ANZ vs NAB home loans November 2026

Ratesniffers rates checked 9 November 2026. On the exact owner-occupier principal-and-interest row at 80% LVR, ANZ is sharper on comparison rate by 57 basis points: 6.79% p.a. (6.79% comparison rate) against 7.24% p.a. (7.36% comparison rate) for NAB. Interest rate and comparison rate come from the same product row.

Rates checked 9 November 2026 · checked daily against each lender's current published pricing · machine-readable at /rates.json

ANZ vs NAB at a glance

ANZ and NAB on the standard owner-occupier principal-and-interest scenario at 80% LVR, from the matrix snapshot dated 9 November 2026. Fee, feature and policy rows carry their own verification date on each lender page.
Feature	ANZ	NAB
Compared product	Simplicity Plus 70% - 80% LVR Owner Occupied P&I	Tailored Home Loan Standard Variable Owner Occupied 70% - 80% LVR P&I
Variable rate and comparison rate	6.79% p.a. (6.79% comparison rate)	7.24% p.a. (7.36% comparison rate)
3-year fixed rate and comparison rate	6.89% p.a. (7.31% comparison rate)	6.92% p.a. (7.27% comparison rate)
Scope of the compared rate	Owner-occupier, principal and interest, 80% LVR	Owner-occupier, principal and interest, 80% LVR
Published LVR scope	Lenders mortgage insurance generally applies above 80% of property value	Unavailable
Offset	An ANZ One offset account carries a $10 monthly account servicing fee	Up to ten offset accounts on the variable rate with offset product, and none on a fixed rate loan
Redraw	Available on at least one tracked product	Available on at least one tracked product
Package fee	No package fee and no set-up or ongoing fee on a new home loan	$395 a year for the NAB Choice Package
First home buyer scheme	Listed as a participating lender, 5% Deposit Scheme	Listed as a participating lender, 5% Deposit Scheme
Products tracked	73	80
Approved cashback register	$3,000, conditions apply	Unavailable

Promoted rate comparisons require exact owner-occupier principal-and-interest rows at 80% LVR from the snapshot dated 9 November 2026, on both sides. “Unavailable” means a two-sided comparison cannot be substantiated, not that a lender has no product or no such feature.

*Important Information and Comparison Rate Warning

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.

Is ANZ or NAB cheaper?

As at 9 November 2026, ANZ is the cheaper of these two products on comparison rate at 80% LVR for owner-occupier principal and interest: 6.79% p.a. (6.79% comparison rate) against 7.24% p.a. (7.36% comparison rate). On a $500,000 loan over 30 years the headline gap is about $151 a month before fees. Approved pricing still varies by file.

ANZ versus NAB on fees

Fees as at 3 September 2026. ANZ lists no package fee and no set-up or ongoing fee on a new home loan. NAB lists $395 a year for the NAB Choice Package. The comparison rate folds ongoing fees into the figure, so a sharper headline rate paired with a higher annual fee can finish behind a plainer loan.

ANZ versus NAB for refinancing

Refinancing as at 3 September 2026. ANZ: no ANZ set-up or ongoing fee applies when you refinance to ANZ. NAB: a loan can be split between fixed and variable portions on one property. A refinance turns on the comparison rate, the exit and establishment costs on both sides and the LVR the new valuation lands you at.

ANZ versus NAB for first home buyers

First home buyers, as at 3 September 2026. On the Australian Government 5% Deposit Scheme participating lender list, ANZ is listed and NAB is listed. Eligibility rules and property price caps apply either way, and a lender that is not listed can still lend at a low deposit with lenders mortgage insurance payable.

Which suits an investor?

No verified investor record is published for ANZ or NAB yet, so no investor comparison is drawn here. Each lender's investor pricing sits on its own lender page, linked below. Investor pricing, interest-only terms and LVR ceilings sit apart from the owner-occupier row this page compares.

Who should choose ANZ

ANZ tends to suit borrowers who want big-four scale and an international banking footprint, borrowers who want a no-ongoing-fee variable loan in Simplicity PLUS, and anyone chasing a long fixed term, since ANZ quotes fixed periods out to ten years where most lenders stop at five. The comparison table above is the price check, and this section is the fit check.

Who should choose NAB

NAB tends to suit borrowers who want big-four scale backed by a strong regional and rural branch commitment, offset users, since its variable loan with offset carries up to ten offset accounts, and borrowers who want to split fixed and variable in one loan. The comparison table above is the price check, and this section is the fit check.

Head-to-heads that share a lender with this one: CommBank vs NAB, Westpac vs ANZ, CommBank vs ANZ. Full product detail sits on the ANZ and NAB lender pages, with the candid write-ups on the ANZ review and the NAB review.

Not sure which one fits your scenario?

Advertised rates aren’t always the rate a lender approves. Get the sharper of the two negotiated against your specific numbers, at no cost.

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ANZ vs NAB: frequently asked questions

Who has the lower home loan rate, ANZ or NAB?

At 80% LVR as at 9 November 2026, ANZ is sharper on comparison rate by 57 basis points, at 6.79% p.a. (6.79% comparison rate) against 7.24% p.a. (7.36% comparison rate).

What's the difference between ANZ and NAB home loans?

Beyond the rate, compare offset coverage, redraw rules, package fees, published LVR scope and deposit-scheme participation. The table above carries each of those where the fact has been verified against the lender's own documents, and reads "Unavailable" where it has not.

Does ANZ or NAB charge a package fee?

ANZ lists no package fee and no set-up or ongoing fee on a new home loan. NAB lists $395 a year for the NAB Choice Package. The comparison rate already folds ongoing fees into the figure, so weigh the annual fee against the headline rate rather than reading either on its own.

Can first home buyers use the 5% Deposit Scheme with ANZ or NAB?

ANZ is listed as a participating lender for the Australian Government 5% Deposit Scheme. NAB is listed as a participating lender for the Australian Government 5% Deposit Scheme. The scheme's eligibility rules and property price caps apply regardless, and the current participating lender list is the primary check.

Do ANZ and NAB both offer an offset account?

ANZ: an ANZ One offset account carries a $10 monthly account servicing fee. NAB: up to ten offset accounts on the variable rate with offset product, and none on a fixed rate loan. Offset rules differ by product, so check the offset terms on the specific loan rather than at the brand level.

Is it worth switching from ANZ to NAB?

It depends on the balance, the switching costs and the rate approved on the file. The exact 80% LVR comparison rates dated 9 November 2026 differ by 57 basis points. Weigh that against exit and establishment costs before deciding.

How often are ANZ and NAB rates updated?

Promoted rate comparisons on this page use exact owner-occupier principal-and-interest rows at 80% LVR from the snapshot dated 9 November 2026, checked daily against each lender's current published pricing. Fee, feature and policy rows carry their own verification date and do not drive a rate winner.