ANZ Simplicity PLUS Investment Loan
Posted May 21st, 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
The ANZ Simplicity PLUS Investment Loan is a basic ANZ investment loan that offers the residential investor a low variable interest rate over the full term of the loan. It is also an ANZ investment loan where you will not find yourself paying for any unnecessary features as is the case with many other more costly investment loans. You will however, be able to make any amount of additional payments at any time, that will help you shorten the loan term considerably.
Fewer fees allow for greater returns.
This basic ANZ investment loan attracts an application fee of $600 but after that there are no ongoing fees other than an early termination fee (three year cost) of $700.
If you are looking to finance an investment property a basic ANZ Simplicity PLUS Investment Loan will suit your purposes perfectly:
- You will not have an overabundance of fees and charges to eat away at your earnings as often occurs with other more unwieldy investment loans.
- You will be able to make additional repayments off the mortgage that will shorten the term and cost of the loan therefore making the investment that much more worthwhile.
- You will have redraw options that could be used to do renovations and maintenance to further increase the value of your investment.
- You will be able to make repayments on a weekly, fortnightly or monthly basis – whichever suits you best.
With this ANZ investment loan you can borrow up to 80% of the property value and 80% with mortgage insurance.
An ANZ investment loan features include the following:
- Redraw facility.
- Minimum loan amount is $50,000.
- Maximum loan amount is $1,000,000.
- Repayments can be made on a weekly, fortnightly or monthly basis over a 30 year period.
ANZ is one of the ‘big four’ Australian banks.
ANZ as one of the big four Australian banks is also one of the largest companies in both Australia and New Zealand, as well as being a major international player in the world banking and financial sector. It is presently regarded as being one of the top 50 banks in the world. The ANZ head office is still in Melbourne where it began its banking business as the Bank of Australasia in the 1830’s. It therefore has more than 170 years of experience in financing all types of loans including the ANZ simplicity PLUS Investment Loan.
An ANZ investment loan can create wealth.
Investing in property with an ANZ investment loan has been a popular means creating wealth for many Australians for a long time. Many have begun their investment portfolio by investing in a small apartment block to rent out. The successes of such foresight has seen them move on to invest further through the buying of many other properties.
An ever increasing number of people are now choosing this avenue to financial independence. They often buy an investment property first before buying their own home. This extra income can allow them to rent in an area they would otherwise be unable to buy into.
Responsible investment in property through an ANZ investment loan offers many attractions.
Property investment itself is normally less volatile than investing through shares and has the perception of being more ’safe’ as property values seldom fall and when they do it is only temporary. There is also the potential to create wealth through capital growth as well as rental income and certain taxation advantages.
With all that said, investing in property is not without its risks. Property prices can go down, especially in certain areas, as well as up. Sometime good tenants are hard to find, especially those who pay regularly and on time. Not to mention those who don’t take care of your investment property.
Read the ANZ Simplicity PLUS Investment Loan terms and conditions.
| Minimum Loan Amount | $50,000 | |
|---|---|---|
| Maximum Loan Amount | $1,000,000 | |
| Maximum LVR | 80% | |
| Maximum Insured LVR | 97% | |
| Mortgage Offset Account | No | |
| Loan Redraw Facility | No | |
| Split Loan Facility | Yes | |
| Fixed Interest Option | No |
| Interest Rate Type | Variable | |
|---|---|---|
| Interest Rate | 6.72% | |
| Comparison Rate | 6.77% | |
| Repayment Type | Principle & Interest | |
| Repayment Frequency | Weekly | |
| Extra Repayments | Yes |
| Application Fee | $600 | |
|---|---|---|
| Legal Fee | $0 | |
| Valuation Fee | $0 | |
| Service Fee | $0 | |
| Exit Fee | $160 | |
| Early Termination Fee | $0 |
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