ANZ New Zealand

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Rates, Fees and Charges

ANZ Home and Residential Investment Loans Fees and Charges

The following information is current as at 31 March 2008 and subject to change.

Fee Type Fees/Charges
Loan approval fees
Home loan amount Fees
Nil to $99,999.99 $400.00
$100,000.00 to $249,999.99 250.00
$250,000.00 Plus Nil
Fee for more than three loan splits in an ANZ Split Home Loan Applies to both new loans and restructure of existing loans. Loan approval fees cover up to three loan splits. Any additional splits are charged at $100 per split.
Top ups $200.00 Approval Fee applies to top ups. ANZ’s current policy is to waive this fee if:
  • You have been an ANZ home or residential investment loan customer for three years or more,
    OR
  • Your ANZ home and residential investment loans total $250,000.00 or more.
Low equity premium (LEP)
"ANZ charge this fee to recover the expected cost of assuming the increased risk associated with lending above 80% of a property's value and the costs incurred as a result of such lending." 		For loans over 80% of the property value, a low equity premium may apply (fee range 0.20% – 1.25% of the loan amount).

See the latest Low Equity Premium rates
Low documentation fee For low documentation loans, where verification of income has not been requested, a low documentation fee on a graduated scale will apply. ANZ charges this fee to recover the expected cost of assuming the increased risk associated with lending where income has not been verified and the costs incurred as a result of such lending

LVR Band Lending:
$0-300,000		 Lending:
$300,001-500,000		 Lending:
$500,000-1,000,000
Up to 70% 0.20% 0.30% 0.40%
Over 70% 0.30% 0.40% 0.60%
Lock Rate Non-Utilisation Recovery Cost ANZ may charge a non-utilisation recovery cost if the terms of your Lock Rate Agreement are not met. The non-utilisation recovery cost is based on the economic cost to ANZ of breaking the terms of your Lock Rate Agreement as set out in your Lock Rate Agreement.
ANZ FlexiPlus Home Loan management fee $12.50 per month (covers account administration, automatic payment service fees and transaction fees. All other service fees apply).
ANZ Flexidraw (redraw) fee $5.00 per redraw
Minimum Redraw $1,000.00
Not Available on ANZ Fixed Rate.
Portability $250.00 covers changes to security held by ANZ like:
  • transfer of security
  • changes to mortgagors.
Name change or loan ownership changes $100.00 – covers any of the following scenarios:
  • Transfers of loans from personal name to Family Trust/Company.
  • Transfers from joint to single loan ownership.
  • Single loan owner adding a second person to the loan.
Early repayment costs for ANZ Fixed Rate Home Loans

ANZ may charge early repayment costs if you choose to repay or restructure your ANZ Fixed Rate Home Loan during your fixed rate term as follows:

Early repayment cost

An early repayment cost based on the economic cost to ANZ of repaying or restructuring (in full or part) your ANZ Fixed Rate Home Loan as set out in your ANZ loan terms and conditions booklet.

ANZ’s current policy is to waive the early repayment cost for any repayments within the following "tolerance amount":

  • For each year of the fixed rate term, you can make extra repayments in addition to your regular fixed payments of up to 5% of the loan balance (the balance at the start of the fixed rate term) to a maximum of $10,000.00 without incurring an Early Repayment Cost.

Early repayment administration fee

An early repayment administration fee of $300 may also be charged if you fully repay your loan or switch to a new fixed rate period or another type of loan, before the end of a fixed rate period.
Missed loan repayment fee A missed loan repayment fee of $10.00 may be charged (to your funding account) if there are insufficient funds in your funding account to meet a loan repayment on the agreed date.
Security fees
 
Security discharge fee $100.00
Security handling fee $40.00
Kerb side valuation fee $30.00

References to "Home Loan" relate to both home loans and residential investment loans with ANZ.
ANZ lending criteria apply.