ANZ Five Year Fixed Loan
Posted May 7th, 2010
and last modified January 30th, 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
There are many different types of loans that are available. There are so many different types of loans offered because they will each cater to different type of people. When you are selecting a home loan you should be sure that you choose the one that will suit you the best. By doing so you will have a loan that will work for you and cost as little as possible. Fixed rate loans are loans that will suit some people at different times. The ANZ five year fixed rate home loan is a fixed rate loan that comes with many features.
Features of the ANZ Five Year Fixed Rate Home Loan
The ANZ five year fixed rate home loan is a fixed rate home loan that will suit many people. The features of the ANZ five year fixed rate home loan are:
- Borrowing conditions. The ANZ five year fixed rate home loan will allow you to borrow a minimum of $20,000 up to 80% of the loan to value ratio. If you borrow over 80% of the loan to value ratio then you may have to pay lenders mortgage insurance. The loan term will be 30 years so after the fixed rate period has expired you may negotiate another fixed rate loan or you will revert to the variable rate.
- Interest rate. The interest rate that is offered with the ANZ five year fixed rate home loan is 6.79% While this interest rate will be higher than the variable rate that is offered you will save money if the variable rates rise.
- Interest only repayments. The ANZ five year fixed rate home loan allows you to pay only the interest portion of the loan if you need to free up money. However, if you do this your repayments will increase when you resume full repayments.
- Split the loan. The ANZ five year fixed rate home loan will allow you to split the loan. This can be a very handy feature that will let you take advantage of all the features of many loans. The ANZ five year fixed rate home loan will allow you to set one part of the amount owing to the ANZ five year fixed rate home loan and the other part to another loan. Many people will set the other portion of the loan to a variable rate. By doing this you will be able to take advantage of the lower interest rates of the variable rate loan and all its features while enjoying the stability of the fixed rate portion of the loan.
- Fees. The ANZ five year fixed rate home loan will charge a variety of fees with your loan. When you apply for the ANZ five year fixed rate home loan you will have to pay the $600 application fee. Furthermore, if you would like to lock in the interest rate that is available at the time of the application then you will have to pay a $750 fee. A small ongoing fee of $10 a month will be charged to your account.
The ANZ five year fixed rate home loan is a great fixed rate home loan that will allow you to fix the interest rate for a longer period of time. The ANZ five year fixed rate home loan will allow you to take advantage of the split loan feature and other to ensure that the loan you are paying off will suit your lifestyle.
Read the ANZ Fixed Rate Home Loan - 5 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 | Yes | |
| Loan Redraw Facility | No | |
| Split Loan Facility | Yes | |
| Fixed Interest Option | Yes |
| Interest Rate Type | Fixed | |
|---|---|---|
| Interest Rate | 6.79% | |
| Comparison Rate | 7.23% | |
| 5 Year Fixed Rate | 6.79% | |
| Repayment Type | Principle & Interest | |
| Repayment Frequency | Weekly | |
| Extra Repayments | No |
| Application Fee | $600 | |
|---|---|---|
| Service Fee | $10.00 | |
| Settlement Fee | $0 | |
| Exit Fee | $160 | |
| 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