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 6.29% p.a. (6.29% p.a. comparison rate*).
An attractive cashback offer (one of the few still offered by lenders in 2025, 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
Switched from CommBank who could never help us in any way shape or form, to anz which can’t do enough for us, so happy.
ALL BANKS MAKE TOO MUCH MONEY OFF OF THEIR CUSTOMERS THIS BANK HAS BETTER CUSTOMER SERVICE.
ANZ have always look after our home loan, even when we had a little trouble with our business they refinanced to accommodate our needs to manage the repayments. They contact us to see how we are going with managing the loan or any other services they can help us with.
We changed from Comm Bank two years ago and have been really happy with ANZ.
The interest rates were less competitive compared to other lenders offering similar products. The offset account feature itself is only really beneficial if you can maintain a large balance, which isn't always practical. For someone who doesn't have significant savings sitting in the account, the savings from reduced interest are minimal and don't offset the higher costs. It feels like you’re paying for a feature that most average borrowers won’t fully take advantage of, and for that reason, I don’t think it offers great value unless you’re in a strong financial position to use the offset feature to its full potential.
A roof to shelter dreams so grand, ANZ guided me with a steady hand. Friendly voices on the other end of the line, Their insights made each decision align. Their rates shone bright—competitive indeed, Transparency in fees met every need. The app was a breeze, a modern delight, Tracking repayments any day or night. Yet forms piled high, a paper parade, Repeating details left me slightly dismayed. Approval took longer than I hoped or planned, Patience was tested—still, I understand. But when I hold those keys close to my heart, I cherish the journey from the very start. Despite small hurdles along the way, ANZ’s support carried me through each day. If a home loan you seek, with guidance so true, Know that ANZ’s approach can work for you. The pros shine brightly, outshining the rest, They helped me find comfort, my very best.
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
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.
^See information about the Mozo Experts Choice Home Loan Awards
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