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2.19% Fixed 2 Years Owner Occupied + 6 Mth Hardship Repayment Freeze + 0.3% Bundle Rebate @ ANZ

ANZ 2.19% home loan fixed 2 year owner occ + 0.3% bundle rebate. LOWEST EVER BY BIG 4 BANK.
UPDATE 1/4/2020: 2.49% investor fixed 2 years. We are currently at 2-3 business day turnaround, thanks for your patience.

ANZ is the ONLY big 4 bank to pass on the emergency cut of -0.15% to variable rates

ANZ also allow a request to defer/freeze home loan repayments for up to six-months for hardship subject to approval.

Other big 4 offers: CBA/NAB/Westpac 2.29% fixed 1-3 years. Not passing on of any cuts to variable.

ANZ increased refinance rebate to $4000 for loans above $250k (must lodge by 31/5/2020)

Available under:
- Simplicity Plus: no annual fee, free redraw.
- ANZ Breakfree package, including offset account, redraw, premium credit card. Annual fee $395.
Can be split with variable 100% offset. Fixed has break costs if closed before expiry. No break costs under variable.

ANZ variable rates

Simplicity Plus
2.72% (CPR 2.76%) owner occupied P&I
3.12 (CPR 3.16%) investor P&I (approx +0.3% interest only)

Package (subject to pricing approval)

2.69% (CPR 4.30%) owner occupied P&I (Approx +0.5% interest only)
3.09% (CPR 4.37%) investor P&I (approx +0.2% interest only)

ANZ fixed rates

2.19% (CPR 3.91%) fixed 2 year owner occupied P&I
2.49% (CPR 4.53%) fixed 2 or 3 year (CPR 4.37%) investor P&I
2.69% (CPR 4.55%) fixed 2 or 3 year (CPR 4.40%) investor P&I interest only IO

PLUS ANZ bank rebate (lodge by 31/5/2020)

$4,000 loan size above $250k

PLUS 0.3% Bundle Rebate (available via Bundle Property Home Loans only)

In ADDITION to bank rebates, Bundle Home Loans gives a rebate of 0.3% of loan size (net of offset at settlement drawdown. ie balance owing) for ANY bank or product, eg:

$400,000 = $1,200 Bundle cash rebate
$700,000 = $2,100 Bundle cash rebate
$1,000,000 = $3,000 Bundle cash rebate

Total Fees eg NSW & VIC incl GST


Mortgage discharge fees $143.5 (NSW), $116.80 (VIC)
Transfer/Mortgage Registration fee $143.5 (NSW), $116.80 (VIC)
Title search $14.70 (NSW)
Legal/settlement fee from incoming lender – Approx $100-$350
Discharge admin fee from outgoing lender – Approx $250-$350
Total fees approx $650 - $800 in most cases.

Why should I fix?

Given it's now obvious banks are no longer passing on any more rate cuts as predicted and cash rate is at 0.25%, a low fixed rate can still save you more money as you can get an immediate benefit from today as opposed to waiting for a drop.

Always worth doing a calculation for your situation, eg:

If you have an existing loan and your rate is 3.18%, fixing at 2.68% will save you 0.5% each year.
On a $500k loan, that is a saving of $2500 every year.
If you're saving 0.5% and go with a lender giving rebates eg Westpac $6,000 for 2 properties, plus our Bundle Rebate of $1,500, that's a further $7,500 in rebates, plus $2,500 interest savings, you are getting a benefit of $10,000 in just one year!

Let me know if we can help.
We have some of the lowest rates, and can get pricing discounts up to 1.9%.
Our policy is to beat any competitor/broker/lending manager with our rates and rebates, so will do whatever it takes to get the best deal for you.

update We are receiving many enquires from previous deals and are replying within 2-4 days. If it's an urgent purchase or fixed expiring, pls write "URGENT" in subject or text and we will contact you ASAP. Thank you for your patience and we will reply to each and every enquiry (in case we miss one, please send me a DM).

