ANZ Simplicity Plus

The ANZ Simplicity PLUS Home Loan is a simple, no frills home loan with a low variable interest rate for the life of your loan. It was Editor's Choice for ‘Basic variable loan’ in Your Mortgage Magazine, December 2008.

It is ideal for a range of customers, from first time buyers to those looking to refinance an existing loan as it allows the customer to confidently manage their finances without paying for extra features they don’t need and would rarely use.

This basic home loan has an application fee of $600 and no ongoing charges or fees.

KEY BENEFITS

This mortgage includes fantastic features:

Extra Repayments

You are able to make additional repayments during the loan without getting penalised, allowing you to pay off this loan sooner when you have extra money available to you, reducing the balance of your home loan.

Interest Only Payments

Interest Only Payments enables you to reduce the repayments on your home loan by allowing you to pay just the interest amount of your home loan repayments for up to ten years. This is especially useful when you need to free up some extra money.

Redraw

With the Re-draw feature, you are able to re-draw cash back out of your home loan, allowing you to access funds that you have already paid into the loan so that you can draw these back out. This also gives you the confidence to make additional payments into your home loan because, if needed, you have access to the money in the future.

Ability to Split Loans

This allows you to use this Simplicity PLUS loan for a portion of your total borrowings, and another ANZ loan for the other part. If for example you decided to split this loan with a Standard Variable Loan you would have access to more features at different times throughout the loan.