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ANZ Fixed Rate Home Loan (1 Year)
Posted June 29th, 2010
and last modified January 31st, 2012
What happens when I click Enquire Now?
- Clicking Enquire Now will take you to the lender's website
- After completing the contact form, a mortgage expert will contact you
- The mortgage expert will ensure you find the right loan, calculate your repayments, and explains all the associated fees
- After going through the enquiry process you will be able to know how much you can borrow, begin your application when you are ready to apply and be approved for a home loan
Your home loan is a big investment and you want to be sure you can afford it now, and in the future as rates keep rising. ANZ Bank therefore offers a range of fixed term home loans with the option of being able to fixed interest rate for a period between 1 to five years, seven years or 10 years. The current fixed rates ANZ are offering on their home loans are:
ANZ Fixed loan terms
- Fixed for one year 6.19%
- Fixed at two years 6.34%
- Fixed for three years 6.19%
- Fixed for five years 6.79%
The Features And Benefits Of An ANZ Fixed To Home Loan
If you’re the type of person that would like to have their home loan set up so they know exactly how much each repayment will be then maybe you should look at an ANZ fixed rate home loan, ANZ offers the following features on their fixed-rate home:
- Loan can be split. With a ANZ fixed home loan you have the option to split, this means that if you like both the security of having a fixed rate and flexibility of having a variable home loan you can. This works by splitting the home loan into two parts one part having a fixed interest rate the other a variable rate. The split option means that you get the best of both worlds because if there is an interest rate rise it will only affect part of your home loan. But you still get the benefits if the interest rates go down on the variable portion of your home loan.
- You have the choice of repayments. We payments can be made to that ANZ fixed home loan either weekly fortnightly or monthly so that you able structure repayments in a way that you feel comfortable with.
- Have the ability to make extra repayments. You are able to make extra repayments on the ANZ fixed home loan without incurring any fees as long as you stay below the tolerated yearly amount. This can be a great option if you happen to come across some extra money and would like to reduce your debt.
- Handy redraw facility. At the end Of the ANZ fixed rate and the loan reverts to a variable rate home loan you will have the option of being able to redraw the extra funds that you may have paid on your home loan, but there is a fee for each time you use this feature.
- Can be interest only. The ANZ fixed rate home loan can be used as a interest only loan for up to 10 years meaning that you only pay the interest portion of any of payment. This is a great option to people trying to reduce their payments and free up some extra cash.
- Who can apply for this home loan? This loan can be used by any investor or owner occupier that would like to purchase a property between $20,000 and $10,000,000.
- How much you can borrow. With an ANZ fixed home loan you can borrow up to 80% of the property’s value without mortgage insurance or up to 80% of the property’s value if you take out mortgage insurance.
- Fees and charges. Following are some of the fees and charges on an ANZ fixed rate home loan a once off establishment fee of $600 and an ongoing monthly fee of $10. There are also other fees associated with this loan depending on what options or features you use for example use of the redraw facility.
Your home loan is not only an important investment, but very personal too, everyone’s situation is different and ANZ are able to tailor fixed options to meet your various needs, so to find out more about the features of the ANZ fixed home loan, view our comparison tables.
Read the ANZ Fixed Rate Home Loan - 1 Year Fixed Rate terms and conditions.
| Minimum Loan Amount | $20,000 | |
|---|---|---|
| Maximum Loan Amount | $10,000,000 | |
| Maximum LVR | 80% | |
| Maximum Insured LVR | 97% | |
| Mortgage Offset Account | No | |
| Loan Redraw Facility | Yes | |
| Split Loan Facility | Yes | |
| Fixed Interest Option | No |
| Interest Rate Type | Fixed | |
|---|---|---|
| Interest Rate | 6.19% | |
| Comparison Rate | 7.35% | |
| 1 Year Fixed Rate | 6.29% | |
| 4 Year Fixed Rate | 6.74% | |
| Repayment Type | Principle & Interest | |
| Repayment Frequency | Weekly | |
| Extra Repayments | Yes |
| Application Fee | $600 | |
|---|---|---|
| Valuation Fee | $0 | |
| Service Fee | $10.00 | |
| Exit Fee | $160 | |
| Early Termination Fee | $0 |
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 Bankwest Online Home Loan | A low interest rate home loan with a $0 application fee and ongoing maintenance fees. This offer is exclusively available by applying online. | 5.97% | 5.97% | $0 / $0 | 80% | $100,000 / $1,000,000 |
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 Illawarra Home Loans Bank Beater Home Loan | A low variable rate, beaten down even further by 0.05% p.a. after 5 years. | 6.07% | 6.35% | $0 / $345 | 90% | $250,000 / $1,000,000 |
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 State Custodians Mortgage Company Standard Variable Offset Loan | Awarded the 2011 Non bank Lender of the Year this feature-packed loan rewards customers with a bonus rate drop of 0.25% after 5 years. | 6.02% | 6.23% | $0 / $345 | 95% | $150,000 / $1,000,000 |
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