1.1. At a glance

With an ANZ fixed rate home loan you will always know exactly how much your regular repayments are, giving you the security to budget with confidence. ANZ also offers some flexibility to make extra repayments on your fixed rate loan, free of charge.

A fixed rate loan is best suited to

• Customers who prefer a repayment amount that does not fluctuate.
• Customers who need a disciplined repayment structure so the loan is repaid over an agreed term.
• Customers who are unlikely to want to make large lump sum payments within the fixed rate term.
  

Features and benefits of ANZ's fixed rate loan

• Maximum term: 30 years.
• Repayment frequency: weekly, fortnightly or monthly.
• Extra repayments: you are able to make additional repayments each year of up to 5% of the loan balance or $10,000, free of charge.  See ANZ's fixed rate repayment tolerance for full details. 
  

• 60-day lock rate for both new and existing fixed rate loans.
• Loan repayment holidays.
  
• Loan top-ups may be available as a separate loan.
  
• Interest-only repayments for up to 10 years.
• ANZ Flexidraw and ANZ FlexiPlus not available.
  

How a fixed interest rate loan works

A fixed interest rate is guaranteed not to change for a specified period. If market conditions change and interest rates move up or down, your interest rate and the amount of your repayments will stay the same during the fixed interest rate term, even if rates decrease. This means you are shielded from any rise in interest rates and have the assurance of knowing how much you will pay for the fixed interest rate term.

Next: Making extra payments