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ANZ Simplicty Plus Owner Occupied Home Loan - Principal & Interest - 3.65% p.a (Comparison 3.69% p.a.)

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ANZ Simplicty Plus Owner Occupied Home Loan - Principal & Interest - 3.65% p.a (Comparison 3.69% p.a.)
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Store RepWithCashback @ With Cashback on 05/08/2018 - 21:58 anz.com.au (559 clicks)
Last edited 06/08/2018 - 02:18 by 2 other users

Effective Thursday 2 August, ANZ is making changes to the ANZ Simplicity PLUS Special Offer and some ANZ Fixed rates:

ANZ SIMPLICITY PLUS SPECIAL OFFER

For applications for new or additional lending from Thursday 2 August 2018, ANZ will increase the Special Offer Discount available for eligible customers on the advertised ANZ Simplicity PLUS interest rate for owner occupiers paying principal and interest borrowing less than or equal to 80% of the property value.

Based on current interest rates, the new rate for ANZ Simplicity PLUS Home Loans for owner occupiers paying principal and interest borrowing less than or equal to 80% of the property value1 will be 3.65% p.a. (Comparison 3.69% p.a.), which is the Simplicity PLUS Home Loan Rate of 4.55% p.a.* less the Special Offer Discount of 0.90% p.a.
For owner occupiers paying principal and interest borrowing greater than 80% of the property value1, the rate will remain unchanged at 3.99% p.a. (which includes a Special Offer Discount of 0.56% p.a.)

ELIGIBILITY CRITERIA
Eligible applicants must satisfy all of the following:
• For applications submitted on or after Thursday 2 August 2018.
• Applies to new or additional lending of $50,000 or more under ANZ Simplicity PLUS Home Loans.
• Eligible for ANZ Simplicity PLUS Home loans for owner occupiers paying principal and interest.

Offer is ongoing until further notice and may be withdrawn or changed by ANZ at anytime.

IN-FLIGHTS
• For eligible new applications in the system that are submitted on or after Thursday 2 August 2018, the new discount will apply.

With Cashback customers will receive on average of $3,000 cashback rebates for a $500,000 loan.

Talk to your mortgage broker or contact us for further details:

With Cashback
1300 685 008
www.withcashback.com.au
Same loan, same bank, more cashback!

Credit Representative Number 502385 of Australian Credit Licence 498325

Financial Home Loan

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closed Comments

  • Dealma on 05/08/2018 - 22:25

    Hi Rep,

    How much is the interest rate on the investment property. From the website, it appears that the rate is 4.09.

    If you have 2 properties, is the cash back is on both properties or single.

    Also, how much is the ANZ additional cost for each settlement.

    Appears they are trying to match other banks like HSBC and CBA offers, which are currently in the market.

    • Store RepWithCashback @ With Cashback on 05/08/2018 - 22:31

      Hi Dealma,

      The interest rate on investor loans are 3.95% for 2 years fixed, 4.19% for 3 years (with breakfree discount).

      Cashback applies to each loan.

      Settlement fee from memeroy is $160: refer to https://www.anz.com.au/content/dam/anzcomau/documents/pdf/pe… for full fees

      • nix1016 on 05/08/2018 - 22:38

        Hi Rep,

        I'm also in the market for an investment loan refinance. How does this compare to the Macquarie Bank Investment Loan? Does the latter qualify for cashback as well? Thanks.

  • Son of Matrix on 05/08/2018 - 22:28

    With offset account?

    • Store RepWithCashback @ With Cashback on 05/08/2018 - 22:37

      ANZ Breakfee package includes offset account.

  • jazattack on 05/08/2018 - 22:29

    Make the title more meaningful.

    • Store RepWithCashback @ With Cashback on 05/08/2018 - 22:36

      Updated ;)

      • stockastics on 05/08/2018 - 22:44

        is there an offset ac?

        • Store RepWithCashback @ With Cashback on 05/08/2018 - 22:47
          -1

          Yes with the ANZ Breakfee package

        • stockastics on 05/08/2018 - 22:57
          +1

          @WithCashback: anz website shows rate of 4.30% for breakfree package. My current loan is 3.90% with offset..

        • flashi007 on 05/08/2018 - 23:01

          @stockastics: Who is this with? the 3.9% with offset?

        • stockastics on 05/08/2018 - 23:07

          @flashi007: AMP bank..

        • flashi007 on 05/08/2018 - 23:11

          @stockastics: BANG!

          Thank you

        • dcep on 05/08/2018 - 23:53

          @stockastics:

          any annual fees ?

        • [Deactivated] on 05/08/2018 - 23:57
          +1

          @phunkydude:

          3.69% ING with full offset. But has $299 annual fee.

        • Jamesx on 06/08/2018 - 07:34
          +1

          @googleyahoo69:
          So your comparison rate is higher than 3.69%. why neg?

        • Trishool on 06/08/2018 - 08:37

          @googleyahoo69: Link?

        • auMouth on 06/08/2018 - 09:18

          @stockastics: @flashi007 3.68% (4.00% comparison) for ING Orange Advantage with 100% offset

        • stockastics on 06/08/2018 - 09:19

          @phunkydude: $300..but refunded by broker..so no..

        • stockastics on 06/08/2018 - 09:20

          @flashi007: I have an investment property as well..so both owner occupied and investment- paying principal + interest- 3.9% with $299 annual fees that is reimbursed by the broker

        • macrocephalic on 06/08/2018 - 15:21

          @flashi007: I'm with Mortgage Ezy and have similar. I thought Loans.com.au was also similar.

  • Chumpmaster on 05/08/2018 - 22:50
    +4

    So with breakfree package, you won't be eligible for the 3.65 correct?

