ANZ fixed home loan rates

Stay updated on ANZ fixed home loan rates by bookmarking this page or visiting frequently. The table below shows the rates as of [date] and may change at any time.

ANZ fixed home loans products: 

ANZ fixed home loan rates FAQs

What is a fixed rate home loan?

A fixed rate home loan locks in the interest rate for a specified period. This ensures your interest rate does not change during that time. When the fixed term ends, your loan switches to a variable rate, altering your repayments. 

ANZ fixed home loan rates 

Offering competitive rates with various terms, ANZ fixed rate home loans provide stability. These rates provide certainty in repayments and protect against interest rate hikes. However, you won't benefit from rate drops during the fixed period. 

How long can you fix an ANZ home loan rate? 

ANZ allows you to fix your home loan rate for: 

• 1 year 
• 2 years 
• 3 years 
• 4 years 
• 5 years 
• 7 years 
• 10 years 

Are ANZ fixed term home loan rates the right choice for you? 

A fixed rate provides stable repayments, aiding in budgeting. Consider it if you value: 

• certainty in repayments 
• protection from interest rate rises 
• simplified financial planning 

However, fixed rates may include Early Repayment Costs, limiting flexibility. Always check the ANZ fixed home loan rates calculator and guides before making extra repayments or refinancing during the fixed term. 

ANZ fixed home loan rates offer stability and predictability in repayments. They are ideal for those seeking financial certainty but come with less flexibility.

Benefits of ANZ fixed home loan rates

With several key benefits, ANZ Bank fixed home loan rates can help borrowers manage their finances more effectively. Here are the main advantages: 

• stable repayments: consistent repayments during the fixed rate period simplify budgeting. It ensures predictable payment amounts, aiding financial planning 
• no recurring fees: ANZ fixed home loans do not incur ongoing fees, which can help lower your overall expenses since you only pay for the features you use 
• interest rate discounts: ANZ offers discounted interest rates based on your loan-to-value ratio (LVR). Higher discounts may be available if your LVR is 80% or less 

Additional features 

ANZ fixed term home loan rates offer various features to suit different needs: 

• rate lock: secure a favourable rate for up to 90 days. This is helpful if you aren't ready to draw down your loan immediately 
• offset account: with a 1-year fixed loan, an offset account can reduce the interest charged, although a $10 monthly fee applies 
• interest in advance: pre-paying interest for the upcoming year on investment properties can assist with tax planning. This feature is available with ANZ Fixed Residential Investment loans 

Who is it good for? 

ANZ fixed home loan rates are suitable for borrowers seeking financial stability and predictability. These loans are ideal for: 

• budget-conscious borrowers: those who need certainty in their monthly repayments will benefit from a fixed rate. It eliminates the worry of varying interest rates 
• long-term homeowners: if you plan to stay in your home for several years, a fixed rate can provide financial stability over the long term 
• investors: those with investment properties can take advantage of the interest-only payment option for a set term, aiding in tax planning and cash flow management 

These benefits and features help borrowers decide if ANZ fixed home loan rates suit their financial needs. 

Difference between ANZ fixed, variable, and split home loans

ANZ fixed home loan rates lock in your interest rate for a set period. Variable home loans allow rate changes based on the market. Split loans combine fixed and variable features. 

Fixed home loans 

ANZ fixed home loan rates offer stable interest rates for a set term, ensuring consistent repayments and protecting against rate increases. Early repayment fees may apply if you alter the loan terms or make extra payments beyond limits. 

Variable home loans 

These offer maximum flexibility with features to suit your needs. With ANZ, you can offset your loan, pay it off early, or access extra repayments without paying any ANZ setup or ongoing fees.  

• offset account benefits: link an offset account to reduce interest 
• market-driven rates: rates may rise or fall, impacting repayment amounts and budgeting 

Split home loans 

These combine the benefits of fixed and variable rates, providing a balanced approach to managing your home loan. 

• hybrid benefits: access to the security of fixed rates and the flexibility of variable rates. 
• risk management: balance the predictability of fixed repayments with the adaptability of variable rates 
• customisable splits: adjust the ratio of fixed to variable portions to match your financial strategy 

Example of a split home loan 

Consider a $600,000 loan split into 40% variable and 60% fixed components: 

• the variable portion: at $240,000, allows redraws from extra repayments and the ability to pay off the loan sooner. Additionally, you can link an offset account for $10 per month to save on interest 
• the fixed portion: at $360,000, provides stable repayment amounts and a locked-in interest rate, simplifying your budgeting 

Choosing the right loan type 

Selecting between these ANZ home loan rates depends on your financial strategy and risk tolerance. Assess your personal needs to make the best choice.

What happens when fixed rate ends in ANZ?

When ANZ fixed home loan rates end, your loan will switch to a variable interest rate. Your repayments will change based on the new variable rate. But you can also choose to refix your loan. 

Transition to variable rate 

When the fixed rate ends, your loan automatically moves to a variable rate. This offers benefits such as: 

• redraw access 
• linking an offset account to reduce interest 
• flexible repayments without fees 

Refixing your loan 

You can refix your loan for 1 to 5, 7, or 10 years, providing budgeting certainty. Fixed rates protect you from interest rate increases during the term. 

Can you make extra repayments on a fixed loan? 

Yes, you can make extra repayments on ANZ fixed home loan rates. Repaying or switching loans early may incur early repayment costs. 

You can make extra repayments up to a certain limit without incurring these costs. The limit is either 5% of the loan amount at the start of the fixed rate period or $5,000, whichever is less.