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Home Loans

Supplementary Loan

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The ANZ Supplementary Loan allows you to access the equity in your home or investment property for personal or investment purposes. It is fully flexible and can be used for a variety of different purposes such as consolidating existing personal borrowings, purchasing shares or to finance other purchases, according to your needs.

Standard Features

Interest Rate 7.74% p.a. - Variable
Fixed Rate also available
Magnifying GlassComparison Rate™ * 9.09% p.a.
Loan term Up to 10 years
Longer terms may be considered depending on the purpose of the lending
Minimum amount $5,000 for eligible variable rate loans
$10,000 for eligible fixed rate loans
Maximum amount 90% 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

Key Features

Repay loan early Yes (fees may apply if repaying a fixed rate loan during the fixed rate period - See Fees and Charges below)
Make additional repayments Yes - for variable rate supplementary loans. For fixed rate supplementary loans, additional repayments can be made up to a set tolerance amount**. Early repayment costs may apply for additional repayments above the tolerance amount for fixed rate loans.
100% Mortgage Offset Yes - for variable and one year fixed rate supplementary loans - this mortgage offset account makes the most of your available funds to reduce interest costs, and shorten the term of your loan:
Redraw facility Yes - for variable rate supplementary loans or fixed rate loans once they revert to the variable rate. Find out more.
Reduced fees on a personal transaction account*** Yes - you will not pay account servicing fees or additional withdrawal fees on your linked ANZ Access Advantage account (not available with ANZ Interest-in-Advance Supplementary Loan)
Draw down loan progressively Yes - up to 12 months for variable rate and four months for fixed rate.
Fees and charges apply (PDF, 388kb).
Repayment Holiday Yes - Find out more
ANZ Assured $1,000 ANZ Assured facility on an ANZ One cheque or savings account linked to the loan (subject to ANZ approval)

Summary of Fees and Charges

Loan Approval Fee (LAF) $350
Covers application and loan establishment costs. A Valuation Administration Fee may apply (PDF, 328kb). Payable upon drawdown of the loan.
Loan Administration Charge Yes - Fees and charges may apply (PDF, 388kb)..
Redraw fee Available on variable rate loans. $25 redraw fee, $2,000 minimum redraw (additional conditions apply).
Early Repayment Administration Fee Applies to fixed rate loans. $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 Applies to fixed rate loans. 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'. Visit the booklet via the following link: Consumer Lending Terms and Conditions booklet (PDF, 631kb).
Converting or renegotiating Find out more

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

ANZ. Home Loan Lender of the Year, again. Money magazine's Home Loan Lender of the Year 2007, 2006 and 2005. Personal Investor magazine's Home Lender of the Year 1999-2002, 2004 and 2005.

* Comparison Rate calculated on a loan amount $30,000 over a term of 5 years based on monthly repayments. These rates are for secured loans only.

WARNING: This Comparison Rate applies only to the example or examples given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.

A copy of the Comparison Rate Schedule is available at any ANZ branch or view it online ANZ Comparison Rate Schedule (PDF, 44kb).

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

** 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.

*** Non-ANZ ATM Fees apply, salary must be deposited to the account to obtain the waiver.

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