Why choose ANZ

Benefits

  • Flexible repayment options (Variable Rate only)
  • Flexibility to increase your loan amount
  • No exit fees for early repayments (Variable Rate only)

Drawbacks

  • Ongoing fees
  • Upfront administration fee
  • Moderately-high interest rate

ANZ Personal Loans

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Australian Credit Licence 234527Fees & charges apply

7.49%

up to 19.99%

8.18%

up to 20.58%

$601

$36,060

Personal Loan Variable
  • Cashback
  • 1 to 7 years
  • Unsecured
  • Variable Rate

Australian Credit Licence 234527Fees & charges apply

Australian Credit Licence 234527Fees & charges apply

7.49%

up to 19.99%

8.18%

up to 20.58%

$601

$36,060

Personal Loan Fixed
  • 1 to 7 years
  • Unsecured
  • Fixed Rate

Australian Credit Licence 234527Fees & charges apply

Personal Loans calculator

Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios.

$

Your estimated repayments

-

based on a $30,000 loan for 5 years at 7.49%

Total loan repayments

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Total interest charged

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Features of an ANZ personal loan

ANZ offers several personal loans, including a variable rate loan, fixed rate loan and overdrafts. Loan amounts range from $5000 to $50,000, and borrowers can choose a loan term between one and seven years. While there are no exit fees on the variable rate loan if you pay your loan off early, some ANZ personal loans come with ongoing fees and a one-off administration fee. In some circumstances, borrowers can increase their loan amount after approval.

Borrowers with existing ANZ everyday accounts may be eligible for same-day cash if the loan is approved in-branch.

ANZ personal loans can be used for different purposes including:

  • debt consolidation
  • buying a car
  • renovations and home improvement
  • travel and holidays
  • weddings and other occasions

ANZ personal loans – customer service

Borrowers wishing to apply for an ANZ personal loan can do so online, over the phone or through an extensive national network of branches. Customers can contact ANZ via email and online. Borrowers can also contact customer service via:

  • online banking
  • email
  • mobile app
  • phone, Monday to Friday, 8am to 8pm (AEST)

Who is eligible for an ANZ personal loan?

Borrowers must meet the following criteria to qualify for an ANZ personal loan:

  • be at least 18 years old  
  • earn a minimum of $15,000 per year
  • be an Australian citizen, permanent resident or have a valid visa
  • have a regular income
  • have a good credit rating
  • use the loan for personal use only

How to apply for an ANZ personal loan?

Applications for an ANZ personal loan can be completed online or in-branch. Applying online is simple, takes around 20 minutes to complete, and involves the following steps:

  • Select the ANZ personal loan you want to apply for.
  • Enter your income and expenses.
  • Do the sums on your loan and estimate your repayments.
  • Get the result of your application.

Once you’ve submitted your application, you’ll receive confirmation. If your application is successful, you’ll receive a letter of offer confirming your interest rate, amount and loan term before receiving the funds.

ANZ personal loans review

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.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.