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ANZ Home Loan Rates, Repayment Calculator & Term Deposits: Complete Guide for June 2026

June 16, 2026 Haq Enterprises 16 min read Current Affairs

If you have an ANZ home loan — or you’re thinking about getting one — the last six months have been genuinely difficult to keep up with.

ANZ has raised its variable home loan interest rates three times in 2026 alone. Each increase passed the full 0.25% per annum directly onto existing customers within days of the Reserve Bank of Australia’s official announcement. The cumulative impact? A borrower with a $500,000 variable mortgage is now paying roughly $240 more per month than they were at the start of the year.

This guide cuts through all the noise. It covers ANZ’s current home loan rates, how to use the ANZ mortgage repayment calculator, the latest ANZ Plus and term deposit interest rates, and what all of it means for your financial position right now.

And if you want the bigger picture on where Australian property prices are heading — including ANZ’s own official forecast — we’ve already published a detailed breakdown: ANZ & NAB House Price Forecasts 2026: Sydney and Melbourne to Fall While Perth and Brisbane Hold Firm.

ANZ Rate Rises in 2026: The Full Timeline
ANZ Current Home Loan Interest Rates (June 2026)
How to Use the ANZ Mortgage Repayment Calculator
ANZ Home Loan Types Explained
ANZ Plus Interest Rate: Growth Saver & Flex Saver
ANZ Term Deposit Rates (June 2026)
How ANZ Compares to the Other Big Four Banks
What the Rate Rises Mean for Your Repayments
ANZ Tools and Resources for Borrowers
Frequently Asked Questions

1. ANZ Rate Rises in 2026: The Full Timeline

To understand where ANZ’s rates sit today, you need to understand how quickly they moved this year.

ANZ has raised variable home loan rates three times in 2026, in lockstep with three consecutive RBA cash rate increases:

Variable interest rates across ANZ’s Australian home loans increased by 0.25% p.a., effective 13 February 2026 — ANZ’s first rate rise of the year, following the RBA’s February cash rate decision.

Variable interest rates across ANZ’s Australian home loans increased by a further 0.25% p.a., effective 27 March 2026, following the change in the official cash rate.

Variable interest rates across ANZ’s Australian home loans increased by a further 0.25% p.a., effective 15 May 2026 — the third increase of the year.

The Cumulative Impact

Date	Rate Change	Effective Date
February 2026	+0.25% p.a.	13 February 2026
March 2026	+0.25% p.a.	27 March 2026
May 2026	+0.25% p.a.	15 May 2026
Total 2026 increase	+0.75% p.a.	—

The RBA cash rate now sits at 4.35% — fully reversing the three cuts delivered throughout 2025.

ANZ Group Executive Australia Retail Pedro Rodeia acknowledged the pressure in his May statement: “We recognise that many Australian households are feeling pressure from the cost of living amid current global uncertainty. If you are concerned about your finances, we encourage you to speak with us early so we can help.”

2. ANZ Current Home Loan Interest Rates (June 2026)

All rates at ANZ are current as of 15 May 2026. ANZ regularly reviews its interest rates on home loans and residential investment loans, including following RBA meetings.

Variable Rates

ANZ offers several variable home loan products. Key rates as of June 2026:

Product	Rate Type	LVR	Notes
ANZ Simplicity PLUS	Variable	≤80%	Special offer rate; requires $50K+ new lending
ANZ Standard Variable	Variable	≤80%	Discounted from index rate
ANZ Standard Variable	Variable	>80%	Higher rate applies
ANZ Plus Home Loan	Variable	—	Digital-only; separate rate schedule

For ANZ Standard Variable, the interest rate discount applies for loans with a Loan to Value Ratio (LVR) of 80% or less. For loans with an LVR greater than 80%, the higher standard rate applies without discount.

As of 2 June 2026, the lowest variable rate available from a Big Four bank is 6.09% p.a. (comparison rate 6.22% p.a.) from CommBank on its Digi Home Loan, for an owner-occupier loan with principal and interest repayments.

