interest Rate 6.89%	Comparison Rate 6.89%	Fees Application: $0 Ongoing: $0 p.a.	Principal & Interest40% min. equityInvestment	Monthly Payment $3,293 per month	Enquire now View details Compare product selectionCompare	loading
Finder score 8.4 Great ANZ Simplicity PLUS Home Loan	Finder score 8.4 Great	Interest Rate 6.69%	Comparison Rate 6.69%	Fees Application: $0 Ongoing: $0 p.a.	Principal & Interest30% min. equityOwner-occupier	Monthly Payment $3,226 per month	Enquire now View details Compare product selectionCompare	loading

Showing 5 of 83 results

How to apply for a ANZ home loan

When applying for any home loan, you will need key documents to establish your identity, your financial situation, employment status and property information. Eligibility rules vary, but typically you'll need to meet these criteria:

Age. You must be over 18 years of age.
Residency. You should be a resident of Australia.
Employment. You should have a regular source of income.

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ANZ home loan FAQs

To make sure you find the right ANZ loan you need a clear idea of what you're looking for in a mortgage. These simple questions can help:
- Do you want help from an actual person? Because ANZ has a large network of branches, you can talk to staff in person when you need home loan help. This is something online lenders and smaller banks may not be able to offer.
- What do you need the loan for? If you're buying a home to live in, you need an owner-occupier loan. Property investors need an investment loan rate. ANZ has both.
- Fixed or variable? Do you want the flexibility of a variable rate loan that could rise or fall at any time? Or are you happy to lock in a fixed rate for a certain period so you can forget about rate changes?
- What features do you need? You need to decide whether you need features like a 100% offset account, the ability to make extra repayments and the option to split your rate.
ANZ offers pre-approval. You can apply for pre-approval with ANZ online. Please note that the lender will conduct a credit check, which may impact your credit history.
Home loan pre-approval is an optional step in the application process that some lenders offer. Pre-approval means a lender has examined your savings, income and spending habits and has a rough idea of how much it could lend you. It's not the same as full loan approval and it's no guarantee that the lender will ultimately approve a full application. But it does allow borrowers to start looking for a home with more confidence and a clearer idea of their borrowing power.
Most Australian borrowers bank with one of the Big Four (Commbank, Westpac, NAB and ANZ). They have physical branches and ATMs in most locations and strong customer support. These are big advantages.
But if you're worried that smaller lenders are unsafe or less reliable, you probably shouldn't. In Australia, most lenders are authorised deposit-taking institutions (ADIs) and are regulated by the Australian Prudential Regulation Authority (APRA). Almost every lender has a banking licence or partners with a bank.
There's an assumption that interest rates from the Big Four are less competitive than smaller lenders. And while this is broadly true, the gap has shrunk dramatically in recent years. You can get a very good deal from lenders large and small.
Deciding between a fixed or variable rate depends on what you want from the loan. A variable rate loan can change at any time, either up or down. A variable rate usually offers more flexibility in how fast you can repay the loan and the cost of refinancing.
A fixed rate loan offers total certainty about your rate, for the fixed period. This means it won't rise, costing you more. But if your lender starts lowering rates you won't benefit either. Refinancing a fixed rate loan means breaking the loan, because you've agreed to a specific rate. This means you may have to pay a fixed rate break fee.
Mortgage brokers are home loan professionals who can help you find a suitable loan. A broker typically charges you no fee, because they receive a commission from your lender. Brokers are great if you are short on time or find the whole process of researching and applying for a home loan confusing. But you can definitely do it yourself and find a good loan. You may even find a better deal. That's because brokers don't compare loans from every lender in the market. They have access to a panel of loans and often don't have smaller online lenders in their panel.

Compare other products from ANZ

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.

What is Finder Score?

The Finder Score crunches 7,000 home loans across 120+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.

