Fiji Real estate
Home > Property News

ANZ drops rates on fixed-rate home loans

Dec 12, 2012 12:19:23


ANZ has dropped interest rates by 0.75 per cent to 4.5 per cent per annum on its one-year fixed owner-occupied home loan and residential investment property loan.



The move seems to be aimed at protecting their share of the home loan market after French bank, Bred Bank’s,  announcement of a promotional fixed interest rate of 3.99% for 12 months or 4.99% for 24 months at the launch of its first branch in Suva.



ANZ’s fixed rate is available from today and is valid for applications received before 28 February 2013.



ANZ head of retail banking Fiji Graham Meecham said fixed loans are popular because they can provide customers with the security of having a set loan repayment each month.



"We understand that purchasing a house is the biggest single financial commitment most people will make so this is a great way for customers to manage their household budget more effectively," he said.



With the new rate applied to an owner occupied one-year fixed loan, customers can save approximately $521 in repayments per year on a 25-year $100,000 home loan compared with the previous rate.



“We’ve also made it easier for existing customers and other banks’ customers to make the move to ANZ. We will offer $1,500 cash towards legal fees and waive loan application fees on new lending of a minimum $50,000 when combined with ANZ House Insurance and an ANZ transaction account."



By Reginald Chandar


Fijilive



Other Headlines
• PRB invites applications for 82 new flats
• Rai Ki Wai sold for $6.95mn
• Housing Authority secures 167 leases
• 167 new lots ready for sale
• Waila City project progressing slowly
• Work on PRB flats to commence soon
• New housing scheme to benefit thousands
• Rai Ki Wai estate on Wakaya goes on sale
• Familes relocate to allow development
• More families benefit from housing policy

 
Latest Ads


Welcome
     
  My Inbox
Saved Searches
Saved Ads
 
     

Real Estate Acts
     
Agricultural Landlord and Tenant Act (Chapter 270).  
Crown Acquisition of Lands Act (Chapter 135).  
Native Lands Amendment Act No 13 Of 2002.  
  MORE  

Real Estate Forms
     
Application for Development Permission.  
Application for Telecommunication Service.  
Application for Miscellaneous Service.  
  MORE  

Search Property
     
   
 
Price Range  
 
   
  Advanced Search  



FIJI MORTGAGE RATES
Bank Interest Rate (%)
ANZ 7.75
Colonial 9.25
HFC Finance 9.25
Baroda 9.00
Westpac 8.00
HA 7.99
FDB  
MORE



  Construction Projects in Fiji  
 

FIJI REAL ESTATE AGENTS
     
uduyapointfiji@gmail.com  
Webster Construction Ltd  
Gary J. Carter  
  MORE  
BUSINESS
Employment responds to service fee petitionFiji's Ministry of Employment, Productivity and Industrial Relations' appears to be against the proposal to introduce a service fee to be charged to all guests for the benefit of workers in the tourism industry.
SPORTS
$5000 for Pac Games 2015 athletesTeam Fiji's athletics contingent preparing for the Pacific Games received much needed funding boost today from Bank South Pacific.
WORLD
'Green'-tinted SUVs at Seoul Motor ShowGas-guzzling SUVs, eco-friendly electric cars and the odd brave attempt to marry the selling points of both are taking centre stage at the biennial Seoul Motor Show.
TECHNOLOGY
$5000 boost to assist diabetes awareness programVodafone Fiji ATH Foundation has stepped in with financial boost to assist the Lions Club in their Diabetes Awareness program.
ENTERTAINMENT
The Chemical Brothers new album Born In The Echoes out July 17The Chemical Brothers, the undisputed masters of transcendent electronics, return with Born In The Echoes on July 17, their first studio album since 2010ís Further.
HEALTH/FITNESS
$5000 boost to assist diabetes awareness programVodafone Fiji ATH Foundation has stepped in with financial boost to assist the Lions Club in their Diabetes Awareness program.
NEWS SPORTS INFOTAINMENT SERVICES MOBILE EXTRA HOT TOPICS