Breakfree Fixed Rate Home Loan 2 Yr Breakfree Fixed Rate Home Loan 2 Yr $250K - $499,999 LVR <80% (Owner Occupied)

  • 3.98%
    p.a Fixed
  • 4.53%
    p.a Comparison**
  • $0
    Upfront fees
  • $395
    Annual fees
  • 80%
    Max LVR
  • $1,968
    Per Month*

About ANZ

The Australia and New Zealand Banking Group Limited, more commonly known as ANZ, is the third largest bank by market capitalisation in Australia, after the CBA and Westpac. Australian operations make up the largest part of ANZ's business, with commercial and retail banking dominating. ANZ dates back over 175 years whose commitment to building lasting partnerships with their customers, shareholders and communities in 33 countries in Australia, New Zealand, Asia, the Pacific, the Middle East, Europe and America is evident. ANZ continue to provide an excellent range of banking, financial products and services to over 9 million customers and employ over 50,000 people worldwide.

Fixed 2 Years

Loan switches to variable at the end of the fixed period.

Repayments calculated to take into account ongoing monthly and anual fees.

Monthly repayment*
rate per annum

Standard Variable

Repayments calculated to take into account ongoing monthly and anual fees.

Monthly repayment*
rate per annum

Loan to Value Ratio

Borrow up to the maxium of 80% of the value of the property.

Lenders Mortgage Insurance, or LMI, will be payable on most loans where the borrowings are greater than 80% of the value of the property.

However, you may be able to capitalise LMI into your loan, increasing the overall loan amount by about 2% (in order to cover the cost of the insurance). Contact a loan market broker to find out how LVR and LMI might impact the cost of your loan repayments.

Capitalise LMI


For Construction and Owner Occupied in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.

2 - 30 years


The level of financial documentaion and credit history required to apply for the loan.

Full Doc
Credit History
Genuine Saving
Not Required

Redraw Facility

Get quick access to cash by drawing on the loan to pay for renovations or other purchases.

Redraw Facility
Min Redraw
Redraw fee

Banking Features

Given the wide range of loans on offer – with different interest rates, product features and fees – it pays to shop around to find the loan that fits your needs and circumstances. Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan.

Some features you may wish to consider include:

  • an offset account;
  • ability to make extra repayments;
  • a redraw facility; and
  • linked credit card and savings accounts;
  • ability to split your loan between fixed and variable interest rates
Offset Account
Redraw Available
Credit Card
Internet Banking
Telephone Banking
BPay Option
Portability of Loan
Professional Pack
Check Account
Direct Salary Credit
Free Transactions
Minimum Redraw
Redraw Fee


You can make your repayments Fortnightly, Monthly, and Weekly.

Interest Only Option
Max Interest Only
10 years

Upfront Fees

Upfront fess associated with estabilishing the loan. Other loan set-up fees, such as valuation fees and lender's mortgage insurance, and Government charges, such as registration fees and stamp duty on property transfer, have not been included. These will be determined after application.


Ongoing Fees

Monthly and annual fees and charges during the loan period.

Ongoing Yearly

Exit Fees

Fees associated with prematurely ending the loan.

