ANZ Personal Loans

ANZ provides personal loans as well as home loans, credit cards, superannuation and insurance.

Compare ANZ personal loans

The table below displays a snapshot of ANZ’s secured and unsecured personal loan products on Canstar’s database, sorted by Star Rating (highest to lowest). Please note the products and Star Ratings displayed are based on a loan amount of $20,000 for a three-year loan in NSW.

Compare Personal Loans

What personal loans does ANZ offer?

ANZ currently offers two personal loans at the time of writing:

1. ANZ variable rate loan

  • Has no exit fees if you repay the loan early
  • Gives you the flexibility to increase your loan amount

2. ANZ fixed rate loan

  • Has a lower interest and comparison rate
  • Enables your repayments to stay the same even if interest rates don’t

 

What can you use ANZ‘s personal loans for?

A personal loan with ANZ can be used for many important life events, such as:

  • Buying a car
  • Debt consolidation
  • Holidays
  • Home renovations
  • Weddings and more

Personal loans are a relatively straightforward way of borrowing money with a structured repayment program. A personal loan with ANZ could give you access to more money to pay for these major life events.

Check the personal loan product disclosure statement (PDS) from ANZ to see what you can and can’t take out a personal loan for.

Compare Personal Loans

ANZ FAQs

On both of ANZ’s personal loans, the minimum loan term is one year while the maximum is seven years.

There are a number of fees to be aware of when taking out a personal loan with ANZ, and they can vary based on whether you take out a fixed or variable loan.

For the variable loan:

  • Loan approval fee of $150 (one-off)
  • Loan administration charge of $10 per month, charged quarterly

For the fixed loan:

  • Loan approval fee of $150 (one-off)
  • Early repayment fee of $300
  • Loan administration charge of $10 per month, charged quarterly

See this article for look at the average fees currently charged by personal loan providers on the market (based on Canstar’s Personal Loans Star Ratings for November 2017) to see if ANZ’s fees are more or less what the average customer is paying.

Yes, both of ANZ’s personal loans require minimum monthly repayments, which you can see in the table of ANZ’s personal loan products above.

Applying for an ANZ personal loan is straightforward; you can do it online after visiting Canstar’s comparison tables. When applying for a personal loan with ANZ (or most providers in Australia for that matter), you generally need to meet the following criteria:

  • You must be 18 years or old
  • You must live in Australia
  • You must be an Australian or New Zealand citizen or a non-resident holding a Temporary Residency VISA
  • Hold a regular income of at least $15,000 per annum and have a good credit rating (see here for more info on how to get a good credit rating)
  • Show an ability to afford your loan repayments
  • Take out a loan of at least $5,000, based on ANZ’s minimum loan amount requirements

If done online, the application process can take as little as 10 minutes, provided you have everything on hand. You may need to provide documents and ID such as:

  • A current driver’s license
  • Details of your current and previous (if applicable) employer
  • Details of your income, assets, expenses and liabilities
  • Previous tax returns if you are self-employed

You may also require your current account number for ANZ if you’re an existing member.

In addition to personal loans, ANZ also offers a secured car loan. The table below displays a snapshot of ANZ’s car loan products, sorted by Star Rating (highest to lowest). The results shown are based on a 5-year loan for $20,000 in NSW.

Compare Car Loans

ANZ has a long history, founded in 1835 in London and Sydney as the Bank of Australasia and moving into Melbourne in 1838. As one of the Big 4 Banks in Australia, ANZ is the largest banking group in the Pacific and New Zealand region, and is ranked among the top 50 banks in the world.

ANZ supports the Australian community through initiatives such as the GIVE program, which stands for ANZ’s activities in Giving, Investing, Volunteering, and Emergency Relief, and funding worthy causes through three types of community grants.

ANZ Fixed Rate Personal Loan-Unsecured

Canstar Research
Rating:
Award: Personal Loans 2-Star Rating

$20,000

New South Wales

2017 Star Ratings Report

Written by: William Jolly | Last updated: