ANZ home loan interest rates
The Australia and New Zealand Banking Group Limited (ANZ) is the third largest bank by market capitalization in Australia and the largest bank in New Zealand. The Australian operations make up the largest part of ANZ’s business, with a focus on commercial and retail banking. In addition to operations throughout Australia and New Zealand, ANZ also provides its banking services in 32 other countries. The banking giant opened a representative office in Singapore in 1974 and was subsequently upgraded to a wholesale bank in 2002. ANZ Singapore is one of two designated ANZ regional hubs in Asia which can provide integrated banking services across institutional and corporate banking, financial markets, trade finance, corporate finance, retail banking, private banking and investment banking services. As of September 2010, ANZ has a total asset of AU$531.74 billion.
ANZ is the only bank to offer a combined SIBOR / SOR package for home loans. This means that interest rates are based on the average of both SIBOR and SOR + a set percentage. This approach offers some moderation of volatility should one of the rates surged, and also helping to cap the risk for people who are undecided between SIBOR or SOR. To give you an idea of their SIBOR-SOR combination loans, we picked one that is eligible for HDB owners and you can even choose between either a fixed or variable rate. For fixed rate, you will need to pay an interest of 1.35% for 2 years, before being allowed to switch to the 3 month Sibor-SOR combo. If you prefer variable rates, you can pick the one which offers at (3 month Sibor-SOR combo + 1%) from the start.
Being an Australian bank, ANZ also offers Australian Property Loans, making it easier and more convenient for ANZ Signature Priority Banking customers to purchase or refinance their Australian residential property for owner occupation or investment purposes. Some key advantages of this loan is that there could be Interest rate savings compared to domestic Australian rates, waiver of annual administrative fees and the flexibility to partially or fully repay your loan on interest revision dates. The requirement states you need to be Singaporean citizen and permanent residents or foreigner who is residing and working in and outside of Singapore, and are permitted to purchase properties in Australia. The minimum loan for this is 300,000 AUD and the loan currency will be in AUD.
As leading Singapore mortgage brokers, let us get you the lowest mortgage packages for: