ANZ home loan review
ANZ is an established Australian lender, and Ratesniffers tracks 35 of its home loan products across variable, fixed and interest-only options. Its lowest variable rate Ratesniffers tracks is 6.01% p.a., and its lowest fixed rate is 6.49% p.a. That sits about 18 basis points below the market median of 6.19% p.a., putting it among the more competitive lenders right now.
Is ANZ a good home loan lender?
ANZ suits borrowers who want a branch network behind a loan with no set up or ongoing bank fees. Ratesniffers checked its published product comparison, offset and fee documents on 3 Sept 2026. The trade-off is that its packaged discount structure has gone and the offset is a paid monthly extra rather than an included feature.
What we looked at
Ratesniffers ranked and described this lender from the verified rate snapshot on this page, then read the lender's own published product pages and fee documents listed under Sources below. Sources were checked on 3 Sept 2026. There are no scores, no stars and no user reviews here, only what the lender publishes and what the snapshot shows.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
The information provided on this site is general in nature and does not take into account your objectives, financial situation or needs. Before acting on any information, consider whether it is appropriate for you and read the relevant Credit Guide and lender disclosures.
ANZ home loan interest rates by term
The lowest owner-occupier, principal and interest rate ANZ has published per term, from the same rate snapshot as the panel above.
| Term | Interest rate | Comparison rate |
|---|---|---|
| 1-year fixed | 6.49% p.a. | Not available |
| 2-year fixed | 6.49% p.a. | Not available |
| 3-year fixed | 6.64% p.a. | Not available |
| 5-year fixed | 6.69% p.a. | Not available |
The case for
- Its sharpest variable rate sits below the market median of 6.19% p.a. in the rate snapshot on this page.
- ANZ states there are no ANZ set up or ongoing fees on its Standard Variable, Simplicity PLUS and fixed rate home loans, with the optional ANZ One offset account billed separately at $10 a month on the Standard Variable and 1 year fixed loans.
- The general fee schedule confirms ANZ does not charge a loan approval fee, a valuation administration fee or a monthly loan administration charge on a new home loan.
- Redraw from extra repayments is available with no minimum redraw amount, through internet banking, a request form or by phone.
- The Standard Variable Rate Home Loan has a $20,000 minimum loan and a term of up to 30 years.
- Applications can be started online and completed with a specialist by phone, video call or in person at a branch.
What to weigh up
- The ANZ Breakfree Package was discontinued on 10 September 2022, so the old packaged fee waivers are no longer offered.
- The ANZ One offset account costs $10 a month per account, and an eligible loan can be linked to only one offset account.
- ANZ Simplicity PLUS has no offset option at all, and a $50,000 minimum loan.
- Fixed rate loans other than the 1 year term provide no access to an everyday offset account or to redraw.
- Locking a fixed rate costs $750 per $1 million of the loan amount or part of it, and the late payment fee is $20 a month.
Who ANZ suits and who it does not
ANZ tends to suit borrowers who want branch, phone and video servicing from one of the largest lenders, and who are comfortable paying $10 a month for a single offset account rather than an annual package fee. It suits less well for anyone who wants multiple offset accounts, since an eligible ANZ loan links to only one, or an offset against a longer fixed term, which ANZ does not offer.
ANZ home loans: our verdict
ANZ is a credible choice whose lowest variable rate of 6.01% p.a. currently sits about 18 basis points below the market median, which is competitive today (last updated 23 Sept 2026). Whether it's right for you comes down to your deposit, the features you'll use, and how its real approved rate compares, so treat the headline as a starting point, not the final answer.
Sources checked 3 Sept 2026: ANZ, Compare home loans; ANZ, ANZ One offset account; ANZ, Redraw; ANZ, Breakfree Package; ANZ, Personal banking general fees and charges; ANZ, ANZ completes acquisition of Suncorp Bank. Fees and product terms change, so confirm them with ANZ before applying.
See if you can do better than ANZ
The advertised rate isn't always the rate you'll be approved for. Compare ANZ against the wider panel, or have your scenario negotiated, at no cost.