ANZ Residential Land Loan

ANZ
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Headline interest rate
7.41%
Max LVR
90.00%
Annual fee
$0

Moneybuddy says

The ANZ Residential Loan has a low variable interest rate with features allowing you to pay off your mortgage sooner. Enjoy no monthly fees with this loan and use the 100% offset to help you save interest charges and decrease the loan term. Link to an ANZ transaction account and avoid withdrawal and service fees. You must build your home in the first 3 years to qualify for this loan.

The Basics

Interest type -

Headline interest rate 7.41%

Max LVR 90.00%

Annual fee $0

The cool stuff: features

Draw down loan progressively -

Insurance details -

Loan is Transferable Yes

Line of credit available No

Product suits Owner - Occupier

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 8.11%

Minimum loan term -

Maximum loan term -

Min loan amount $20,000

Max loan amount -

Early repayments Yes

Redraw facility Yes

Repayment holiday No

Ability to split loan Yes

Extra repayments Yes

Offset account available Yes

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 $25

* 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

  • 100% Mortgage offset
  • Zero monthly fees
  • Discounts for eligible loans

Cons

  • Redraw fees ($2000 minimum)

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