More deals offered for those with equity

It is advertising rates of 4.95% for six months, 5.19% for a year,  5.59% for 18 months, or 5.95% for two years to borrowers with 20% equity and existing ANZ customers.

The rates for new borrowers with less equity range from 5.45% for six months to 5.95% for two years.

It is also making a grab for other banks’ customers, offering the special rate to those who refinance their loans to ANZ from somewhere else.

But those borrwers will need to be prepared to pay the low-equity fee upfront if they have less than 20% equity.  “The new loan must be no  more than the existing loan, to the same borrowers, and the same property must be used as security.”