Low Doc Home Loans - ANZ - Lo Doc Simplicty Plus |
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to select a different loan amount and loan term. Currently: $150,000 over 30 years |
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| Home Loan Lender |
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ANZ Home Loan |
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| Home Loan Product Name |
Lo Doc Simplicty Plus |
| Interest Rate |
8.67% |
Comparison Rate
Estimated |
8.81% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,171.49 |
Total Paid
Estimated |
$425,760 |
| Establishment Fee |
$600.00 |
| Enquire/Apply |
 
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| Target Market |
Note interest rates & fees displayed as for the Money Saver & Standard Variable Rate Products
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Loan Approval Fee - discount not applicable Lo Doc 80
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Renegotiation Fee $350
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Depending on the type of change requested, fee is $350 for credit critical changes and $200 for non credit critical changes.
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VAF of $100 per property may apply if a valuation is required. |
| Acceptable Income |
Lo Doc 60 ANZ may accept the customers signed Statement of Position as sufficient evidence of income without the requirement to provide supporting documents. ANZ will confirm employment for PAYG customers who have not been with ANZ for 12 months and will complete an ABN search for self employed customers.
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Income Type Self Employed ABN 1 day & PAYG (probation acceptable).
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Lo Doc 80 ANZ may accept the customers signed Statement of Position as sufficient evidence of income without the requirement to provide supporting documents. Note Lo Doc Declaration needs to be completed). ABN required minimum 2 years.
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Income Type Self Employed customers (PAYG only as co-applicant with self employed applicant). PAYG co-applicants Provide full income verification, as per standard ANZ policy. |
| Loan Term |
As product selected |
| Loan Size |
Lo Doc 60 Total Consumer Limit - $2.5M
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Maximum individual loan size lending $2.5M
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Lo Doc 80 total consumer limit $2.5M
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Total Consumer Limit - $2.5M
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Maximum Loan Size
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Metropolitan VIC/NSW/ACT/QLD $1M
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Metropolitan WA/SA/NT/TAS $1M
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Regional $750K ($500K for Regional Other
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Maximum Loan Size Vacant Land $500K
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LVR above 60% and up to 80% |
| Repayment Type |
As product selected |
| Repayment Options |
As product selected |
| Extra Repayments |
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| Split Loan Facility |
As per product selected |
| Offset |
As per product selected |
| Redraw Facility |
As per product selected |
| LVR |
Construction Max LVR 80%
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Land Max LVR 80%
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Investment: Max LVR 80%
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Refinance: Max LVR 80%
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Lo Doc 80 only available on the following products
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Standard Variable, Fixed Rate Home Loan, Variable Rate Residential Investment Loan, Land Loan, Investment Land Loan, Interest in Advance, Fixed Rate Investment Home Loan,
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Normal fees & charges apply
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, Full LAF payable.
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Lo Doc 60 available on the entire ANZ Mortgage Products except loans in a Company Name
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Packages available on Breakfree and Professional Mortgage Benefits
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Normal fees & charges apply
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Discounts may be available as per standard ANZ policy |
| Fees |
Note interest rates & fees displayed as for the Simplicity Plus & Standard Variable Rate Products
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Loan Approval Fee - discount not applicable Lo Doc 80
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Renegotiation Fee $350
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Depending on the type of change requested, fee is $350 for credit critical changes and $200 for non credit critical changes.
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VAF of $150 per property may apply if a valuation is required.
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Guarantee Administration Fee $200 |
| Enquire/Apply |
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| Other Low Doc Home Loans |
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| Other ANZ Home Loan Products |
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This Comparison Rate applies only to $150,000 with a loan term of 30 years. The loan amount and term will affect the comparison rate calculation. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparsion rate calculation but may influence the cost of the loan.
This rate is to be used as a guide only and we recommend that you confirm it with the lender before acting upon it.
The information provided in this website is a guide only and may not be complete for your purposes. ratesonline.com.au is not licensed to provide investment advice and recommends that you consult an independent financial adviser.
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