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Home loan interest rate changes

ANZ regularly reviews its interest rates on home loans and residential investment loans, including following the Reserve Bank of Australia meetings. View the most recent home loan interest rate changes on this page.

For helpful tools, tips and options that could help you stay on top of home loan repayments, see understanding your loan.

 

The information on this page does not apply to ANZ Plus products. For details on ANZ Plus, please visit the ANZ Plus website or, if you are an existing customer, refer to the ANZ Plus app.

Rate announcement

18 February 2025

ANZ today announced it will decrease variable home loan interest rates in Australia. Effective 28 February 2025, ANZ will decrease variable interest rates for home, residential investment and line of credit home loans by 0.25% p.a.

ANZ variable interest rates

Principal and interest repayments

 

Loan type

Decrease

Index rate from 28 February 2025

Comparison rate from 28 February 2025disclaimer

ANZ Standard Variable Home Loan Index Rate

-0.25% p.a.

8.39% p.a.

8.39% p.a.

ANZ Standard Variable Residential Investment Property Loan Index Rate

-0.25% p.a.

8.99% p.a.

8.99% p.a.

ANZ Simplicity PLUS Home Loan Index Rate

-0.25% p.a.

7.74% p.a.

7.74% p.a.

ANZ Simplicity PLUS Residential Investment Property Loan (RIPL) Index Rate

-0.25% p.a.

7.74% p.a.

7.74% p.a.

 

Interest only repayments

 

Loan type

Decrease

Index rate from 28 February 2025

Comparison rate from 28 February 2025disclaimer

ANZ Standard Variable Home Loan Interest Only Index Rate

-0.25% p.a.

8.94% p.a.

8.94% p.a.

ANZ Standard Variable Residential Investment Property Loan (RIPL) Interest Only Index Rate

-0.25% p.a.

9.24% p.a.

9.11% p.a.

ANZ Simplicity PLUS Home Loan Interest Only Index Rate

-0.25% p.a.

7.94% p.a.

7.83% p.a.

ANZ Simplicity PLUS Residential Investment Property Loan (RIPL) Interest Only Index Rate

-0.25% p.a.

7.73% p.a.

7.74% p.a.

 

Products no longer available for sale

 

Loan type

Decrease

Index rate from from 28 February 2025

Comparison rate from 28 February 2025disclaimer

ANZ Home Equity Loan Index Rate

-0.25% p.a.

10.09% p.a.

n/adisclaimer

ANZ Equity Manager Index Rate

-0.25% p.a.

10.01% p.a.

n/adisclaimer

 

What this means for you

The rate decrease will be effective from 28 February 2025. You'll see your new interest rate in ANZ Internet Banking and the ANZ App from this date. For guidance on viewing your home loan account details in ANZ Internet Banking and ANZ App visit ANZ self service How to Guide (PDF).

How this impacts your variable home loan repayments

When there's an increase in the index interest rate applicable to your variable loan, your minimum repayment amount will generally increase. When there’s a decrease in the index rate applicable to your variable loan, your minimum repayment amount will generally decrease. We’ll let you know if there’s a change to your minimum loan repayments.

You may find a digital copy of this change notice within:

  • ANZ Internet Banking (select your Home loan account > Account actions > View statements > Notices tab) or the
  • ANZ App (select “Accounts” > tap your Home loan > tap the ‘Notices’ tab).

What you need to do

  • If you're making interest only repayments, the interest amount charged each month will automatically reflect the new interest rate applied to your loan. You won't need to do anything.
  • If you're making principal and interest repayments, you may need to adjust your existing direct loan payment amount.

Direct Loan Payment type

A direct loan payment is a recurring loan payment you have elected to make from an eligible ANZ or ANZ Plus account to your ANZ loan.

Bank Managed Payments

If your new minimum loan repayment amount increases and is more than your current direct loan payment amount:

  • ANZ will automatically increase your direct loan payment amount to meet the new minimum repayment amount on your loan. There is nothing you need to do.

If your new minimum loan repayment amount decreases and is less than your current direct loan payment amount:

  • ANZ may not automatically reduce your direct loan payment amount to the new minimum repayment amount on your loan.
  • You may be repaying more than the new minimum repayment amount on your loan. If you’re happy with this, there is nothing you need to do.
  • If you would like to reduce your direct loan payment amount (from your eligible ANZ or ANZ Plus account), you can request do so via ANZ Internet Banking 6 days prior to your new minimum loan repayment amount taking effect (refer to your notice of change to repayments for the effective date of your new minimum repayment amount).
  • If you are not already set up, register for ANZ Internet Banking.