Bundle Property Home Loans
T: (02) 9698 7186
M: 0422354868
E: [email protected]
ACL 445947
The information provided is for general education purposes only and is not intended to constitute specialist or personal advice. This has been provided without taking into account your objectives, financial situation or needs. Because of this, you should consider the appropriateness of the advice to your own situation and needs before taking any action. It should not be relied upon for the purposes of entering into any legal or financial commitments. Specific investment advice should be obtained from a suitably qualified professional before adopting any investment strategy.

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  • +2 votes

    Can you do this for loans less than $150k


      No rebate under $150k

      • +6 votes

        max it out, then sit the spare cash in an offset. fix the portion where your offset wont breakeven.


          Can you explain this more in detail please?

          • +9 votes

            @toking: let say your house is worth $10, and you only owe $1.

            When refinancing 80% LVR (or whatever you desire), you get $8 borrowed - $1 to pay off the current loan, and $7 cash.

            Since you want to fix only $1, you split the newly borrowed $8 into $7 + $1, where the $7 is variable with full offset and $1 fixed at whatever you desire.

            So now you have two loans $1 fixed, and $7 variable with offset.

            Remember the extra $7 you have borrowed? Place it into the offset account. meaning the $7 portion will pay no interest.


        I'm on 3.37% rate on simplicity plus. Can you get me onto 2.76 CPR owner occupied P&I


    Wow the variable rate is lower than fixed?

    2.12% (CPR 2.76%) owner occupied P&I

  • +2 votes

    Can an existing customer with ANZ fixed loan shift to these fixed rates?


      Would like to know if I can switch regular anz loan to these deals

    • +16 votes

      That's not how fixed loans work.

    • +5 votes

      Yes you can. After you pay a fixed rate break fee!

      • +1 vote

        If the fixed-rate break fee is less than $4000 and you get $4000 from ANZ, then win win


          Break costs are also tax deductible!


          Fixed rate break fee is calculated on a daily basis and takes into account the costs the revenue will loose by breaking the rate. So it’s actually not $4000, it’s different for everyone and depends on the old rate, current rate, loan balance and term remaining on the loan. You also can’t get $4000 back if your already with ANZ. The $4000 is to attract new customers only or additional lending of $150k+ refinanced to ANZ from another bank

          I know this because I work for ANZ and help customers with their lending.


    • +1 vote

      Also would like to know. Currently have four months left of fixed rate with ANZ. Like to break so I can get $$ back


      I spoke to ANZ it is not possible to pay the break fee and fix again with 2.19% and still be eligible for the $4000 bonus and the bundle rebate without first moving to another bank and moving back.

      But you can try your luck.

  • +3 votes

    Where are the investor fixed rates ?

  • +1 vote

    What's the rate for Investor P&I Fixed?

  • +64 votes

    I will say this until I am blue in the face - everyone should wait for a week or two and see what deals come out. Locking in to a 1-3 year fixed rate when the market is still turned on its head seems really unwise to me. Cheers!

    • +2 votes

      ^ This. :)

      • +5 votes

        Yup, for them to be dumping fixed rates by 0.7% or greater, indicates to me that they will lower rates even further.


          What would be you suggestion if loan is due for renewal at end of April?
          Should I wait for couple of weeks or start the process and change bank in middle of it if another bank put more attractive offer?
          Another option I have is to keep loan in variable for couple of weeks more but that will incur $400 package fee.

    • -10 votes

      I can see where you're coming from. However what if you are on 3% and your bank is no longer passing on any cuts, how will you get a lower rate? When will your bank decide to cut the rate by itself? Even with the RBA cutting to 0.25%, banks are not passing it on. In a time of crisis, the government would support banks to still need to make a profit and survive to allow it to help small business and not request a bailout. Also in a crisis the government would only likely bail out ADI's ie big4 and lower tier lenders, but I would be careful with non ADI online non bank lenders as there is no government guarantee or bailout possibilies.

      • +13 votes

        Len, a real hodge podge of comments there. I think you've missed my point? I'm not saying don't refinance, I'm saying wait a couple of weeks until all the banks have announced their rates and offers. I also stand by what I've said before which is that when fixed rates are lower than variable it's (primarily) because lenders expect variable rates to go down.

