ANZ Bank

ANZ Bank

Australia and New Zealand Banking Group (ANZ) is the largest banking group in New Zealand and the Pacific, operating in 33 markets globally.

Here is everything you need to know about obtaining a home loan from ANZ as an Australian Expat.
  • ANZ Breakfree
  • ANZ Standard Variable
  • ANZ Simplicity Plus
  • ANZ Fixed

ANZ Breakfree Package

The ANZ Breakfree Package offers customers a wide range of benefits for an annual fee. As one of ANZ’s most popular packages, borrowers can get a loan at a discounted interest rate. 

Borrowers with this package are entitled to ANZ’s everyday banking service and can benefit from other offers at ANZ such as credit card deals and insurance. 

With this package, borrowers pay an annual fee of $395. They are then given the choice of fixed or variable home loan options and a number of fees including Loan Approval Fee and Valuation Administration Fee will be waived. This choice will allow customers to access an interest rate discount of up to 1.40% p.a.

This choice will allow customers to access an interest rate discount of up to 2.10% p.a.

ANZ Standard Variable

ANZ’s standard variable home loan gives you the flexibility you need to react to any financial changes in your life. With this package, borrowers also have the option to pay to make extra repayments and pay off the loan earlier. 

This is done by utilising the ANZ One offset account and redraw facility, allowing you to choose the loan term and repayment frequency.

As with the majority of variable home loans, interest rates will be subject to change through the lifetime of the loan. At ANZ, the minimum loan amount is $20,000 with a maximum loan term of 30 years. You will need to pay a Loan Approval Fee of $600 and a Loan Administration Charge of $5 per month.

ANZ Simplicity Plus

The ANZ Simplicity Plus package gives you a competitive variable rate with only the basic features of a home loan. This allows ANZ customers to access a lower variable rate than that offered by the Standard Variable Home Loan Package but without any fees being waived.   

The minimum loan amount is $50,000 and the one-off Loan Approval Fee is set at $600. This package allows you to make extra repayments and redraw those funds if you need to. However, this product has no offset account.

If you’re struggling to decide which loan fits your financial situation best, why not contact us today and we’ll find out for you.

ANZ Fixed Home Loan

 

Pros and Cons

Before choosing ANZ, take a look at the advantages and disadvantages of their services.

Pros Cons
Overseas residents can borrow up to 80%
Foreign income applications will be faced with tougher servicing assessments.
ANZ offers cashback and rebates for refinancing purposes.
ANZ will not accept foreign rental income.
ANZ accepts the majority of foreign currency income.
Australian tax rates are applied on all income.
ANZ sometimes offers cashback and rebates for refinancing purposes.
ANZ has a number of features attached to its home loan packages.

Allow us to find you the perfect home loan.​

Apply online to get expert recommendations with real interest rates and repayments.

Mortgage Features

Here are the main features of Westpac’s mortgage packages.

Feature Details
Deposit Size
ANZ prefers a home loan deposit of 20% or more when applying for a home loan.
Offset Account
A transaction account linked to home or investment loans. This account can be used to offset the amount you owe on the loan, and ANZ will only charge the interest in the difference.
Repayment Options
Depending on your loan type, repayments can be made weekly, fortnightly or monthly via ANZ’ Internet Banking services.
Package Benefits
With ANZ packages, borrowers can access lower interest rates, free offset account, credit card and benefit from waived fees.
Interest Rates
With the Breakfree package, borrowers can access a discount up to 2.10%
Expat Information
ANZ can assist loan applications in a variety of foreign currencies.

Mortgage Features

Mortgage Features

As one of the biggest Australian lenders, ANZ has a wide range of home loan packages. This ranges from basic home loans all the way up to packages with extra benefits.

ANZ supports foreign currencies as part of your home loan application.

The standard ANZ home loan will require a 20% deposit.

The Breakfree package allows borrowers to access benefits on credit cards and insurance.

Feature Details
Deposit Size
ANZ prefers a home loan deposit of 20% or more when applying for a home loan.
Offset Account
A transaction account linked to home or investment loans. This account can be used to offset the amount you owe on the loan, and ANZ will only charge the interest in the difference.
Repayment Options
Depending on your loan type, repayments can be made weekly, fortnightly or monthly via ANZ’ Internet Banking services.
Package Benefits
With ANZ packages, borrowers can access lower interest rates, free offset account, credit card and benefit from waived fees.
Interest Rates
With the Breakfree package, borrowers can access a discount up to 2.10%
Expat Information
ANZ can assist loan applications in a variety of foreign currencies.

How Do I Apply?

When applying for a home loan with ANZ, you will need to meet the eligibility criteria and have a number of documents ready.

Eligibility

  • Be over the age of 18.
  • Be an Australian or New Zealand citizen or permanent resident.

Documents required

When you apply got a home loan with ANZ you will be required to supply the following documents before you apply:

Form of Identifiation

Passport, driver licence, birth certificate etc.

Income

Bank account statements showing three months of salary income.

Financial Position

Assets like shares and vehicles, liabilities such as credit card limits and living expenses.

Property Details

Mortgage and rental income statements.

Allow us to find you the perfect home loan.​

Apply online to get expert recommendations with real interest rates and repayments.

Other Related Products

ANZ Bridging Finance

If you would like to buy a property before selling an existing one, ANZ Bridging Finance allows you to do this. The loan term for this product is 6 months (12 months if your property is being constructed) and ANZ standard variable interest rates apply.

ANZ Supplementary Loan 

If you already have an ANZ home loan and have equity in that property, you can tap into that equity with a supplementary loan. The maximum loan term is 10 years but you could negotiate with ANZ should you need to extend the term.

Similar Lenders

If you’re interested in Australia’s biggest banks you can also compare loans from ANZ’s Big Four rivals.

More home loan questions

For the majority of ANZ home loans, interest will be calculated daily and charged to you monthly. ANZ offers many different types of home loans such as its Brekfree package, Standard Variable Home Loan, and Simplicity Plus. Borrowers are able to pick a package and benefit from fee waivers and discounted offers on credit cards.

 The Investment ANZ Standard Variable home loans the discounted principal & interest rate is from 3% p.a. On fixed-rate home loans, 1-year fixed will have an interest rate of 2.54% and 5-year fixed will have an interest rate of 2.94%. ANZ Simplicity Plus home loans can range from 3.12%. Please refer to our Rates page for more information. rate discount of up to 2.10% p.a.

You can easily connect your accounts to ANZ online banking in three different ways. Firstly, use the ANZ link account function which will take 24-48 hours. Secondly, contact the ANZ Internet Banking team directly via phone or email. Finally, you can visit your local ANZ branch and your accounts can be linked immediately.