ANZ

Fixed Rate Investment Loan (Principal and Interest) 10 Years

Advertised Rate

7.69%

Fixed - 10 years

Comparison Rate*

7.09%

Maximum LVR
90%
Real Time Rating™

1.23

/ 5
Monthly Repayment

$2,137

based on $300,000 loan amount for 25 years

Advertised Rate

7.69%

Fixed - 10 years

Comparison Rate*

7.09%

Maximum LVR
90%
Real Time Rating™

1.23

/ 5
Monthly Repayment

$2,137

based on $300,000 loan amount for 25 years

Calculate repayment for ANZ product

I'd like to borrow

$

Loan term

years

Your estimated repayment

$2,137

based on $300,000 loan amount for 25 years

MICHAEL KIANG

5.0
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Pros and Cons

Pros and Cons

    • Limited extra repayments
    • No redraw and no offset
    • Not available for first home buyers
    • Ongoing fee

    ANZ Features and Fees

    ANZ Features and Fees

    Details

    Maximum LVR

    90%

    Total Repayments

    Next LVR

    Interest rate type

    Fixed - 10 years

    Borrowing range

    Suitable for

    Investors

    Loan term range

    1 - 30 years

    Principal & interest

    Interest only

    Applicable states

    ACT, NSW, NT, QLD, SA, TAS, VIC, WA

    Make repayments

    Fortnightly, Monthly, Weekly

    Features

    Extra repayments

    Yes - limited to $5000 per year

    Redraw facility

    Split interest facility

    Loan portable

    Repayment holiday available

    Allow guarantors

    Available for first home buyers

    Fees

    Total estimated upfront fees

    $910

    Application fee

    $600

    Valuation fee

    $150

    Settlement fee

    $160

    Other upfront fee

    $0

    Ongoing fee

    $10 monthly

    Discharge fee

    $160

    Application method

    Online

    Phone

    In branch

    Other Restrictions

    Only 1 year fixed has offset account

    Pros and Cons

      • Limited extra repayments
      • No redraw and no offset
      • Not available for first home buyers
      • Ongoing fee

      ANZ Features and Fees

      Details

      Maximum LVR

      90%

      Total Repayments

      Next LVR

      Interest rate type

      Fixed - 10 years

      Borrowing range

      Suitable for

      Investors

      Loan term range

      1 - 30 years

      Principal & interest

      Interest only

      Applicable states

      ACT, NSW, NT, QLD, SA, TAS, VIC, WA

      Make repayments

      Fortnightly, Monthly, Weekly

      Features

      Extra repayments

      Yes - limited to $5000 per year

      Redraw facility

      Split interest facility

      Loan portable

      Repayment holiday available

      Allow guarantors

      Available for first home buyers

      Fees

      Total estimated upfront fees

      $910

      Application fee

      $600

      Valuation fee

      $150

      Settlement fee

      $160

      Other upfront fee

      $0

      Ongoing fee

      $10 monthly

      Discharge fee

      $160

      Application method

      Online

      Phone

      In branch

      Other Restrictions

      Only 1 year fixed has offset account

      ANZ is available through brokers

      FAQs

      How is the flexibility score calculated?

      Points are awarded for different features. More important features get more points. The points are then added up and indexed into a score from 0 to 5.

      Mortgage Calculator, Loan Amount

      How much you intend to borrow. 

      Mortgage Calculator, Loan Term

      How long you wish to take to pay off your loan. 

      Why should you trust Real Time Ratings?

      Real Time Ratings™ was conceived by a team of data experts who have been analysing trends and behaviour in the home loan market for more than a decade. It was designed purely to meet the evolving needs of home loan customers who wish to merge low cost with flexible features quickly. We believe it fills a glaring gap in the market by frequently re-rating loan products based on the changes lenders make daily.

      Real Time Ratings™ is a new idea and will change over time to match the frequently-evolving demands of the market. Some things won’t change though – it will always rate all relevent products in our database and will not be influenced by advertising.

      If you have any feedback about Real Time Ratings™, please get in touch.

