7.2 / 10

based on 27507 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 23 January, 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
over 5 years

$150

Unsecured Personal Loan (Variable)

12.99% p.a.

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

$150

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.

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

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
6.8/10
Price
Features
Customer service
Convenience
Trust

1181 Reviews

Recent ANZ personal loan reviews

ANZ Unsecured Personal Loan review
Overall 3/10
Does not reward loyalty

Over 20 years with this bank and the first time I need help and apply for a loan with them, it takes 4 weeks, 20 emails, multiple requests for multiple documents from multiple call centre workers and I still don’t have an answer. Spoke to 7 different people on the phone regarding my application- massive communication break down due to language barrier. I had to explain where on my payslip to find the YTD information, what constitutes as over time and explain that having time off work during Covid in quarantine did not mean I was unemployed. I lost points on my credit rating on a bank that does not reward loyalty. I am in the process of closing my accounts and moving banks.

Read full review

Over 20 years with this bank and the first time I need help and apply for a loan with them, it takes 4 weeks, 20 emails, multiple requests for multiple documents from multiple call centre workers and I still don’t have an answer. Spoke to 7 different people on the phone regarding my application- massive communication break down due to language barrier. I had to explain where on my payslip to find the YTD information, what constitutes as over time and explain that having time off work during Covid in quarantine did not mean I was unemployed. I lost points on my credit rating on a bank that does not reward loyalty. I am in the process of closing my accounts and moving banks.

Price
4/10
Features
2/10
Customer service
4/10
Convenience
3/10
Trust
3/10
Less
Sara, Queensland, reviewed about 17 hours ago
ANZ Unsecured Personal Loan review
Overall 7/10
Great!

I love my Bank.

Read full review

I love my Bank.

Price
8/10
Features
6/10
Customer service
8/10
Convenience
8/10
Trust
8/10
Less
Rachael, Western Australia, reviewed 3 days ago
ANZ Personal Loan review
Overall 10/10
A great bank

My bank is the best. Great communication, great service, call backs if needed and I wouldn't go anywhere else.

Read full review

My bank is the best. Great communication, great service, call backs if needed and I wouldn't go anywhere else.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Stephen, Queensland, reviewed 8 days ago
ANZ Unsecured Personal Loan review
Overall 3/10
Disappointing customer service, nil loyalty.

As a pensioner I went to discuss a personal loan. Over many years I have had several ANZ loans. All these loans were paid out prior to the due date. No problems. I have no other debts owing no-one or nothing. I was told that I could not access a loan. The whole process went for over an hour, customer service was non-existent. ANZ has over the years made incredible mistakes with my credit cards (when I had them) in which they admitted liability and offered me sums of monies as a 'good will' action. Very disappointing overall.

Read full review

As a pensioner I went to discuss a personal loan. Over many years I have had several ANZ loans. All these loans were paid out prior to the due date. No problems. I have no other debts owing no-one or nothing. I was told that I could not access a loan. The whole process went for over an hour, customer service was non-existent. ANZ has over the years made incredible mistakes with my credit cards (when I had them) in which they admitted liability and offered me sums of monies as a 'good will' action. Very disappointing overall.

Price
3/10
Features
3/10
Customer service
3/10
Convenience
8/10
Trust
3/10
Less
Roberta, New South Wales, reviewed about 1 month ago

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