Your selected personal loans
ANZ Bank is one of Australia’s Big Four banks and provides personal finance products to more than 8.5 million customers. The company has a proud heritage dating back 196 years and operates in close to 30 markets globally, including across Asia, Europe, America and the Middle East.
ANZ offers two types of unsecured personal loans in the range of $5,000 to $50,000, fixed and variable. Both the ANZ Fixed Rate Loan and ANZ Variable Rate Loan can be used for a specific purpose, such as consolidating debt or a big purchase like buying a new or used car.
Competitive interest rates starting at 7.49% p.a.
Additional repayments allowed
Redraw any extra money paid, without additional costs
$150 approval fee (unless waived in special offer)
$10 monthly service fee
$20 late payment fee
ANZ’s Unsecured Personal Loan (Variable) is available to borrowers from $5,000 to $50,000 over terms of 1 to 7 years, and starts at 7.49% p.a. interest rate, up to 19.99% p.a. at the higher end.* The loan range is fairly standard, though some other personal loans allow for amounts below $5,000.
Your interest rate will be based on a number of factors, including your income, credit history, the personal finance information you provide and the bank’s assessment of your application.
Notably, the upfront loan approval fee of $150 can be waived (at the time of writing), but to be eligible for this waiver offer^, a customer must meet ANZ’s specific criteria which can be found on its website.
ANZ also allows you to make additional repayments on its variable rate loan without any extra cost, which is highly beneficial to a borrower in a position to pay their loan off faster. And if you need to, ANZ allows additional payments to be redrawn without penalty.
Overall this personal loan offers a competitive interest rate, relative to similar loans in the Mozo Database, is flexible and covers small loan needs of just a few thousand up to larger expenses of up to $50,000. It does however come with a $150 application fee (unless waived), a $10 monthly fee, as well as a $20 late payment fee, which all need to be considered.
*This equates to comparison rates of 8.18% p.a. to 20.58% p.a., based on $30,000 over 5 years.
^This deal also has a $250 cashback offer included. Please check the ANZ personal loans site for more.
Where to get it: Apply with ANZ online or in person at a branch.
Your selected personal loans
Prompt! Straight forward Information was easy to understand
My bank is not very easy to deal with! I am looking to change banks at some stage
It was super easy to apply for and was approved within 48 hours.
Difficult getting info on products
I decided to go with another bank for a unsecured personal loan as the commonwealth bank had some good perks being offered. I will never ever do this again not only was it extremely frustrating gathering all the correct documents again and again and again being conditionally approved to being rejected after alot effort and things were looking fine on my end. To get that rejection after all the stress and also making me feel like it's definitely going through to end up being rejected. I went onto to go back to my bank which I should have done fro. The beginning everything was smooth sailing quick and completed with all ticks in a matter of days. I love everything about anz it's always efficient and easy to navigate
Easy to apply for personal loan and quick responses
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
Really great rate for the loan
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.
I feel ANZ, is well known and well trusted. They are among the top in our country and that makes me feel secure in using their services.
In branch applicants can receive their money on the same day, provided all of ANZ’s criteria for the loan is met.
To be eligible for ANZ’s $150 Loan Approval Fee waiver and $250 cashback offer, a customer must:
(a) Apply for a new ANZ Personal Loan , or apply for an increase to their current ANZ Personal Loan.
(b) Apply between October 16 2024 and 31 January 2025.
(c) Draw down funds.
If a customer closes their ANZ Personal Loan account or nominated transaction account before the cashback payment is paid, they will be ineligible for the $250 cashback.
If you have a good credit score, a steady income and minimal debts and even some money saved, getting a $5,000 loan should be within your reach.
According to the Mozo personal loans calculator, a $15,000 with an interest rate of 10.35% p.a. paid over three years would cost you $436 per month.
The total interest paid on this loan would amount to $2,513.
There are a number of top personal loans on the market, including Mozo Experts Choice Awards winners, which are chosen based on their attractive interest rates, low fees and flexibility. Your decision of which is best for your needs, should factor in these important aspects of the loan.
* 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.
^See information about the Mozo Experts Choice Personal Loan Awards
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