ANZ personal loans

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.

Mark Bristow

Personal Finance Editor

Content updated

28 May, 2025

Product data updated

02 Jul, 2025

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

Personal Loans calculator

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

Your estimated repayments

Total interest

Total repayments

Compare personal loans

This is an estimate of how much you would pay (weekly/fortnightly/monthly) based on your borrowing amount, interest rate and loan term.
Calculations assume that details entered into calculator, including interest rates, do not change for the lifetime of the loan.
Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly or monthly.
Months are assumed to be of equal length. However, given that some months are longer than others, interest charged by vary depending upon the month.
The calculation rounds of the personal loan repayment to the closest dollar value without decimals.

All calculations are estimates only; there are no guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
Your final mortgage repayments or borrowing amount will depend on your lender’s eligibility criteria among other factors.
Calculator does not include the cost of fees or other extra charges.
Calculator does not account for changes to interest rates over time.
This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances. Read our full disclaimer.

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 $5,000 to $75,000, 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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About our expert

Mark Bristow

Personal Finance Editor

Mark Bristow is RateCity's Senior Finance Content Producer, and an experienced analyst, researcher, and producer. While primarily focused on Australian mortgage and home loan expertise, he has experience across energy, home and travel insurances. Mark has been a journalist and writer in the financial space for over ten years, previously researching and writing commercial real estate at CoreLogic. In the years since, Mark has worked for the Winning Group, Expedia, and has seen articles published at Lifehacker and Business Insider. Mark has also completed RG 146 (Tier 1), making him compliant to provide general advice for general insurance products like car, home, travel and health insurance, as well as giving him knowledge of investment options such as shares, derivatives, futures, managed investments, currencies and commodities.

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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.

ANZ personal loans

Why choose ANZ

Benefits

Drawbacks

ANZ Personal Loans

Personal Loans calculator