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 type | Name | Min loan amount | Max loan amount | |
|---|---|---|---|---|
| | Fixed | Unsecured Personal Loan (Fixed) | $5,000 | $50,000 |
| | Variable | Unsecured Personal Loan (Variable) | $5,000 | $50,000 |
Loan: $5,000 $50,000
Loan: $5,000 $50,000
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.
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 new customers get with the variable rate option:
What new customers get with the fixed rate:
Another cool perk is that eligible customers who take out a new ANZ Personal Loan of $10,000 or more by 28 February 2022 could score up to $500 cashback (be sure to check the full terms and conditions). |
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.
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.
| Fixed | |
| 8.99% p.a. fixed | |
| 9.88% p.a.based on $30,000 |
| $150.00 | |
| $10.00 | |
| $20.00 | |
| $0.00 | |
| $300 admin fee. You may also incur early repayment costs. |
| $5,000.00 | |
| $50,000.00 | |
| 1 Year | |
| 7 Years | |
| Unsecured |
| Weekly, Fortnightly, Monthly | |
| yes | |
| no | |
| Receive $500 cashback with a new ANZ Personal Loan of $10,000 or more for applications by 28 February 2022. | |
| 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.
| Variable | |
| 10.50% p.a.variable | |
| 11.38% p.a.based on $30,000 |
| $150.00 | |
| $10.00 | |
| $20.00 | |
| $0.00 | |
| $0.00 |
| $5,000.00 | |
| $50,000.00 | |
| 1 Year | |
| 7 Years | |
| Unsecured |
| Weekly, Fortnightly, Monthly | |
| yes | |
| yes | |
| Receive $500 cashback with a new ANZ Personal Loan of $10,000 or more for applications by 28 February 2022. | |
| 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.
Do not use this bank, applied for a personal loan, they advertise simple and easy, what a joke, supplied documentation to them, looks like I was dealing with idiots overseas as most of my correspondence was online due to work commitments. Instead of looking over the application and telling me what they wanted me to supply first go instead of coming back in drubs and drabs asking for information, I supply it and they tell me they didn’t receive it, but I have proof it went through but anyway. Not reading emails properly or even knowing what they are asking for when it’s right in front of them. At one point some one in their assessing team sent an email and said application was not successful. Next day I get an email from them saying we need more information??? I said you knocked the application back and the guys says oh no we haven’t finished processing it?? I then emailed them what they said and they apologised for confusion, but still going back and forth. Not well trained staff, either I ended up pulling the application and went to another bank and got the loan in 24 hours. Do not waste your time and energy!
Read full reviewDo not use this bank, applied for a personal loan, they advertise simple and easy, what a joke, supplied documentation to them, looks like I was dealing with idiots overseas as most of my correspondence was online due to work commitments. Instead of looking over the application and telling me what they wanted me to supply first go instead of coming back in drubs and drabs asking for information, I supply it and they tell me they didn’t receive it, but I have proof it went through but anyway. Not reading emails properly or even knowing what they are asking for when it’s right in front of them. At one point some one in their assessing team sent an email and said application was not successful. Next day I get an email from them saying we need more information??? I said you knocked the application back and the guys says oh no we haven’t finished processing it?? I then emailed them what they said and they apologised for confusion, but still going back and forth. Not well trained staff, either I ended up pulling the application and went to another bank and got the loan in 24 hours. Do not waste your time and energy!
I am a loyal and very long term ANZ customer and have a good credit rating and yet I could not get a lower percentage rate on my loan. There are many banks offering low rates, but this did not sway ANZ in offering a comparable rate. I went with them as it was harder to get a loan with a new bank that I had not banked with. Great service from local staff but gone is the day when the branch manager had the final say and knew there regular loyal customers.