Fixed Rates

ANZ Fixed Rate home loans lock in your interest rate for a set period, typically one to five years. ANZ offers a discounted 2-year fixed rate when borrowing 80% or less of the property value on an owner-occupied home loan with principal and interest repayments. At the end of the fixed period, the loan reverts to a variable rate.

As of 2 June 2026, Big Four bank fixed rate home loan comparisons show rates available for 2-year, 3-year and 4-year terms, with ANZ competing across all fixed periods.

3. How to Use the ANZ Mortgage Repayment Calculator

The ANZ mortgage repayment calculator is one of the most searched tools on anz.com.au — and for good reason. It gives you a fast, practical estimate of what a home loan will actually cost each month before you commit to anything.

Home loan repayments are influenced by several factors including the loan amount and length of the loan term, the fixed or variable interest rate that applies, whether you’re paying principal and interest or interest-only, and whether or not you intend to live in the property you’re buying. Based on the combination of factors you select, the ANZ home loan repayment calculator will automatically adjust the interest rate per annum and estimate your repayments accordingly.

How to Use It Step by Step

Step 1 — Enter your loan amount Input the amount you want to borrow. The calculator accepts figures from $20,000 up to $9,900,000.

Step 2 — Select your loan term ANZ home loans are available for terms of at least 1 year up to 30 years. Most borrowers select 25 or 30 years.

Step 3 — Choose variable or fixed Select whether you want a variable rate (which will track the RBA cash rate) or a fixed rate (locked in for 1–5 years).

Step 4 — Select repayment type Choose between principal and interest (P&I — you pay down the loan over time) or interest-only (lower initial repayments, but you don’t reduce your loan balance during the interest-only period).

Step 5 — Choose repayment frequency Estimated repayments are calculated on a monthly basis by default, but you can adjust the frequency to weekly or fortnightly if you’d like to compare the difference.

Step 6 — Review your estimate The calculator displays your estimated repayment figure and total interest payable. Note that it does not include all fees and charges.

🔗 Access the official ANZ Home Loan Repayment Calculator directly at: anz.com.au/personal/home-loans/calculators-tools/home-loan-repayment-calculator

What the Calculator Doesn’t Include

Other home loan fees — including the Late Payment Fee, Lock Rate Fee, Early Repayment Cost (for fixed rate loans), and the ANZ Equity Manager facility fee — still apply. Loan security fees including the Lodgement Fee, Production Fee, Settlement Fee and Search Fee apply on establishment, and government fees and charges including stamp duty may still apply.

Always use the calculator as a starting guide, then speak with an ANZ lending specialist or mortgage broker for a full cost picture.

What Does a Rate Rise Actually Cost You?

Each 0.25% p.a. increase to variable home loan rates increases monthly repayments by approximately $80 on a variable home loan of $500,000 for an owner-occupier loan with principal and interest repayments.

That means ANZ’s three rate rises in 2026 have added approximately $240 per month — or $2,880 per year — to a $500,000 variable mortgage. For larger loans the impact scales proportionally.

4. ANZ Home Loan Types Explained

ANZ Standard Variable Rate Home Loan

The bread-and-butter product for most ANZ borrowers. 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 an LVR of 80% or less.

This product offers flexibility — you can make extra repayments without penalty, and ANZ Redraw is available on eligible loans.

ANZ Simplicity PLUS Home Loan

The Simplicity PLUS rate shown is the index less the applicable special offer discount. Eligibility criteria apply to special offer discounts, including $50,000 or more in new or additional ANZ lending. Offers can be withdrawn or changed at any time.

ANZ Fixed Rate Home Loan

Fixed rate home loans have a fixed interest rate for a set period. If you choose to make interest-only payments on an ANZ Fixed Rate, your fixed period and interest-only period will be the same. For instance, if you choose interest-only payments for two years, your home loan will be a two-year ANZ Fixed Rate, reverting to principal and interest payments on a variable rate at the end of the two years.

