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ANZ Unsecured Personal Loan

Advertiser disclosure

The details shown below are for a fixed loan between $5,000 and $50,000

The details shown below are for a variable loan between $5,000 and $50,000

Choose the version of this loan that suits you best

  • Loan: $5,000 $50,000

  • Loan: $5,000 $50,000

Interest rate from
10.50% p.a.
Comparison rate from
11.38% p.a.based on $30,000
over 5 years
Upfront fee
$150
Go to site
Interest rate from
12.99% p.a.
Comparison rate from
13.86% p.a.based on $30,000
over 5 years
Upfront fee
$150
Go to site

Mozo editorial review ANZ Unsecured Personal Loan

Last updated: 2 October 2020.

binocular icon
What's hot
  • Fixed and variable rate options
  • Borrow from $5,000 up to $50,000
  • Choice of 1 to 7 year loans
What's not
  • $10 service fee
Mozo snapshot

Need to borrow some money for a home renovation or DIY do-up? You've got two options with an unsecured personal loan from ANZ - either opt for a variable or a fixed interest rate. On top of the interest rate, there's an ongoing fee which will add to your costs so try to pay off the loan in the least amount of time as possible for your budget.

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Key features

The ANZ Personal Loan gives you the choice of a variable or fixed interest rate. What's better will really depend on your money management comfort level. Do you just want to pay a fixed amount each month and be done, or do you want more flexibility so that you can pay off your loan faster and save on interest costs?

Both loans have a $5000 minimum loan amount and $50,000 maximum loan amount and give you the option to choose your repayment term from 1 - 7 years. 

What you get with the variable rate option:

  • 12.99% interest rate (13.86% comparison rate*)
  • Free extra repayments
  • $0 redraw fee
  • No fee for paying off the loan early

What you get with the fixed rate:

  • 10.50% interest rate (11.38% comparison rate*)
  • Set monthly repayments
  • Loan term up to 7 years


Just keep in mind that these offers are only available to new customers who apply and are approved on or before 2 December 2020. 
snapshot
Who is it good for

The ANZ Personal Loan is a good choice for anyone looking to borrow some cash to help them pay for something that they need now or very soon - like an updated kitchen or outstanding medical bill - without having to worry about putting an asset like their house or car up as collateral. 

snapshot
Any catches

Keep in mind, with the fixed interest rate version, there's no redraw facility available. So once you've made those extra repayments, they are locked into the loan for good. With the fixed rate loan, if you pay off your loan early, you'll also have to factor in a $300 admin fee and other potential early repayment costs.

Details

Rates and fees information correct as at 1 November 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Fixed

  • 10.50% p.a. fixed

  • 11.38% p.a.based on $30,000
    over 5 years

Fees
  • $150.00

  • $10.00

  • $20.00

  • $0.00

  • $300 admin fee. You may also incur early repayment costs.

Other financial bits
  • $5,000.00

  • $50,000.00

  • 1 Year

  • 7 Years

  • Unsecured

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • no

  • Special offer available for applications approved and drawn down by 2 December 2020.

  • none

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.

Details

Rates and fees information correct as at 1 November 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Variable

  • 12.99% p.a.variable

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

Fees
  • $150.00

  • $10.00

  • $20.00

  • $0.00

  • $0.00

Other financial bits
  • $5,000.00

  • $50,000.00

  • 1 Year

  • 7 Years

  • Unsecured

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • yes

  • Special offer available for applications approved and drawn down by 2 December 2020.

  • none

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.

Customer Reviews

How are ANZ personal loans rated by the Mozo community?

Overall
6.8/10
Price
6.2/10
Features
6.0/10
Customer service
7.2/10
Convenience
7.6/10
Trust
7.0/10

Latest reviews of ANZ Unsecured Personal Loan

  • Overall 10/10
    Awesome bank to get your loans.

    Awesome customer service when I applied for my loan. Really responsive and upfront about everything and always answering questions thoroughly and comprehensive with knowledge.

    Read full review

    Awesome customer service when I applied for my loan. Really responsive and upfront about everything and always answering questions thoroughly and comprehensive with knowledge.

    Price
    10/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Jayden, Queensland reviewed 5 days ago
  • 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 about 1 month ago
  • 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 about 1 month ago
  • 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 2 months ago
  • Overall 7/10
    Not so good interest rate

    I took out a personal loan with ANZ and after a while i noticed the loan wasn't coming down too much so I re-applied for a lower interest rate loan which i am glad to do because now i can actually see the loan coming down. But unfortunately i stupidly did a fixed interest rate so now that the interest rates have plummeted i am regretting not going for the variable rate.

    Read full review

    I took out a personal loan with ANZ and after a while i noticed the loan wasn't coming down too much so I re-applied for a lower interest rate loan which i am glad to do because now i can actually see the loan coming down. But unfortunately i stupidly did a fixed interest rate so now that the interest rates have plummeted i am regretting not going for the variable rate.

    Price
    5/10
    Features
    -1/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Margaret, South Australia reviewed 2 months ago
ANZ

About ANZ

ANZ is one of the largest companies in Australia and New Zealand, with a history that stretches back over 170 years. The bank offers a range of banking and financial products to more than 5.7 million retail customers, including home loans, credit cards and debit cards, personal loans, savings and banking accounts and personal insurance. And now, with its new mobile banking application, ANZ App, it's easier to do banking on the go.

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6.95% p.a.to 17.95% p.a.

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