Lender

Lender Name

ANZ

Product Name

SIMPLICITY PLUS

Product Type

BASIC

Interest Rates

Latest Interest Rates

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Repayment Type

Principal & Interest

Interest Only term of up to 10 years

Repayment Options

Weekly, Fortnightly or Monthly

Interest Only payments

Repayment Method

Deposit book, periodic payment from ANZ Access or Cheque Account, direct debit or salary deduction.

Extra Repayments

Yes at any time by electronic transfer, by mail or deposit made at Australia Post.

Special Offers

Loan Approval Fee waived for First Home Buyers Only.

Term

Principal and Interest - Up to 30 years 

Interest Only - Up to 10 years.

Loan Size

Minimum: $50,000

(Supplementary Loans not available)

Mortgage Insurance

Full cover required if LVR exceeds 80%. Postcode and security location restrictions may be applicable. Refer to www.anz-originator.com.au website for further details.

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 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) or for Progress Inspections.

Progress Payment Fee $250

Loan Administration Charge: $0

A kerbside valuation is required if the application meets the following criteria:

The contract price of the property is greater than $300,000, and the application does not include at least one existing ANZ customer (an existing ANZ customer is  defined as an applicant holding an existing non-credit card account with ANZ for at least the past 12 months)

Renegotiation Fee may apply when a change is requested. Depending on the type of change requested, fee is $200 (non-credit critical) or $350 (credit critical)

VAF may apply if a valuation is required.

Deferred Establishment Fee $700 applies if the loan is repaid in full or refinanced to an OFI within the first four years.

Guarantee Administration Fee $200

Offset

Not available.

Redraw Facility

Available Minimum $2,000. Redraw Fee: $25.  Redraw via Phone and Internet Banking

Product Change

Available fees apply maximum $350

Statements

Issued 6 monthly on the anniversary of settlement

Portability

Yes

Split Loan Facility

Yes

Special Notes

Acreage over 10 acres refer to Lender will consider case by case.

Lo Doc available on all products refer to Lo Doc Policy Profile 60