ANZ cut six individual 'Simplicity Plus' home loans - four for investors and two for owner occupiers - with a variety of loan to value ratios (LVRs), paying either interest only (IO), or principal & interest (P&I).

A couple of noteworthy changes included:

  • Inv P&I 80%: 13 basis point cut to 2.99% p.a. (3.03% p.a. comparison rate*)
  • O/O P&I 80%: 23 basis point cut to 2.49% p.a. (2.53% p.a. comparison rate*)

Keep in mind these are special offers, which could be withdrawn at any time.

While other big four banks have increased rates on fixed home loans and cut variable ones recently, ANZ's latest variable rate cut appears to be without compromise. 

It comes just days after CBA and Westpac increased fixed mortgage rates again - only weeks after their last increases.

On Monday, Hume Bank and Citi also increased fixed home loan rates - the former by between 5 and 10 basis points, and the latter by between 20 and 35 basis points.

Other banks to hike fixed interest rates recently include NAB, and UBank, Bank of Queensland and People's Choice.

On Tuesday the Reserve Bank held the cash rate at 0.10% for the thirteenth consecutive month, but signalled it could raise the cash rate earlier than its 2024 guidance.

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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

Photo by Michal B on Unsplash



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