Lender

Lender Name

ANZ

Product Name

FIXED RATE LOAN

1,2,3,4,5,7 and 10 YEARS

Product Type

FIXED

Interest Rates

Latest Interest Rates

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Target Market

Owner Occupier or Investment purposes
Purchase existing residential property.
Finance of holiday homes (residential properties for use by borrower or family but not as their prime residence) from which they will not earn any income.
Construction of a residential property

Repayment Type

Principal & Interest & Interest Only maximum 10 years
Where repayments are Interest Only the interest must be debited into a nominated ANZ Cheque or Access Account - not the loan account. The fixed term and the interest only term must also match.

Repayment Options

Weekly, fortnightly, or monthly.
Interest Only - monthly payments only must be debited from a ANZ account.

Repayment Method

Deposit book, periodic payment from ANZ Access or cheque account, or salary deduction.

Extra Repayments

Prepayment cost or benefit applies for principal reductions and/or full repayment during the fixed rate term.
5% of the loan to a maximum of $5k reduction allowed per year.

Special Offers

Term

Up to 30 years.
1,2,3,4,5,7 or 10 years up to overall term of 30 years.
Principal and Interest or interest only up to 10 years.

Loan Size

Minimum: $50,000

Mortgage Insurance

Full cover required if LVR exceeds 80%.
Postcode and security location restrictions may be applicable.

Do you work in a medical profession?

ANZ have a medical benefits package where they waive lenders mortgage insurance for those in health occupations, such as, doctors, dentists, physiotherapists, pharmacists and many others. Contact Us for more information

Acceptable Income

Self employed applicants to provided returns for last 2 years, Salary and wage earner.

Fees

Loan Approval Fee: $500 (Max Discount is $100) plus
Valuation Administration Fee $150 Applies for administration costs incurred for each valuation or price estimate required. VAF not applicable if Contract of Sale used (in line with ANZ Valuation policy)

Offset

ANZ One and Home Loan Interest Saver are available (conditions apply). only on 1 year Fixed.
ANZ One - No Minimum, Home Loan Interest Saver - min $2,000 only on 1 year Fixed.

Redraw Facility

Not applicable

Product Change

Not provided

Statements

Issued 6 monthly

Portability

Yes

Split Loan Facility

Yes

Special Notes

Acreage over 25 acres refer to Lender will consider case by case.

Lo Doc available on all products refer to Lo Doc Policy Profile 60/80
Lo Doc 80 discounts
$150K< $250K discount of 0.40% p.a
$250K< $700K discount of 0.50% p.a.
$250K< $700K discount of 0.70% p.a