ANZ Simplicity PLUS Home Loan
The ANZ Simplicity PLUS Home Loan offers a low variable interest rate, flexible repayments and no annual fees.
The ANZ Simplicity PLUS Home Loan keeps things simple, with competitive rates, flexible features and minimal fees, plus the option to make interest-only repayments.
About this loan
What are the features and benefits of the ANZ Simplicity PLUS Home Loan?
- Extra Repayments. The ANZ Simplicity PLUS Home Loan offers fee-free extra repayments on your home loan, which can save you interest charges and reduce the length of your loan.
- Interest-only options. This allows the borrower to pay only the interest portion of their home loan for up to 5 years.
- Repayment flexibility. ANZ offers home loan customers the choice of weekly, monthly or fortnightly repayments on their home loan.
- Redraw. This fee-free redraw facility allows borrowers to access any of the extra funds they've deposited into their home loan. There is a no minimum redraw amount.
- Construction. You can build a new home or carry out major structural renovations, and use the drawdown feature of the home loan to make payments to your builder.
- Maximum LVR. The ANZ Simplicity PLUS Home Loan has a maximum loan to value ratio of 80% if you wish to avoid attracting lenders mortgage insurance (LMI). You can borrow up to 90% but this may mean LMI costs and a higher interest rate.
What fees and charges come with this loan?
The ANZ Simplicity PLUS home loan has very few fees, and some are waived as part of a special offer:
- Renegotiation fee: This fee is charged if you're renegotiating or converting an existing ANZ home or residential investment loan. The fee is $200-$350, but is currently being waived on request.
- Application fee: Usually $600. The application fee for this loan is now $0 for a limited time on request.
How to apply
If you're interested in this loan you can press the green button and leave your details. To help you in the application process you should work out:
- How much you want to borrow
- The amount you have saved for a deposit
- Whether you are co-borrowing
It's also worth checking your credit score before speaking to a mortgage specialist. You can get a free credit report here.