    • +1 vote

      Agree, agree, agree. Every chance we'll see lower variable rates across the board soon. Fixed rate this low means the banks are sweating- they know the rate is going to get even lower, and they're probably hoping for a handful of people fixing their loans to guaruntee some revenue before then.

      • +1 vote

        I don’t think variable rates will go much lower… fixed rates are so much lower now because of RBA buying longer term govt bonds which pushes bank funding costs for fixed loans down significantly.


          Well, the banks disagree with you. They clearly think variable rates will go lower. Hence why the fixed rates are where they are- you pay the bank for the privilege of security and certainty.

  • +12 votes

    You'd be mad to lock in a fixed rate at this point in time

    • +2 votes

      But the banks are not dropping their variable rates though

      • +2 votes

        that's what they want you to think why bring out all these low fixed rates?


          Because they have better funding certainty on fixed rates.

          • +2 votes

            @serpserpserp: I'm a pricing guy, trust me, if they want customers they will compete against each other.

            Dropping fixed rates instead of variable is a smart idea as only new customer can get it, whereas if it's variable it will be passed to all existing customers which means reduced revenue and profit without before any increase in customer numbers. Genius but also a bad look in such an environment.

      • +1 vote

        ANZ aren't dumb, why would they dangle a $4000 carrot.

        In interest of disclosure, do you get the same commission for a fixed vs variable?


    To refinance should I pay another 10% deposit to a new lender on a 550k loan?


      What do you mean? If you have a home worth ~$611k then that will be considered your 10% equity on a $550k loan.


        Good news! Thank you. I always thought that I had to pay another 10-20% deposit to a new lender in order to refinance with them…


          No worries. The way to think about equity is that is how much you have put towards the purchase price of the home (because a bank will not want to lend you 100% of the value of the home in case it drops in value). It's not a fee or charge taken by the bank.

          So if, for some reason, you sold your property today, you would pay out the bank loan and then whatever cash is left would be yours.


    Anyone know if ING will be freezing home loans?


    What is 0.3% Bundle Rebate? Please explain

    • +3 votes

      It's gravy baby. Gravy.


        We gives a rebate of 0.3% of loan size (net of offset at settlement drawdown. ie balance owing)

        • +1 vote

          I feel like I've asked this before but I never got a response back from you (in your previous post).

          Since your rebate is paid 50/50 at 2 months then 24 months, but is calculated at settlement (?) net of offset, couldn't someone just put money into their offset account day after settlement?

          In which case why does the "net of offset" even matter …


          Can you please explain how this rebate work? What is net of offset and when is the rebate paid? Thanks.

  • +1 vote

    Great deal OP, I will be in touch after around 2 weeks. Economic situation is too volatile to sign any lock-in contracts ATM.


    I will wait for a little further.


    Hmm I currently have a 605k mortgage at 3.75% Fixed until Nov 2020 with ANZ.

    Been told the fixed rate exit fee is $6,500

    What to do….

    • +3 votes

      Do a calculation of saving per month and whether if it is worthwhile to break. There is a calculator as part of Windows 10 if you no longer have a desk calculator.


      Wait, would save around $6.3k if you broke and got on new %

    • +5 votes

      Basically the calculation you should do is:

      {Current annual interest cost @ 3.75%} - {New interest cost @ new rate} - Exit fee

      If that number is positive it means you will save more than the exit fee in interest expense over the next 12 months

      This simple approach assumes interest rates do not change over the next 12 months

      If you are asking this question (please don't take this the wrong way) I suggest you find a good mortgage broker or financial advisor to help you through these decisions


        I'm in the same position. Fixed at 3.75% with ANZ until November 2020. I called ANZ and asked if they would waive the loan break costs so that I can go onto the 2.19% deal as a COVID-19 compassionate gesture and they wouldn't budge. The banks always make their money. Even if you defer loan payments for 6 months, they just add the interest on top, so they will still make their money on the loan.


