Australia and New Zealand Banking Group (ANZ) home loans can be split between variable and fixed, the base debt recycling needs. Three ANZ rules shape the setup: one offset per loan, redraw only to ANZ accounts and fixed repayment limits.
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Usually, yes, if your loan is a variable ANZ loan that can be split. The strategy doesn't need a special product. It uses an ordinary split home loan with redraw on the investment portion.
Which ANZ range you are with matters, along with any fixed portion, your equity and how much ANZ will lend against your income. For the method itself, see how debt recycling works.
Facts on this page are according to ANZ's website (November 2026). Lender policy changes, so we confirm current policy with ANZ before any application.
| Feature | What ANZ's Website Says | Why It Matters |
|---|---|---|
| Split loan | A home loan can be split between a variable rate and a fixed rate loan, in the ratio you choose. | The page describes variable plus fixed only. Ask how a second variable split is set up. |
| ANZ One offset | Links to an eligible loan such as ANZ Standard Variable or a one-year ANZ Fixed loan. Each eligible loan can link to only one offset account, at $10 a month per offset account. | With one offset per loan, it should go on the home split. |
| Redraw | Available on ANZ Standard Variable Rate and ANZ Simplicity PLUS loans, and on ANZ Fixed Rate loans once in their variable period. No minimum amount. | Redraw is the step that turns paid-down money into investment borrowing. |
| Redraw destination | Only to another ANZ account linked to your ANZ Internet Banking. | Funds stop in an ANZ account before reaching your investment. |
| Ongoing fees | The Standard Variable page says you won't pay ANZ set-up or ongoing fees on your home loan. The offset fee and some settlement fees still apply. | Ask whether any fee applies to adding a split. |
| Interest only | On Standard Variable, up to five years for owner-occupied loans and 10 years for investment property loans. | Investment splits are often interest only, so the term limit matters. |
See how we set up the splits for the usual layout of home split, investment split and offset.
A fixed split can sit alongside the strategy, but it can't be paid down and redrawn freely. Our guide to fixed rate debt recycling covers what happens when a fixed term ends.
ANZ also offers ANZ Plus home loans, which are applied for and managed in the ANZ Plus app. Its page describes one linked offset account at $10 a month and does not mention split loans.
ANZ's ANZ One offset page also excludes ANZ Plus products. If your loan is an ANZ Plus loan, check whether it can be split before planning around it.
Each split should do one job. If a loan is used for both private and income-producing purposes, the Australian Taxation Office (ATO) says the interest must be apportioned.
If your ANZ loan is variable and can be split, a change to the existing loan may be all you need. Staying put avoids discharge and new-lender costs.
A move is worth weighing if the loan can't be split the way you need, one offset per loan doesn't suit how you hold savings, or ANZ won't release the equity your position supports. Our page on refinancing for debt recycling covers the costs to count, including any Early Repayment Cost on a fixed portion.
We compare 40+ lenders, ANZ among them, and only suggest a change if your current loan can't do the job.
The first call covers your goals, current loan, income and savings, as explained on our debt recycling broker page.
Our role is the lending. Your financial adviser recommends investments, and your accountant or registered tax agent confirms the tax treatment.
Debt Recycling Loans is not affiliated with ANZ. ANZ is one of 40+ lenders on our panel.
ANZ's variable loans can carry a debt recycling setup, with one split for the home and another for investing. The ANZ-specific checks are the single offset per loan, redraw paid only to a linked ANZ account, the yearly limit on fixed repayments and whether an ANZ Plus loan can be split at all.
Alex can review your ANZ loan on a free call and tell you what, if anything, needs to change.
Book a free, no-obligation call to check your ANZ splits, offset and redraw with Alex.
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ANZ says an eligible loan can only be linked to one ANZ One offset account, and vice versa. A $10 monthly fee applies to each offset account.
No. ANZ says a loan redraw can only be deposited to another ANZ account linked to your ANZ Internet Banking. Keep a record of each transfer from that account to your investment.
Without an Early Repayment Cost, the lesser of 5% of the loan amount at the start of the fixed period or $5,000 each fixed year, according to ANZ's website (November 2026).
No. ANZ says redraw is not available during the fixed rate period, and principal reductions made during a fixed period can't be redrawn later.
ANZ Plus loans are managed in the ANZ Plus app, and ANZ's page for them does not mention split loans. We check what your ANZ Plus loan allows before planning around it.
ANZ's Standard Variable page says you won't pay ANZ set-up or ongoing fees on your home loan, though the offset fee and some settlement fees apply. We confirm current fees before you apply.
What a debt recycling home loan needs: separate splits, usable redraw, the right repayment type and fair fees, and whether to vary or refinance.
Read more → GUIDEWhich lenders support debt recycling? Compare loan features, borrowing capacity, refinancing costs and why lenders decline, with worked lending scenarios.
Read more → GUIDESee how redraw contamination creates mixed-purpose debt and the practical loan setup and transaction controls that can help prevent it.
Read more →
1. Arranged a loan when our small business situation made it difficult to qualify.
2. Met requirements to have funding available by a specified date.
3. Understood my needs to setup debt recycling to allow tax structuring.
4. Communicated well throughout.
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