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Variable interest rates across ANZ’s Australian home loans will increase by 0.25%pa, effective 16 June 2023.

ANZ is offering a new 12-month Advance Notice term deposit rate of 4.60%pa, effective today, 9 June 2023. ANZ continues to review other deposit rates.

ANZ Group Executive Australia Retail, Maile Carnegie said: “We know rate changes affect customers differently. Our team is trained to support customers and their specific circumstances.”

“We have several tools available to help our customers understand and manage their home loans, including our , which enables customers to see how this change will affect their repayments.”

“There are multiple ways customers can connect with us, including making an appointment at a branch or contacting us by phone. We are here to help,” Ms Carnegie said.

The 0.25%pa change to variable home loan interest rates will increase monthly repayments by $69 on a variable home loan of $450,000 for an owner occupier paying principal and interest.

In addition to the ³Ô¹ÏÍøÕ¾ loan repayment calculator and the ³Ô¹ÏÍøÕ¾ loan check-in, to better understand these changes our customers can:

• visit our updated page, which makes it easier for customers to understand and take control of their home loan and repayments;
• undertake a free which could help customers to get more certainty or flexibility in their home loan;
• learn more about either wholly or partially , which may assist some customers with repayment certainty during this period; and
• use the to understand their spending and plan for the future.

Customers who would like assistance should visit any ANZ branch, contact their local ANZ Mobile Lender, log on to anz.com, or call 13 13 14.

ANZ considers a range of factors in making these decisions, including the impact on customers, the change in the official cash rate, business performance and competitive pressures.