ANZ Simplicity PLUS Home Loan

The ANZ Simplicity PLUS Home Loan offers a low variable interest rate, flexible repayments and no annual fees.

The ANZ Simplicity PLUS Home Loan keeps things simple, with competitive rates, flexible features and minimal fees, plus the option to make interest-only repayments.

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About this loan

What are the features and benefits of the 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 options. This allows the borrower to pay only the interest portion of their home loan for up to 5 years.
  • Repayment flexibility. 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 a no minimum redraw amount.
  • 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.
  • 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). You can borrow up to 90% but this may mean LMI costs and a higher interest rate.

What fees and charges come with this loan?

The ANZ Simplicity PLUS home loan has very few fees, and some are waived as part of a special offer:

  • 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.

How to apply

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.

Ask a question

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    Default Gravatar
    January 1, 2023

    Currently have approximately $122500 left on my mortgage. Property worth about $460000. Looking at lowering my current interest rate if possible down from 5.54%. I plan to also redraw 15-25000 in 2025 or 2026 to purchase a new or near new vehicle for myself.


      January 11, 2023

      Hi Peter,

      At Finder, we don’t issue home loans to borrowers. Instead, we provide general information. If you’re interested in this loan, you may start your application by visiting the website of ANZ. You may also speak with a mortgage broker to help you find more options.

      Kind regards,

      January 7, 2023

      Hi Peter,

      If your home loan is with ANZ already then you can call them directly to work out a lower interest rate and discuss their redraw options. Note that some lenders will have fees for redraw or specify minimum/maximum amounts.

      You might also find our guide on refinancing useful so that you can look into lowering your interest rate.

      You can also look at home loans that offer free redraw here.


    Default Gravatar
    April 5, 2019

    What is the difference between an application fee which is advertised as $0 and a settlement fee which is $160. To me they are the same!

      April 6, 2019

      Hi Sue,

      Thank you for reaching out to Finder.

      I understand that the application fee and settlement fee seems to be the same and could be confusing. An application fees are normally the upfront fee when you apply for a home loan. While a settlement fee is normally charged prior to the closing of a mortgage loan for expenses such as survey costs, appraisal (valuation) fee, attorney’s fee, insurance, etc.

      Hope this helps.

      Kind Regards,

    Default Gravatar
    June 4, 2017

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

      Default Gravatar
      June 4, 2017

      Hi Erika!

      Thanks for the comment.

      You can check your options on our guide about refinancing home loans.

      Once you’re on that page, please feel free to compare your options using our table.

      You can also ask for help from a mortgage broker. A mortgage broker is a professional who compares and helps you apply for home loans on your behalf. A good mortgage broker will give you personalised service all the way through to settlement.

      Hope this helps.


    Default Gravatar
    May 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!

      June 1, 2017

      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. Please read through our guide on how a redraw facility works on home loans to learn more.

      I hope this helps.


    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.

      May 1, 2017

      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.


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