ANZ has announced it will lower variable interest rates for its Australian home loan customers, following the Reserve Bank of Australia’s recent decision to cut the official cash rate. The bank stated that all variable home loan rates will decrease by 0.25 percentage points per annum, effective from August 22, 2025.
Bruce Rush, Acting Group Executive Australia Retail at ANZ, said: “We’re pleased to reduce our variable home loan rates at a time when a number of homeowners still need some extra breathing room. As we pass on further rate relief to our customers, some will use it to help take the pressure off their everyday expenses, while others will take the opportunity to keep their existing repayments and get ahead on their home loan.
“Over the last few years Australians have met uncertainty with resilience – but that doesn’t mean the pressure has eased for everyone. We’re here to help with real, practical support. If you’re feeling stretched, please don’t wait – talk to us early so we can help find a way forward,” Mr Rush added.
The bank said it is also reviewing other interest and deposit rates in light of the central bank’s move. Customers are encouraged to visit ANZ’s website for current home loan rates and resources aimed at helping them manage their loans.
ANZ offers several online tools and services for customers who want more information or support regarding their home loans. These include a page dedicated to managing loans and repayments, a repayment calculator showing how changes may affect monthly payments, and free check-ins to discuss available options. Customers can also learn about fixing part or all of their interest rate for greater certainty or use budgeting tools provided by ANZ.
The bank explained that decisions about changing interest rates are based on various factors such as customer impact, movements in the official cash rate, business performance, and competition within the market.
Customers seeking further assistance can find details about recent changes on ANZ’s website or contact customer service through digital channels or by phone.