Read full reviewI am a loyal and very long term ANZ customer and have a good credit rating and yet I could not get a lower percentage rate on my loan. There are many banks offering low rates, but this did not sway ANZ in offering a comparable rate. I went with them as it was harder to get a loan with a new bank that I had not banked with. Great service from local staff but gone is the day when the branch manager had the final say and knew there regular loyal customers.
During COVID ruined my business. They say hard ship but charge interest that need to be paid the day it ends so really it’s not hardship. Every other bank paused interest during pandemic but not ANZ. All interest accumulation due the day off hard ship even though only have three months even though the pandemic has been going 1.5 years. Never missed a payment and now bank in collection with out any income.
Read full reviewDuring COVID ruined my business. They say hard ship but charge interest that need to be paid the day it ends so really it’s not hardship. Every other bank paused interest during pandemic but not ANZ. All interest accumulation due the day off hard ship even though only have three months even though the pandemic has been going 1.5 years. Never missed a payment and now bank in collection with out any income.
Probably no worse than the other of the Big 4 banks, but I recall at Christmas maybe 4-5 years and needed just a very small help. Resolved to leave ASAP and use a Community Bank.
Read full reviewProbably no worse than the other of the Big 4 banks, but I recall at Christmas maybe 4-5 years and needed just a very small help. Resolved to leave ASAP and use a Community Bank.
Only wanted a few dollars for a week to pay bond changing house told me I would have to borrow 5,000 so went with that all the drama never had this before never do it again and they didn’t give me any respect been with them for years. I never even received an answer if I was accepted very very poor.
Read full reviewOnly wanted a few dollars for a week to pay bond changing house told me I would have to borrow 5,000 so went with that all the drama never had this before never do it again and they didn’t give me any respect been with them for years. I never even received an answer if I was accepted very very poor.
OurMoneyMarket
Low Rate Personal Loan
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6.07% p.a.to 8.84% p.a.based on $30,000
over 5 years
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NOW Finance
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5.95% p.a.to 17.95% p.a.
5.95% p.a.to 17.95% p.a.based on $30,000
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Unsecured Personal Loan
6.49% p.a.to 20.95% p.a.
6.49% p.a.to 20.95% p.a.based on $30,000
over 5 years
Harmoney
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5.35% p.a.to 19.09% p.a.
6.14% p.a.to 19.99% p.a.based on $30,000
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5.44% p.a.to 10.56% p.a.based on $30,000
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Secured Car Loan
4.74% p.a.to 16.01% p.a.
5.01% p.a.to 16.95% p.a.based on $30,000
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Latitude
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5.99% p.a.to 24.99% p.a.
7.32% p.a.to 26.22% p.a.based on $30,000
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Plenti
Used Car Loan (Fixed)
5.29% p.a.to 9.99% p.a.
5.84% p.a.to 10.56% p.a.based on $30,000
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Great Southern Bank
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6.79% p.a.
7.16% p.a.based on $30,000
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OurMoneyMarket
Low Rate Personal Loan
5.45% p.a.to 8.48% p.a.
6.07% p.a.to 8.84% p.a.based on $30,000
over 5 years
Symple Loans
Personal Loan
5.75% p.a.to 25.99% p.a.
6.47% p.a.to 29.2% p.a.based on $30,000
over 5 years
Harmoney
Unsecured Personal Loan
5.35% p.a.to 19.09% p.a.
6.14% p.a.to 19.99% p.a.based on $30,000
over 5 years
NOW Finance
Unsecured Personal Loan
5.95% p.a.to 17.95% p.a.
5.95% p.a.to 17.95% p.a.based on $30,000
over 5 years
Wisr
Unsecured Personal Loan
6.49% p.a.to 20.95% p.a.
6.49% p.a.to 20.95% p.a.based on $30,000
over 5 years
OurMoneyMarket
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8.49% p.a.to 11.19% p.a.
8.85% p.a.to 11.56% p.a.based on $30,000
over 5 years
NAB
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6.99% p.a.to 18.99% p.a.
7.91% p.a.to 19.83% p.a.based on $30,000
over 5 years