Customer Managed Payments

If your new minimum loan repayment amount increases:

  • You are responsible for adjusting your direct loan payment amount manually and making sure you meet the minimum repayment amount on your loan.
  • You can request to amend your existing direct loan payment amount (from your eligible ANZ or ANZ Plus account), via ANZ Internet Banking. Read how to modify a direct loan payment. If you are not already set up, register for ANZ Internet Banking.

Please note: Reducing your loan repayments may result in your loan being repaid at a slower rate which may increase the amount of interest you pay over the term of the loan.

Check your interest rates

Here's how to check your home loan interest rate in ANZ Internet Banking.

  • Log in to ANZ Internet Banking
  • Select your home loan account
  • Select the Details tab
  • Expand the Interest and charges section by clicking on the arrow to the right

ANZ Internet Banking

Here's how to check your home loan interest rate in ANZ App.

  • Log in to the ANZ App
  • Select Accounts down the bottom
  • Select your home loan account
  • Select the Details tab
  • Expand the Interest and charges section by clicking on the arrow to the right

ANZ App

Estimate your new repayments

Enter your new interest rate into our home loan repayments calculator to get an estimate of your new repayments under that rate. If there is a change to your repayments we'll notify you of these changes.

Estimate your repayments

Get a free Home Loan Check In

An ANZ home loan check-in could help you find ways to fine-tune your home loan so it continues to meet your needs. A home loan check-in chat only takes 15 minutes, with no prep or paperwork. 

Request a Check In

Home Loan repayment support

If you find yourself worrying about or unable to keep up with your home loan repayments, we may be able to provide support options.

Find out more

Your home loan options

We have tools and options to help you stay on top of changing home loan repayments.

Switch to a lower rate home loan

Consider switching to our competitive basic variable interest rate. ANZ Simplicity PLUS is our basic home loan (no offset) that still gives you the flexibility of a variable rate loan, like the ability to pay it off sooner.

Change how you make repayments

Small changes to how you make repayments can make a big difference to the interest you pay on your loan. Depending on your circumstances, switching from monthly to fortnightly or weekly repayments could help reduce your total interest charges. You can request to modify the frequency of repayments via ANZ Internet Banking.

Fix or split your loan

If you’d like some more certainty about your repayment amounts, consider fixing your loan or splitting it into part variable, part fixed rate to hedge your bets. Learn more about splitting your loan.

Reduce your repayments to the minimum amount

If you’re currently paying more than the minimum repayment amount, you have the option to reduce your repayments to the minimum repayment amount via ANZ Internet Banking.

Reducing your loan repayments may result in your loan being repaid at a slower rate which may increase the amount of interest you pay over the term of the loan.

Offset your interest

If you have an eligible loan such as an ANZ Standard Variable loan or a one year ANZ Fixed loan, consider linking an ANZ One offset account to it (for a fee of $10 a month).disclaimer The more money you have in your linked offset account, the less interest you'll need to pay on your home loan. To maximise your savings even more, deposit your salary straight into your offset account.

Redraw if you're ahead

If you're ahead on your home loan repayments and you have an eligible loan, you may be able to access funds from the extra repayments made, or take a break from future scheduled repayments with ANZ Redraw.disclaimer

Extend your loan term

Extending your loan term could lower your repayments, which could help take the pressure off when rates rise and repayments increase. Talk to us to find out if this is an option for you. Note that extending your loan term may mean you’ll end up paying more in interest over the life of your home loan.

Switch to interest only repayments for a while

You may wish to consider applying to switch from principal and interest repayments to interest only repayments for a period of time, if it is suitable for you to do so. Keep in mind that making this change might increase the total interest you pay over the life of your loan.

Top up if you need to

You may be able to top up your existing variable rate loan, subject to credit approval. So, if you're looking to renovate, consolidate debts or buy a new car, you may be able to borrow additional funds against your existing home loan.

Refinance and consolidate debts

Consider how much equity you have in your property. If you have enough equity you may be able to consolidate any other debts you may have. Get an estimate of the equity you may have in your home, or book in a free home loan check-in.

