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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 this loan that suits you best

  • Loan: $5,000 $50,000

  • Loan: $5,000 $50,000

Interest rate from
12.45% p.a.
Comparison rate from*
13.32% p.a.based on $30,000
over 5 years
Upfront fee
$150
Go to site
Interest rate from
15.99% p.a.
Comparison rate from*
16.84% p.a.based on $30,000
over 5 years
Upfront fee
$150
Go to site

Mozo editorial review ANZ Unsecured Personal Loan

Last updated: 14 April 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 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.

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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 (16.84% comparison rate*)
  • Free extra repayments
  • $0 redraw fee
  • No fee for paying off the loan early

What you get with the fixed rate:

  • 12.45% interest rate (13.32% comparison rate*)
  • Set monthly repayments
  • Free extra repayments
  • Loan term up to 7 years


snapshot
Who is it good for

The ANZ unsecured 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 a holiday or updated kitchen - without having to worry about putting an asset like their house or car up as collateral. 

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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 6 June 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

  • 12.45% p.a. fixed

  • 13.32% 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

  • none

  • none

*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 6 June 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

  • 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

  • none

*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 8/10
    Look around before purchasing.

    Think there are better loan options out there.

    Read full review

    Think there are better loan options out there.

    Price
    7/10
    Features
    7/10
    Customer service
    7/10
    Convenience
    7/10
    Trust
    8/10
    Less
    Jeff, Queensland reviewed 6 months ago
  • Overall 10/10
    Fast, easy, and helpful.

    The loan process was fast, easy, and convenient and post-loan support has been great.

    Read full review

    The loan process was fast, easy, and convenient and post-loan support has been great.

    Price
    7/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Ace, New South Wales reviewed 7 months ago
  • Overall 10/10
    Great service!

    ANZ has great service!

    Read full review

    ANZ has great service!

    Price
    9/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Michelle, Victoria reviewed 7 months ago
  • Overall 7/10
    Average. Way better options elsewhere

    It's pretty expensive. You have to pay loan interest and a loan administration fee of $60 every fortnight. It was super easy to get but I guess you pay for it in the long run.

    Read full review

    It's pretty expensive. You have to pay loan interest and a loan administration fee of $60 every fortnight. It was super easy to get but I guess you pay for it in the long run.

    Price
    3/10
    Features
    0/10
    Customer service
    7/10
    Convenience
    8/10
    Trust
    9/10
    Less
    Nathan, Queensland reviewed 8 months ago
  • Overall 3/10
    Interest rates are not competitive.

    I like ANZ Bank but the interest rates are too high, I would love to find a lower one.

    Read full review

    I like ANZ Bank but the interest rates are too high, I would love to find a lower one.

    Price
    2/10
    Features
    3/10
    Customer service
    6/10
    Convenience
    8/10
    Trust
    8/10
    Less
    Biagio, Queensland reviewed over 1 year 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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