      I told you what to do in other thread. Is your LVR below 80? If yes, just call OP.


      Your break fee might go up, as the new rates are lowered. Best opportunity for taking advantage was to break your package a few days earlier, when the market knew that the rates will come down. I don’t think between now and November you will have savings of $6500+ if you change to the new rates. Come November hopefully you will get the new or or even better rates. They are predicting the covid19 situation to last up to six months. You will be in a perfect situation to assess and take advantage of the rates at that time.


    Gimme the bloody variable. These guys are going fixed as things will continue to stop


    Still can’t find anything offical form ANZ regarding the $4000 Cashback?


      Ditto. Is this $4k funded by ANZ or the broker?

    • +2 votes

      ANZ $4k refi here: https://imgur.com/a/s6sQYNj
      Can call ANZ directly and check too. As previously advised, ANZ no longer advertising directly on their website.

      Effective 9 March 2020, ANZ home loans switching cashback discretion will be updated. For eligible customers refinancing home lending of $250,000 or more from an OFI (which may include some additional new lending), a higher cashback amount of $4,000 will be available.

      Please note the eligibility criteria for cashback discretion include brokers submitting an OFI Refinancing Payment form for the customers they have offered cashback (once their loan has drawn down), and that the cashback amount must be paid to an eligible ANZ transaction account.

      This updated discretion replaces any existing ANZ switching cashback arrangements (from 9 March 2020). If your customer submitted their application at the time a previous ANZ switching offer applied, they will remain eligible for cashback under that previous offer (subject to satisfying applicable terms and conditions).

      Eligibility criteria
      Loan applications must be submitted between 9 March 2020 and 31 May 2020.
      Loans must be drawn down by 30 September 2020.
      See below the following lending tiers and cashback amounts:
      New to ANZ Lending^ Switching amount available
      At least $150,000 but less than $250,000 $1,200
      $250,000 or more $4,000
      ^New to ANZ Lending must include home lending refinanced from an OFI. New to ANZ Lending may also include additional new lending.


    Signing a contract to buy a house right now could see you out of a job, yes you have a repayment holiday but you still need to pay the accrued interest. Might end up owing more than your house is worth by end of 6 months.

    • +1 vote

      Lucky you don’t generally buy a house to sell in 6 months time. Let people make their own decision, you’re not a financial advisor

      • +3 votes

        financial advisor

        If I was then you'll have nothing by now. You must not be reading the news.

        Didn't say anything about selling. Just the idea of negative equity would be stressful and a trap in itself.

        You not one of those who said "buy more shares and it will be okay in 10 years" a week ago when the markets were 1000 pts higher were you?

        Don't think you're a financial adviser either.

        • +3 votes

          I’m not a financial advisor no, I’m a chartered accountant… hence I gave no financial advice in my comment

          • -8 votes

            @BarryBargain88: Chartered Accountants are really only good at doing financial statements for the year ending or half year ending. You guys have no idea about forward forecasts. Number one in numbers (as in tax returns)

            • +1 vote

              @netjock: Exactly right.. we are not allowed to give financial advice either, it’s illegal… hence, and I’ve said it twice already, I don’t give financial advice on this forum and you shouldn’t be either especially because you have no idea what you’re talking about

              • -1 vote

                @BarryBargain88: Okay coming from the Chartered Accountant from the same professional association associated with Big 4 accounting firms that have audited pretty much all the big corporate failures and washed their hands of it. The only one that was allowed to fail was Arthur Andersen.

                Chartered accountants are good at hiding. At some point chartered firms will be broken up

                I am giving exactly the same general advice as disclaimers on bank webpages which is: if you don't keep up with your repayments you will have your house repossessed. That could be as a result of job loss.

                I am also not telling someone to sell at the end of 6 months. It is the same general notice people get when signing up for a share trading account: investment values go up and down, you could end up with less than you put in.

                You have no idea between non specific advice (I have no idea of your circumstances neither am I recommending any products) and if you act on advice which you got and there is no contractual arrangement (including free only in pro bono). You need a contract to be enforceable and governed burden of responsibility.

