What are the different types of interest rates?

The ANZ Plus Home Loan only offers a variable interest rate, right now, but you may be wondering about the difference between interest rate types. Here’s some general information to help:

A Variable Interest Rate means that the interest rate may change over the life of the loan. Repayments, therefore, may increase or decrease over time so your budget may need some flexibility.

A Fixed Interest Rate means the interest rate remains the same for a specified period (the fixed rate period). During the fixed rate period repayments will remain the same and may provide certainty or stability in budgeting.

If having a variable rate ANZ Plus Home Loan doesn't suit your needs then ANZ may have other home loans that could work for you. You can leave us your details, or explore ANZ home loans online.

Request a call back
Explore ANZ Home Loans