ANZ home loans carry no ANZ set-up or ongoing fees; you pay only for features you choose. An ANZ One offset account, for example, costs $10 a month each. ANZ, one of the four major banks, waives lenders mortgage insurance up to 95% for doctors and dentists and takes part in the 5% Deposit Scheme.

ANZ home loans at a glance
Loan What it is Fees to know
ANZ Simplicity PLUS Basic variable rate, no offset, extra repayments and redraw No ANZ set-up or ongoing fees
ANZ Standard Variable Variable rate with an optional ANZ One offset account $10 a month per offset account
ANZ Fixed Rate Rate fixed for a set term Lock rate fee of $750 per $1 million of lending; early repayment cost if you break it
ANZ Plus home loan A separate digital range with its own terms Check the ANZ Plus terms

What does an ANZ home loan cost in fees?

Less than it used to. ANZ dropped its Breakfree package in 2022 and does not charge its own establishment or monthly fees on home loans. Loan security fees such as settlement, production, lodgement and search fees still exist in its fee schedule but are not charged when a loan is set up. Government fees, a $20 late payment fee and fixed rate break costs still apply.

Which professionals get LMI waived at ANZ?

ANZ professional LMI waivers (as listed on 20 October 2026)
Profession ANZ policy
GPs, specialists and hospital doctors Up to 95%, loan to $4.75 million
Dentists Up to 95%
Optometrists, physiotherapists, chiropractors, vets Up to 90%, no minimum income
Lawyers, solicitors and barristers Up to 90%, no minimum income
Judges and magistrates Up to 90%
Accountants Members of listed bodies

Waivers change and come with conditions such as registration; LMI waivers by lender compares the major banks.

Who does ANZ suit?

  • Borrowers who want a basic loan without paying for an offset they would not use: Simplicity PLUS.
  • Savers who want an offset and can keep enough in it for the interest saving to beat $120 a year per account.
  • Listed professionals buying with 5% to 10% down without mortgage insurance.
  • First home buyers using the 5% Deposit Scheme, where ANZ is a participating lender.

When might another lender fit better?

When your income is unusual (recently self-employed, mostly commission or partly foreign), when you need a fast turnaround, or when another lender simply prices your loan lower. Major banks set their sharpest rates for loans that fit their policy cleanly, so the same file can be priced quite differently across the 70+ lenders a broker compares.

How do you apply for an ANZ loan through a broker?

Links Property Finance prepares and lodges the application with ANZ, and ANZ assesses and approves it. The loan, rate and fees are ANZ’s own. Links Property Finance is paid by the lender when a loan settles, and you pay no broker fee. The commission is disclosed before you go ahead.

How do you leave ANZ if you refinance or sell?

To leave ANZ, every borrower and guarantor signs its Discharge and Variation Authority in ink. You can request it online or download it. ANZ aims to process it within 10 business days, and bank and government fees may apply on top of the payout figure.

The NSW registration fee of $182.73 applies on top. The full process is in mortgage discharge in NSW.

How does ANZ compare with the other lenders we review?

Against Westpac, ANZ has no package fee but charges for each offset account. Against ING and Macquarie, it takes part in the 5% Deposit Scheme, which neither of them does. Its LMI waiver is narrower than Westpac’s, covering doctors and dentists rather than a long list of professions.

Compare it with the Westpac home loan review and the ING home loan review; broker vs bank explains how a broker compares them all for you.

Questions people ask

Does ANZ charge an annual fee on its home loans?

No ANZ set-up or ongoing fee. An ANZ One offset account costs $10 a month each, and fixed rate locks and break costs apply.

Does ANZ waive LMI for doctors?

Yes, up to 95% of the property value and a loan of up to $4.75 million, as listed on 20 October 2026.

Is ANZ part of the 5% Deposit Scheme?

Yes, ANZ is a participating lender, so an eligible first home buyer can buy with 5% down and no mortgage insurance.

Is ANZ Simplicity PLUS the same as the standard variable loan?

No. Simplicity PLUS is a basic variable loan without an offset. The standard variable loan can have ANZ One offset accounts.

Charles Touma compares ANZ with the other lenders on your exact numbers, including waivers, offset costs and turnaround. A free 30-minute call covers which lender fits. General information only, not credit, tax or legal advice. Lender policies and products change, and your own circumstances decide what suits you.

Sources: ANZ, home loans and fees; ANZ, Fixed Rate home loan fees; Housing Australia, 5% Deposit Scheme participating lenders, checked 27 October 2026.

General information only, not credit, legal or tax advice. Your situation is assessed properly before any recommendation. Government scheme details change; figures are current at the time of writing.