ANZ Equity Manager Loan


The ANZ Equity Manager is a line of credit mortgage, which is a type of loan that allows you to draw down and repay the loan as you choose.

You can withdraw funds at anytime up to a set limit. How much you repay is up to you; there are no structured repayments and you’re only charged interest on the amount of money drawn on the credit facility.

The interest on the loan is variable, and there’s no fixed option, so the interest rate may move up or down over time.

The Equity Manager allows borrowers to make interest only repayments, and as mentioned, there’s no set schedule to repay credit, which means it offers some useful flexibility in managing your finances.

An offset account on the loan isn’t available, but unlimited repayments are, and at no cost, which allows borrowers to pay off their loan as fast as they like. 

The ANZ Equity Manager is only available to borrowers with an existing ANZ home loan. You can borrow up to 90 per cent of the value of the property securing the loan.

Who is the ANZ Equity Manager Loan good for?

The Equity Manager could be useful for anyone with an ANZ mortgage who’s looking to use the equity on their home as a line of credit. It offers diverse ways to access your funds, and allows any amount repaid to be redrawn. You can, for example, fund renovations on your home or buy a new car without having to take out a personal loan. You can also potentially use the funds as a deposit to buy another property.

Review - What RateCity says

The ANZ Equity Manager loan is a flexible line of credit that enables borrowers to make repayments as slowly or as quickly as they like without any additional costs. It allows any amounts repaid to be redrawn and you also have the option of making interest only repayments if you want to take the slower route to paying off your loan. The Equity Manager may suit anyone looking to use the equity in their home to fund renovations, a holiday or even the purchase of another property. The main danger is that you don’t it off and interest costs can accumulate as loan repayments aren’t required. But careful management will avoid this.

ANZ Equity Manager Loan Options

The ANZ Equity Manager is available with any ANZ home loan.

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  • Line of credit with easy access to funds.
  • No repayment deadline.
  • Application fee waived with ANZ Breakfree package.
  • Offset not available.
  • High upfront costs.
  • Annual credit facility fee.

Must have an ANZ home loan.

Suitable For
  • First Home Buyers
  • Investors
  • Owner-Occupiers
  • Refinancers
  • Line of Credit Loans
  • Estimated upfront fees: $910.00
  • Discharge fees: $160
  • Ongoing fees: $150 annually

The ANZ Equity Manager requires anyone signing up to pay a loan approval fee of $600, though this will be waived for borrowers who take out an ANZ Breakfree home loan package. Total upfront costs are estimated at almost $1000, so there are other fees involved. In addition, borrowers can expect to pay $150 annual credit facility fee. Anyone borrowing over 80 per cent of the property’s value will also be required to pay for lenders mortgage insurance. So the ongoing and one-off fees can add up.

  • Redraw facility
  • 100% offset account
  • Unlimited extra repayments
  • Monthly repayments
  • Loan allows split interest rate
About ANZ

ANZ is one of the largest banks in Australia and New Zealand, and was incorporated in 1977. It operates in a wide range of markets internationally and offers a number of home loan options. It has a strong branch network and extensive online facilities. ANZ also offers mobile banking services for those who want to speak to someone face to face.

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