Finty
ANZ

ANZ Simplicity PLUS

Variable rateRedraw

ANZ Simplicity PLUS is our basic variable rate home loan that still gives you the ability to make extra repayments to pay it off sooner. ANZ Simplicity PLUS Home Loans are available for periods between of at least 1 year and up to 30 years in duration.

Written byDavid Boyd
Interest rate a year, from
6.64%
Comparison rate
6.64%
Upfront fees
$160
Annual fee
Not published
Monthly fee
None

Monthly repayment

$600,000 over 30 years

Apply now

What it would cost

At the lowest rate of 6.64% (variable, live in, principal and interest). The rate you are offered depends on your deposit and the loan you choose, and upfront fees are not included.

Monthly repayment
$3,848
Total repayments
$1,385,215
Interest
$785,215

Rates

Every rate ANZ publishes for this loan. LVR is the loan as a share of the property's value: 80% for a 20% deposit.

RatePropertyRepaymentsLVRInterest rateComparison rate
VariableLive inPrincipal and interestUp to 60%6.64%6.64%
VariableLive inPrincipal and interest60% to 70%6.69%6.69%
VariableLive inPrincipal and interest70% to 80%6.79%6.79%
VariableLive inPrincipal and interest80% to 90%7.34%7.34%
VariableLive inPrincipal and interestOver 90%7.89%7.89%
VariableLive inPrincipal and interestAny8.24%8.24%
VariableLive inInterest onlyUp to 60%7.88%7.19%
VariableLive inInterest only60% to 70%7.88%7.22%
VariableLive inInterest only70% to 80%7.88%7.28%
VariableLive inInterest only80% to 90%7.88%7.58%
VariableLive inInterest onlyOver 90%7.88%7.89%
VariableLive inInterest onlyAny8.44%8.33%
VariableInvestmentPrincipal and interestUp to 60%6.89%6.89%
VariableInvestmentPrincipal and interest60% to 70%6.94%6.94%
VariableInvestmentPrincipal and interest70% to 80%7.04%7.04%
VariableInvestmentPrincipal and interest80% to 90%7.74%7.74%
VariableInvestmentPrincipal and interestAny8.24%8.24%
VariableInvestmentPrincipal and interestOver 90%8.24%8.24%
VariableInvestmentInterest onlyUp to 60%7.29%7.07%
VariableInvestmentInterest only60% to 70%7.34%7.12%
VariableInvestmentInterest only70% to 80%7.44%7.22%
VariableInvestmentInterest only80% to 90%8.04%7.88%
VariableInvestmentInterest onlyAny8.23%8.24%
VariableInvestmentInterest onlyOver 90%8.23%8.24%

Comparison rates are for an example loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Fees and features

Fees

Upfront fees
$160
Annual fee
Not published
Monthly fee
None

Features

Offset account
No
Redraw
Yes
Highest LVR
90%
Loan amount
From $50,000

How it compares

Against the other home loans we compare, for a home you live in with a 20% deposit. Typical means the middle half of them.

Variable rate

6.79%

For a home you live in, paying principal and interest. Typical is 6.62%.

Comparison rate

6.79%

For the same rate. Typical is 6.70%.

Upfront fees

$160

Typical upfront fees are $600.

Smallest deposit

10%

Most loans need at least 10% of the price.

Pros and cons

Pros

  • Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
  • Redraw. You can take back extra repayments later if you need the money.
  • No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.
  • Interest only available. Some investors use it to keep repayments down for a few years, though the balance doesn't fall in that time.

Cons

  • No offset account. Your savings can't reduce the interest unless you pay them into the loan.
  • A $20 late payment fee. Setting up automatic repayments avoids it.

Similar home loans

Home loans from other lenders with a similar starting variable rate, for a home you live in with a 20% deposit.