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- Standard Variable Loan
Standard Variable Loan
- Cashback
- Owner Occupied
- Variable
- 20% min deposit
- P&I
$2,000 cashback when you refinance an eligible home loan.
Get $2,000 cashback when borrowing 80% or less of the property value. On eligible loans of $250,000 or more refinanced to ANZ (including any new lending as part of the refinance). T&Cs apply.
Interest rate p.a.
7.24%
Comparison rate* p.a.
7.24%
Standard Variable Loan
- Cashback
- Owner Occupied
- Variable
- 20% min deposit
- P&I
Interest rate p.a.
7.24%
Comparison rate* p.a.
7.24%
ANZ Variable Rate Home Loan overview
For Standard Variable Home Loan (Principal and Interest) (LVR < 80%)
Principal & Interest (P&I)
Loan type
Loan to value ratio
Interest rate
Comparison rate
Interest only
Loan type
Loan to value ratio
Interest rate
Comparison rate
Details
Maximum LVR
80%
Total repayments
Interest rate type
Variable
Borrowing range
$20k - $100m
Suitable for
Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit ANZ Banking Group Limited to view Target Market Determination.
Features
Extra repayments
Unlimited
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
$3,000 cashback offer available to eligible first home buyers with a home loan of $250,000 or more. Bonus paid after settlement. Apply from 1 December 2022 and drawdown within 180 days. Eligibility criteria and T&Cs apply.
Fees
Total estimated upfront fees
$160
Application fee
$0
Legal fee
$0
Valuation fee
$0
Settlement fee
$160
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$160
Pros and Cons
For Standard Variable Loan
Benefits
- No ongoing fees
- 100% full offset account
- Parents can sign as guarantor
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- Higher than average interest rate
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
