Compare
ANZ RIL Fixed Interest Paid Yearly in Advance
Posted August 3rd, 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
Whether you’re buying a home to live in or as an investment, you’ll be looking for any opportunity to save on interest charges which add so much to the cost of home ownership. ANZ Bank offer a fixed interest residential investment loan discounted interest when paid yearly in advance. Rates offered currently are:
The features and benefits of ANZ RIL Fixed Interest Paid Yearly in Advance
If you want to safeguard yourself against rising interest rates, and prefer to know in advance what your home loan repayments will be, you should consider a fixed rate residential investment loan from ANZ Bank. Among the features of this loan are:
- Fixed interest rates for 1 to 5, 7 or 10 years. For payment yearly in advance there is a discount of 0.35% off the fixed rates currently offered on ANZ home loans.
- Lock rate option. When applying for a fixed rate 1-5 year loan of up to $1,000,000 you may keep the advertised interest rate at the time of your application. The rate is locked for up to 90 days allowing time to complete your home purchase arrangements without the risk of increased repayment amounts as a result of rising interest rates.
- Split loans are allowed. You may split your loan into fixed and variable portions of your choice, so that you have the advantage of flexible features such as additional repayment, redraw and mortgage offset facilities together with the benefit of knowing accurately the repayment commitments on the fixed rate part of your loan.
- Interest only repayment. For a fixed rate loan up to 10 years, repayments may be of interest only. This arrangement minimises your repayments, and is an option favoured by investors who wish to free up cash.
- Flexible repayment frequency. The interest rates shown above apply when interest is paid yearly in advance on the fixed portion of your loan; different rates will apply if you prefer to pay monthly, quarterly or semi-annually. On the variable interest rate portion of your loan repayments may be monthly, fortnightly or weekly, whichever period best suits your income pattern.
- Extra repayments and redraw facilities. You may make additional repayments on your variable rate loan and you may redraw any additional loan repayments. If you have a lump sum from a tax refund, for example, you can deposit it into your loan account to reduce the length of your loan term, but the additional funds are still accessible if needed.
- Who is eligible to apply for this loan? Owner-occupiers or investors wishing to borrow between $20,000 and $1,000,000 for purchase of a residential property are eligible to apply for a loan term up to 30 years.
- How much can I borrow? You may borrow up to 80% of the property’s value, or up to 92% with mortgage insurance.
- What fees and charges apply? There is an upfront application fee of $600, and a monthly service fee of $10. A fee of $750 applies for locking the fixed interest rate at the time of loan application.
- Can I repay the loan early? You may repay your loan in full at any time. However, if you pay out your loan in full within four years, or if you refinance your loan with another financial institution, a deferred establishment fee of $700 will be charged.
The ANZ RIL Fixed Interest Paid Yearly in Advance home loan offers significant discounts off standard fixed interest rates. As well offering the advantage of insulating a borrower from the effects of rising interest rates by locking in a relatively low rate of interest, the loan can be split to allow some of the flexible features of variable rate loans.
Read the ANZ RIL Fixed Interest Paid Yearly in Advance terms and conditions.
| Minimum Loan Amount | $20,000 | |
|---|---|---|
| Maximum Loan Amount | $1,000,000 | |
| Maximum LVR | 80% | |
| Maximum Insured LVR | 92% | |
| Mortgage Offset Account | No | |
| Loan Redraw Facility | No | |
| Split Loan Facility | No | |
| Fixed Interest Option | No |
| Interest Rate Type | Fixed | |
|---|---|---|
| Interest Rate | 5.99% | |
| 2 Year Fixed Rate | 6.09% | |
| 3 Year Fixed Rate | 6.14% | |
| 5 Year Fixed Rate | 6.59% | |
| Repayment Type | Interest Only | |
| Repayment Frequency | Weekly | |
| Extra Repayments | No |
| Application Fee | $600 | |
|---|---|---|
| Legal Fee | $0 | |
| Valuation Fee | $0 | |
| Service Fee | $10.00 | |
| Settlement Fee | $0 | |
| Exit Fee | $0 | |
| Early Termination Fee | $0 |
Top Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 Loans.com.au - Dream Catcher | A home loan offer with a $0 application fee and one of the lowest available home loan interest rates. | 5.85% | 6.21% | $0 / $375 | 80% | $50,000 / $750,000 |
 
|
 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 |
|
 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 |
|
 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 |
|
Ask A Question About This Product