skip to log on skip to main content
VoiceOver users please use the tab key when navigating expanded menus
Find ANZ Support Centre
Find ANZ Support Centre

ANZ Supplementary Loan

Access the equity in your home or investment property for a variety of different purposes, including investments or buying a new car.

The information on this page does not apply to ANZ Plus products

What is a supplementary loan?

If you have a home loan with us and you’ve got equity in that property, you can apply to access it with a supplementary loan. Choose an eligible ANZ loan that suits your needs best, it doesn’t have to be the same as your existing one. Then you can use that money for a variety of different purposes according to your needs.

 

Features and benefits

  • A supplementary loan is a separate account, and can be set up to suit your loan purpose (for example, to buy a car, make an investment or renovate your home)
  • All the features and benefits that come with the ANZ loan you choose as a supplementary loan

Your supplementary loan can be one of these

Basic variable

disclaimer

Principal & interest

Comparison ratedisclaimer

Interest rate with special offer discountdisclaimerwhen borrowing 60% or less of the property value.disclaimer

Get a competitive interest rate and basic features (no offset).

ANZ Simplicity Plus

Fees and features

Standard variable with optional offsetdisclaimer

disclaimer

Principal & interest

Comparison ratedisclaimer

Discounted standard variable rate when borrowing 80% or less of the property value.disclaimer

Can I go lower?

Talk to us to find out if a further discount could apply to your standard variable rate, depending on your situation.
 

ANZ Standard Variable

Fees and features

Fixed rate

 disclaimer disclaimer

Principal & interest

Comparison ratedisclaimer

Discounted 2 year fixed rate when borrowing 80% or less of the property value.disclaimer

Choose from 1, 2, 3, 4, 5, 7 and 10 year fixed rate terms.
 

ANZ Fixed Rate

Fees and features

   See all home loan rates Apply online

Fees and other important numbersdisclaimer

fees
 Details

Loan term

Up to 10 years

(longer terms may be considered depending on loan purpose)

Minimum loan amount - ANZ Standard Variable

$5,000  

Minimum loan amount - ANZ Fixed

$10,000  

Minimum loan amount - ANZ Simplicity PLUS

$50,000  

Maximum loan amount

Subject to ANZ's credit assessment criteria.

For further information, see maximum loan as percentage of property value on compare ANZ home loans page.

Loan Approval Fee

$0

Loan Administration Charge

$0

Renegotiation Fee

$0

Early Repayment Costdisclaimer 

Yes, if you choose ANZ Fixed

Lenders Mortgage Insurance (LMI)disclaimer

Usually required if LVR is more than 80%

What is LVR?

Connect with our home loan specialists or apply

Our ANZ Home Loan Specialists can help you with a whole range of things, such as:

  • Applying for a new home loan
  • Refinancing a home loan
  • Managing your existing loan
  • Helping you understand your ANZ Home Loan options so you can make your next move with confidence

Get support in a number of ways:


hand holding calculator icon

Let us come back to you

Provide your details and one of our Home Loan Specialists will contact you via phone or email.

clock icon

Response time is 1-3 days.

Request a call back

 

featured calc

Make an appointment

Chat with one of our home loan specialists by phone, video call or in person at your nearest branch.

Book an appointment


hand holding calculator icon

Call us now

With extended hours, you can get in touch with someone quickly.

Monday-Friday 8am-7pm (Sydney/Melbourne time)

Call 1800 100 641


mobile lender person walking with briefcase

Meet with an ANZ Mobile Lenderdisclaimer

ANZ Mobile Lenders will go the extra mile with the experience and knowledge to navigate all ANZ home loans. Enjoy the convenience of meeting wherever and whenever suits you best. ANZ Mobile Lenders are dedicated ANZ Home Loan Specialists who can provide personalised service where and when it suits you.

Find your ANZ Mobile Lender


documents icon

Start your application online

Kick things off online and an ANZ Home Loan Specialist will contact you to help with the remainder of the application process.