To provide a Score, we compare like-for-like loans. So if you're comparing the best home loans for cashback, you can see how each home loan stacks up against other home loans with the same borrower type, rate type and repayment type. We also take into consideration the amount of cashback offered when calculating the Score so you can tell if it's really worth it.

Read the full breakdown

Thank you for your feedback!

Written by

Richard Whitten

Senior Money Editor

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Richard Whitten is Finder’s Senior Money Editor, with over eight years of experience in home loans, property, credit cards and personal finance. His insights appear in top media outlets like Yahoo Finance, Money Magazine, and the Herald Sun, and he frequently offers expert commentary on television and radio, helping Australians navigate mortgages and property ownership. Richard started his career in education and textbook publishing in South Korea. He holds multiple industry certifications, including a Certificate IV in Mortgage Broking (RG 206) and Tier 1 and Tier 2 certifications (RG 146), as well as a Bachelor of Education from the University of Sydney and a Graduate Certificate in Communications from Deakin University. See full bio

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26 Responses

JulianneJune 11, 2015

I need a gift letter stat declaration from my mum to give to ANZ. Which form do I use?

BelindaJune 12, 2015

Hi Julianne,

Thanks for your enquiry.

Depending on the home loan that you’re applying for, you’ll need to contact ANZ directly to access the relevant gift letter declaration form.

Thanks,
Belinda

trevorMay 28, 2015

hi we are trying to buy we have 20 thousand in the bank a guarantor but we are on disability pension carers pension and a single mothers pension can you help kind regards .Trevor

BelindaJune 1, 2015

Hi Trevor,

Thanks for reaching out to finder.com.au.

Lenders treat these applications on a case-by-case basis but you’ll need to provide evidence of your pension support and ability to use this income to service the loan.

If you’re considering an ANZ home loan, I suggest that you contact ANZ directly.

Thanks,
Belinda

KarynMay 26, 2015

I’m enquiring about Mortgage Payment Holiday periods. Does ANZ offer these options?

BelindaMay 29, 2015

Hi Karyn,

Thanks for your enquiry.

It is possible to apply for a mortgage payment holiday period or a repayment reduction for a set amount of time with ANZ.

Please contact ANZ to discuss your options.

Thanks,
Belinda

AvinApril 27, 2015

Does the 95LVR include or exclude LMI to buy either a investment property or a PPOR?
Thanks

BelindaMay 20, 2015

Hi Avin,

Thanks for your enquiry.

ANZ usually requires LMI whenever the Loan to Value Ratio (LVR) is above 80%. However, LMI may be required when LVR is below 80% for some types of property.

Should you have any further enquiries about LMI for an ANZ home loan, please contact ANZ directly.

I hope this helps.

Thanks,
Belinda

AvinMay 20, 2015

Thanks for your reply but that’s not the answer I was looking for. I know for a fact that there is LMI involved of the LVR is above 80%.
Cheers

BelindaMay 29, 2015

Hi Avin,

Thanks for reaching out, and apologies if I didn’t provide the answer you were looking for.

I can confirm that LMI can be capitalised within your loan at an additional 2% borrowing on top of your overall loan balance.

For example, 90% borrowing + 2% LMI would amount to 92% total borrowing amount.

To include LMI within the LVR, you would require a 5% deposit and then the LMI would be capitalised into the loan up to 97%.

I hope this clarifies things for you.

Thanks,
Belinda

amyJanuary 28, 2015

is it possible to release some of your guarantors equity ? so they are still a guarantor but the amount for lowers a bit as our own equity has gone up $50,000

Finder

ShirleyJanuary 28, 2015Finder

Hi Amy,

Thanks for question.

Yes it’s possible to release some of your guarantor’s equity, though ANZ will need to make an assessment and make a decision based on that.

If you would like to proceed, please get in touch with ANZ directly.

Cheers,
Shirley

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ANZ home loans

ANZ has home loans for owner-occupiers and investors, with rates starting from 6.5%.