Your questions answered

If you have an existing variable home loan with ANZ and there are changes to your minimum loan repayments, we’ll notify you in writing in the way you’ve chosen to hear from us. This notice will outline:

  • the new minimum repayment amount
  • from when it will take effect
  • any action you are required to take

A digital copy may be available in ANZ Internet Banking and in the ANZ App.

ANZ may also advertise changes to its rates in a national newspaper, or you can check our current interest rates any time.

ANZ will start using any new interest rate to calculate your accrued interest from the effective date. In the event ANZ announces an interest rate reduction, you will benefit from the reduced interest rate from the effective date.

You can view your current interest rate at any time in ANZ Internet Banking or the ANZ App.

See the “What this means for you” section at the top of the page.

See the “What this means for you” section at the top of the page.

We regularly review interest rates to ensure they reflect current market conditions.  Our review includes factors such as:

  • The cost of wholesale funding
  • Our competitive positioning
  • The impact of economic conditions on our customers
  • Regulatory requirements
  • Overall business performance

If you wish to change your direct loan payment amount, you can request to do so through ANZ Internet Banking.

If you want to reduce your existing direct loan payment (from an eligible ANZ or ANZ Plus account)  to any new minimum loan repayment amount following a rate reduction, you can request to do so via ANZ Internet Banking 6 days prior to your new minimum loan repayment amount taking effect (refer to your notice of change to repayments for the effective date of your new minimum repayment amount).

Please note: Reducing your loan repayments may result in your loan being repaid at a slower rate which may increase the amount of interest you pay over the term of the loan.

For additional assistance you can contact us:

 

Phone or internet banking

Another financial institution or salary deduction

If you make your payments via a direct loan payment from an ANZ or ANZ Plus account, adjustments can be requested via ANZ Internet Banking , via Message us in the ANZ App, or call ANZ Home Loans on 13 25 99 Mon - Fri 8am - 7pm (Sydney/Melbourne time).

If you make your payments via a transfer from an account held at another financial institution, or by salary deduction through an employer, you will need to provide instructions to your financial institution or your employer to change your repayment arrangements to reflect the new minimum repayment amount.

Please contact us so we can review your situation and explore the available options.

Learn more about Financial Hardship assistance

Customers on a hardship arrangement will have their variable index rate increased by the same amount as other customers on applicable variable rate products. If you have concerns, please contact us.

If you would like more information, refer to ANZ media centre or ANZ Home Loan interest rates, which will be updated on 28 February 2025 to reflect these changes, Message Us in the ANZ App, call ANZ Home Loans on 13 25 99 Mon – Fri 8am – 7pm (Sydney/Melbourne time) or visit any ANZ Branch.

Bank Managed versus Customer Managed payment type indicates whether the direct loan payment is managed by ANZ or by you.

If the field displays "Bank Managed Payment (direct loan payment)" this means that you have chosen this payment method as your only directly credited method of payment for this loan. Bank Managed Payments are managed by ANZ so they will be automatically increased, where necessary,if your minimum repayment amount is increased (e.g. due to an increase in interest rates).

ANZ may not automatically reduce your direct loan payment amount when your minimum repayment amount decreases. To decrease your direct loan payments after a rate reduction, you may be able to self-service via ANZ Internet Banking

If this field displays "Customer Managed Payment", then the payment is not managed by ANZ and you will need to manually adjust your direct loan payments via Internet Banking to ensure you meet your minimum repayment requirements. See instructions on Modify a direct loan payment.

Important information

All rates in this notice are current as at 28 February 2025. ANZ regularly reviews its interest rates and may change them from time to time. For details of current rates, please refer to ANZ interest rates.

Terms and conditions, fees and charges, and eligibility criteria (e.g. ANZ credit approval criteria) apply to ANZ loans.

If customers have questions about interest rates and their repayments, they should visit an ANZ branch, visit anz.com or contact ANZ on 13 25 99. 

Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522. Australian credit licence number 234527.

Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly payments. These rates are for secured loans only.

WARNING: This Comparison Rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

For interest only variable loans, the comparison rates are based on an initial 5 year interest only term.

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No comparison rate exists as there is no set repayment schedule for this product.

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Terms and Conditions and eligibility criteria apply to ANZ Redraw. ANZ Redraw is not available on loans in a company name. For further information on ANZ Redraw please refer to the ANZ Consumer Lending Terms and Conditions (PDF).

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A $10 servicing fee applies per month per ANZ One offset account. Please refer to ANZ Personal Banking Account Fees and Charges (PDF) for fees and charges that apply.

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