                Now that you hold yourself out as a Chartered Accountant then you can't give advice, because you are holding out you are acting in a professional capacity (or you are just lying about being an accountant). I hold myself giving common sense advice as a unskilled cleaner.

                Losing your job is a real possibility, mortgage holidays is a real possibility (given the reported in the news), losing money on investments is a real possibility. Am I asking people to sign on for a product? I am just alerting to the fact that the following things are a realistic possibility which are not financial products.

                • +11 votes

                  @netjock: Did anyone else start reading that and lost interest after the first paragraph or just me?

                  • -1 vote

                    @thenextsaint: Does it really matter to me whether you are interested? The only people who are interested in what other thinks about their car, how much they spend is people who have less sense than money.

                    I've managed organisations where hundreds of millions is just rounding and at a group level less than a billion difference in the balance sheet views is irrelevant. But then I'm with the people with make fact based decisions not people who just talk trash hoping they won't get found out.

                    People who aren't interested in history is people who make the same mistakes over and over.

                  • +2 votes

                    @thenextsaint: I wish I never responded to him in the first place. I appreciate his effort though

                • +2 votes

                  @netjock: WIth ya. Common bloody sense.

                  More and more people are loosing their jobs…which in turn will mean less being spent in society..so even if you think your job is safe now it might not be. Less spending, less money going around, more people unable to pay their mortgages and selling and lower and lower prices, more owing more on their mortgage than their houses are worth.

                  It's a vicious cycle and I've not ever seen anything like this in my life…but I was born in the 80s. Even the GFC didn't seem to be as drastic as this. This is sudden and people are loosing jobs very quickly due to the corona virus and it basically putting an embargo on even the ability to spend.

                  As net said….awesome…get that 600k loan on 2% fixed interest. And if you loose your job in 3 months good luck trying to cover 12k interest.

                  Consider the very worst scenario…then decide if you can handle that…in a situation that is going to get worse and stretch out longer. Consider what is happening to the economy much like what is happening with virus infection rates. The more that loose jobs spend less affecting more businesses which will cut more jobs …you get the idea.

                  It's not rocket science for anyone that thinks this guy is talking garbage. If it doesn't make sense you should really consider educating yourself even just a little bit.

    • +3 votes

      Signing a contract to buy a house has no effect on whether you are out of a job, that can happen regardless. But there's certainly significantly more risk taking on a loan as big as this right now.

      Yet to see how the "repayment holiday" period will work. Generally interest capitalises on the loan, rather than a payment being required to cover it, this will certainly change given you won't be making principal repayments. Will it convert to Interest Only? This won't really help many on a single income or no income at all right now.

      Will it make a loan go into arrears, with additional payments plans required post unfreeze? It won't all just be fixed as soon as we get through the other side, people won't be able to all of a sudden make more repayments than they were prior to this blowing up.

      This is a snap decision being made to stop an utter and immediate collapse (i'm not saying it's right or wrong), there will be further measures come out over the next weeks/months to address all of this.


        curious to know the answer to this as well!


        Will it make a loan go into arrears, with additional payments plans required post unfreeze?

        Look up the UK example. Google is your friend in this instance.


      Agree…some people are still oblivious to the mega recession looming upon us. These are unprecedented times not only in Australia but all around the world
      and all time low interest rates and Quantitative Easing is not going to cut it I'm afraid.


    Where can we find the cashback offer from ANZ being $4000 for loans above $250k.


      it's a discretion and not publicly advertised but ask your local branch or call them they'll know and tell you about it.


      Yeah it's not being publicly advertised, can PM if interested


    Can you do equity release with this to get you up to the 250K minimum limit ?

  • +1 vote

    Gimmick. Prefer Variable in these uncertain times. Hate fixed rates. ANZ is okay as they allow people to prenegotiate the revert rate.


    Len, can I combine this with my corporate ANZ discount where the annual fee of $395 associated with the package gets waived?


    Fantastic. More subsidy to gamblers by people with their affairs in order.


    I thought NAB and Westpac hasn't announced what they were doing yet with variable rates?

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