Home loan rates, fees and agreements

Interest rates

The following information is current from  and is subject to change. You should seek confirmation of interest rates from ANZ before you take out any home loan.

ANZ lending criteria, terms, conditions and fees apply. Interest rates are subject to ANZ lending criteria, terms, conditions and fees apply. Interest rates are subject to change. 

We calculate interest on any amounts you owe on your loan or facility daily. For ANZ Home Loans, we charge interest to your loan monthly in arrears on the first business day of the month. See our ANZ Home Loan Terms and Conditions (PDF 169KB) for details.

For ANZ Flexible Home Loans, we charge interest to your account monthly in arrears on the last business day of the month. See our ANZ Flexible Home Loan Terms and Conditions (PDF 142KB) for details.


Fixed rates

Special interest rate*

Standard interest rate

6 months

% p.a.

% p.a.

1 year

% p.a.

% p.a.

18 months

% p.a.

% p.a.

2 years

% p.a.

% p.a.

3 years

% p.a.

% p.a.

4 years

% p.a.

5 years


% p.a.


The above rates may be in the process of changing and thus may vary for existing customers.

If you do not pay amounts when they are due, we can charge you interest on those amounts at the default interest rate, which is your interest rate + 5.00% p.a.

* Special interest rate conditions

Minimum 20% equity, ANZ transaction account with salary direct credited. Not available with package discounts. Otherwise, standard rate applies.

Interest rates are subject to change. Lending criteria, terms, conditions, and fees apply.


Good Energy Home Loan Top Up

Term

Interest rate

Good Energy Home Loan Top Up

3 year fixed rate

% p.a.


The ANZ Good Energy Home Loan is only available as a top up to your ANZ Home Loan and only for eligible ANZ Good Energy Upgrades. A maximum of $80,000 lending is available per customer. This offer is available for a limited time only. After the special 3 year fixed rate, ANZ’s Home Loan floating interest rate will apply   


Floating rates

Term

Interest rate

Floating rate

N/A

% p.a.


This rate does not apply to older home loan products that ANZ no longer offers, including ANZ Select or ANZ Select Plus. If your rate isn't listed above, please contact ANZ for more information.

If you do not pay amounts when they are due, we can charge you interest on those amounts at the default interest rate, which is your interest rate + 5.00% p.a.


Flexible rates

Term

Interest rate

Flexible rate

N/A

%p.a.


Rate may differ for existing ANZ customers. Please contact any branch of ANZ for further information.

If you do not pay amounts when they are due, we can charge you interest on those amounts at the default interest rate, which is your interest rate + 5.00% p.a.

If you go over your credit limit, we can charge you interest on those amounts at the excess interest rate, which is the ANZ Flexible Home Loan interest rate plus 7% p.a. We can charge this interest rate on any amount over your credit limit for this facility. A low equity premium may apply.


Tideover rates

Term    

Interest rate

Tideover rate

Fixed for up to 6 months

%p.a.


If you do not pay amounts when they are due, we can charge you interest on those amounts at the default interest rate, which is your interest rate + 5.00% p.a.

Extra or early repayment

ANZ Home Loan with a floating rate

Minimum extra or early repayment amount

Requested in Internet Banking or goMoney app

$100*

Staff assisted (including Contact Centre and in branch)

$100 or the remaining loan balance, if lower


You may also have to pay us Early Repayment Recovery if you’re repaying some or all of your loan early during a fixed-rate period.


ANZ Home Loan with a fixed rate during a fixed-rate period

Minimum extra or early repayment amount

Requested in Internet Banking or goMoney app

$1,000*

Staff assisted (including Contact Centre and in branch)

$1,000 or the remaining loan balance, if lower

*You can repay your loan in full at any time. Please call us on 0800 269 4663 or visit any branch to arrange full repayment.

Fees

The following information is current as at 1 May 2022 and subject to change.


  • Loan application fee - $0
  • Loan top-up fee - $0
A low equity premium may apply where a loan amounts to over 80% of the property's value. We'll need a registered valuer's report for lending over 80% of the property's value.
  • 80.01 - 85.00% loan to value ratio - 0.25% of loan amount
  • 85.01 - 90.00% loan to value ratio - 0.75% of loan amount
  • Over 90.01% loan to value ratio - 2.00% of loan amount
  • Monthly account fee - $12.50
  • Unarranged overdraft fee* - $3  

*Applies if we choose to let you make payments or withdrawals or take any fees or charges, when you don’t have enough money in your account. We’re lending you money you don’t have and you must repay that money as soon as possible or when we ask. We charge the fee each month if you exceed your approved credit limit, or your account becomes overdrawn, by more than $10, for more than one day. This is charged in addition to excess interest. You will be charged excess interest on the amount you have exceeded your credit limit by. The excess interest rate is the ANZ Flexible Home Loan interest rate plus 7% p.a. We can charge this interest rate on any amount over your credit limit for this facility.