Early Repayment
Switch To Fixed


ANZ Breakfree is a package for home owners and property investors, which helps clients build a banking solution based on their needs. Clients start with three specific products and have the flexibility to add new products. Below are the products clients will need to have with ANZ to qualify: - ANZ Home or Investment Loan (at least one eligible loan product with a total loan balance or credit limit of at least $150,000. Total Mortgage Lending calculation includes all home loan lending, including home loan lending not linked to the package i.e., Simplicity Plus) - ANZ transaction account (ANZ Access Advantage, an everyday transaction account, or ANZ One, a 100% home loan offset account, or ANZ Equity Manager, a flexible line of credit) Unlimited everyday ANZ transactions on ANZ Access Advantage and ANZ One. (Fees may apply including non-ANZ ATM operator fees, overseas ATM fees and overseas transaction fees. Please refer to the ANZ Personal Banking Account Fees and Charges booklet for fees and charges that apply and definition of everyday ANZ transactions.) The offset account under an ANZ Breakfree Package is an ANZ One account which can only be linked to ANZ Standard Variable Rate or ANZ 1 Year Fixed Rate Home or Residential Investment Loan (excludes Interest In Advance Fixed Rate Loans). The monthly account service fee is waived on one ANZ One offset account while the linked offset account and loan account are held under an ANZ Breakfree Package. Other fees and charges may apply to an ANZ One account. - ANZ Credit Card (eligible cards only). The Annual Account Fee waiver applies to one Mandatory Eligible Credit Card Account. Any Rewards Program Services Fees are not waived as part of the ANZ Breakfree package. Other Credit Card Fees and Charges will be charged by ANZ for services which you request/use in relation to your Mandatory Eligible Credit Card Account from time to time. For more information please refer to the ANZ Personal Banking Account Fees and Charges. Low Doc 60 Option available for ANZ products. Please check specific fees and charges with ANZ BDM as they may vary, prior to loan application. The ANZ Fixed Rate Home Loan offers you the certainty of knowing what your repayments are for the fixed period, and safeguards you against any increase in interest rates. One off $250 Construction Progress Payment Fee applicable if progress draws required. Construction option is not available for Fixed Rate unless the construction is to be completed within 4 months. Rate Lock available: Lock rate fee (fixed-rate loans and fixed-rate ANZ Portfolio sub-accounts) $750 - Charged at the time you apply for your loan to lock in the interest rate applicable (at the time you apply) and where your loan will be drawn up to 90 days in the future. - Standard loan approval fee / facility approval fee apply. - Refunds are only available if ANZ do not approve the loan. - This facility is only available for loans up to $1,000,000 that are fixed for up to five years. Extra repayments allowed of up to 5% of the loan balance (calculated at the beginning of the fixed rate term) or $5,000, whichever is lesser. These payments can be in the form of larger regular repayments or lump sums and are at no additional cost to you. If you choose to make additional repayments above this threshold, repay your fixed rate loan (in part or in full) or switch to another fixed or variable interest rate before the end of your fixed rate period, you may have to pay an early repayment cost. Max LVR on properties valued up to $3 million is being increased to 80%.Properties valued more than $3M Considered by Credit Assessment on case-by-case basis Salary Credits are allowed for packaged or unpackaged ANZ Home loan fix rate products with the following conditions: - Employer allows a non-savings/transactional account as the nominated account for Salary deposits - Account is not Interest only - Customer must nominate a DDA account for direct debit into a Interest Only Fixed Rate account - Amount paid into account does not exceed Tolerance amount for the Fixed Rate product. Please refer to ANZ Consumer Lending T&Cs for tolerance amount.

LVR Notes

LMI not applicable

Fee Notes

Renegotiation/Valuation Fees will be waived whenever it is required as part of an application. Other fees may be applicable throughout the life of the loan. Details available in the ANZ General Fees and Charges Booklet at

*Monthly Repayments

Monthly repayments are calculated to take into account the loan amount, repayment term and ongoing fees and charges over the life of the loan.

  • Variable rate loans show the monthly repayments at the current rate.
  • Fixed rate loans show the monthly repayment during the fixed period only.
  • Monthly repayment calculations are an approximate guide only. Speak to a LoanMarket Mortgage broker to understand the exact cost of a loan given your particular circumstances.

**Comparison Rates

A comparison rate is a tool to help consumers identify the true cost of a loan. It factors in the interest rate, loan amount, repayment term and ongoing fees and charges and displays this as a single percentage rate that can be used to compare various loans from different lenders.

Monthly Repayment and Comparison Rate* calculations do not include:

  • The use of account features such as early repayments and offset accounts which vary widely among loans and can reduce the cost of a loan significantly.
  • Cost savings such as fee waivers or special rate discounts.
  • Fees and charges associated with loan options or events that may or may not be used by the borrower, such as early repayment or redraw fees
  • Lenders Mortgage Insurance (LMI) which may be required to secure the loan and can increase the cost of the loan.
  • Government charges such as stamp duty or mortgage registration fees.
  • Fees and charges which aren’t available at the time the comparison rate is provided