ANZ

ANZ Interest-in-Advance Residential Investment Loan

The ANZ Interest-in-Advance Residential Investment Loan allows you to pay your interest up-front, which may provide taxation benefits, while the fixed rate provides certainty of repayments and safeguards you against increasing interest rates.

Fixed Term	Interest Rate – Interest paid yearly in advance

1 year	8.50% p.a. Other Interest Rates

2 years	8.54% p.a.

3 years	8.64% p.a.

4 years	8.64% p.a.

5 years	8.79% p.a.

7 years	8.95% p.a.

10 years	9.15% p.a.

Loan term	1-5, 7 & 10 year fixed rate terms available. Maximum overall term is 30 years

Minimum amount	$20,000

Maximum amount	95% of the valuation of the security property

Lenders Mortgage Insurance	Required if amount borrowed is more than 80% of the valuation of the security property

Make additional repayments	Yes – additional repayments can be made up to a set tolerance amount**. Early repayment costs may apply for additional repayments above the tolerance amount.

Redraw facility	Yes – once your fixed rate period has ended. Redraw allows you to access any additional loan payments you have made during the variable rate period.

Ability to split loan	Yes – Find out more

Lock Rate	Yes – Lock Rate is available on the 1-5 Year Fixed Rate Loans of up to $500,000. This means you keep the advertised interest rate at the time of your application for a maximum of 60 days.

Interest only payments	Yes – up to 10 years Minimise your repayments and free up cash by paying interest only

Pay interest in advance	Yes – consult your tax or financial adviser – you may gain tax benefits by paying your interest upfront. Interest in advance frequency options include yearly, half yearly, quarterly and monthly.

Loan Approval Fee (LAF)	$500 A Valuation Administration Fee may apply (PDF, 388kb).

Discounts	Yes - on your Loan Approval Fee (maximum $100): At least one of the following = $100 discount: Periodical Payment from an ANZ account for loan repayment, or salary credited to an ANZ account, or ANZ credit card holder. Purchase one of the following insurance products = $100 discount: ANZ Mortgage Protection Insurance, or ANZ Home Insurance, or ANZ Residential Investment Property Insurance.

Loan Administration Charge	$10 per month (Applies during fixed interest rate period)

Redraw fee	$25 redraw fee, $2,000 minimum redraw (additional conditions apply).

Early Repayment Administration Fee	$300 if you fully prepay your entire loan during the fixed rate period. Only applies to loan agreements made on or after 1 November 1996.

Early Repayment Cost	May be payable if and when you repay your loan in full, or make an early or additional repayment, during the fixed interest rate period. The definition and method of calculation are set out in the Consumer Lending Terms and Conditions booklet under the heading 'Repaying Your Loan Early During a Fixed Interest Rate Period'. Consumer Lending Terms and Conditions booklet (PDF, 547kb).

Locked rate fee	$600 plus 0.15% of the loan amount payable at application. Maximum loan amount of $500,000 applies. Lock Rate allows the interest rate to be held at the time of application for a maximum period of 60 days.

Converting or renegotiating	Find out more


	Variable Rate
	Fixed Rate
	Interest in Advance


	Simplicity PLUS
	Supplementary Loan
	Land Loan


Call us direct ANZ Personal Mortgage Manager We come to you Visit an ANZ branch Download application form Apply online			How much can I borrow? What are the costs? Which loan is right for me? Get pre-approval Search for a property The buying process

** For more information regarding the tolerance please visit any ANZ branch or phone the Home Loan Hotline on 1800 100 641 8am - 11pm EST seven days a week.

Terms and conditions available on application. Fees and charges apply.

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© Copyright Australia and New Zealand Banking Group Limited (ANZ) 100 Queen Street, Melbourne 3000, ABN 11 005 357 522, 1996-2008. ANZ's colour blue is a trade mark of ANZ. Any advice 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 and the Financial Services Guide before acquiring the product.

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