We may charge Early Repayment Recovery (sometimes called a ‘break fee’) if you choose to repay or restructure your ANZ Home Loan with a fixed rate during your fixed rate period.

The amount we charge varies depending on our loss at the time when you repay or restructure your fixed rate loan.

Early Repayment Recovery is based on the economic loss to ANZ of repaying or restructuring (in full or part) your ANZ Home Loan with a fixed rate as set out in your ANZ loan agreement.

If you’re repaying some or all of your loan early during a fixed rate period, you may have to pay us Early Repayment Recovery.

You may also need to pay Early Repayment Recovery if you break your loan agreement and we ask you to repay all of your loan early during a fixed-rate period.

You may also need to pay us Early Repayment Recovery if your loan has a fixed interest rate and either of the following apply:

  • you’ve asked us to give you a different loan type or interest rate type, including another fixed interest rate
  • you’ve asked us to change the repayment date or type, frequency, or amount of your scheduled loan repayments.

We give you a fixed interest rate on the basis you won’t make any changes to your loan during the fixed-rate period. If you ask us to make changes to your loan during a fixed-rate period and we agree, we’ll give you a new loan with the changes you’ve asked for.

If you have an ANZ Home Loan with a fixed rate, there are a couple of ways you can make extra repayments without being charged an Early Repayment Recovery: 

  • If it’s the first increase that year, you can increase your regular repayments towards your home loan by up to $250 a week. 
  • Plus, each year you can make an extra lump sum repayment that’s no more than 5% of your current loan amount. 

The year runs from the date, or the anniversary of the date, that your fixed rate period started. 

We use mathematical formulas when we calculate Early Repayment Recovery.

We’ve set out below a short explanation of the mathematical formulas we use when we calculate Early Repayment Recovery.

We compare two amounts:

  • The first amount: We calculate the sum of all the scheduled loan repayments and interest charges that would have been made over the remaining part of the fixed-rate period. We calculate the interest charges using the wholesale swap interest rate which applied for the term of the fixed-rate period when the fixed-rate period started. However, if you entered into a Reserve Rate Agreement before the fixed-rate period started, we use the date of that Agreement instead.
  • The second amount: We calculate the sum of all the scheduled loan repayments and interest charges due over the remaining part of the fixed-rate period after you have made your early repayment. We calculate the interest charges using the wholesale swap interest rate which applied for the term of the fixed-rate period when the fixed-rate period started. However, if you entered into a Reserve Rate Agreement before the fixed-rate period started, we use the date of that Agreement instead. We then add this amount to the overpayment amount that you’re repaying early.

We adjust the first amount to recognise that we receive the money now, instead of receiving it as income over the loan term. When we adjust the first amount, we use the wholesale swap interest rates applying to the remaining part of the fixed-rate period on your loan when it is repaid early, as calculated by us. We also take into account the amount you would have owed on your loan at the end of the fixed-rate period.

Sometimes, there may not be an exact match between the term of your fixed-rate period, or remaining fixed-rate period, and publicly available wholesale swap interest rates. If this happens, we’ll calculate the exact wholesale swap interest rates that will apply.

Once we’ve adjusted these amounts, we’ll charge you the difference between the first amount and the second amount as Early Repayment Recovery. We’ll only charge you Early Repayment Recovery if the first amount is higher than the second amount.

A Non-utilisation Recovery is an amount you must pay us to compensate us for the loss we may incur when we’ve reserved a rate for you and you don’t use that rate, or the terms we’d agreed, or you cancel or change your Reserve Rate Agreement, including asking for a different interest rate or other changes to your loan.

We enter contracts on the wholesale money market to help us fund loans with fixed interest rates. If you change your mind or ask for other changes, we still have to honour the contracts we’ve entered into, so may incur a loss.

How we calculate the Non-utilisation Recovery

The recovery isn’t the same for everyone. We work it out according to:

  • how much you owe on your loan
  • how long is left on your loan
  • how much wholesale swap interest rates have moved since you entered the Reserve Rate Agreement.

If you’d like to know how much you have to pay for breaking your Reserved Rate Agreement, call us on 0800 269 4663 or visit any ANZ branch.

  • Discharge or Execution fee - $100
    We charge this fee to document and complete any other transaction to do with the security we have for your loan or facility, including a discharge or release of that security. We'll charge the fee when we complete the transaction.

ANZ lending criteria, terms, conditions and fees apply to all loans.

Want to know more?

From overseas: +64 4 470 3142

Help and support

Important information

This material is for information purposes only. We recommend seeking financial advice about your situation and goals before getting a financial product. To talk to one of our team at ANZ, please call 0800 269 296, or for more information about ANZ’s financial advice service or to view our financial advice provider disclosure statement see anz.co.nz/fapdisclosure