Apply online now


hand holding calculator icon

Talk to your broker

You can also chat to an ANZ accredited broker for help with your home buying, investing or refinancing needs.

 

Your questions answered 

What are LMI and LVR?

LVR stands for 'Loan to Value Ratio' and it's the amount you’re looking to borrow, calculated as a percentage of the value of the property you want to buy (as assessed by ANZ). For instance if you’re borrowing $400,000 to buy a $500,000 property, your LVR would be 80% (because $400,000 is 80% of $500,000).

LVR is important because it may affect your borrowing power. Generally, the lower the LVR the better, as it carries less risk for the lender. If your LVR is above 80% (that is, you're looking to borrow more than 80% of the value of the property you want to buy), you may need to pay Lenders Mortgage Insurance (LMI). This insurance protects the lender - ANZ, not you - if you default on your home loan and there’s a shortfall following the sale of the property. Generally speaking the higher your LVR, the more LMI will cost.

Learn more about ANZ LMI with our Key Fact Sheet (PDF) or read our article on Lenders Mortgage Insurance.

*Property value is ANZ's valuation of the security property and may be different to the price you pay for a property.

  

Interest is calculated based on the unpaid daily balance of your loan. For example, if you had a loan balance of $400,000 and your interest rate was 3% p.a., your interest charge would be $400,000 x 3% divided by 365 days = $32.87 for that day. For most ANZ home loans, interest is usually calculated daily and charged monthly. 

For details refer to the ANZ Consumer Lending Terms and Conditions (PDF) and your letter of offer.

  

A comparison rate is designed to help you work out the total cost of a home loan by building the known costs like up-front and ongoing fees into that rate. It doesn’t include things like government charges, redraw fees or fee waivers. 

You can use comparison rates to help you compare the cost of different home loans with similar features. When deciding which home loan is right for you, it’s important to think about what features each home loan offers, and how much these matter to you. Keep in mind that you may not necessarily pay the comparison rate that is advertised for your loan type.  This is because, for example, you may not pay all the fees and charges which the comparison rate includes.

  

All our eligible fixed and variable rate home loans come with a discount off the index rate applied upfrontdisclaimer(without needing to pay an annual home loan package fee). The interest rates shown here include those discounts.

If you’re considering our Standard Variable home loan, you may be able to access a further discount off the index rate than shown above, depending on your situation. This is because the rate discount you can access for this home loan depends on your Loan to Value Ratio (LVR) and other financial circumstances. To find out if you could access a lower rate for our Standard Variable loan, have a no-obligation chat with one of our specialists.

You might also be interested in

Article

Using the equity in your home

5 minute read

Equity is the difference between the value of your property and how much you owe on it. Find out how unlocking the equity in your home could open up opportunities.

   

Article

Different ways to finance your home renovation

3 minute read

Looking to renovate? Here are several ways you could finance your home renovation, depending on your preferences and financial situation.

  

Article

Fixed vs variable home loans: which one may be right for you?

5 minute read

Can't decide on a type of home loan? ANZ gives you a guide to choosing between a fixed or variable home loan to suit your needs.

  

Important information

The information on this page does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you and read the relevant terms and conditions, Product Disclosure Statement and the ANZ Financial Services Guide (PDF) before acquiring any product. 

Applications for credit subject to approval. Terms and conditions available on application. Fees and charges apply. Australian credit licence number 234527.

The rate shown is the Simplicity PLUS Home Loan index less the applicable special offer discount for loans with a Loan to Value Ratio of 60% or less. Rates are subject to change. Eligibility criteria apply to special offer discounts, including $50,000 or more in new or additional ANZ lending. Offers can be withdrawn or changed anytime.

Return

Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly payments, including any applicable interest rate discounts. These rates are for secured loans only.

WARNING: This Comparison Rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

For interest only variable loans, the comparison rates are based on an initial 5 year interest only term. For fixed rate interest only loans, the comparison rates are based on an initial interest only period equal in term to the fixed period.

Return

Property value is ANZ's valuation of the security property and may be different to the price you pay for a property.

