ANZ Variable Rate Residential Investment Loan
ANZ Variable Rate Residential Investment Loan for property investors.
The Variable Rate Residential Investment Loan is suited to investors that seek a fully featured variable rate loan. This loan benefits customers that want to make extra repayments over the term of their loan and/or are looking for an interest rate that will move with the market and also offer value additional features such as redraw and 100% mortgage offset.
Purpose
Fund purchase of residential investment property such as a house, holiday house, unit, apartment or town house to let.
Repayments
Your repayments can be automatically debited to your ANZ Access or ANZ Personal Cheque account, or from an account held at another bank. You can choose weekly, fortnightly or monthly repayments as well as making lump sum reductions. This will shorten the loan term, and could save you thousands. Whatever suits your needs, ANZ is there for you! Plus you can make interest only repayments for up to 10 years.
Redraw
If you make additional repayments to your ANZ Variable Rate Residential Investment Loan you can now redraw these funds for whatever you need. You may be considering renovations, purchasing a new car or even wishing to go on that dream holiday. With redraw on your loan, you have access to your advance payments without having to go through another loan application process. To be eligible for redraw ensure you register at your loan application interview.
ANZ Mortgage Offset accounts
Instead of making extra repayments direct to your ANZ Variable Rate Residential Investment Loan, consider making payments to a linked ANZ One account. ANZ One (a fully transactional everyday account) provides 100% mortgage offset on your linked loan, but you retain easy access to your funds at any time. Please refer to the ANZ One Fact Sheet for more information.
Lenders Mortgage Insurance
With Lender Mortgage Insurance we can lend you up to 90% of the purchase price. To find out more please enquire at any ANZ Branch or call 1800 333 123 for more details.
Fee free transaction banking on linked account *
As a Variable Rate Residential Investment Loan customer, you have the option of an ANZ Access Advantage account that is free of monthly service and ANZ transaction fees.
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 adviser.
Money magazine’s Home Loan Lender of the Year 2008, 2007, 2006 and 2005.
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 Variable Rate Residential Investment Loan
Variable interest rate
For the latest Interest Rates, visit our Mortgage Calculator, call 1800 333 123 between 8am-11pm (EST) seven days a week, or visit any ANZ branch.
Term
Up to 30 years
Minimum amount
$20,000
Repayment options
Principal & Interest or Interest Only up to 10 years
Repayment frequency
Weekly, fortnightly or monthly
Additional repayments
Additional repayments can be made at any time
Repayment source
Repayment can be made by Direct Loan Payment (DLP)
Fees
Fees and charges may apply. Refer to ANZ’s Personal Banking General Fees and Charges brochure.
100% Offset
ANZ One
Other
Free $1,000 ANZ Assured facility on either an ANZ Access or ANZ One cheque and savings accounts linked to the loan
If you’re ready to invest in residential property, use our Mortgage Broker contact form. We’ll work with you to prepare exactly the right loan to suit your needs today, and structure it to suit your needs in the future.
#All applicants are subject to ANZ’s normal credit approval criteria. Terms and conditions available on application. Fees and charges payable.
Australia and New Zealand Banking Group Limited ABN 11 005 357 522. This material does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you. ANZ recommends you read the Product Disclosure Statement or terms and conditions
* Salary must be deposited into the transaction account to obtain the fee benefits.
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