Breakfree Standard Variable Residential Land Loan Breakfree Standard Variable Residential Land Loan $250K - $499,999 LVR 80%> (Owner Occupied)

  • 4.50%
    p.a Standard Variable
  • 4.66%
    p.a Comparison**
  • $0
    Upfront fees
  • $395
    Annual fees
  • 90%
    Max Lvr
  • $1,978
    Per Month*

About ANZ

The Australia and New Zealand Banking Group Limited, more commonly known as ANZ, is the third largest bank by market capitalisation in Australia, after the CBA and Westpac. Australian operations make up the largest part of ANZ's business, with commercial and retail banking dominating. ANZ dates back over 175 years whose commitment to building lasting partnerships with their customers, shareholders and communities in 33 countries in Australia, New Zealand, Asia, the Pacific, the Middle East, Europe and America is evident. ANZ continue to provide an excellent range of banking, financial products and services to over 9 million customers and employ over 50,000 people worldwide.

Standard Variable

Repayments calculated to take into account ongoing monthly and anual fees.

Monthly repayment*
$1,978
rate per annum
4.50%

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.

Lvr
90%
Capitalise LMI
Yes

Availability

For ["Bridging", "Owner Occupied", "Vacant Land"], in ["NSW", "NT", "QLD", "SA", "WA", "VIC", "TAS", "ACT"].

Term
0 - 30 years
Min
$250,000
Max
$499,999

Eligibility

The level of financial documentaion and credit history required to apply for the loan.

Financials
Full Doc
Credit History
Conforming
Genuine Saving
Required

Redraw Facility

Get quick access to cash by drawing on the loan to pay for renovations or other purchases.

Redraw Facility
Yes
Min Redraw
$2000.0
Redraw fee
$0

Banking Features

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
Yes
Redraw Available
Yes
Credit Card
Yes
Internet Banking
Yes
Telephone Banking
Yes
BPay Option
No
Portability of Loan
Yes
Professional Pack
Yes
Check Account
No
Direct Salary Credit
Yes
Free Transactions
Yes
Minimum Redraw
Yes
Redraw Fee
No

Repayments

You can make your repaments Fortnightly, Monthly, and Weekly.

Interest Only Option
Yes
Max Interest Only
3 years

Upfront Fees

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.

Total
$0

Ongoing Fees

Monthly and annual fees and charges during the loan period.

Total
$395
Ongoing Yearly
$395

Exit Fees

Fees associated with prematurely ending the loan.

Total
$0
Exit
$0
Early Repayment
$0
Switch To Fixed
$0

Notes

ANZ BREAKFREE PACKAGE LIMITED TIME SPECIAL OFFER – Available Until Further Notice Eligibility Criteria: During this Special Offer, Standard Variable Rate discounts under this offer only apply where existing ANZ home loan customers: - apply for additional home or residential investment lending of $100,000 or more, and - have Total Mortgage Lending of 250,000 or more under an ANZ Breakfree Package, or where new customers apply for: - new home or residential investment lending of $250,000 or more under the ANZ Breakfree Package. 1. Standard Variable Rate discounts: Discounts on SVR Home and Investment Loans and Equity Manager: Total Mortgage Lending $250K - $499K: 0.80% pa (LVR up to 80%) and 0.75% (LVR more than 80%). Total Mortgage Lending $500K + : 0.90% pa (LVR up to 80%) and 0.85% (LVR more than 80%). The Special Offer discount will apply only to the new or additional loans linked to the Breakfree Package during this Special Offer. 2. 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 applicant’s Total Mortgage Lending (including the new application) when the new Fixed Rate loan is applied for. Refer above for the discount levels. If you are not eligible for this special offer, standard Breakfree Package discounts are available. For further details, please call ANZ home loan experts on 1800 441 394, visit any branch. Breakfree Terms & Conditions and the Terms & Conditions of any ANZ loan will apply. OTHER PRODUCT INFORMATION: ANZ Breakfree is a package for home owners and property investors, which helps clients build a banking solution based on their needs. Clients start with three specific products and have the flexibility to add new products. Below are the products clients will need to have with ANZ to qualify: - ANZ Home or Investment Loan (at least one eligible loan product with a total loan balance or credit limit of at least $150,000. Total Mortgage Lending calculation includes all home loan lending, including home loan lending not linked to the package i.e., Simplicity Plus) - ANZ transaction account (ANZ Access Advantage, an everyday transaction account, or ANZ One, a 100% home loan offset account, or ANZ Equity Manager, a flexible line of credit) Unlimited everyday ANZ transactions on ANZ Access Advantage and ANZ One. (Fees may apply including non-ANZ ATM operator fees, overseas ATM fees and overseas transaction fees. Please refer to the ANZ Personal Banking Account Fees and Charges booklet for fees and charges that apply and definition of everyday ANZ transactions.) The offset account under an ANZ Breakfree Package is an ANZ One account which can only be linked to ANZ Standard Variable Rate or ANZ 1 Year Fixed Rate Home or Residential Investment Loan (excludes Interest In Advance Fixed Rate Loans). The monthly account service fee is waived on one ANZ One offset account while the linked offset account and loan account are held under an ANZ Breakfree Package. Other fees and charges may apply to an ANZ One account. - ANZ Credit Card (eligible cards only). The Annual Account Fee waiver applies to one Mandatory Eligible Credit Card Account. Any Rewards Program Services Fees are not waived as part of the ANZ Breakfree package. Other Credit Card Fees and Charges will be charged by ANZ for services which you request/use in relation to your Mandatory Eligible Credit Card Account from time to time. For more information please refer to the ANZ Personal Banking Account Fees and Charges. Low Doc 60 Option available for ANZ products. Please check specific fees and charges with ANZ BDM as they may vary, prior to loan application.

LVR Notes

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% .

Notes

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%.

Fee Notes

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.

*Monthly Repayments

Monthly repayments are calculated to take into account the loan amount, repayment term and ongoing fees and charges over the life of the loan.

  • Variable rate loans show the monthly repayments at the current rate.
  • Fixed rate loans show the monthly repayment during the fixed period only.
  • Monthly repayment calculations are an approximate guide only. Speak to a LoanMarket Mortgage broker to understand the exact cost of a loan given your particular circumstances.

**Comparison Rates

A comparison rate is a tool to help consumers identify the true cost of a loan. It factors in the interest rate, loan amount, repayment term and ongoing fees and charges and displays this as a single percentage rate that can be used to compare various loans from different lenders.

Monthly Repayment and Comparison Rate* calculations do not include:

  • The use of account features such as early repayments and offset accounts which vary widely among loans and can reduce the cost of a loan significantly.
  • Cost savings such as fee waivers or special rate discounts.
  • Fees and charges associated with loan options or events that may or may not be used by the borrower, such as early repayment or redraw fees
  • Lenders Mortgage Insurance (LMI) which may be required to secure the loan and can increase the cost of the loan.
  • Government charges such as stamp duty or mortgage registration fees.
  • Fees and charges which aren’t available at the time the comparison rate is provided