Important disclosure
Personal Loan Variable
Cashback
For a Limited Time get $500 Cashback with an ANZ Personal Loan of $10k or overCashback offer available for a limited time on new loan applications of $10K or more. Limit of one $500 cashback payment per loan and per customer, credited within 120 days of loan drawdown . Click learn more for details. Eligibility criteria, T&Cs, fees and charges apply. Applications subject to ANZ’s credit assessment criteria.
Interest Rate
7.49%
p.a
up to 19.99%
Comparison Rate*
From
8.18%
p.a
up to 20.58%
RateCity says
“A personal loan from a major Australian bank that charges no early repayment fees.”
Calculate your repayments for this loan
Your estimated repayment
$995
based on $32,000 loan amount for 3 years at 7.49%
Pros and cons
For Personal Loan Variable
Benefits
- Lower than average application fees
- No early exit penalty
- Unlimited extra repayments
- Flexible repayment options
- No security required
- Can apply online
- Can apply in branch
- Use the loan for any worthwhile purpose
- Suitable for both new or used car
- Fast time to funding
Drawbacks
- Service fee charged
ANZ Rate Personal loan overview
For Personal Loan Variable
Details
Total repayments $35,829 | Interest rate type Variable |
Borrowing range $5k - $50k | Security type Unsecured |
Loan term 1 to 7 years | Secured by |
Loan type Is Fully Drawn Advance | Repayment frequency Weekly, Fortnightly, Monthly |
Target Market Determination Visit ANZ Banking Group Limited to view Target Market Determination. |
Features
Extra repayments Yes | Redraw facility redraw activation fee of $0 |
Instant approval | Time to funding N/A |
Fees
Upfront Fee $150 | Ongoing Fee $10 Monthly |
Missed Payment Penalty $20 | Early Exit Penalty Fee $0 |
Permitted Loan Purposes
New Car | Used Car |
Motorcycle | Boat |
Debt Consolidation | Renovation |
Holidays | Medical Bill |
Shares | Student Loan |
Wedding |
- Cashback For a Limited Time get $500 Cashback with an ANZ Personal Loan of $10k or overCashback offer available for a limited time on new loan applications of $10K or more. Limit of one $500 cashback payment per loan and per customer, credited within 120 days of loan drawdown . Click learn more for details. Eligibility criteria, T&Cs, fees and charges apply. Applications subject to ANZ’s credit assessment criteria.
Other Restrictions
The $10 monthly ongoing fee above is debited every three months until the loan is closed in ANZ system. The interest rate range shows the minimum and maximum interest rate that may be applicable. Your actual interest rate, if approved, will depend on the information in your credit report, including your credit score (or credit rating). We will confirm your interest rate in your letter of offer. Eligibility criteria, T&Cs, fees and charges apply. Applications subject to ANZ’s credit assessment criteria.
FAQs
How long are $3000 loans?
Medium amount loans can be repaid between 16 days and 2 years. Many personal loans have terms between 1 year and 5 years, though some are as short as 6 months while others last for 10 years.
Generally, the shorter a loan’s term, the more expensive your regular repayments may be, but the less total interest you’ll pay. Loans with longer terms mean more affordable repayments, but more interest charges over the full term.