ANZ Plus Home Loan

A fully digital home loan accessed through the ANZ Plus app. For details on ANZ Plus home loan rates and any changes following rate decisions, ANZ Plus customers looking for tools or assistance with their ANZ Plus home loan should refer to ANZ Plus Home Loans or message ANZ in the ANZ Plus app.

5. ANZ Plus Interest Rate: Growth Saver & Flex Saver

ANZ Plus is ANZ’s digital-only banking platform — accessed entirely through the ANZ Plus app — and it carries different rate structures to ANZ’s traditional products.

ANZ Plus products offer a fully digital banking service accessed only through the ANZ Plus app. ANZ Plus Growth Saver offers the bank’s highest interest rate, made up of a low standard rate and a bonus rate. To achieve the bonus rate, account holders need to grow their Growth Saver account balance by $100 or more each month. Growth Saver accounts are only available if linked to an ANZ Plus Everyday transaction account.

ANZ Plus Growth Saver interest rates are variable and subject to change. If you’re new to ANZ Plus, Growth Saver is only available if linked to an ANZ Plus Everyday account. Any bonus rate has specific qualifying conditions — see the ANZ Plus Deposit Account Terms and Conditions for details on what’s included in your balance, how interest is calculated, and the qualifying period.

ANZ Plus Flex Saver

Different interest rates apply to different parts of the effective daily balance of an ANZ Plus Flex Saver account. A higher rate applies for that part of the effective daily balance up to $5,000, and a lower rate applies to the portion above $5,000. Payment functionality on the Flex Saver is limited to PayTo, BPAY, Direct Debit, Pay Anyone, and PayID.

6. ANZ Term Deposit Rates (June 2026)

Term deposits have become increasingly attractive in 2026 — the rate environment that is painful for borrowers is genuinely rewarding for savers.

ANZ has varied its Advance Notice term deposit range, with its top return now at 4.35% p.a. — higher than anything currently on offer at CommBank, Westpac, or NAB. The top ANZ term deposit rate of 4.35% p.a. is available for deposits between $5,000 and $1,999,999 for terms between 12 and 24 months. That is 10 basis points above the top rates at CommBank and NAB (both at 4.25% p.a. for one year) and 25 basis points ahead of Westpac’s current top return.

How the ANZ Term Deposit Works

An ANZ Advance Notice Term Deposit is a fixed interest rate product available for investment amounts between $5,000 and $1,999,999, with interest paid at maturity. The account has a 31-day notice period — if you want access to your funds before the end of the term, you won’t receive them for 31 days after your request, and early access fees will apply.

ANZ Term Deposit vs ANZ Plus Savings

Feature	ANZ Term Deposit	ANZ Plus Growth Saver
Rate type	Fixed for term	Variable (bonus + standard)
Minimum deposit	$5,000	No minimum
Access to funds	31-day notice required	Flexible (with conditions)
Bonus rate conditions	None — rate locked in	Must grow balance by $100/month
Best for	Savers who won’t need funds	Those who can regularly top up

Like many of the big banks, ANZ’s term deposit interest rates aren’t as attractive as those offered by many smaller players in the market. Anyone potentially needing instant access to their cash is advised that other deposit products may pay higher interest and better suit their needs.

🔗 Official ANZ Term Deposit calculator: anz.com.au/personal/bank-accounts/term-deposits/term-deposit-calculator

7. How ANZ Compares to the Other Big Four Banks

As of 2 June 2026, Big Four bank home loan rate comparisons show ANZ, CommBank, NAB and Westpac competing across variable, 2-year fixed, 3-year fixed and 4-year fixed rate products. Smaller lenders typically operate with lower overhead costs and tend to offer lower rates to compete for market share against the big four banks. For borrowers chasing the lowest rate possible, smaller lenders may be worth considering. On the flip side, for borrowers with an LVR sub 60–70%, one of the big four may offer a competitive rate with additional policy flexibility. For example, ANZ will accept one year of financials for business owners — a policy advantage that some smaller lenders don’t offer.

