Fixed rates loans

May I know if anyone knows why Anz fixed rate investment loans is lower than other big 4 in particular to Cba?

 

Just business practice... to be more competitive and attract more business

 

Is ANZ good for debt recycling and can have mutiple splits ?

 

How about have the splits set up in the begining rater than later

 

I have helped a few clients debt recycle with ANZ. Splits were set up from the beginning - max 6

They are not very good because
a) expenses cannot be paid from the loan, and this means
b) borrowed money needs to be diverted to a savings or offset account then onto its destination.

You will then have to consider the issues in my tax tip 1

 

Re (b)

If there is a clear transaction of transferring X amount from loan to savings/offset and then same money goes to trading account for investing then what is the issue? Its just one extra transfer?

 

There are 2 transactions when ideally there should be 1. Have a read of my tax tip 1 and then pay for some tax advice

 

So it's simple:

1. Transfer directly from loan account to trading account
Or
2. Dont have funds in offset/saving account

I don't get the Loc promotion- use it then fixed it for certain twrm as IO. Above mentioned 2 methods are worth it!!

 

From a loan point of view it might be simple, but the tax side is less so

 

Likely a matter of time the rest of market moves there. ANZ aren't really ever winners on 'price' (neither are CBA mind you), and they usually end up in the same/similar positions. At the moment there is a bit of volatility in rate pricing as the market comes down. ANZ moved a little earlier than others (prior to the RBA change this month).

 

Because I have loans with anz n cba and I don’t want to switch, and anz is 2.88 2 yr pi fixed n cba is 3.14 or 3.34 ( can’t remember )

 

Lender pricing appetite go through cycles - ANZ was very sharp several months ago and more recently it has been Westpac and St George. ANZ have started coming back this week with much better pricing.

ANZ's debt recycling isn't too bad but its not great either. They also have some funny niches with their products. That said thought they have some excellent policy niches and their servicing calculator has improved big time.

 

Agreed, however attentian to details and better management of accounts should make the tax side simple too

 

What do you mean by this @Shahin_Afarin