ANZ’s range of personal loans may appeal to many borrowers, given the flexible repayment conditions. There are no penalties for early repayments on the Variable Rate, however fees apply for early repayments on the Fixed Rate. There are also additional fees associated with the loans, including a small ongoing fee and a moderate loan application fee. The interest rates as advertised for standard loans ranges from moderate to high.
Existing ANZ everyday account holders wanting to access cash quickly may be eligible for same-day funds if the loan is approved in branch before midday, Monday to Friday.
When it comes to accessing additional funds, in some cases, borrowers may redraw additional loan repayments, and depending on the circumstances, you could apply to increase your loan amount after approval.