Log onRegister

Land loan - Home loans

Land loan

The ANZ Residential Land Loan allows you to purchase land on which you intend to build a home within three years or within twelve months if you take out an Investment Land Loan. 

This loan offers a competitive variable interest rate with flexible features, allowing you to start paying off your loan while you plan your home.

Apply now

Interest rate

7.41% p.a. - variable
Fixed rate also available

Comparison rate#
7.52% p.a.
Loan term
You must build your home within the first three years or, if you're building an investment property, building must start within 12 months. Repayments over 30 years
Minimum amount
$20,000
Maximum amount
90% of the valuation of the security property
Lenders Mortgage Insurance
Required if amount borrowed is more than 80% of the valuation of the security property
Repay loan early

Yes - the ability to make extra repayments at any time means you can pay off your loan faster and save interest. 

Make additional repayments
Yes - the ability to make extra repayments at any time means you can pay off your loan faster and save interest
Loan administration charge
Yes
100% home loan offset

Yes - this home loan offset account makes the most of your available funds to reduce interest costs and shorten the term of your loan:

Redraw facility
Yes - redraw allows you to access any additional loan payments you have made (note any principal reductions made during any fixed rate period will not be available to be redrawn)
Ability to split loan
Interest only payments
Yes - up to 3 years.
Minimise your repayments and free up cash by paying interest only
Reduced fees on a personal transaction account*
Yes - you will not pay account servicing fees or additional withdrawal fees on your linked ANZ Access Advantage account
Loan approval fee (LAF)
$600
Redraw fee
Nil, $2,000 minimum redraw (additional conditions apply)
Converting or renegotiating

Renegotiation fee

$200 - If no change to the loan term, amount or security and no change to interest only repayments.

$350 - If changing loan term, amount, security, changing repayments to interest only or renewing your existing fixed rate loan term.

Early repayment cost

This may be payable if you choose to make additional repayments, repay your fixed loan (in part or full) or switch to another fixed or variable interest rate before the end of your fixed rate period. The definition and method of calculation is set out in the 'Consumer Lending Terms and Conditions booklet' under the heading 'Repaying Your Loan Early During a Fixed Interest Rate Period'.

Ways to apply for a home loan

Telephone iconCall us direct on 1800 100 641

# Comparison rate calculated on a loan amount $150,000 over a term of 25 years based on monthly repayments. These rates are for secured loans only.
WARNING: This Comparison Rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
A copy of the comparison rate schedule is available at any ANZ branch or view it online ANZ Comparison Rate Schedule (PDF 76kB)

* Non-ANZ ATM Fees apply, salary must be deposited to the account to obtain the waiver.

Terms and conditions available on application. Fees and charges apply.

You need Adobe Reader to view PDF files. You can download Adobe Reader free of charge.