ANZ Fixed 1 Year

The ANZ Fixed 1 Year Home Loan allows consumers to lock into a competitive rate for 1 year, whilst at the same time allowing access to key features such as an ‘Interest Only’ payment option.

Security is a major factor when choosing a home loan. By choosing a fixed home loan, customers have the added security of understanding exactly what their payments will be in the future. Sourcing the home loan through a major bank also adds to the level of customer security and peace of mind.

There is a one off establishment charge of $600 when taking out an ANZ Fixed 1 Year product and a low ongoing monthly fee of only $10. There may be other fees and charges depending on additional features.

KEY BENEFITS

There are a various benefits associated with this loan:

Interest Only Repayments

Has the option of being an interest only loan, meaning you only pay the interest amount of the loan. This is great for customers who are trying to free up some extra money by reducing their payments.

Flexible Repayment Options

Have the ability to make payments without incurring any fees if you stay below the tolerated yearly amount. This is an excellent feature that allows you to pay this loan off more quickly when you have extra money.

100% home loan offset account

This home loan offset account utilises your available funds to shorten the term of your loan and reduce interest amounts.

Self-Employed

This loan is available for self-employed customers as a Lo Doc loan. You are able to borrow up to 60% of the value of the property if you have standard income documentation.

Ability To Split Loans

This means you have the ability to use this Fixed 1 Year Loan for a portion of your total borrowings and another ANZ loan for the rest of them - effectively, splitting this fixed 1 year loan. This enables you to access the various different features of the two loans.

Costs

There is a one off application fee of $600 and an ongoing monthly fee of $10. Dependant on what other features and options you use, there are also other fees associated.