Rates and fees verified as correct at 13 April, 2021. Other information correct at the time of writing. Advertiser disclosure.
| Product | Interest rate from | Comparison rate from | Upfront fee |
|---|---|---|---|
| Unsecured Personal Loan (Fixed) | 10.50% p.a. | 11.38% p.a.based on $30,000 | $150 |
| Unsecured Personal Loan (Variable) | 12.99% p.a. | 13.86% p.a.based on $30,000 | $150 |
No, ANZ does not currently offer secured car loans. However, customers can still take out an unsecured personal loan with ANZ to help them purchase a car. This kind of loan can be set at a fixed or variable interest rate. If you're looking for secured car loan options to help you purchase a new set of wheels then check out Mozo's secured car loan comparison table.
With an ANZ fixed personal loan, the interest rate will be set at an agreed rate and will stay at this rate until the end of the term that you’ve set the fixed loan at. With a variable rate, however, your interest rate can change throughout your loan term. There are pros and cons to each loan type. Find out which option might suit your car-buying needs better at Mozo’s fixed and variable personal loan hubs.
ANZ’s minimum loan amount sits at $5,000 and goes right up to the $50,000 mark giving you plenty of room to move.
Say you splashed out $30,000 on a zippy new ride, with financing from an ANZ unsecured loan on a 5-year term. Based on the comparison interest rate at the time of writing, your weekly repayments would be $161.25. Try a personalised calculation of your own using our car loan repayments calculator.
It’s up to you! ANZ arranges for loan repayments to fall on weekly, fortnightly or monthly dates. Having this flexibility means you can pick the week your salary goes in to make repayments even easier.
They vary from 1-7 years. Work out how much you can comfortably pay back in each payment period, as this will help you determine the term that will work for you.
Yes, with ANZ’s variable and fixed personal loans you are able to make additional repayments and pay off your car sooner. However, things get a little more complicated with the fixed rate option. You are free to make extra repayments of up to 5% of the loan value (or $5,000, whichever is less) without being charged a fee. If you pay out the full fixed rate loan earlier than the agreed-upon time, you will have to pay a $300 early payment administration fee and you may also be required to pay early repayment costs.
While the fixed rate loan doesn't offer redraws, ANZ’s variable rate personal loan does have a redraw facility so you can dip into extra repayments free of charge. But remember, the interest rate is higher on this more flexible loan option.
Like most lenders, ANZ may penalise you with a late fee. If you can’t meet your repayment obligations, the worst-case scenario would be that you default on the loan. Being on time instead will protect your credit record in the lead up to bigger loan applications, like when you get set up to buy your first home.
Simply scroll up to where you first started reading this page and click a blue “go to site” icon beside the loan name. Otherwise, visit ANZ online directly, at a branch or dial its customer service line.
Mozo users have rated ANZ car loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
241 Reviews
Not better or worse than others.
Read full reviewNot better or worse than others.
LessI really like that ANZ has branches and ATMs in many locations but recently they have been closing down a few that I use locally and I find it inconvenient. Their customer service is excellent both in store and over the phone and I cannot fault them for that. I feel ING has a better interest rate than ANZ and that’s partly why I gave them a lower score than possible
Read full reviewI really like that ANZ has branches and ATMs in many locations but recently they have been closing down a few that I use locally and I find it inconvenient. Their customer service is excellent both in store and over the phone and I cannot fault them for that. I feel ING has a better interest rate than ANZ and that’s partly why I gave them a lower score than possible
I have a car loan, but it doesn't show in internet banking and there is no visibility of any running balances. You need to call and ask them. The customer service is great and always helpful but the product itself hasn’t moved with the times.
Read full reviewI have a car loan, but it doesn't show in internet banking and there is no visibility of any running balances. You need to call and ask them. The customer service is great and always helpful but the product itself hasn’t moved with the times.
ANZ have been really good to deal with over the years that I have been with them, really convenient and nice people to talk to. I don't like it that they open late 9.30 some days. 8 o'clock would be a good time, maybe every second day.
Read full reviewANZ have been really good to deal with over the years that I have been with them, really convenient and nice people to talk to. I don't like it that they open late 9.30 some days. 8 o'clock would be a good time, maybe every second day.
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