ANZ Bank

ANZ Home Loans Australia

ANZ Bank is one of the four largest banks in Australia and one of the largest banks in the world. It is well positioned in the home loan market, especially with its connection to mortgage brokers and its nationwide branch network.

ANZ is mainly targeting standard low to medium risk borrowers such as first home buyers, owner occupiers and investors with simple income structures. It is often considered a “mainstream” lender rather than a specialist one because of its size and stability.

Its extensive branch network and digital banking tools also make it a good fit for customers who want online banking and face-to-face support.

ANZ First Home Buyer Bonus Offer

ANZ First Home Buyer Bonus Offer was introduced to help eligible buyers reduce their upfront costs after settlement.

Main features:

A one-time payment of up to $3,000
Paid after settlement is complete
Minimum loan amount is applicable
Only owner-occupier loans

Eligibility criteria:

Must be a first home buyer in Australia
Must not currently own or have owned residential real estate
Owner-occupied loan only
Minimum loan size (often $250,000+)
Settlement must take place within the required time frame (generally 180 days)

This bonus is generally used to help offset costs associated with settlement such as legal fees, moving or setup costs.

Types of ANZ Home Loans

ANZ offers three main types of home loans:

ANZ Standard Variable Loan

A loan that is variable and can adjust interest rates over time. It enables:

Additional repayments
Redraw facilities
Offset account options (package dependent)

Great for borrowers wanting flexibility and freedom to pay back.

ANZ Fixed Rate Loan

The interest rate is fixed for a set period (sometimes up to 10 years).

Predictable repayments
Protection from rising interest rates

Suitable for borrowers who want budget certainty.

ANZ Simplicity PLUS Loan

A low-fee variable rate loan:

No monthly fees
Additional repayments allowed
Redraw available

Best for borrowers who want simplicity and cost efficiency.

More ANZ Lending Options

ANZ also provides:

Home building construction loans
First home buyer guarantor mortgages
Professional LMI waivers for medical, accounting and legal professionals

These professional benefits can significantly reduce upfront costs, especially for high-income borrowers with smaller deposits.

ANZ Breakfree Package (No longer available)

ANZ previously offered the Breakfree Package which included:

Lower interest rates
Offset account access
Credit card rewards
Fee waivers

However, this package was withdrawn in March 2022 following regulatory concerns raised during the Banking Royal Commission regarding the application of discounts and fee benefits.

Final takeaway

ANZ Bank is a mainstream lender that’s suitable for borrowers with stable income, clean credit history and standard lending profiles.

Particularly good for:

First home buyers with strong financial discipline
PAYG employees with consistent income
Investors with simple structures
Borrowers who want major bank security

Less suitable for:

Self-employed borrowers with complex income
High-risk or low-deposit applicants
Borrowers needing highly flexible or non-standard lending solutions

We can help you compare ANZ with other lenders at FS Loan, accurately assess your borrowing capacity and structure your application to improve your chances of approval.

Call +123 456 7891 or check online to speak with an experienced mortgage broker.