Simplicity Plus Simplicity Plus (Principal & Interest) (Owner Occupied)

  • 3.99%
    p.a Basic Variable
  • 4.00%
    p.a Comparison**
  • $600
    Upfront fees
  • $0
    Annual fees
  • 90%
    Max LVR
  • $1,845
    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.

Basic 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 90% 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, Owner Occupied, and Vacant Land in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.

0 - 30 years


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

Full Doc
Credit History
Genuine Saving

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
0 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.


Exit Fees

Fees associated with prematurely ending the loan.

Early Repayment
Switch To Fixed


$600 Establishment fee can be waived upon request. For new or additional Simplicity PLUS loans of $50,000 or more, the following offer applies: - Rate discount - Loan Approval Fee Waived on request Eligibility criteria: - Available for New Lending >$50,000 - Offer is not available for any existing lending applications already submitted in system Existing customers seeking to increase their existing Simplicity Plus Loan will not be eligible for the Simplicity PLUS Home Loan special interest rate discount offer because they must be taking out new or additional ANZ lending of $50k or more. They will be eligible for the LAF or any Renegotiation fee waiver only. OTHER PRODUCT INFORMATION: Available as owner occupied, residential investment, land and construction loans Not available under ANZ Breakfree package and does not contribute to total lending. Guarantor Fee is payable for each guarantee taken by ANZ for the purpose of securing the loan (Not applicable if Contract of Sale used or for Progress Inspections. Fee charged at loan drawdown or when a change to loan security is requested refer ANZ broker distribution website for more information). ANZ’s maximum Loan to Value Ratio (LVR) for properties greater than $2 million will change from 80% to 75%. The loan amount is capped to $1.5M for properties below $2M.

LVR Notes

LMI payable above 80% LVR. For new mortgage customers, the maximum LVR on new lending remains 90% with the option to capitalise the LMI premium up to a maximum of 92%. For eligible existing lending customers that meet specified criteria, the maximum Loan to Value Ratio is 95%, with the option to finance the LMI premium up to a maximum of 97% . At least one of the applicants must be an existing ANZ customer who has held a retail lending product for greater than 6 months with satisfactory credit history. A retail lending product is defined as a home or residential investment loan (including lines of credit), personal loan, credit card or overdraft facility. All applications that are above 90% LVR will require a full valuation. Other standard ANZ credit policies apply. Brisbane inner city - Owner occupier and investment limited to 80% Perth inner city - investment limited to 80% Contact ANZ BDM for postcodes.


Under ANZ LMI policy customers are required to contribute a minimum of 5% of the purchase price from their own resources. Genuine savings must be saved or accumulated over a period of 3 months. ANZ removed the requirement for evidence of genuine savings where LVR is less than 85%.

Fee Notes

Loan approval fee (LAF) waived on request (special offer, usually $600) Cost to switch to fixed $200 (for non-credit critical changes only) otherwise $350 fee applies for credit critical (e.g. loan term, amount, security, changing repayments to I/O or renewing fixed rate loan term).

*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