Debt to Income

Effective 21^st October, ANZ will introduce Debt to Income (DTI) policy for the purpose of identifying customers that are highly leveraged.
An indictive unverified DTI figure will be auto calculated and visible in both ApplyOnline and LoanApp.

Debt to income ratios are used to identify highly leveraged customers. A customer with a high DTI has a lower proportion of disposable income as a large proportion is committed to servicing debt obligations. This makes a high DTI customer more vulnerable to adverse changes in circumstances or loan conditions.
Applications where total application debt is greater than 9 times annual gross verified income will no longer be acceptable to ANZ for mortgage purposes.

Inflight:

• For new applications submitted prior to the 21^st of October but not yet assessed, old policy applies.
• For new applications submitted on or after the 21^st of October the new policy will be applied.
• For applications in AST/AIP/deferred prior to the 21^st of October, and the customer is seeking an Increase or Credit Critical changes, the new policy will apply.
• For applications in AST/AIP/deferred prior to the 21^st of October, and the customers are satisfying outstanding conditions, the previous policy will apply.
• If an application is declined or has expired and is resubmitted on or after the 21^st of October, the new policy will apply.

More information:

• Refer to Mortgage Credit Requirements
• FAQs
• contact your ANZ BDM