ANZ car loans

ANZ's overall rating for car loans

(as rated by the Mozo community)

6.7 / 10

based on 237 reviews

Whether you bank with ANZ already or simply want a household name to help make those car dreams a reality, you’ve hit the right page! Check out the car loan options ANZ has to offer and read the frequently asked questions for more details below.

ANZ offers the following car loans

Product Interest rate from Comparison rate from* Upfront fee  

12.45% p.a.

13.32% p.a.based on $30,000
over 5 years


Go to site

15.99% p.a.

16.84% p.a.based on $30,000
over 5 years


Go to site

*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

ANZ car loan FAQs

If I choose the ANZ online only car loan, how will I benefit from its fixed rate?

You’ll know the exact rate ANZ will charge you in interest over the entire loan term. This means your repayments won’t be affected by rate fluctuations. On the downside, as with many fixed rate car loans in the market, there are early loan repayment fees attached to this loan.

What’s the benefit of having a secured ANZ car loan?

On a secured ANZ car loan you won’t be charged as much in interest compared to other ANZ personal loans, because the big bank can claim your car to recoup financial losses in the case of a loan default. Alternatively, you could pay a little more by opting for an unsecured loan.

How much can my car cost?

When it comes to ANZ secured car loans, loan minimums are a little higher than the norm at $7.5k. Feel free to apply for a bigger loan amount if you’re eligible though, as there’s no limit. Looking to borrow less?

What would an ANZ car loan repayment look like?

Say you splashed out on a $30k zippy new ride, thanks to an ANZ secured car loan with a 5 year term. Based on the comparison rate at the time of writing, your fortnightly repayments would be $278. Try a personalised calculation of your own using our car loan repayments calculator.

How frequently can I make ANZ car loan repayments?

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.

What do ANZ loan terms look like?

They vary from 1-7 years. Work out how much you can comfortably pay back each due date, as this will help you determine the term that will work for you.

Can I make extra loan repayments?

It’s best not to make additional loan repayments if you want to avoid fees, not to mention there are financial penalties involved for finalising your loan early with ANZ secured car loans.

What if I want to clear my car loan debt early?

As mentioned earlier, the ANZ secured car loan usually involves fees for early loan repayment. If you want more wiggle room try comparing the array of car loans listed at Mozo.

Does ANZ have a redraw facility?

Not with secured car loans. While on the other hand, ANZ’s variable rate personal loan does have a redraw facility to dip into extra repayments, the interest rate is higher.

Can I use the secured loan to help finance a used car?

Absolutely, so long as the car is under 7 years old and has a price tag of $7.5k or over.

What happens if I make a late repayment?

Like most lenders, ANZ may penalise you with a late fee. If you can’t meet your repayment obligations, 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 for a first home!

I’m in! How do I apply?

Simply scroll up to where you first started reading and click a blue “go to site” icon beside the car loan name. Otherwise, visit ANZ online directly, at a branch or dial its customer service line.

For a speedy application process, ensure you supply the following:

Once you’ve applied, expect to hear back from ANZ shortly on the outcome. Best of luck and enjoy your new or used ride!

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