ANZ began as the Bank of Australasia 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 personal loans, car loans, home loans, savings and transaction accounts, wealth planning services, an institutional banking arm and insurance products.

ANZ personal loan repayment calculator

Thinking about taking out a personal loan with ANZ? Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how ANZ personal loan compare with various products.

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ANZ 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.

Features of an ANZ personal loan

ANZ offers several personal loans, including a variable rate loan, fixed rate loan, secured car 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 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 a range of 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 annum   
  • 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 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 note that the actual rate is not confirmed until after application.

Existing ANZ everyday account holders wanting to access quick cash 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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