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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. But keep in mind that the rates and features below are only available to new customers who apply and are approved on or before 2 December 2020. 

ANZ offers the following personal loans

Rates and fees verified as correct at 26 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

Go to site
Unsecured Personal Loan (Variable)

12.99% p.a.

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

$150

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.

What personal loans do 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 are ANZ personal loan products rated?

Not sure if an ANZ personal loan is the right option for you? Get the lowdown from customers just like you by reading reviews of ANZ’s personal loans here.

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 loan 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
6.8/10
Price
Features
Customer service
Convenience
Trust
1171 reviews

Recent ANZ personal loan reviews

ANZ Personal Loan review
Overall 6/10
Great customer service. Happy with ANZ.

I like my bank but when having a personal loan with them there are no rewards for customers. In saying that ANZ are a great bank and customer service is the best!

Read full review

I like my bank but when having a personal loan with them there are no rewards for customers. In saying that ANZ are a great bank and customer service is the best!

Price
10/10
Features
1/10
Customer service
10/10
Convenience
10/10
Trust
6/10
Less
Shelley, Victoria reviewed 8 days ago
ANZ Unsecured Personal Loan review
Overall 5/10
Shop around.

Read the fine print. Make sure you get the best deal.

Read full review

Read the fine print. Make sure you get the best deal.

Price
5/10
Features
4/10
Customer service
4/10
Convenience
5/10
Trust
5/10
Less
Christine, New South Wales reviewed 27 days ago
ANZ Unsecured Personal Loan review
Overall 1/10
Useless.

900 credit score and ~20k in savings. I applied for my first loan with this company. It's been 2 weeks and I have yet to receive a response from the assessment team yet. When my friend applied with CNA it was done in 2 days. Don’t bother here.

Read full review

900 credit score and ~20k in savings. I applied for my first loan with this company. It's been 2 weeks and I have yet to receive a response from the assessment team yet. When my friend applied with CNA it was done in 2 days. Don’t bother here.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Alex, New South Wales reviewed 28 days ago
ANZ Unsecured Personal Loan review
Overall 5/10
There's better out there

Pros: Convenient and easy to apply online if you already hold an account. If you miss a payment they send you a text so you don't fall too far behind. Cons: Re-Payment times vary and the re-payments coming out keep very slowly creeping back until it's no longer after pay day but before it. You can message via online means but it's pointless as they will want you to call or pop into a branch.

Read full review

Pros: Convenient and easy to apply online if you already hold an account. If you miss a payment they send you a text so you don't fall too far behind. Cons: Re-Payment times vary and the re-payments coming out keep very slowly creeping back until it's no longer after pay day but before it. You can message via online means but it's pointless as they will want you to call or pop into a branch.

Price
6/10
Features
3/10
Customer service
3/10
Convenience
8/10
Trust
5/10
Less
Jason, Victoria reviewed about 1 month ago

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