ANZ Dual Currency Loan - Property loan

ANZ Dual Currency Loan

Product Information

An ANZ DCL provides an alternative property financing option in the same denomination as your primary source of income.
It can be used to purchase, construct or refinance for residential or investment property.
A DCL allows you to match the income and the expense currency, with the currency of the loan as well as the opportunity to take advantage of potentially lower interest rates.

Qualifying Criteria

To qualify for an ANZ Dual Currency Loan (DCL) the following criteria must be met:

Minimum income equivalent to JPY10-15 million per annum.
Net assets equivalent to AUD1million.
Client suitability risk profile met.
Available to non residents of Australia and/or New Zealand.

Key Benefits

Ability to borrow in your income currency and/or property currency with the flexibility to switch between.^#
Interest rate savings may apply compared to domestic Australia & New Zealand rates.
Mobility- the facilities are designed to follow the borrower globally.^#
No on-going/annual/administration fees.
No charge for early prepayment or redemption of loans on interest repayment dates.
Investment loans may be deductible for tax purposes in both Australia and New Zealand however independent tax advice should be sought.

Features
Minimum Loan	AUD500,000
Choice of Currencies	AUD, NZD, JPY, EUR, GBP, USD
Currencies are Limited to:	The currency of the security property. The currency of the customer’s primary income stream.
Maximum Term	Up to 25 years (or retirement age 65) whichever is lesser. Interest only upto 5 years.
*Loan to Valuation Ratio: Dual Currency Single Currency AUD or NZD**	Up to 70% Up to 80%
Repayment schedule	Monthly or quarterly
Loan Establishment Fee	AUD750 NZD850

Key Risks

Exchange rate risk:

Foreign currency fluctuations resulting in a capital loss by way of an increase in loan principal.

Clawback process:

Margin Call- If loan value ratio (LVR) increases by 5 percentage points (5%) above the approved LVR, then customer must reduce LVR back to approved level by either paying down the loan or adding further security.
Close Out - If loan value ratio (LVR) increases by 10 percentage points (10%) above the approved LVR, then the loan is converted back to base currency resulting in a capital loss.

Contact an ANZ Relationship Manager if you have an enquiry or to make an appointment.

* ANZ will lend to the lower of the purchase price or ANZ valuation.
# Conditions apply.
+ Standard Residential Property is defined as homes, apartments or rural property up to 10 hectares (<25 acres) in size and does not include serviced apartments, student accommodation and small apartments (< 50m²) in size.

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