ANZ Unsecured Personal Loan

10.99% p.a.

11.87% p.a.based on $30,000
over 5 years

$150

15.99% p.a.

16.84% p.a.based on $30,000
over 5 years

$150

ANZ Unsecured Personal Loan Review

Rates and fees information correct as at 22 August 2018.

Review published: 3 December 2012

What's hot:

  • Fixed and variable rate options

  • Borrow from $5,000 up to $50,000

What's not:

  • $10 per month loan administration fee, charged at the end of each quarter

Mozo snapshot:

Need to borrow some money for that Thai resort holiday, new Ducati or Vegas wedding and don't have property or assets to help put down as security? 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.

Key features:

The ANZ unsecured 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:

  • 15.99% interest rate
  • Free extra repayments
  • $0 redraw fee
  • No fee for paying off the loan early

What you get with the fixed rate:

  • 10.99% interest rate
  • Set monthly repayments
  • Loan term up to 7 years


Who it's good for:

Anyone who's in need of some cash to help them pay for something that they need now like a holiday or updated kitchen and pay it back overtime.

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. 

How are ANZ personal loans rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
7.1

Based on 453
ANZ personal loans reviews

6.4 6.5 7.4 7.6 7.3

Read ANZ personal loan reviews by the Mozo community

Latest reviews of ANZ Unsecured Personal Loan

ANZ

ANZ Unsecured Personal Loan (Fixed) personal loan review

Overall rating   4 / 10

Ok

Not enough staff. I always had to wait at least 20 minute's to pay monthly and fortnightly routine payments on loan and credit card.

Full review

Not enough staff. I always had to wait at least 20 minute's to pay monthly and fortnightly routine payments on loan and credit card.

    Price   -1 / 10

    Features   5 / 10

    Customer service   1 / 10

    Convenience   7 / 10

    Trust   4 / 10

Less

Delia (SA), reviewed 6 months ago

ANZ

ANZ Unsecured Personal Loan (Fixed) personal loan review

Overall rating   10 / 10

Great

Really good.

Full review

Really good.

    Price   10 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Ian (NSW), reviewed 6 months ago

ANZ

ANZ Unsecured Personal Loan (Fixed) personal loan review

Overall rating   7 / 10

Good bank

ANZ have been good to me. The customer service is good and they have lots of ATM around the place.

Full review

ANZ have been good to me. The customer service is good and they have lots of ATM around the place.

    Price   6 / 10

    Features   4 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   6 / 10

Less

April (VIC), reviewed 6 months ago

ANZ

ANZ Unsecured Personal Loan (Fixed) personal loan review

Overall rating   10 / 10

Product

Good product and service.

Full review

Good product and service.

    Price   8 / 10

    Features   10 / 10

    Customer service   9 / 10

    Convenience   10 / 10

    Trust   8 / 10

Less

Megan (WA), reviewed 8 months ago

ANZ

ANZ Unsecured Personal Loan (Fixed) personal loan review

Overall rating   10 / 10

They offer good customer service

Friendly staff and easy to go through the loan setup and approval.

Full review

Friendly staff and easy to go through the loan setup and approval.

    Price   7 / 10

    Features   / 10

    Customer service   / 10

    Convenience   / 10

    Trust   / 10

Less

Peter (NSW), reviewed about 1 year ago

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. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Currently showing

Rates

  • Fixed

  • 10.99% p.a. fixed

  • 11.87% p.a.based on $30,000
    over 5 years

Fees

  • $150.00

  • $10.00

  • $20.00

  • $300.00

  • $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

  • none

  • ANZ Loan Protection Insurance available.

Rates

  • Variable

  • 15.99% p.a.variable

  • 16.84% 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

  • none

  • ANZ Loan Protection Insurance available.

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.

*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.

Compare other personal loans
Advertisement