ANZ Plus home loan review
ANZ Plus is an online-direct lender, and Ratesniffers tracks 2 of its home loan products across variable, fixed and interest-only options. Its lowest variable rate Ratesniffers tracks is 6.25% p.a. That sits about 6 basis points above the market median of 6.19% p.a., so sharper variable rates exist elsewhere today.
Is ANZ Plus a good home loan lender?
ANZ Plus suits app based refinancers in six eligible states and territories with at least 20% equity and PAYG or rental income. Ratesniffers checked its published product and eligibility pages on 3 Sept 2026. It is a refinance only, variable only loan: no purchases, no fixed rates, no interest only, and no properties in Tasmania or the Northern Territory.
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.
The case for
- The ANZ Plus Home Loan Variable is applied for and managed entirely in the ANZ Plus app, with an optional offset created by linking an eligible account.
- Loan sizes run from $10,000 to $2,000,000, against a property valued at no more than $5,000,000.
- Guarantors are neither required nor permitted, and joint applications are accepted where both applicants meet every criterion and share finances.
- Australian and New Zealand citizens and Australian permanent residents aged 18 or over with PAYG or rental income can apply, and applicants who are not already ANZ Plus customers can open ANZ Plus Everyday and Growth Saver accounts to qualify.
- ANZ publishes the full eligibility test on its own site, including loan size, property and location gates, so the criteria are visible before applying.
What to weigh up
- Its sharpest variable rate sits above the market median of 6.19% p.a. in the rate snapshot on this page.
- It is for refinancing an existing home loan only. It is not available for a purchase, and an existing ANZ Plus home loan cannot be refinanced onto it.
- Lending is capped at 80% of ANZ's valuation of the property, and ANZ states the cap can be lower depending on location.
- Fixed rates and interest only repayments are not available, and the loan cannot be managed in ANZ Internet Banking or applied for in a branch without the ANZ Plus app.
- Properties in Tasmania and the Northern Territory are excluded. Eligible properties sit in the ACT, New South Wales, Queensland, South Australia, Victoria or Western Australia, and vacant land, properties under construction and off the plan purchases are out.
- The property must be freehold title, apart from leasehold in the ACT, residentially zoned, at least 50 square metres of living area excluding balconies and car space, and on no more than 2 hectares. Applicants who own commercial or industrial property, or who are a guarantor on another loan, are not eligible, and any additional funds cannot exceed the current loan balance or be used for a property purchase, debt consolidation or structural renovations.
Who ANZ Plus suits and who it does not
ANZ Plus tends to suit a refinancer with a straightforward residential property in the ACT, New South Wales, Queensland, South Australia, Victoria or Western Australia, PAYG or rental income, at least 20% equity, and a preference for doing the whole thing in an app. It suits nobody who is buying, wants a fixed rate or interest only repayments, holds a property in Tasmania or the Northern Territory, needs a guarantor, owns commercial or industrial property, or wants branch or internet banking servicing. ANZ's main brand carries the wider range for those cases.
ANZ Plus products in detail
Who can apply for an ANZ Plus home loan
ANZ publishes the eligibility test in full. Applicants must be 18 or over and an Australian or New Zealand citizen or an Australian permanent resident, earning PAYG or rental income, and either already an ANZ Plus customer or willing to open ANZ Plus Everyday and Growth Saver accounts before applying. Every borrower must be on the property title, joint applications are allowed where both parties meet the criteria and share finances, and an applicant cannot be a guarantor on any other loan or own commercial or industrial property. Borrowing runs from $10,000 to $2,000,000 at no more than 80% of ANZ's valuation, and existing ANZ customers may face limitations where another credit application is in progress.
Which properties ANZ Plus will refinance
The property has to sit in the ACT, New South Wales, Queensland, South Australia, Victoria or Western Australia, which rules out Tasmania and the Northern Territory. It must be residentially zoned, on freehold title apart from leasehold in the ACT, at least 50 square metres of living area excluding balconies and car space, on no more than 2 hectares, and valued at no more than $5,000,000. Vacant land, a property under construction and an off the plan purchase are all excluded. Additional funds are capped at the current loan balance and cannot be taken for a property purchase, debt consolidation or structural renovations.
ANZ Plus home loans: our verdict
ANZ Plus is a single digital refinance product rather than a full home loan range, so it is judged on fit rather than breadth. Ratesniffers found it lands well for an app based refinancer in an eligible state or territory with at least 20% equity, PAYG or rental income and a standard residential property under $5,000,000. Everyone buying, fixing, borrowing interest only, or holding property in Tasmania or the Northern Territory sits outside its published eligibility. Sources checked 3 Sept 2026.
Sources checked 3 Sept 2026: ANZ Plus, Digital home loans; ANZ Plus, Home loan eligibility requirements; ANZ Plus. Fees and product terms change, so confirm them with ANZ Plus before applying.
See if you can do better than ANZ Plus
The advertised rate isn't always the rate you'll be approved for. Compare ANZ Plus against the wider panel, or have your scenario negotiated, at no cost.