1. This comparison rate is calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments, including the minimum Breakfree discount, except where rates provided exclude that discount. These rates are for secured loans only.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Fixed rate home loans aren’t for everyone and early repayment costs may apply if you repay your loan or switch to another one before the end of your fixed term or make early or additional repayments. Once the fixed rate period ends, the loan reverts to a variable rate loan and repayment amounts will change.
For fixed rate interest only loans, the comparison rates are calculated based on an initial interest only period equal in term to the fixed period.
2. Breakfree interest rate discounts apply to eligible loan accounts linked to a customer’s Breakfree package which meet minimum lending requirement (total mortgage lending must be at least $150,000) and apply while the customer holds a Breakfree package and meets ongoing eligibility criteria. The Breakfree annual package fee is currently $395 (but may change from time to time). Terms and conditions, fees and charges, and other eligibility criteria apply to products and services taken out in connection with a Breakfree package.
Remember: The interest rate for a fixed rate loan is set at the time the loan is drawn down, and interest rates can change between the time of applying for the loan and drawing it down. A customer can lock in an agreed rate for a limited period by putting in place a Lock Rate facility. A Lock Rate Facility is available for loans of up to $1 million with fixed rate periods of 1 to 5 years, and the agreed rate will apply provided the loan is drawn down within 90 days of the date the customer applies for the Lock Rate facility and pays the facility fee (currently $750 for each $1 million of lending or part of $1 million).
All rates in this notice are current as at 5 November 2020. ANZ regularly reviews its interest rates and may change them from time to time. For details of current rates, please refer to anz.com.
Terms and conditions, fees and charges, and eligibility criteria (e.g. ANZ credit approval criteria) apply to ANZ loans.
Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522. Australian credit licence number 234527.