ANZ Commercial

Residential Loans

Personal Loans

Upfront will be paid on line of credit products including, ANZ Line of Credit and ANZ Portfolio Loan calculated based on 75% of the approved facility limit.

In the case of a loan product that is a refinance of an existing ANZ loan that was previously introduced by a broker, upfront will be based on the difference between the existing loan amount and the new increased loan amount, where it is an ANZ Home Loan; or 75% of the difference between the existing approved limit and the new increased approved limit where the loan product is an ANZ Line of Credit.

Upfront commissions are paid on Bridging loans with no end debt. Note they are also subject to clawback rules when loan is closed.

Any amounts held in an offset account are deducted from the loan balance each month, with trail calculated on the net loan balance.

Trail is calculated based on the average net balance during the month, although brokers should note that the Loan Balance in the monthly statements is the closing balance.

Trail will not be paid on loans that are in arrears for thirty (30) days or more.

Trail for Easy Start Loan is calculated on the daily balance less the daily balance of each ANZ Easy Start home and residential investment loan (Easy Start Loan), during the first 12 months from the date the Easy Start Loan is drawn down.

Trail will not be affected by a minor increase in lending under an existing loan product, regardless of whether the borrower applied for the increase through the bank direct or the broker who wrote the original loan. A minor increase in lending is where an increase is no greater than 33% of the original loan amount.

Where a loan increase is greater than 33% of the original loan amount and the application was introduced by the broker who originally wrote that loan, the broker’s entitlement to the trail fee will not be affected. If the request for the increase is made direct through the ANZ Bank, the broker will no longer be entitled to a trailer fee on the loan product.

Any other variations to a customer’s loan product (for example, product switches or principal reductions) will not affect the broker’s entitlement to a trailer fee.

Base Commission: ANZ will pay the broker a Base Commission on a loan product.

New Business means the loan products drawn down by a customer in a calendar month in respect of which the broker submitted the loan application to the bank.

Draw Down Adjustment means in respect of a loan product which is an ANZ home loan (excluding a construction loan), the sum of (a) the amount drawn down under the loan product is disbursed into a linked offset account for that loan product and (b) the amount of the redraw balance in respect of that loan product (provided that amount exceeds $1,000), each of these those amounts calculated as at the 10th day of the month immediately following the month during which that loan product was drawn down.

Loan Amount means in the case of a loan product which is a new loan (a) the amount drawn down by customers where the loan product is an ANZ home loan, less the draw down adjustment or 75% of the approved limit where the loan product is an ANZ Line of Credit. In the case of a loan product that is a refinance of an existing ANZ loan that has previously introduced by a broker (b) the difference between existing loan amount and the new increased loan amount where the loan product is an ANZ home loan, less the draw down adjustment or 75% of the difference between approved limit and the new increased loan approved limit where the loan product is a line of credit.

Loan Value Ratio: (a) in respect of a loan product which is an ANZ Home Loan, the amount of credit offered by the bank for that loan product or (b) in respect of a loan product which is an ANZ line of credit, the approved limit for that loan product, in each case divided by the value (as assessed by the ANZ Bank) of the property to which the loan product relates, with the result expressed as a percentage.

Utilization Commission: will be paid for each 12 months immediately following the month during which a loan product was drawn down.

Upfront will be calculated on the drawn amount of applicable loan, net of linked offset and/or redraw funds paid out of the principal and calculated of the 10th day of the month following settlement.

A monthly top up payment (Utilisation commission) will be paid on additional utilisation of those offset or redraw funds, based on the lowest offset and/or redraw balance for that month, for 12 months after settlement.

Where an offset account is linked to a loan product on a day which is after the 10th day of the month immediately following the month during which that loan product was drawn down, and before two months after the 10th day of the month immediately following the month which that loan product was drawn down, ANZ may recover a percentage of the upfront commission paid to the broker in respect of that loan product. ANZ will determine the amount to be recovered by recalculating the upfront commission to include the loan proceeds disbursed to the offset account as if they were disbursed at draw down of the loan product.