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Home loan rates, fees and agreements

Interest rates

The following information is current from  and is subject to change. You should seek confirmation of interest rates from ANZ before you take out any home loan.

ANZ lending criteria, terms, conditions and fees apply. Interest rates are subject to change.

Interest rates
Fixed term Special interest rate* Standard interest rate
6 months        
1 year    
18 months    
2 years    
3 years    
4 years    
5 years    

 

The above rates may be in the process of changing and thus may vary for existing customers.

If you do not pay amounts when they are due, we can charge you interest on those amounts at the default interest rate, which is your interest rate + 5.00% p.a.

* Special interest rate conditions
Minimum 20% equity, ANZ transaction account with salary direct credited. Not available with package discounts. Otherwise, standard rate applies.

Interest rates are subject to change. Lending criteria, terms, conditions, and fees apply.

Interest rates
Type Term Interest rate
Floating rate N/A    

 

This rate does not apply to older home loan products that ANZ no longer offers, including ANZ Select or ANZ Select Plus. If your rate isn't listed above, please contact ANZ for more information.

If you do not pay amounts when they are due, we can charge you interest on those amounts at the default interest rate, which is your interest rate + 5.00% p.a.

Interest rates
Type Term Interest rate
Flexible rate N/A     

 

Rate may differ for existing ANZ customers. Please contact any branch of ANZ for further information.

If you do not pay amounts when they are due, we can charge you interest on those amounts at the default interest rate, which is your interest rate + 5.00% p.a.

If you go over your credit limit, we can charge you interest on those amounts at the excess interest rate, which is the ANZ Flexible Home Loan interest rate plus 15.00% p.a. We can charge this interest rate on any amount over your credit limit for this facility. A low equity premium may apply.

Interest rates
Type Term Interest rate
Tideover rate Fixed for up to
6 months
   

 

If you do not pay amounts when they are due, we can charge you interest on those amounts at the default interest rate, which is your interest rate + 5.00% p.a..

Interest rates
Type Term Interest rate
Interest-Free Home Loan Top Up  Fixed for up to 4 years 0% p.a.

 

 

This offer is available for a limited time only. An interest-free top up loan of up to $5,000 for insulation and up to $5,000 for heat pumps per security held with us.  Limited to two securities.  Loans must be fully repaid within four years and ANZ will not extend the loan unless there is unforeseen hardship. ANZ will only draw down the loan when you provide a quote and a confirmed installation date from a reputable installer. While ANZ wants you to be warm and cosy, we do not accept responsibility for the quality of the insulation/heat pumps or installation, so please take care selecting your insulation/heat pumps and installer.  ANZ's lending criteria, terms, conditions, and fees apply.

Extra or early repayment

Floating rate
ANZ Home Loan with a floating rate  Requested in Minimum extra or early repayment amount
  Internet Banking or goMoney app $100*
  Staff assisted
(including Contact Centre and Branch)

$100
or the remaining loan balance, if lower

 

 


You may also have to pay us an Early Repayment Recovery if you’re repaying some or all of your loan early during a fixed-rate period.

ANZ Home Loan with a fixed rate during a fixed-rate period Requested in Minimum extra or early repayment amount
  Internet Banking or goMoney app $1,000*
  Staff assisted
(including Contact Centre and Branch)

$1000
or the remaining loan balance, if lower

*You can repay your loan in full at any time. Please call us on 0800 269 4663 or visit any branch to arrange full repayment.

Fees

The following information is current as at 1 October 2018 and subject to change.
 

  • Owner-occupied - Up to $500
  • All other lending - Up to 1% of the loan amount
  • Tideover application/extension fee - $500
  • Loan top-up fee - $250

A low equity premium may apply where a loan amounts to over 80% of the property's value. We'll need a registered valuer's report for lending over 80% of the property's value.

  • 80.01 - 85.00% loan to value ratio - 0.25% of loan amount
  • 85.01 - 90.00% loan to value ratio - 0.75% of loan amount
  • Over 90.01% loan to value ratio - 2.00% of loan amount
  • Monthly account fee - $12.50
  • Unarranged overdraft fee* - $5

*Applies if we choose to let you make payments or withdrawals or we pay any cheques or take any fees or charges, when you don’t have enough money in your account. We’re lending you money you don’t have and you must repay that money as soon as possible or when we ask. We charge the fee each month if you exceed your approved credit limit, or your account becomes overdrawn, by more than $10, for more than one day. This is charged in addition to excess interest. You will be charged excess interest on the amount you have exceeded your credit limit by. The excess interest rate is the ANZ Flexible Home Loan interest rate plus 15.00% p.a. We can charge this interest rate on any amount over your credit limit for this facility.

