ANZ Money Saver Loan
5.41%
95%
$96
Moneybuddy says
The ANZ Money Saver Loan is a basic variable which included the basic features you would expect from a home loan. Pay the loan off over 30 years and you can also make early repayments meaning you own your home sooner. Split the loan to take advantage of a fixed rate during rises and when variable rates fall. Take a break from repayments with a repayment holiday, just pay the interest owning each month if you need to.
The Basics
Interest type -
Headline interest rate 5.41%
Max LVR 95%
Annual fee $96
The cool stuff: features
Draw down loan progressively Yes - for up to 12 months
Insurance details -
Loan is Transferable Yes
Line of credit available No
Product suits -
The Facts & Figures
Introductory rate -
Introductory term -
Interest rate 1 year -
Interest rate 2 years -
Interest rate 3 years -
Interest rate 4 years -
Interest rate 5 years -
Interest rate 7 years 0%
Interest rate 10 years 0%
Interest rate 15 years 0%
Comparison rate 1 year -
Comparison rate 2 years -
Comparison rate 3 years -
Comparison rate 4 years -
Comparison rate 5 years -
Comparison rate 7 years -
Comparison rate 10 years -
Comparison rate 15 years -
Comparison rate 7.60%
Minimum loan term -
Maximum loan term 30 years
Min loan amount $50,000
Max loan amount -
Early repayments Yes
Redraw facility Yes
Repayment holiday No
Ability to split loan Yes
Extra repayments Yes
Offset account available No
Interest only payments Yes
The ugly stuff: fees
Application fee $500
Valuation fee -
Subsequent valuation fee -
Valuation fee details -
Discharge fee -
Discharge fee details -
Legal fee -
Settlement fee -
Redraw fee $50
* Important note: All information provided by advertiser or taken from advertiser website and correct at time of publishing. If this information is incorrect, please contact us.
Pros
- Early repayments
- Repayment holiday
- Can split your loan
Cons
- Fees charged on early repayments
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