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Home Loans

Interest In Advance

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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.

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

Fixed Term Interest Rate - Interest paid yearly in advance*
1 Year 6.64% p.a.
2 Years 6.64% p.a.
3 Years 6.84% p.a.
4 Years 7.20% p.a.
5 Years 7.64% p.a.
7 Years 8.04% p.a.
10 Years 8.04% 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 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

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.

Fees and Charges

Loan Approval Fee
(LAF) 		$600
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

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

* The Rates shown apply for interest paid yearly in advance. The Rates applicable for interest paid monthly, quarterly or semi - annually in advance are available on application at any ANZ Branch.

** 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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