The ANZ Simplicity PLUS Basic Home Loan offers a variable interest rate no annual fees.
Whether you’re buying your first home or simply looking to refinance an existing home loan, the ANZ Simplicity PLUS Basic Home Loan may be an option to consider. This basic home loan has a variable interest rate with flexible options like redraw and interest-only repayments to help you keep up with your changing needs.
You can withdraw additional payments through the redraw facility at no cost.
There is a valuation fee of $150.
A settlement fee of $160 charged when setting up this loan.
A discharge fee of $160 applies when you pay off your loan in full.
Features of an 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 repayments option. This allows the borrower to pay only the interest portion of their home loan for up to 5 years. This feature is popular with property investors.
Repayment options. 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 currently no minimum redraw amount for eligible home loans and residential investment loans.
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. You have up to 12 months to build your home.
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). If you wish to borrow more you can borrow up to 90% if you're a new customer, or 95% if you're an eligible existing ANZ customer.
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.
Valuation fee: $150
Settlement fee: $160
Exit fee: $160
How to apply for the ANZ Simplicity PLUS Home Loan
If you're interested in this loan you can head to ANZ's homepage where you can complete an online enquiry form. You will need to provide ANZ with a few details about your situation, including:
How much you want to borrow
The amount you have saved for a deposit
Whether you are co-borrowing
From there, an ANZ home loan expert will be in touch with you to guide you through the process and ensure this loan will suit your needs. If you have any questions about this loan, please click 'ask a question'.
The Resi Essentials Plus Variable Rate Home Loan is designed for home buyers and investors, as well as those looking to refinance. Combining flexible repayment options with a competitive variable interest rate, this loan also features no establishment fee. A redraw facility is also available for no extra charge and a large maximum loan amount is available in return for an annual fee.
A home loan line of credit can offer a home buyer a range of possibilities by tapping into equity. The Homeloans Ultra Plus Line of Credit gives you flexibility in how and when you use the money and in the way you make your repayments.
The Resi Flexi Options Home Loan may be worth considering if you want to make your own choices in repayments and get the added benefit of a 100% offset account. With its competitive rates and fixed interest options you have the chance to save money while getting adjusted to the new expense.
This page was last modified on 29 June 2017 at 3:19pm.
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