ANZ Interest Rates
Anz is one of the largest companies in Australia and New Zealand. It is major international banking group. It is amount the top 50 banks in the world! Its first bank was opened in Melbourne in the 1830’s. Its history stretches as far back as 170 years. Anz is the first lender that has increased their variable home loan rates and fixed rate home loans. Their variable mortgage has risen to 25 basis points to 6.06 per cent. One of the two year fixed rate home loans has also risen to 25 basis points. They have also cut the 10 year fixed loan interest rates by 0.25 percentage points. The demand for fixed home loans has soared as borrowers have prepared for rate rises.
You can find the interest rates on their site dated for Feb. 2010. The links include housing loans, residential investment loans, credit cards, personal loans, overdraft, deposit accounts, car loans and business rates. The standard variable rate on a home loan will give you the flexibility you need for a home loan. This type of loan is great if you need the extra cash to help in paying if off. Just remember that the rates could change so it may not be ideal for someone on a tight budget. The maximum loan tern is 30 years. You can borrow up to 80% of the property’s value. There is an option of weekly, fortnightly or monthly payments which is convenient. You can make extra repayments and additional regular and one off payments or repay it in full without an early repayment fee.
With this loan you can apply to suspend your payments for three months. You can do this every two years. There is a redraw facility and you can use the Flexi draw to redraw any payments above the minimum. The nice thing about the online site is that you have the option of the ANZ calculators. They can help you figure out your ANZ Interest Rates with calculating your repayments, borrowing, home loans, comparison rates, mortgage offset and the home loans fee calculator. ANZ Interest Rates have also been cut on their credit cards. The 1.00 per cent per annum reduction on its cards follows the 1.25 per cent per annum they cut previously. They will be charging 13.9% per annum on the banks low rate MasterCard, the Everyday Rewards Visa and Visa Platinum to 18.95% per annum and other credit cards to 19.95% per annum.