ANZ Residential Land Loan
5.81%
90%
$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 5.81%
Max LVR 90%
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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