based on 28391 ANZ product reviews as rated by Mozo community

ANZ personal loans

As one of the big four banks in Australia – and with a history dating back over 180 years – ANZ is a popular choice for Aussie borrowers.

If you decide to take out an unsecured personal loan through this major player, you’ll get your choice of either a fixed or variable rate. 

ANZ offers the following personal loans

Rates and fees verified as correct at 2 March 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Interest rate from Comparison rate from Upfront fee
Unsecured Personal Loan (Fixed)

7.49% p.a.to 19.99% p.a.

8.18% p.a.to 20.58% p.a.based on $30,000
over 5 years

$0.00

Unsecured Personal Loan (Variable)

7.49% p.a.to 19.99% p.a.

8.18% p.a.to 20.58% p.a.based on $30,000
over 5 years

$0.00

What personal loans does ANZ offer?

Fixed Rate Personal Loans

Do you like repayment consistency? Then a personal loan with a fixed interest rate could be a good choice for you. ANZ’s fixed rate option is available with its unsecured personal loan, which allows you to borrow between $5,000 and $50,000 over a term of 1-7 years. The fixed rate loan comes with a range of flexible features like your choice of repayments either weekly, fortnightly or monthly and an extra repayments facility. 

But keep in mind no redraw facility is available with the fixed rate option. While you’ll benefit from always knowing what your repayments will be, if you try to pay off your loan early by making additional payments you’ll incur an early repayment penalty (otherwise known as a breakcost fee). Other fees that you’ll need to budget for include an upfront fee when you apply for the loan and a small ongoing fee that is charged each month over the term of the loan.

Variable Rate Personal Loans

Are you on the hunt for a personal loan that provides you with a bit of wiggle room in the form of flexible features? Then your best bet may just be the variable rate option offered by ANZ with its unsecured personal loan. You can set up your repayments to suit your payday with weekly, fortnightly and monthly repayments available, can pump extra into your loan thanks to the extra repayments facility and can dip into those additional payments through the redraw facility. Yep, that’s what we call flexible! 

Just like the fixed rate option you’ll also have the choice of selecting a personal loan amount between $5,000-$50,000 with a loan period between 1-7 years. If you do decide to go for the variable rate option from ANZ, don’t forget to budget for the application fee and ongoing service fee and keep in mind if you pay out the loan in the first year an early repayment fee may apply.

Car Loans

While ANZ does not currently offer a specific car loan – that being a loan secured using a vehicle – customers can still take out an unsecured personal loan with ANZ to help them purchase a car. As mentioned, this kind of loan can be set at a fixed or variable interest rate.

ANZ personal loan features at a glance

  • Repayment flexibility: All of ANZ’s personal loans allow you to choose when you will repay your loan e.g weekly, fortnightly or monthly. This is a good feature when you consider some personal loans only allow you to set up your repayments monthly.
  • Extra repayments facility: Whether you go for a fixed or variable rate ANZ loan you’ll have the flexibility to make additional payments on your loan, which will help you pay down your loan sooner. But keep in mind early repayment fees may apply with the fixed rate loan option.
  • Redraw facility: ANZ's variable rate loans give you the freedom to draw upon any additional or lump sum payments you have made on your personal loan to pay for unexpected costs down the track.

How do you apply for an ANZ personal loan?

When you have decided on an ANZ loan that ticks the boxes for you, you can begin your application online by providing the major bank with the following details:

  1. Details of your income and any other financial commitments
  2. Driver’s licence
  3. If you’re already a current customer, your ANZ account number or Customer Registration Number

How are ANZ personal loans rated?

Mozo users have rated ANZ personal loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of personal-loans
ANZ personal loans
Overall
Price
Features
Customer service
Convenience
Trust

1202 Reviews

Recent ANZ personal loan reviews

ANZ Unsecured Personal Loan
Overall 8/10
Great

Easy to apply for personal loan and quick responses

Read full review

Easy to apply for personal loan and quick responses

Price
7/10
Features
8/10
Customer service
8/10
Convenience
8/10
Trust
9/10
Less
Teisha, Victoria, reviewed 4 months ago
ANZ Unsecured Personal Loan
Overall 8/10
Great understanding when constructing the loan

When In needed the they looked into my need and constructed the loan in great way for me. ANZ gave me a great deal better then my own bank

Read full review

When In needed the they looked into my need and constructed the loan in great way for me. ANZ gave me a great deal better then my own bank

Price
7/10
Features
5/10
Customer service
9/10
Convenience
10/10
Trust
10/10
Less
Rowan, Western Australia, reviewed 7 months ago
ANZ Personal Loan
Overall 7/10
rate

Really great rate for the loan

Read full review

Really great rate for the loan

Price
7/10
Features
7/10
Customer service
7/10
Convenience
7/10
Trust
7/10
Less
Ritansha, New South Wales, reviewed 7 months ago
ANZ Personal Loan
Overall 1/10
Will never Bank with ANZ again

We have been banking with ANZ for the last 20 years. We earlier had a loan on which we paid 95% and just a small amount is ongoing. We applied for Personal Loan just recently for Family reasons and they decline it saying they are not sure if we will pay this off. How ridiculous that statement is! We have been their loyal customer for more than 2 decades have never defaulted a single payment have excellent credit history (have no loans, no credit cards, no debts) and still ANZ think they cant trust us. I will never ever bank with them, this country and the systems here are so hopeless that they are just happy catering to those who wanna live on benefits forever. taxpayers have no value no respect.

Read full review

We have been banking with ANZ for the last 20 years. We earlier had a loan on which we paid 95% and just a small amount is ongoing. We applied for Personal Loan just recently for Family reasons and they decline it saying they are not sure if we will pay this off. How ridiculous that statement is! We have been their loyal customer for more than 2 decades have never defaulted a single payment have excellent credit history (have no loans, no credit cards, no debts) and still ANZ think they cant trust us. I will never ever bank with them, this country and the systems here are so hopeless that they are just happy catering to those who wanna live on benefits forever. taxpayers have no value no respect.

Price
8/10
Features
10/10
Customer service
3/10
Convenience
9/10
Trust
1/10
Less
Karuna, Victoria, reviewed 7 months ago
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