ANZ Boat Loan
ANZ Boat Loans Review & Application
You work hard and you play hard, a life on the water is exactly what you have longed for and intent to have. Whether you are looking for a boat as a fun and exciting way to spend the weekend or you would rather relax in your retirement aboard you very own sailboat, an ANZ Boat Loan may be just what you need.
With competitive rates and favorable terms, a boat loan from ANZ will have you worrying less and enjoying more time on the water. This report will examine the various facets of boat loans from ANZ and give you the information you need to decide if this is the right choice for you.
What Are the Costs
As with all boat loans, in fact all personal loans, there are fees and charges associated with an ANZ Boat Loan. You should be prepared to pay an approval fee for your loan of $150 as well as an additional $150 per guarantor. In some cases you may be assessed a loan administration fee of $30 per quarter. While these are in addition to your loan payments, they are not uncommon to any personal loan.
You will also find that ANZ offers some of the most competitive interest rates on the market for boat loans. Fixed rate loans begin at 13.95% p.a. while competitors are charging as much as 17.07% p.a. The rate gets even better for variable rate notes. Boat loans with a variable rate from ANZ start at 13.99% p.a. compared to other lenders at 18.10% p.a.
Benefits and Features
So what are the basics of the ANZ Boat Loan? Lets take a look now at some of the key aspects of this specialized personal loan.
- Choose the loan amount you need with a low minimum of only $5,000
- Choose the term of the loan, pay it back between 1 year and 7 years
- Make extra payments when you can (extra fee applies to fixed rate notes)
- Add optional Loan Protection against hard financial times
Fixed or Variable Interest Rates
A special feature of ANZ Boat Loans is the borrower’s ability to choose between a fixed rate or variable rate note. Fixed rate loans typically maintain the same interest rate for the duration of the loan. This can be very beneficial when you need a fixed-amount for your monthly payment.
Alternatively, a variable rate loan has an interest rate that may rise or fall based on market conditions. This give you, the borrower, the ability to benefit when interest rates decrease. With an ANZ Boat Loan you get the added advantage of no penalty early repayment if you select the variable interest rate option.
In addition to favorable early repayment treatment, borrowers who choose variable rate boat loans from ANZ may also have access to a redraw facility. When the motor, sail, or mooring charges come due and you need a little extra to cover the expense, redraws make access possible to payments you have already made.
Whether you find a fixed rate or variable rate note to be right for you, you have the ability to take a 0.25% p.a. discount on your interest rate if you choose to add ANZ Loan Protection to your account. Loan protection will be there for you when you have trouble making your regularly scheduled payments, protecting your financial history and your acquisition.
Types of ANZ Personal Loans
| Personal Loan | Details | Min Interest Rate | Min Comparison Rate | Min Loan Amount | Min Loan Terms | Apply Fee | |
|---|---|---|---|---|---|---|---|
ANZ Fixed Rate Personal Loan |
ANZ Fixed Personal Loan – a convenient and fast way to attain your desires and requirements with affordable rates and fees. | 13.95% | 17.07% | $5000 | 1 year | $150 |   |
ANZ Variable Rate Personal Loan |
ANZ Variable Personal Loan – pay off the loan faster with the freedom to increase your repayments at any time and save money. | 13.99% | 18.10% | $5000 | 1 year | $150 | |
Related posts:
- ANZ Boat Loan Review & Application
- Boat Loan Comparison
- Boat Loan Comparison
- Boat Loans
- BankSA Car, Motorbike & Boat Loan
Featured Personal Loans
| Personal Loan | Details | Min Interest Rate | Min Comparison Rate | Min Loan Amount | Min Loan Terms | Apply Fee | |
|---|---|---|---|---|---|---|---|
 ME Bank Personal Loan | A low rate personal loan from ME Bank with no application fee for a limited time. | 13.59% | 13.81% | $5000 | 1 year | $0 | |
 Aussie Personal Loan | A smart way to consolidate your bills to save time and money so you can pay for your holiday, a wedding or renovate the house. | 13.90% | 14.84% | $3000 | 1 year | $199 | |
 Sugar Money Personal Loan | Fixed rate personal loan with flexible options to get you funds when you need it. | 13.99% | 15.00% | $3000 | 2 years | $250 | |
 bankmecu Personal Loan | A convenient and fast way to purchase a car or debt consolidation with affordable rates and fees. | 13.49% | 14.55% | $1000 | 1 year | $150 | |
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