product logo

Simplicity PLUS Home Loan (Interest Only) (New Customer)

For any query, Call: 1300 001 153
SpecialConveyancing fee rebate up to $1,000 for first home buyers. State or Territory government first home buyer concession recipients only with owner-occupier home loans over $250k. Apply by 31 Dec 2018.
Compare

Customise your mortgage repayments by entering your details:

I want to borrow

Loan Term

years

Repayment Frequency

Pros and Cons

Pros:
  • No ongoing fees
  • Parents can sign as guarantor
  • Extra repayments + redraw services
  • Free redraw facility
Cons:
  • Discharge fee at end of loan
  • Repayments may increase if RBA raises rates

Fees and Features

Maximum LVR
Maximum LVR
80%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$50k - $100m
Total repayments
Total repayments
$627,120
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Unlimited extra repayments
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForOwner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsMonthly
Estimated upfront fees
Estimated upfront fees
$310.00
Application fee
Application fee
$0
Settlement fee
Settlement fee
$160
Valuation fee
Valuation fee
$150
Legal fee
Legal fee
$0
Ongoing fee
Ongoing fee
$0
Discharge fee
Discharge fee
$160
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount
Maximum LVR
Maximum LVR
80%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$50k - $100m
Total repayments
Total repayments
$627,120
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Unlimited extra repayments
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForOwner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsMonthly
Estimated upfront fees
Estimated upfront fees
$310.00
Application fee
Application fee
$0
Settlement fee
Settlement fee
$160
Valuation fee
Valuation fee
$150
Legal fee
Legal fee
$0
Ongoing fee
Ongoing fee
$0
Discharge fee
Discharge fee
$160
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount

Compare and review home loans with similar features

Loan Profile
Advertised rate
Advertised rate
4.39%
Variable
Advertised rate
5.05%
Variable
Advertised rate
5.56%
Variable
Advertised rate
4.24%
Variable
Comparison rate*
Comparison rate*
4.38%
Comparison rate*
5.40%
Comparison rate*
5.73%
Comparison rate*
4.25%
Monthly repayment
Monthly repayment
$1,751
Monthly repayment
$1,890
Monthly repayment
$2,000
Monthly repayment
$1,720
Total repayments
Total repayments
$630,360
Total repayments
$680,400
Total repayments
$720,000
Total repayments
$619,200
Minimum deposit %
Minimum deposit %
20%
Minimum deposit %
15%
Minimum deposit %
15%
Minimum deposit %
30%
Loan term
Loan term
1 - 30 years
Loan term
1 - 30 years
Loan term
1 - 30 years
Loan term
30 years
Investors loans
Investors loans
Investors loans
Investors loans
Investors loans
Line of credit
Line of credit
Line of credit
Line of credit
Line of credit
Loan Fees
Estimated upfront fees
Estimated upfront fees
$150.00
Estimated upfront fees
$150.00
Estimated upfront fees
$750.00
Estimated upfront fees
$363.00
Legal fee
Legal fee
$0
Legal fee
$0
Legal fee
$0
Legal fee
$363
Settlement fee
Settlement fee
$150
Settlement fee
$150
Settlement fee
$150
Settlement fee
$0
Discharge fee
Discharge fee
$320
Discharge fee
$250
Discharge fee
$250
Discharge fee
$400
Application fee
Application fee
$0
Application fee
$0
Application fee
$600
Application fee
$0
Ongoing fee
Ongoing fee
$10 monthly
Ongoing fee
$0 annually
Ongoing fee
$10 monthly
Ongoing fee
$0
Repayments Redraws
Offset account
Offset account
100% offset account
Offset account
100% offset account
Offset account
Offset account
Redraw facility
Redraw facility
Redraw fee: $0
Redraw facility
Redraw fee: $0
Redraw facility
Redraw facility
Redraw fee: $0
Weekly repayments
Weekly repayments
Weekly repayments
Weekly repayments
Weekly repayments
Fortnightly repayments
Fortnightly repayments
Fortnightly repayments
Fortnightly repayments
Fortnightly repayments
Enquire NowView NowView NowEnquire Now

The RateCity team is here to help

Questions? We’re only a call away.

Call us now
1300 001 153
Office hours: Monday – Friday | 9am – 6pm

ANZ was founded in Melbourne in the 1830s, and today makes up one of Australia’s big four banks, alongside Commonwealth Bank, NAB and Westpac.

ANZ offers an extensive range of home loan options, including first home buyer loans, investment mortgages, reverse mortgages and low-doc home loans. ANZ employs approximately 46,000 staff who provide consumer and corporate banking services to customers throughout Australia and worldwide. The bank has over 550,000 shareholders with the majority being domestic shareholders.

Compare your product with the big 4 banks, or add more products to compare
As seen on