Early repayment recovery for ANZ Fixed Rate Home Loans - Variable depending on loss at time of repayment.

ANZ may charge an Early Repayment Recovery if you choose to repay or restructure your ANZ Fixed Rate Home Loan during your fixed rate period.

The amount we charge reflects our loss when you repay or restructure your fixed rate loan.

An Early Repayment Recovery based on the economic loss to ANZ of repaying or restructuring (in full or part) your ANZ Fixed Rate Home Loan as set out in your ANZ loan agreement.

If you’re repaying some or all of your loan early during a fixed-rate period, you may have to pay us an Early Repayment Recovery.

You may also need to pay an Early Repayment Recovery if you break your loan agreement and we ask you to repay all of your loan early during a fixed-rate period.

You may also need to pay us an Early Repayment Recovery if your loan has a fixed interest rate and either of the following apply:

  • you’ve asked us to give you a different loan type or interest rate type, including another fixed interest rate
  • you’ve asked us to change the repayment date or type, frequency, or amount of your scheduled loan repayments.

We give you a fixed interest rate on the basis you won’t make any changes to your loan during the fixed-rate period. If you ask us to make these changes to your loan during a fixed-rate period and we agree, we’ll give you a new loan with the changes you’ve asked for.

We won’t charge you an Early Repayment Recovery if you make an extra repayment on your ANZ Home Loan and both of the following apply:

  • you’re making your first extra repayment in that year
  • the extra repayment you’re making is no more than 5% of the loan amount you owe on your loan then.

The year runs from the date your fixed-rate period started or the anniversary of the date your fixed-rate period started. If you haven’t made other extra repayments in the year, we’ll charge you an Early Repayment Recovery only on any amounts you repay above 5% of the loan amount you owe on your loan then.

We use mathematical formulas when we calculate the Early Repayment Recovery.

We’ve set out below a short explanation of the mathematical formulas we use when we calculate the Early Repayment Recovery.

We compare two amounts:

  • The first amount: We calculate the sum of all the scheduled loan repayments and interest charges that would have been made over the remaining part of the fixed-rate period. We calculate the interest charges using the wholesale swap interest rate which applied for the term of the fixed-rate period when the fixed-rate period started.
  • The second amount: We calculate the sum of all the scheduled loan repayments and interest charges due over the remaining part of the fixed-rate period after you have made your early repayment. We calculate the interest charges using the wholesale swap interest rate which applied for the term of the fixed-rate period when the fixed-rate period started. We then add this amount to the overpayment amount that you’re repaying early.

We adjust the first amount to recognise that we receive the money now, instead of receiving it as income over the loan term. When we adjust the first amount, we use the wholesale swap interest rates applying to the remaining part of the fixed-rate period on your loan when it is repaid early, as calculated by us. We also take into account the amount you would have owed on your loan at the end of the fixed-rate period.

Sometimes, there may not be an exact match between the term of your fixed-rate period, or remaining fixed-rate period, and publicly available wholesale swap interest rates. If this happens, we’ll calculate the exact wholesale swap interest rates that will apply.

Once we’ve adjusted these amounts, we’ll charge you the difference between the first amount and the second amount as an Early Repayment Recovery. We’ll only charge you an Early Repayment Recovery if the first amount is higher than the second amount.

  • Discharge or Execution fee - $100
    We charge this fee to document and complete any other transaction to do with the security we have for your loan or facility, including a discharge or release of that security. We'll charge the fee when we complete the transaction.
  • Default Notice fee - $175
    We charge this fee if we prepare and send you a default notice for your loan under the Property Law Act 2007. We prepare these notices to require you to repay some or all of the amounts you owe us because you've broken your loan or facility agreement, or another agreement with us. If we've had this notice prepared by a solicitor, you must also meet all of the solicitor's costs in preparing the notice, as well as paying us the Default Notice fee.
  • Duplicate Statement fee - $4
    We charge this fee if you need a replacement copy of a statement we’ve sent you for your loan. We’ll charge this fee when we send you the statement.

ANZ lending criteria, terms, conditions and fees apply to all loans.

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