  • MeerkatWongy on 05/08/2018 - 22:51

    Offset account included?

    • Store RepWithCashback @ With Cashback on 05/08/2018 - 22:52
      -6

      Yes with the ANZ Breakfee package

      • MaccDogg on 05/08/2018 - 23:17
        +29

        Haha you cant just keep saying Breakfee package. People want to know if the 3.65% interest rate applys with an offset account. Youre talking like a politician.

      • taoz on 06/08/2018 - 07:40

        Your not advertising that product so how is it included???

        • tg on 06/08/2018 - 10:16

          Your =/= You're == You are

      • cannibal on 06/08/2018 - 07:48
        +1

        Your post is for the ANZ Simplicity PLUS product.

        The comparison table between the ANZ Simplicity PLUS and ANZ Standard Variable products at your link clearly states the ANZ Breakfee package is not available with ANZ Simplicity PLUS and you can't link it to the ANZ One offset account.

  • vssv on 05/08/2018 - 22:53

    Interest rate for break free package?

  • vssv on 05/08/2018 - 22:54

    What about construction loan for investment…?

    • stockastics on 05/08/2018 - 22:57

      check anz website.

      • vssv on 05/08/2018 - 23:10

        Thanks

  • flashi007 on 05/08/2018 - 23:00
    +20

    Come on rep - you keep writing about the "break free package" but don't give us any details about it. And the post is about the "simplicity plus" special offer.

    Why not give us more details on what us ozbargainers want to know and stop beating around the bush?????

    What is the interest rate on the package with the offset account? Do you get cash back with that package? is it 100% offset???

    • Store RepWithCashback @ With Cashback on 06/08/2018 - 00:02
      -1

      Hi there, I had the original offer uploaded but Ozbargain removed it and redirected it to the ANZ website.

      • Store RepWithCashback @ With Cashback on 06/08/2018 - 00:04
        -4

        Interest rate is: 3.65% p.a
        Owner Occupied Home Loan - Principal & Interest

        This is in the title and body text.

        Thanks.

  • [Deactivated] on 05/08/2018 - 23:42
    +7

    No deal.

    https://www.withcashback.com.au/about-us/ they are essentially a broker service (hence commission for the rebate) with little service. This is usually very important when things dont go right, esp on time sensitive deals.

    1. Where's the comparison rate as per requirement for advertising credit?
    2. What are the fees? My experience with big 4 is that they advertise a low rate on variable. But usually comes with alot of fees, and/or no offset facility (very important for many).
    3. Variable rate considered a deal? (Yea… right).

    So. What is the deal?

    • dcep on 05/08/2018 - 23:57
      +2

      at <3.65 var you can't even get offset from any 'bank' apart from BoS deal

      loan app fee 600 waived in this deal

  • rvsure on 06/08/2018 - 00:24

    St George's 3.68% or 3.69% comparison rate basic home loan with no annual fee is much better. No offset account though. But it's the same rate even if you are borrowing more than 80%.

    • tororm on 06/08/2018 - 06:47

      I got 3.59 at PCCU last week with offsets.

    • Joberu on 06/08/2018 - 07:57

      Depends on your needs. An offset account can save you thousands of dollars depending on your loan amount and spending habits.

      • ShortyX on 06/08/2018 - 09:25

        Agreed - depends on individual needs. Another option to save on the offset package fees is to just move as much funds as possible to mortgage (and move back when needed).

        • tg on 06/08/2018 - 10:21

          just move as much funds as possible to mortgage (and move back when needed).

          And lose your maximum deductible debt if you decide to make it an investment in the future…

        • ShortyX on 06/08/2018 - 10:25

          @tg: Great point, forgot to mention that! :)

      • dcep on 06/08/2018 - 09:31

        is there interest calculator that i can plugin my balance + interest rate difference to find out how much extra interest i'm paying ?

        not looking for repayment calculator

    • ShortyX on 15/08/2018 - 15:24

      Why did you say St George’s loan is much better?

  • justinvu on 06/08/2018 - 08:56

    I’m with Citi bank. 3.63% with offset sccount originally last year. Then they raised it by 0.15% due to rising borrowing cost. But asked my lending manager to bring it right down to 3.63% again.

    299$ annual fee however!!!

    • stockastics on 06/08/2018 - 09:22

      one of my friends has a loan with citi and every time they try to raise the rate, he calls them and threatens to leave…seems to be working for last 2-3 years..

      • taoz on 06/08/2018 - 10:32

        Anz will do the same thing with this no doubt.
        Been a previous customer, rate rises at there own discretion.

  • em on 06/08/2018 - 11:48

    BankSA has been 3.64% (3.65% comparison rate) since Nov last year. It is pretty much an identical type of homeloan (i.e. no offset, no ongoing account keeping fees etc).

  • Ragnarok1983 on 06/08/2018 - 15:31
    +1

    Checked with ANZ, no offset account possible.

  • stupot3003 on 07/08/2018 - 08:38
    +1

    All these offset 'packages' negate in many instances what you will save by having an offset. 299pa seems to be the norm. Which is 25pm. If you are just making standard payments you may as well not bother as we were saving around 15pm on offset but then paying 25pm fees. Obviously this changes if you are making large overpayments and offsetting will work in your favour and your 299 'package fee'becomes worthwhile but many seem unaware of this.

  • illusion44 on 07/08/2018 - 22:23

    Bank of Sydney is 3.58% pa (Variable Interest Rate) and 3.59% pa (Comparison Rate) https://www.banksyd.com.au/LimitedTimeOffer

    • Store RepWithCashback @ With Cashback on 08/08/2018 - 21:39

      This is a great rate, we have been informed that the offer will be expiring next week.

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