7.2 / 10

based on 27348 reviews as rated by Mozo community

ANZ car loans

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. You can use these ANZ personal loans to help you reach the finish line in purchasing your ideal car. Read the frequently asked questions about these kinds of loans below for more details.

ANZ offers the following car loans

Rates and fees verified as correct at 31 October, 2020. 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
over 5 years

$150

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Unsecured Personal Loan (Variable)

12.99% p.a.

13.86% p.a.based on $30,000
over 5 years

$150

Go to site

WARNING: 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. 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

Does ANZ offer secured car loans?

This specific kind of loan is not currently available at ANZ. While a car loan secured using a vehicle isn’t available, 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 are looking for a loan secured using your newly purchased wheels, check out the secured car loan options on Mozo’s dedicated comparison table.

What's the difference between a fixed rate and variable rate car loan?

With an ANZ fixed personal loan, the interest rate will be set at an agreed level and stay there for whatever term you’ve set the fixed loan at. Variable rates can change throughout the period you’re paying off the loan. 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.

How much can my car cost to take advantage of this loan?

ANZ’s minimum loan amount sits around the industry standard $5,000 mark. Feel free to test-drive a few slick sets of wheels and apply for a bigger loan if you’re eligible, as you can access up to $50,000 through a loan with ANZ.

What would loan repayments through ANZ look like?

Say you splashed out on a $30,000 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 $170. Try a personalised calculation of your own using our car loan repayments calculator.

How frequently can I make ANZ 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 in each payment period, as this will help you determine the term that will work for you.

Can I make extra loan repayments?

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.

Does ANZ have a redraw facility?

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.

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, 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.

I’m in! How do I apply?

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.

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

  • Proof of ID such as your driver’s licence and/or passport number

  • Details of residency within Australia

  • A list of your assets and liabilities

  • Salary figures and employment details

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

How are ANZ car loans rated?

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.

Icon of car-loans
ANZ car loans
Overall
6.7/10
Price
Features
Customer service
Convenience
Trust

238 Reviews

Recent ANZ car loan reviews

ANZ Unsecured Personal Loan review
Overall 7/10
Nice people but open earlier every second day.

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 review

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.

Price
8/10
Features
7/10
Customer service
10/10
Convenience
8/10
Trust
10/10
Less
Caleb, Western Australia reviewed 2 months ago
ANZ Car Loan review
Overall 1/10
1 out of 10

They will not negotiate credit card interest rates as many other banks will.

Read full review

They will not negotiate credit card interest rates as many other banks will.

Price
2/10
Features
3/10
Customer service
2/10
Convenience
4/10
Trust
0/10
Less
Ben, Victoria reviewed 6 months ago
ANZ Car Loan review
Overall 6/10
Good customer service.

Staff are always helpful.

Read full review

Staff are always helpful.

Price
7/10
Features
6/10
Customer service
8/10
Convenience
7/10
Trust
5/10
Less
Kara, Queensland reviewed 8 months ago
ANZ Car Loan review
Overall 5/10
Ok.

Ok, could be better.

Read full review

Ok, could be better.

Price
6/10
Features
5/10
Customer service
6/10
Convenience
3/10
Trust
6/10
Less
Jasmin, New South Wales reviewed 11 months ago

Car loan quick links