Breakfree Standard Variable Package Breakfree Standard Variable Package $250K - $499,999 LVR 80%> (Owner Occupied)
4.50%p.a Standard Variable
Repayments calculated to take into account ongoing monthly and anual fees.
- Monthly repayment*
- rate per annum
Loan to Value Ratio
Borrow up to the maxium of 90% of the value of the property.
Lenders Mortgage Insurance, or LMI, will be payable on most loans where the borrowings are greater than 80% of the value of the property.
However, you may be able to capitalise LMI into your loan, increasing the overall loan amount by about 2% (in order to cover the cost of the insurance). Contact a loan market broker to find out how LVR and LMI might impact the cost of your loan repayments.
- Capitalise LMI
For ["Bridging", "Construction", "Owner Occupied"], in ["NSW", "NT", "QLD", "SA", "WA", "VIC", "TAS", "ACT"].
- 0 - 30 years
The level of financial documentaion and credit history required to apply for the loan.
- Full Doc
- Credit History
- Genuine Saving
Save on interest repayments by holding spare cash in an offset account.
- Offset account
Get quick access to cash by drawing on the loan to pay for renovations or other purchases.
- Redraw Facility
- Min Redraw
- Redraw fee
Given the wide range of loans on offer – with different interest rates, product features and fees – it pays to shop around to find the loan that fits your needs and circumstances. Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan.
Some features you may wish to consider include:
- an offset account;
- ability to make extra repayments;
- a redraw facility; and
- linked credit card and savings accounts;
- ability to split your loan between fixed and variable interest rates
- Offset Account
- Redraw Available
- Credit Card
- Internet Banking
- Telephone Banking
- BPay Option
- Portability of Loan
- Professional Pack
- Check Account
- Direct Salary Credit
- Free Transactions
- Minimum Redraw
- Redraw Fee
You can make your repaments Fortnightly, Monthly, and Weekly.
- Interest Only Option
- Max Interest Only
- 10 years
Upfront fess associated with estabilishing the loan. Other loan set-up fees, such as valuation fees and lender's mortgage insurance, and Government charges, such as registration fees and stamp duty on property transfer, have not been included. These will be determined after application.
Monthly and annual fees and charges during the loan period.
- Ongoing Yearly
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
ANZ BREAKFREE PACKAGE LIMITED TIME SPECIAL OFFER Available Until Further Notice Eligibility Criteria: To qualify for the ANZ Breakfree Package, a customer must have all of the following mandatory ANZ products: - ANZ Mortgage Lending of at least $150,000 or more - An eligible ANZ Credit Card (ANZ Low Rate Platinum, ANZ Platinum, ANZ Rewards Black, ANZ Rewards Platinum, ANZ Frequent Flyer Platinum, ANZ Travel Adventures, or ANZ Frequent Flyer Black) - An ANZ transaction account (ANZ Access Advantage, ANZ One (Offset) or ANZ Equity Manager facility). ANZ Breakfree is not applicable for applications in a Company or Trust name. Fixed Rate Loans: During this Special Offer, new ANZ Fixed Rate Loans that meet the Special Offer eligibility criteria will be entitled to the Standard Variable Rate discounts under this offer if, at the conclusion of the fixed rate period, your loan reverts to the standard variable rate and remains under an ANZ Breakfree Package. The level of Standard Variable Rate discount is determined by the applicants Total Mortgage Lending (including the new application) when the new Fixed Rate loan is applied for. Breakfree Terms and Conditions and the Terms and Conditions of any ANZ loan will apply.
LMI payable above 80% LVR. For eligible existing lending customers that meet specified criteria, the maximum Loan to Value Ratio is 95%, with the option to finance the LMI premium up to a maximum of 97% . At least one of the applicants must be an existing ANZ customer who has held a retail lending product for greater than 6 months with satisfactory credit history. A retail lending product is defined as a home or residential investment loan (including lines of credit), personal loan, credit card or overdraft facility.All applications that are above 90% LVR will require a full valuation.Other standard ANZ credit policies apply. For new mortgage customers, the maximum LVR on new lending remains 90% with the option to finance the LMI premium up to a maximum of 92% .
Under ANZ LMI policy customers are required to contribute a minimum of 5% of the purchase price from their own resources. Genuine savings must be saved or accumulated over a period of 3 months. ANZ removed the requirement for evidence of genuine savings where LVR is less than 85%.
Renegotiation/Valuation Fees will be waived whenever it is required as part of an application. Other fees may be applicable throughout the life of the loan. Details available in the ANZ General Fees and Charges Booklet at www.anz.com.