Return

A $10 servicing fee applies per month per ANZ One offset account. Please refer to ANZ Personal Banking Account Fees and Charges (PDF) for fees and charges that apply.

Return

The interest rate shown includes any applicable interest rate discount from the index rate. For ANZ Standard Variable, the interest rate discount is  for loans with a Loan to Value Ratio (LVR) of greater than 80% and  for loans with a LVR 80% or less. For applications submitted from 28 October 2024 for ANZ Fixed, there is no interest rate discount for loans with a LVR of greater than 80% and the interest rate discount is  for loans with a LVR of 80% or less.

Return

Rates shown apply during the fixed period of your loan. After the fixed period, your rate will switch to the applicable variable rate for a principal and interest loan.

Return

Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly payments, including any applicable interest rate discounts. These rates are for secured loans only.

WARNING: This Comparison Rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Fixed home loans aren’t for everyone and early repayment costs may apply if you repay your loan or switch to another one before the end of your fixed term or make early or additional repayments. Once the fixed rate period ends, the loan reverts to a variable rate loan and repayment amounts will change. For fixed rate interest only loans, the comparison rates are based on an initial interest only period equal in term to the fixed period. 

Return

The rate shown is the Simplicity PLUS Residential Investment Property Loan index less the applicable special offer discount. Rates are subject to change. Eligibility criteria apply to special offer discounts, including $50,000 or more in new or additional ANZ lending. Offers can be withdrawn or changed anytime. 

Return

Rates shown apply during the interest only period of your loan. Choose from 1-5 year interest only terms for owner occupied on an ANZ Standard Variable (Land Loan up to three years) and ANZ Fixed (Land Loan up to three years) and choose from 1-5, 7 and 10 year interest only terms for residential investments on an ANZ Standard Variable (Land Loan up to one year), ANZ Fixed (Land Loan up to one year) and ANZ Simplicity PLUS. If you choose to make interest only payments on ANZ Fixed, your fixed period and interest only period will be the same. After the interest only period, your rate will switch to the applicable variable rate for a principal and interest loan. At the end of the interest only period, minimum repayment amounts may increase to cover principal and interest. Interest only loans are not for everyone and you should consider if this is the right strategy for you.

Return

Interest rates shown on this page are current as at  and are subject to change. For all applicable fees & charges please see the ANZ Personal Banking Account Fees and Charges (PDF), ANZ Personal Banking General Fees and Charges (PDF) and your letter of offer.

Return

For ANZ Fixed Rate loans, you can make early or additional repayments up to a set available tolerance amount (the lesser of 5% of the loan amount at the start of the current fixed rate period or $5,000) each year of the fixed rate period, without triggering an Early Repayment Cost.  An Early Repayment Cost may be incurred if, during the fixed rate period, the available tolerance amount is exceeded, the loan is fully repaid or refinanced, or ANZ agrees to change the interest rate at your request. Please be aware that Early Repayment Costs can be very large. Terms and Conditions apply please refer to the ANZ Consumer Lending Terms and Conditions (PDF) and ANZ Fixed Rate Loans - What happens if you repay some or all of it early? (PDF). Alternatively please visit any ANZ branch or phone the Home Loan Hotline on 1800 100 641, 8am to 7pm (Sydney/Melbourne time), Monday to Friday.

Return

Lenders Mortgage Insurance (LMI) is paid by the borrower and protects ANZ in the event that the borrower defaults and a shortfall arises following the sale of the security property. ANZ usually requires LMI where the Loan to Value Ratio (LVR) is above 80% (depending on the type of property). For some property types, LMI might be required when LVR is less than 80%.

Return

ANZ Mobile Lending representatives operate as ANZ Mortgage Solutions, an independently operated franchise of Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522 Australian credit licence 234527.

Return

Eligibility criteria applies to the Special Offer discount for ANZ Simplicity PLUS, including $50,000 or more in new or additional ANZ lending. Offers can be withdrawn or changed anytime.

Return
Top