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The ANZ Low Doc Loan is tailored to cater to borrowers who have unique employment circumstances and can therefore not produce the normal documents needed to obtain a home loan. This includes self-employed people and small business owners.

This loan will allow borrowers to borrow up to 60 per cent of the property value as long as they have had an ABN registered for at least 12 months. It is available to both owner-occupier and investor borrowers and comes with a range of different features depending on the type of loan the borrower chooses.

Some of the available features include a redraw facility and the ability to make unlimited extra repayments during the life of the loan. You may also be able to take advantage of a split interest rate feature and interest only payment period depending on the loan you choose.

Who is the ANZ Low Doc Loan good for?

The ANZ Low Doc Loan is good for the self-employed and small business owners who may not be able to get approved for a standard home loan. It provides an option to these borrowers, whether they be owner-occupier borrowers or investors, to get a loan and purchase a property. As the loan requires such a large deposit, it may not be ideal for first time home buyers.

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If you think you may have trouble securing a standard home loan because you are self-employed or own your own business, then it may be worth looking into the ANZ Low Doc Loan. As the loan requires a deposit of approximately 40 per cent of the property’s value, it may not be a suitable option for first time home buyers. However, it is available to both owner-occupiers and investors.

Borrowers should beware that their loan may come with sizeable upfront fees, depending on which variation of the Low Doc Loan they choose. The features available will also vary between loans and borrowers should read the product disclosure statement for more information about what exactly they will have access to.

ANZ Low Doc Loan Options

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Fixed Rates from

3.98%

Advertised rate

4.66%

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Variable Rates from

4.55%

Advertised rate

4.59%

Comparison rate
Pros
  • Available to the self-employed and small business owners.
  • Available to both owner-occupier and investment borrowers.
  • All the same features available as the standard version of the loan.
Cons
  • Can only borrow up to 60 per cent of the property value.
  • Must have had a business operating for minimum 12 months.
  • Some fees will be charged to establish the loan.
Eligibility

Must provide proof of a registered business name.

Must provide proof of ABN that has been registered for at least 12 months.

Must provide your Business Activity Statement for the past 12 months and ATO lodgement receipt.

Suitable For
  • Investors
  • Owner-Occupiers
  • Line of Credit Loans
Fees
  • Estimated upfront fees: $0 - $910
  • Discharge fees: $160
  • Ongoing fees: $0 - $5 monthly

The fees that apply will vary depending on the type of loan that you choose. These may include upfront fees, such as a valuation, application and settlement fees. For further information on fees, make sure you read the product disclosure statement of the home loan before you make a commitment.

Features
  • Redraw facility
  • 100% offset account
  • Unlimited extra repayments
  • Weekly repayments
  • Fortnightly repayments
  • Monthly repayments
  • Loan allows split interest rate
About Australian and New Zealand Banking Group

ANZ is one of the largest banks in Australia and offers a variety of home loans to suit most borrowers. The bank has branches situated across Australia and a phone hotline that will assist with enquiries 24/7.

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