Lender

Lender Name

ANZ

Product Name

VARIABLE RATE LOAN

Product Type

VARIABLE

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 residence)  from which they will not earn any income.

Construction of a residential property to be occupied by the borrower upon completion.

Refinance existing loan/s.

Renovations.

NOT Available for purchase of residential land

(Purchase of residential Land is only available through Residential Land Loan / Money Saver)

Repayment Type

Principal & Interest
Interest Only term of up to 10 years

Repayment Options

Weekly, fortnightly, or monthly

Repayment Method

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

Extra Repayments

Principal reductions & full repayment can be made at any time without a prepayment fee where the loan has been in place for 4 or more years. If the loan is repaid in full or refinanced to an OFI within the first 4 years the deferred establishment fee will apply.

Special Offers

Term

Principal and Interest Reducing for up to 30 years
Interest Only up to 10  years

Loan Size

Minimum loan amount $20,000
No maximum loan amount applies.

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 detaills.

Acceptable Income

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

Fees

Loan Approval Fee: $500 (Max Discount is $100) plus Valuation Administration Fee $150

Discount for Loan Approval Fees:

At least one of the following

Loan Periodic Payments from ANZ a/c

Salary Credit to ANZ a/c

ANZ Credit Card Holder $100 discount and or                                                                 

Purchase one of the following Insurances with the loan through ANZ  $100 discount

Mortgage Repayment Insurance

Home and Contents Insurance

Residential Investment Property Insurance

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 (Total)

Discount for Loan Approval Fees may apply refer to Lender:

Deferred Establishment Fee $700

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.

Loan Admin Charge  $5 per month

Guarantee Administration Fee $200

Offset

ANZ One available (conditions apply).
ANZ One - No Minimum.

Redraw Facility

Yes $25 Minimum amount $2K

Product Change

Available fees apply maximum fee $350

Statements

Issued monthly, quarterly

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 packages

Lo Doc 80 discounts

$150K< $250K discount of 0.40% p.a

$250K< $700K discount of 0.50% p.a.

$250K< $700K discount of 0.60% p.a. *when taken under breakfree package only*

>$700K discount of 0.60% p.a.

Discounts apply to the following

Standard Variable Rate & Investment Standard Variable Rate  Standard Variable Rate Land Loan & Investment Standard Variable Rate Land Loan

ANZ Mortgage Products can now be used for Business Purposes (up to a maximum of 50% for each individual ANZ Mortgage product) refer to Lender,