ANZ Fixed Rate Residential Investment Loan for property investors
ANZ Fixed Rate Residential Investment Loan for property investors
This loan provides you with repayment security as the rate is fixed and the repayments are locked in for the fixed rate period. ANZ Fixed Rate Residential Investment Loan has a range of terms of 1 to 5, 7 or 10 years. It offers flexible repayment options, which you can choose at the outset of the loan.
You can even make additional repayments up to a set tolerance* each year of the fixed interest rate period, without triggering an early repayment cost calculation. The amount of the tolerance can vary according to the tolerance of your loan and the date that your current fixed rate period commenced.
Plus ANZ also offers the ability to link your loan to a 100% offset account on the ANZ One Year Fixed Rate Residential Investment Loan. This means you can deposit funds in your ANZ Offset Account and reduce your interest cost in a tax effective way. You are also able to access the extra repayments made to your 100% mortgage offset account when you need them.
Once the fixed rate period is finalised the loan automatically converts to the ANZ Variable Residential Investment Loan rate applicable at the time.
If you are looking to pay interest up-front on your loan and receive a lower rate, we also offer the ANZ Interest-in-Advance Residential Investment Loan. For more details, please see the Fact Sheet titled ANZ Interest-in-Advance Residential Investment Loan or ask MortgageCorp
Repayments
Your repayments can be automatically debited from your ANZ Access or ANZ Personal Cheque account, or from an account held at another bank. You can choose weekly, fortnightly or monthly repayments.
In additional to the standard principal and interest repayments, you can have interest only payments for up to ten years.
Lock Rate Option
With an ANZ Fixed Rate Residential Investment Loan the interest rate that will apply is the rate for the term you select as at the day you settle your loan. However, if you would like to ‘lock in’ the interest rate current at the time you apply you can do this with ANZ Lock Rate. By paying a Lock Rate fee, the rate is ‘locked in’ for up to ninety days, protecting you from the potential risk of interest rates increasing before you drawdown your loan. Lock Rate gives the extra security of knowing exactly what your repayments will be for a set period.
Negative gearing
For advice about how negative gearing could work for you, and to ensure that any requests by you to the Australian Taxation Office (ATO) are accurate, we recommend you consult your Accountant or Financial Advisor.
Lenders Mortgage Insurance
With Lender Mortgage Insurance we can lend you up to 90% of the purchase price. To find out more please contact MortgageCorp
ANZ Rapid Refinance. Why wait?
Has an ANZ loan caught your eye? ANZ Rapid Refinance# allows you to quickly switch your current loan to ANZ in only a matter of weeks. So, you will benefit from your refinance plans far quicker than usual.
ANZ Fixed Rate Residential Investment Loan
Interest Rate
For the latest Interest Rates, visit the MortgageCorp Mortgage Calculator
Lock Rate
Yes, Lock Rate is available on the 1-5 Year Fixed Rate Residential Investment Loans, maximum loan amount $1,000,000.
Lock Rate fee applies.
Term
Terms from 1 to 5, 7 & 10 year fixed period. Total loan term up to 30 years.
Minimum amount
$20,000.
Repayment frequency
Repayment options: Weekly, fortnightly or monthly.
Principal & interest for 1-5, 7 and 10 years
Interest only up to 10 years. The Interest Only period must equal the fixed interest rate period.
Additional Repayments
Additional repayments can be made up to a set amount known as a tolerance*.
Repayment source
Repayments can be made by Periodical Payment (PP) or Deposit Book
Other
Free $1,000 ANZ Assured facility on an ANZ One cheque or savings account linked to the ANZ One Year Fixed Rate Residential Investment Loan
If you’re ready to invest in residential property, talk to your MortgageCorp representative today. We’ll work with you to prepare exactly the right loan to suit your need today, and structure it to suit your needs in the future. Like more information?
Further information
This Fact Sheet contains general information about the ANZ Fixed Rate Residential Investment Loan. It does not form part of the terms and conditions.
#All applications are subject to ANZ’s normal credit approval criteria. Terms and conditions available on application. Fees and charges are payable.
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