ANZ announced more cuts to its fixed home loan rates on Monday after earlier cuts edged some of the bank's fixed rates below the 6% p.a. mark.

ANZ's taken up to 25 basis points off the range of its fixed rates for both residential and investment loans for fixed periods of up to 10 years.

The bank's new lowest rate is 5.74% p.a. for owner-occupiers with a loan-to-value ratio (LVR) of 80% or less who fix for two or three years (comparison rates* 6.94% p.a. and 6.81% p.a. respectively) and make principal and interest (P&I) repayments.

It's now the lowest advertised fixed rate among the big four banks, which have been dropping fixed rates as part of a widespread market plunge for several months.

See also: Best fixed rate home loans from 5.24%

Although there are fixed rates up to 50 basis points lower on the wider market, the new ANZ rates are notable for dipping below the advertised rates of its big four peers.

Here is a selection of ANZ's new fixed rates for owner occupiers making P&I repayments:

Fixed Period LVR Rate Change (%) New Rate Comparison Rate*
1 year 80% or less -0.25 6.14% p.a. 7.13% p.a.
80-90% -0.15 6.59% p.a. 7.35% p.a.
2 years 80% or less -0.25 5.74% p.a. 6.94% p.a.
80-90% -0.15 6.19% p.a. 7.19% p.a.
3 years 80% or less -0.25 5.74% p.a. 6.81% p.a.
80-90% -0.15 6.19% p.a. 7.08% p.a.
4 years 80% or less -0.25 5.89% p.a. 6.75% p.a.
80-90% -0.15 6.34% p.a. 7.03% p.a.
5 years 80% or less -0.25 5.99% p.a. 6.69% p.a.
80-90% -0.15 6.44% p.a. 7.00% p.a.

ANZ is also offering a rate of 7.24% p.a. (7.24% p.a. comparison rate*) for seven- or ten-year fixed rate periods for homeowners with LVRs of 80% or less and 7.69% p.a. for those with LVRs of 80% to 90% (7.59% p.a. comparison rate* on seven-year fixed periods and 7.63% p.a. comparison rate* on ten-year fixed periods).

Some investor rates now below 6%

The cuts also take some of ANZ's investor fixed home loan rates below the 6% p.a. mark for those making P&I repayments. Here's a selection of new investment rates:

Fixed Period LVR Rate Change (%) New Rate Comparison Rate*
1 year 80% or less -0.25 6.24% p.a. 7.67% p.a.
80-90% -0.15 6.69% p.a. 7.89% p.a.
2 years 80% or less -0.25 5.94% p.a. 7.45% p.a.
80-90% -0.15 6.39% p.a. 7.70% p.a.
3 years 80% or less -0.25 5.94% p.a. 7.28% p.a.
80-90% -0.15 6.39% p.a. 7.55% p.a.
4 years 80% or less -0.25 5.99% p.a. 7.15% p.a.
80-90% -0.15 6.44% p.a. 7.44% p.a.
5 years 80% or less -0.25 6.09% p.a. 7.06% p.a.
80-90% -0.15 6.54% p.a. 7.37% p.a.

ANZ signals Suncorp charge

ANZ's fixed home loan rate cuts come on the same day the bank flagged a $196 million charge related to its acquisition of Suncorp Bank in July 2024.

It announced its second-half profits will be impacted by the estimated after-tax charge with a net reduction in its capital holdings.

The charge relates to accounting adjustments triggered by the incorporation of Suncorp Bank into ANZ's operations.

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Buying a home or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for owner occupiers.

Update resultsUpdate
Filters
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees Max LVR Lump Sum Repayment Additional Repayments Split Loan Option TagsFeaturesLinkComparePromoted ProductDisclosure
6.04% p.a.
6.06% p.a.
$3,011
Principal & Interest
Variable
$0
$530
90%
4.6 Star Customer Ratings
  • Available for purchase or refinance, min 10% deposit needed to qualify.
  • No application, ongoing monthly or annual fees.
  • Quick and easy online application process.
Disclosure
5.99% p.a.
5.90% p.a.
$2,995
Principal & Interest
Variable
$0
$0
80%
Apply in minutes
  • No application or ongoing fees. Annual rate discount
  • Unlimited redraws & additional repayments. LVR <80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
 Disclosure
6.09% p.a.
6.11% p.a.
$3,027
Principal & Interest
Variable
$0
$250
60%
  • No annual fees – None!
  • Get fast pre-approval
  • Unlimited additional repayments free of charge
 Disclosure
5.69% p.a.
6.16% p.a.
$2,899
Principal & Interest
Fixed
$0
$530
90%
  • Available for purchase or refinance, min 10% deposit needed to qualify.
  • No application, ongoing monthly or annual fees.
  • Flexibility to split your loan with both fixed and variable rates
 Disclosure
Important Information and Comparison Rate Warning

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of . View disclaimer.

Important Information and Comparison Rate Warning

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