      Mortgage Calculator, Property Value

      An estimate of how much your desired property is worth. 

      What is a specialist lender?

      Specialist lenders, also known as non-conforming lenders, are lenders that offer mortgages to ‘non-vanilla’ borrowers who struggle to get finance at mainstream banks.

      That includes people with bad credit, as well as borrowers who are self-employed, in casual employment or are new to Australia.

      Specialist lenders take a much more flexible approach to assessing mortgage applications than mainstream banks.

      How often is your data updated?

      We work closely with lenders to get updates as quick as possible, with updates made the same day wherever possible.

      What is bridging finance?

      A loan of shorter duration taken to buy a new property before a borrower sells an existing property, usually taken to cover the financial gap that occurs while buying a new property without first selling an older one.

      Usually, these loans have higher interest rates and a shorter repayment duration.

      What is a building in course of erection loan?

      Also known as a construction home loan, a building in course of erection (BICOE) loan loan allows you to draw down funds as a building project advances in order to pay the builders. This option is available on selected variable rate loans.

      Mortgage Calculator, Loan Purpose

      This is what you will use the loan for – i.e. investment. 

      Monthly Repayment

      Your current monthly home loan repayment. To accurately calculate how much you could save, an accurate payment figure is required. If you are not certain, check your bank statement.

      What is a construction loan?

      A construction loan is loan taken out for the purpose of building or substantially renovating a residential property. Under this type of loan, the funds are released in stages when certain milestones in the construction process are reached. Once the building is complete, the loan will revert to a standard principal and interest mortgage.

      How can I get a home loan with no deposit?

      Following the Global Financial Crisis, no-deposit loans, as they once used to be known, have largely been removed from the market. Now, if you wish to enter the market with no deposit, you will require a property of your own to secure a loan against or the assistance of a guarantor.

      What is a valuation and valuation fee?

      A valuation is an assessment of what your home is worth, calculated by a professional valuer. A valuation report is typically required whenever a property is bought, sold or refinanced. The valuation fee is paid to cover the cost of preparing a valuation report.

      What is appreciation or depreciation of property?

      The increase or decrease in the value of a property due to factors including inflation, demand and political stability.

      How will Real Time Ratings help me find a new home loan?

      The home loan market is complex. With almost 4,000 different loans on offer, it’s becoming increasingly difficult to work out which loans work for you.

      That’s where Real Time RatingsTM can help. Our system automatically filters out loans that don’t fit your requirements and ranks the remaining loans based on your individual loan requirements and preferences.

      Best of all, the ratings are calculated in real time so you know you’re getting the most current information.

      What happens to your mortgage when you die?

      There is no hard and fast answer to what will happen to your mortgage when you die as it is largely dependent on what you have set out in your mortgage agreement, your will (if you have one), other assets you may have and if you have insurance. If you have co-signed the mortgage with another person that person will become responsible for the remaining debt when you die.

      If the mortgage is in your name only the house will be sold by the bank to cover the remaining debt and your nominated air will receive the remaining sum if there is a difference. If there is a turn in the market and the sale of your house won’t cover the remaining debt the case may go to court and the difference may have to be covered by the sale of other assets.  

      If you have a life insurance policy your family may be able to use some of the lump sum payment from this to pay down the remaining mortgage debt. Alternatively, your lender may provide some form of mortgage protection that could assist your family in making repayments following your passing.

      Why is it important to get the most up-to-date information?

      The mortgage market changes constantly. Every week, new products get launched and existing products get tweaked. Yet many ratings and awards systems rank products annually or biannually.

      We update our product data as soon as possible when lenders make changes, so if a bank hikes its interest rates or changes its product, the system will quickly re-evaluate it.

      Nobody wants to read a weather forecast that is six months old, and the same is true for home loan comparisons.

      Mortgage Calculator, Interest Rate

      The percentage of the loan amount you will be charged by your lender to borrow. 

      Savings over

      Select a number of years to see how much money you can save with different home loans over time.

      e.g. To see how much you could save in two years by switching mortgages,  set the slider to 2.