Westpac currently predicts two more 25 basis point hikes in August and September, which would bring the cash rate to 4.85%. CBA, NAB and ANZ expect rates to remain on hold for the rest of 2026.

This divergence matters enormously for borrowers deciding between variable and fixed rates right now. If Westpac’s forecast proves correct, variable rate borrowers face another 0.50% increase before year’s end.

8. What the Rate Rises Mean for Your Repayments

Here’s a practical guide to the cumulative cost of 2026’s three ANZ rate rises across different loan sizes.

Loan Size	Monthly Increase Per Rise	Total 2026 Monthly Impact	Annual Impact
$300,000	~$48	~$144/month	~$1,728/year
$500,000	~$80	~$240/month	~$2,880/year
$750,000	~$120	~$360/month	~$4,320/year
$1,000,000	~$160	~$480/month	~$5,760/year

These figures are approximate, based on ANZ’s official guidance that each 0.25% rate increase adds approximately $80 per month to a $500,000 principal-and-interest variable loan.

What Can You Do Right Now?

If your repayments have increased significantly, ANZ offers several options:

ANZ has several tools available to help customers manage changes to their home loans, including: visiting the Manage your Loan page to understand and control home loan repayments; accessing the Home Loan Repayment Calculator to model how rate changes affect repayments; undertaking a free Home Loan Check-In to review home loan options; considering fully or partially fixing the home loan interest rate for more repayment certainty; and using the ANZ Budget Planner to understand spending and plan for the future.

9. ANZ Tools and Resources for Borrowers

ANZ provides a suite of free digital tools to help borrowers understand and manage their loans. Here’s a quick reference guide:

Tool	What It Does	Where to Find It
Home Loan Repayment Calculator	Estimates monthly, fortnightly or weekly repayments	anz.com.au → Home Loans → Calculators
Home Deposit Calculator	Estimates how long to save a deposit	anz.com.au → Home Loans → Calculators
ANZ Property Report	Provides property price range estimates and equity	anz.com.au → Property Report
ANZ Budget Planner	Maps income and expenses to support financial planning	anz.com.au → Tools
Term Deposit Calculator	Estimates returns for different terms and amounts	anz.com.au → Term Deposits
ANZ Internet Banking	View current interest rate from 16 May 2026 onward	anz.com.au → Login
ANZ App	Full banking management on mobile	App Store / Google Play

Customers can view their current interest rate at any time in ANZ Internet Banking or the ANZ App, noting that new interest rates are visible in both platforms from one day after each effective date.

ANZ’s customer service line for home loan enquiries is 13 25 99, available Monday to Friday, 8am to 7pm Sydney/Melbourne time.

📐 Context: What Does This Mean for Australian Property?

Understanding ANZ’s rate movements is only half the picture. If you want to understand where Australian property values are heading as a direct result of these rate rises — including ANZ’s own official city-by-city price forecasts — read our dedicated analysis:

👉 ANZ & NAB House Price Forecasts 2026: Sydney and Melbourne to Fall While Perth and Brisbane Hold Firm

That article covers ANZ’s forecast that Sydney prices will fall 8.4% in 2026, Melbourne will fall 7.7%, and what that means for buyers, sellers and investors across every capital city.

❓ Frequently Asked Questions

Q1: What are ANZ’s current home loan interest rates in June 2026? ANZ’s variable home loan rates were last increased by 0.25% p.a. effective 15 May 2026, following three consecutive rate rises in 2026. Specific current rates vary by loan type, LVR and whether you qualify for special offer discounts. For today’s exact rates, visit anz.com.au/personal/home-loans/interest-rates — ANZ updates this page after each rate decision.

