ANZ cuts investment mortgage rates



article header

ANZ has dropped the fixed interest rates on selected residential investment home loans, including principal and interest, interest only and interest in advance options.

The lower rates, effective from 28 May 2018, affect ANZ’s Breakfree and non-Breakfree investment loans with two-year fixed rates.

Two-year fixed rates on ANZ principal & interest residential investment loans dropped 0.11 basis points, while the two-year fixed rates for interest only and interest in advance residential investment loans fell by 0.26 basis points.

Loan Old rate Change New rate New comparison rate
ANZ Fixed – Breakfree Residential Investment Loan Principal and Interest (2 years) 4.19% -0.11% 4.08% 5.45%
ANZ Fixed – Non-Breakfree Residential Investment Loan Principal and Interest (2 years) 4.34% -0.11% 4.23% 5.56%
ANZ Fixed – Breakfree Residential Investment Loan Interest Only (2 years) 4.44% -0.26% 4.18% 5.46%
ANZ Fixed – Non-Breakfree Residential Investment Loan Interest Only (2 years) 4.59% -0.26% 4.33% 5.58%
ANZ Fixed – Breakfree Interest in Advance Interest Only (2 years) 4.24% -0.26% 3.98% 5.42%
ANZ Fixed – Non-Breakfree Interest in Advance Interest Only (2 years) 4.39% -0.26% 4.13% 5.55%

What is Interest In Advance?

This option for interest-only residential investment mortgages involves prepaying the next year’s interest as a single lump sum rather than monthly payments. This may allow a borrower to claim additional deductions come tax time – consult a tax professional for more information.

Advertisement

^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

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