Your selected home loans
$3,000 cashback for eligible first home buyers
$2,000 cashback for eligible refinancers
No ongoing fees
There’s a $160 settlement fee, although that’s not too expensive relative to other providers
No offset account available with the Simplicity PLUS home loan.
Low upfront fees (just $160 for settlement), generous cashback offers, and a competitive interest rate make ANZ’s Simplicity PLUS (Special Offer) a serious contender for first home buyers and refinancers alike.
Relative to similar Big Four bank home loans, Simplicity PLUS comes with a competitive interest rate of 6.54% p.a. (6.54% p.a. comparison rate*).
An attractive cashback offer (one of the few still offered by lenders in 2024, according to Mozo data) of $3,000 for eligible first home buyers who borrow at least $250,000 at <80% LVR and settle within 180 days is also a big plus.
For refinancers moving over to ANZ from another lender (not including ANZ Plus or Suncorp), $2,000 in cashback is on the table, as long as their LVR is below 80% and they settle within 120 days.
There are also no ongoing fees on the Simplicity PLUS loan. However, a settlement fee of $160, a discharge fee of $160, and other fees may apply.
No ongoing fees can often mean less features and while there isn’t an offset account to speak of, you are able to make extra repayments and use your loan’s redraw facility for free.
Your selected home loans
I like ANZ for a few reasons 1 they did there research on me, yet were the only ones many years ago that gave me a reasonable home loan I sold my home, borrowed more and again they were by my side It hasn't been easy as a single mum so i really appreciate it My usual banking Bankwest who I was with for 20 years barely helped
Like any banks they need to make money. ANZ has a number of options to contact their home loan specialists which make it easy for you to get in contact with them. Downside is they won’t match lower interest rates from other providers who are generally only online banking.
Online app is limited with no ability to perform simple tasks like reduce limit or review rate. Wait times are excessive with rude staff who are not helpful.
Losing customer service focus Closing branches Basic banking almost impossible at some branches
It has been an ok experience. I like the text reminders about upcoming repayments too.
We have been dealing with Victoria (Manager)Nick. and Dana at ANZ for a few years now. We are so delighted with their service they always go out of their way to help us. In fact have helped us into two house. Other institutions may have better deals, but so confident and happy with the service, there is nothing that would sway us to go elsewhere
I have always had good service from ANZ even when we had some financial difficulties, they worked with us to help us manage our mortgage and get us back on track
ANZ has been the best out there in terms of competitive pricing and interest rate. But it’s disappointing that you really get left without any benefits. When I signed on with them years ago they had discounts for travel and free annual interest rate adjustments. We also had a credit card attached to it. But all of a sudden they pulled these features out. That was disappointing. Without the help of brokers it had been nearly impossible to adjust the interest rate.
We have banked with ANZ for years and customer service was always great but unfortunately they have closed down many country branches and only now have one teller at our local bank
Physical bank has closed its doors in our town making it difficult to see face to face
You can redraw the extra repayments you have made towards your home loan using ANZ Internet Banking, by calling ANZ on 1800 077 070, or by submitting a redraw request form that can be downloaded from the bank’s website.
ANZ only offers offset accounts on the following home loans:
The correct app is called ‘ANZ Australia’ if you have a home loan with ANZ. Using the app, you can see details about your home loan, including your interest rate, loan balance, redraw facility balance, and repayments.
However, if you’re a customer of ANZ Plus, then you’ll need to download the ANZ Plus app.
ANZ Plus is ANZ’s digital banking arm, only accessible through the ANZ Plus mobile app. While ANZ continues to offer more traditional banking through brick and mortar branches and online, ANZ Plus is meant to compete with the likes of CommBank’s digital banking service, Unloan.
* 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 for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.
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