Q2: How do I use the ANZ mortgage repayment calculator? Visit anz.com.au/personal/home-loans/calculators-tools/home-loan-repayment-calculator and enter your loan amount, term (1–30 years), interest rate type (variable or fixed), repayment type (P&I or interest-only), and preferred payment frequency (monthly, fortnightly, or weekly). The calculator produces an estimated repayment amount. Note it doesn’t include all fees and charges.

Q3: How much have ANZ’s rate rises added to my repayments in 2026? Each 0.25% p.a. rate rise adds approximately $80 per month to a $500,000 variable owner-occupier P&I home loan. ANZ has raised rates three times in 2026, for a total increase of 0.75% p.a. — adding approximately $240 per month, or $2,880 per year, to a $500,000 loan.

Q4: What is the ANZ Plus interest rate in 2026? ANZ Plus Growth Saver offers a bonus rate for customers who grow their account balance by $100 or more each month, alongside a standard base rate. Both rates are variable and subject to change. For current ANZ Plus rates, visit anz.com.au/plus/interest-fees. The ANZ Plus Flex Saver pays a higher rate on balances up to $5,000.

Q5: What are ANZ’s term deposit rates right now? ANZ’s top Advance Notice Term Deposit rate is currently 4.35% p.a., available for deposits between $5,000 and $1,999,999 for 12 to 24-month terms. This is the highest term deposit rate among the Big Four banks, sitting 10 basis points above CommBank and NAB and 25 basis points above Westpac. A 31-day notice period applies to early withdrawals.

Q6: What is the difference between an ANZ fixed and variable home loan? A variable rate home loan can change at any time, moving in line with RBA cash rate decisions and ANZ’s own pricing reviews. A fixed rate home loan locks your interest rate for a set term (typically 1–5 years), providing repayment certainty. At the end of the fixed period, the loan reverts to a variable rate. ANZ currently offers fixed rate options for 1 to 5-year terms.

Q7: Should I fix my ANZ home loan rate right now? This depends on your financial circumstances and risk tolerance — always seek advice from a licensed financial adviser before switching loan types. As a general guide, fixing provides certainty against further rate rises. Westpac forecasts two more rate hikes in August and September 2026; CBA, ANZ and NAB expect rates to hold for the rest of the year. If the more bearish Westpac forecast proves correct, fixing now could save significant money.

Q8: What is the ANZ Property Report? The ANZ Property Report is a free tool that provides a price range estimate for a specific Australian property, based on available market data. It also estimates your home equity by comparing your property’s estimated value against your remaining loan balance. It is available through ANZ Internet Banking and the ANZ app, and via the ANZ website for property profile requests.

Q9: How do I contact ANZ about my home loan? ANZ’s Home Loans customer service line is 13 25 99, available Monday to Friday from 8am to 7pm Sydney/Melbourne time. You can also message ANZ through the ANZ App, visit any ANZ branch, or use the Live Chat function on anz.com.au.

Q10: How do ANZ’s home loan rates compare to other Big Four banks? As of early June 2026, Big Four variable home loan rates are competitive across all four banks, with CommBank’s Digi Home Loan offering the lowest published variable rate at 6.09% p.a. (6.22% comparison rate). ANZ, NAB and Westpac compete closely across both variable and fixed rate products. Smaller lenders typically offer lower rates but may have fewer policy flexibilities.

Conclusion: Managing Your ANZ Home Loan in a High-Rate Environment

Three rate rises in five months. That’s the reality ANZ variable rate borrowers have faced in 2026 — and the pressure on household budgets is real.

The good news is that ANZ has built out a genuine toolkit to help: the repayment calculator, the home loan check-in service, the budget planner, and direct access via the ANZ app. These tools won’t lower your rate — but they will help you understand exactly where you stand and what your options are.

On the savings side, ANZ’s 4.35% p.a. term deposit rate represents genuine value in the current environment — the best headline rate among the Big Four banks for depositors who can lock funds away for 12–24 months.

And if you want to understand what these rate rises mean for the Australian property market as a whole — including ANZ’s own forecast that Sydney prices will fall 8.4% this year — our full analysis has you covered.