ANZ · rate lock
ANZ rate lock fee$750
Holds the rate for 90 days.
ANZ calls it the Lock Rate Fee. The fee is $750. Payable on application and refunded only if ANZ declines the loan. Fixed terms of one to five years. The fee steps with the loan: $750 up to $1m, $1,500 from $1m to $2m. The 90 days run from the day the fee is paid. The rate current on the day you pay the fee, held for 90 days from payment. We read ANZ’s own page on 3 November 2026 and quote it below.
ANZ’s own page on rate lock- Fee
- $750 per $1m of the loan, or part of it
- Lock period
- 90 days
- Lender’s term
- Lock Rate Fee
- Last checked
- 3 November 2026
What it comes to on your loan
A flat fee is the same whatever you borrow. Against it, what a quarter-point rise before settlement would cost over a three-year fixed term.
| Fixed loan | ANZ lock fee | +0.25% for 3 years |
|---|---|---|
| $400,000 | $750 | $3,000 |
| $600,000 | $750 | $4,500 |
| $800,000 | $750 | $6,000 |
| $1,000,000 | $750 | $7,500 |
The right-hand column is the extra interest over three years if the fixed rate rose a quarter of a point between application and settlement and you hadn’t locked. It is the cost the lock insures against, not a prediction.
In ANZ’s words
From the page we read, so you can check us.
ANZ — Lock Rate Fee
“This fee is payable on application to lock in the interest rate current at the time of payment of the Lock Rate Fee for a period of 90 days from when the fee is paid.”
How the others compare
Every lender we checked, on the same $600,000 loan.
Questions
How much is the ANZ rate lock fee?
$750. ANZ's own page says: "This fee is payable on application to lock in the interest rate current at the time of payment of the Lock Rate Fee for a period of 90 days from when the fee is paid." Payable on application and refunded only if ANZ declines the loan. Fixed terms of one to five years. The fee steps with the loan: $750 up to $1m, $1,500 from $1m to $2m. The 90 days run from the day the fee is paid. Checked 3 November 2026.
How long does an ANZ rate lock last?
90 days from the day the lock is applied. If the loan hasn't settled by then, the lock lapses and you settle at the fixed rate on the day, unless ANZ agrees to extend it. Ask before you pay if your settlement is further out than that.
Which rate does the ANZ rate lock lock in?
The rate current on the day you pay the fee, held for 90 days from payment. If fixed rates fall before settlement, ask whether you get the lower rate; most lenders pass it on, but the fee is not refunded.
Is the ANZ rate lock fee worth paying?
On a $600,000 loan a 0.25 percentage point rise costs about $125 a month, or roughly $4,500 over a three-year fixed term. Against a fee of $750, one rate move between application and settlement covers it. It is worth it when settlement is weeks away and rates are expected to hold or rise; it isn't on a quick refinance when they are falling.
Do other lenders charge less than ANZ?
Yes. ING charges $749, Ubank charges $500, Bendigo Bank locks for free. The full table is on the rate lock page.
Checked against ANZ’s own page on 3 November 2026. Lenders change fees and lock periods without much warning; if something here doesn’t match what they’ve told you, theirs is right and we’d like to know.
Fixing with ANZ? Check the rate first
The lock fee only matters if the fixed rate is worth taking. The rate monitor shows where ANZ’s rates sit against every lender on the panel, and a broker at 1st Street can tell you whether a package waives the fee.
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