ANZ Breakfree

The ANZ Breakfree Package offers discounts and benefits for certain ANZ home and investment loans, as well as other products and services available through ANZ. Additionally, this loan package offers reduced interest rates below the standard variable interest rate rated up to 0.6% for the entire loan term. This discount is linked to how much is borrowed from ANZ, with the larger discounts reserved for amounts in excess of $700,000.

As it is a package, the discounts that are made available with this loan are bundled with other ANZ financial products. This option allows you to connect ANZ Home Loans with your bank account, credit cards, and other services, provided they are ANZ accounts.

There are no home loan application fees on certain ANZ products if you use the Breakfree Package.

KEY BENEFITS

Take a closer look at the following benefits associated with the ANZ Breakfree Loan Package:

Interest Only Payments

This provides a set period where only the interest is required to be paid on mortgage payments. During this time, you stop paying principal and just pay the interest for the full principal balance each month.

Extra Payments

This feature allows you make extra payments on the loan so it is paid off faster when you have the extra money.

Repayment Holidays

This lets you put the loan payments on hold. You can stop repayment for up to three months.

Redraw Facility

Using this option you can re-draw cash from your home loan that has already been paid. This is only if you have p aid above the normal payments.

Split Loans

The Breakfree package let you divide the loan between two separate ANZ loans in order to get the benefits of both.