Home » Banking & Finance » ANZ offers market-leading mortgage interest rate

The AustraANZ offers market-leading mortgage interest ratelia and New Zealand Banking Group Limited (ANZ) will offer a 2-year fixed mortgage rate of 12.5 percent per annum for any new drawdown from now until February 23, 2013.

Head of Retail Banking ANZ Vietnam Duong Duc Hung said, “ANZ always puts customers first. ANZ is the first foreign bank in the market to offer such a competitive mortgage interest rate which is fixed for as long as two years.”

“This is a unique offer amidst the market interest rate fluctuation over the last few years. ANZ customers will not only benefit from the low interest rate but also be able to plan their financials for the next 2 years,” he added.

The offer applies to all existing and new customers for any new drawdown over VND01 billion during the promotion period.

ANZ is offering the interest rates based on a reduction in loan balances for home loans, home investment loans, home construction loans and home equity loans.

With loan tenures of up to 20 years, customers can borrow up to 70 percent of the property value after a simple application process. Flexible interest rate periods of one, three, six or 24 months and options to redraw are available to help customers manage interest rate risks.

ANZ was among the first international banks to operate in Vietnam, establishing its first office in 1993. The bank now has 10 branches and transaction points in Vietnam, offering a full range of services including Retail Banking, Commercial Banking for small, medium and emerging businesses, as well as Institutional Banking.

In 2010, ANZ was voted “Excellence in Best Mortgage Business Award” in Asia by The Asian Banker magazine.


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