ANZ Unsecured Personal Loan

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 loan that suits you best

  • Loan: $5,000 $50,000

  • Loan: $5,000 $50,000

10.99% p.a.

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

$150

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

15.99% p.a.

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

$150

Mozo Review   ANZ Unsecured Personal Loan Review

Last updated: 20 November 2017.

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. 

Details

Rates and fees information correct as at 18 October 2018.

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.

*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.

Details

Rates and fees information correct as at 18 October 2018.

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.

*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.

Customer Reviews

How are ANZ personal loans rated by the Mozo community?

Overall customer rating
6.9/10
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
    0/10
    Treated me like a criminal if payment was late

    Never again...NEVER NEVER AGAIN.

    Never again...NEVER NEVER AGAIN.

    Price
    5/10
    Features
    1/10
    Customer service
    3/10
    Convenience
    8/10
    Trust
    2/10

    Aneurin | Western Australia

    reviewed 1 day ago

  • Overall
    7/10
    Could be better

    Not the top of the line bank. But have had no complaints yet.

    Not the top of the line bank. But have had no complaints yet.

    Price
    4/10
    Features
    5/10
    Customer service
    5/10
    Convenience
    8/10
    Trust
    7/10

    Joelene | New South Wales

    reviewed 15 days ago

  • Overall
    4/10
    Ok

    Not enough staff. I always had to wait at least 20 minute's to pay monthly and fortnightly...

    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

    Delia | South Australia

    reviewed 8 months ago

  • Overall
    10/10
    Great

    Really good.

    Really good.

    Price
    10/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Ian | New South Wales

    reviewed 8 months ago

  • Overall
    7/10
    Good bank

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

    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

    April | Victoria

    reviewed 8 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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