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Home Loans

Land Loan

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The ANZ Residential Land Loan allows you to purchase land on which you intend to build a home within three years. When you are ready to build, ANZ can help you finance this with any one of our award winning Home Loans.

This loan offers a competitive variable interest rate with flexible features, allowing you to start paying off your loan while you plan your home.

Standard Features

Interest Rate 7.74% p.a. - Variable
Fixed Rate also available
Magnifying GlassComparison Rate™ * 7.84% p.a.
Loan term You must build your home within the first 3 years. Repayments over 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

Repay loan early Yes - the ability to make extra repayments at any time means you can pay off your loan faster and save interest. Fees and charges may apply (PDF, 388kb).
Make additional repayments Yes - the ability to make extra repayments at any time means you can pay off your loan faster and save interest
Loan Administration Charge Yes
100% Mortgage Offset Yes - this mortgage offset account makes the most of your available funds to reduce interest costs and shorten the term of your loan:
  • ANZ One
Redraw facility Yes - Redraw allows you to access any additional loan payments you have made.
Ability to split loan Yes - Find out more
Interest only payments Yes - up to 3 years.
Minimise your repayments and free up cash by paying interest only
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

Summary of Fees and Charges

Loan Approval Fee
(LAF) 		$600
Redraw fee Nil redraw fee, $2,000 minimum redraw (additional conditions apply)
Converting or renegotiating Find out more

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

* Comparison Rate calculated on a loan amount $150,000 over a term of 25 years based on monthly repayments. These rates are for secured loans only.

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

*** An additional discount margin of 0.10% p.a. is a special offer applicable to Money Saver applications submitted on or after 26 February 2007 and applies for a limited time only and is subject to change.

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.

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