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Home Loans

Equity Manager

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ANZ Equity Manager simplifies your banking and saves you money on your loan by combining your savings, transaction and credit facilities into one account. It gives you night and day access to your funds via ATM, EFTPOS, cheque, ANZ Phone Banking or ANZ Internet Banking, and every dollar that you deposit into your facility immediately reduces your interest expense.

ANZ Equity Manager is a personal transaction account with a credit facility secured by a first registered mortgage over your residential property. The facility is available for personal purposes (eg: you can refinance existing loans, undertake home improvements, finance personal investments or purchase a car).

This loan is also available in the name of a company or business entity. The property must be for the personal benefit of the directors of the company or beneficiaries of the trust. Taking a loan in a company name can provide a tax benefit, however please see your financial advisor before making a decision.

Standard Features

Variable Rate 7.74% p.a.
Loan term No set term - this is an ongoing credit facility with a set limit
Minimum amount $20,000
Maximum amount 90% of the value (i.e. sworn or bank valuation) of the property offered as security
Lenders Mortgage Insurance Required if amount borrowed is more than 80% of the valuation of the security property

Key Features

Repay loan early Yes - you have the freedom to repay your loan in full at any time. Fees and charges may apply (PDF, 388kb).
Make additional repayments Yes - you can make additional repayments at any time, which means you can pay off your facility faster and save on interest
Repayment frequency Not set schedule
Repay and borrow again You can repay the outstanding balance, then borrow up to your credit limit again without re-applying
Access to funds Cheque, ANZ Branch, ANZ Phone Banking, ANZ Internet Banking, ANZ ATM, Periodical Payments, EFTPOS and BPAY®

Summary of Fees and Charges

Loan Approval Fee
(LAF) 		$600
Additional Withdrawal Fee 20 free ANZ withdrawals per month (includes maximum of five staff assisted)*
Staff assisted / Over the counter - $2.50
Self Service - ANZ ATM/Cheque - .50c
EFTPOS, Phone Banking - .50c
Internet Banking - free
Credit Facility Fee $150 per annum

For full details of all fees and charges refer to Personal Banking General Fees and Charges (PDF, 168kb)

* Bank fees, balance inquiries, Government charges, periodical payments, direct debits and transactions at non-ANZ ATMs are not counted towards the free withdrawal limit. Terms and conditions available on application. Fees and charges apply.

® BPAY is registered to BPAY Pty Ltd ABN 69 079 137 518

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