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 loans compare with other options.

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Loan term

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Your estimated repayment

at interest rate 10.00 %

Total interest payable


Total amount payable


Pros and cons

  • Flexibility to increase your loan amount
  • No exit fees for early repayments (Variable Rate only)
  • Flexible repayment options (Variable Rate only)
  • Ongoing fees
  • Moderately-high interest rate
  • Upfront administration fee

ANZ personal loans rates

Advertised Rate
Comparison Rate*
Upfront Fee
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based on $30,000 loan amount for 5 years


Redraw facility
Extra repayments
Fully drawn advance
More details





based on $30,000 loan amount for 5 years


up to $500

Redraw facility
Extra repayments
Fully drawn advance
More details





based on $30,000 loan amount for 5 years


Redraw facility
Extra repayments
Fully drawn advance
More details

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.

Learn more about ANZ

Can you refinance a $5000 personal loan?

Much like home loans, many personal loans can be refinanced. This is where you replace your current personal loan with another personal loan, often from another lender and at a lower interest rate. Switching personal loans may let you enjoy more affordable repayments, or useful features and benefits.

If you have a $5000 personal loan as well as other debts, you may be able to use a debt consolidations personal loan to combine these debts into one, potentially saving you money and simplifying your repayments.

What is the average interest rate on personal loans for single parents?

Like other types of personal loans, the average interest rate for personal loans for single parents changes regularly, as lenders add, remove, and vary their loan offers. The interest rate you’ll receive may depend on a range of different factors, including your loan amount, loan term, security, income, and credit score.

How can I get a $3000 loan approved?

Responsible lenders don’t have guaranteed approval for personal loans and medium amount loans, as the lender will want to check that you can afford the loan repayments on your current income without ending up in financial hardship.

Having a good credit score can increase the likelihood of your personal loan application being approved. Bad credit borrowers who opt for a medium amount loan with no credit checks may need to prove they can afford the repayments on their current income. Centrelink payments may not count, so you should check with the lender prior to making an application.

Should I get a fixed or variable personal loan?

Fixed personal loans keep your interest rate the same for the full loan term, while interest rates on variable personal loans may be raised or lowered during your loan term.

A fixed rate personal loan keeps your repayments consistent, which can help keep your budgeting consistent. You won't have to worry about higher repayments if your rates were to rise. However, on a fixed loan you’ll also potentially miss out on more affordable repayments if variable rates were to fall.

What do single parents need for a personal loan application?

Much like applying for other personal loans, applying for personal loans for single parents will likely require the following:

  • Proof of identity
  • Proof of residence
  • Proof of income
  • Details of assets (e.g. car, home)
  • Details of liabilities (e.g. credit cards, other loans)
  • Loan amount
  • Loan term

Can single mothers get personal loans online?

Many lenders offer online applications for personal loans, which can be convenient for borrowers who have busy lives. If you’re not confident your personal loan application will be approved, you may want to consider contacting the lender by email, live chat, phone, or by visiting a branch, to discuss your situation before applying.

What is a personal loan?

A personal loan sits somewhere between a home loan and a credit card loan. Unlike with a credit card, you need to sign a formal contract to access a personal loan. However, the process is easier and faster than taking out a mortgage.

Loan sizes typically range from several hundred dollars to tens of thousands of dollars, while loan terms usually run from one to five years. Personal loans are generally used to consolidate debts, pay emergency bills or fund one-off expenses like holidays.

Can I repay a $3000 personal loan early?

If you receive a financial windfall (e.g. tax refund, inheritance, bonus), using some of this money to make extra repayments onto your personal loan or medium amount loan could help reduce the total interest you’re charged on your loan, or help clear your debt ahead of schedule.

Check your loan’s terms and conditions before paying extra onto your loan, as some lenders charge fees for making extra repayments, or early exit fees for clearing your debt ahead of the agreed term.

Can unemployed single parents get personal loans?

It can be more difficult for unemployed borrowers to successfully apply for a personal loan. Most lenders require borrowers to have a regular income available to cover the cost of loan repayments.

If you’re self-employed, or if less than half of your income comes from Centrelink, you may not be eligible for some personal loan options. Consider contacting the lender before applying.

What is a bad credit personal loan?

A bad credit personal loan is a personal loan designed for somebody with a bad credit history. This type of personal loan has higher interest rates than regular personal loans as well as higher fees.

How long does it take to get a student personal loan?

Completing an online personal loan application can often take anywhere from 10 minutes to 1 hour. Depending on your lender, processing your personal loan application may take anywhere between 1 and 24 hours. If your personal loan application is approved, you may receive the money in your bank account the following business day, or, in some cases, the same day.

How much can you borrow with a bad credit personal loan?

Borrowers who take out bad credit personal loans don’t just pay higher interest rates than on regular personal loans, they also get loaned less money. Each lender has its own policies and loan limits, but you’ll find it hard to get approved for a bad credit personal loan above $50,000.

Are there $2000 emergency loans?

If you’re having trouble being approved for a loan of less than $2000 and urgently need to purchase household essentials, there may be emergency loan options available to you.

For example, the No Interest Loans Scheme (NILS) allows low-income borrowers to take out interest-free loans of up to $1500 for essential goods and services.

For further assistance, consider contacting a financial counsellor, or calling the National Debt Helpline on 1300 007 007

What causes bad credit ratings/scores?

Failing to repay loans and bills will damage your credit score. So will falling behind on your repayments. Your credit score will also suffer if you apply for credit too often or have credit applications rejected.

What documentation is needed for a self-employed personal loan?

Personal loans may require a borrower to provide proof of identity, proof of residence, details of any other outstanding loans (including credit cards), details of assets they own (e.g. savings, car, property), and proof of income.

While borrowers in full-time or part-time employment can often provide payslips and similar documents to prove their income, self-employed borrowers may need to provide other documents, such as bank statements or tax returns, to demonstrate that their income can cover a loan’s repayments.