Australian and New Zealand Banking Group Personal Loans

ANZ began as the Bank of Australiasia in Sydney in 1835. It has since evolved to become one of Australia’s Big Four banks and operates in more than 30 global markets, with thousands of ATMs and branches.

ANZ has a strong retail offering, with home loans, savings and transaction accounts, wealth planning services, an institutional banking arm and insurance products. It also has a range of car loans and personal loans.

Features of an ANZ personal loan

ANZ has several personal loans, including a variable rate loan, fixed rate loan, secured car loan and overdrafts. Borrowers can apply for loan amounts between $5000 and $50,000 over terms of between one and seven years. Borrowers can also pay off the loan early without exit fees, if they have capacity. However, keep in mind ANZ personal loans come with ongoing fees and a one off administration fee upon joining.

The income threshold for these loans are fairly low and borrowers can increase their loan amount after approval in some circumstances.

What RateCity says

ANZ’s range of personal loans are likely to appeal to many borrowers, given the flexible repayment conditions, variety of loan amounts and purposes and low income threshold. Although they don’t come with penalties for early repayment, there are several fees associated with the loans, including a small ongoing fee and a moderate loan application fee.

The interest rate for standard loans ranges from moderate to moderately high. ANZ takes a number of factors into account when determining borrowers’ interest rates and potential borrowers should be aware that the actual rate is not confirmed until the letter of offer.

Personal Loans from Australian and New Zealand Banking Group

Advertised Rate
Comparison Rate
Monthly Repayment
Go To Site
  • Available for a variety of purposes.
  • Flexible repayment options.
  • Branch access.
  • Ongoing fees.
  • Moderately-high interest rate.
Customer Service
  • Customer service centre (phone)
  • Mobile app
  • Online banking
  • Email
  • Live Chat
  • Branch
  • Mobile banking staff
Applying and Eligibility

Prospective borrowers can apply for an ANZ personal loan online, at a branch or by calling 1300 739 124 Monday to Friday, between 8am and 8pm. The approval process varies based on the borrower’s financial situation. General criteria for an ANZ personal loan include, but are not limited, to the following:

  • Borrowers must be 18 years of age or older.
  • Must be an Australian citizen, a permanent resident of Australia or have a valid work visa.
  • Borrowers must earn a minimum of $15,000 per year.
  • Same day cash borrowers must have an existing ANZ everyday bank account.
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