ANZ Personal Loan Rates & Reviews

ANZ Personal Loans as of April 2024

Lender	Advertised rate	Comparison rate*	Monthly repayment	Interest Type	Secured Type	Early Exit Fee	Ongoing Fee	Application Fee	Total Repayment	as ofApril 19, 2024

	7.49^%_p.a.	8.18^%_p.a.	^$622	Variable	Unsecured	^$0	^$10	^$150	N/A	More details
	Personal Loan Variable
Personal Loan Variable More details
	7.49^%_p.a.	8.18^%_p.a.	^$622	Fixed	Unsecured	^$300	^$10	^$150	N/A	More details
	Personal Loan Fixed
Personal Loan Fixed More details

Important Information and Comparison Rate Warning

All products with a link to a product provider’s website have a commercial marketing relationship between us and these providers. These products may appear prominently and first within the search tables regardless of their attributes and may include products marked as promoted, featured or sponsored. The link to a product provider’s website will allow you to get more information or apply for the product. By de-selecting “Show online partners only” additional non-commercialised products may be displayed and re-sorted at the top of the table. For more information on how we’ve selected these “Sponsored”, “Featured” and “Promoted” products, the products we compare, how we make money, and other important information about our service, please click here.

The comparison rates in this table are based on a loan of $30,000 and a term of 5 years unless indicated otherwise. The comparison rates are for unsecured personal loans only for the relevant amounts and terms. The comparison rates for car loans and secured personal loans are for secured loans unless indicated otherwise. 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. Comparison rates are not calculated for revolving credit products.

Monthly repayment figures are estimates only, exclude fees and are based on the advertised rate for the term and for the loan amount entered. Actual repayments will depend on your individual circumstances and interest rate changes. Rates correct as of April 19, 2024. View disclaimer

What personal loans are on offer at ANZ?

Personal loan products	Available at ANZ?
Fixed rate personal loan	✅
Variable rate personal loan	✅
Low credit personal loan	❎
Personal loan for cars	✅ (Unsecured)
Secured personal loan	❎

Personalised interest rates with ANZ

ANZ personal loans don’t have rates for specific products. Instead, there are lower and upper limits to the interest rate, and it is personalised for the individual customer. According to the ANZ website, stronger credit scores mean lower rates. If your credit history isn’t long enough, is weaker or you have made many applications over a short period of time, you could end up with a rate at the higher end of the range.

ANZ personal loan requirements

Non permanent residents

If you are a citizen or permanent resident of Australia, you shouldn’t have any problems applying for a personal loan with ANZ, providing your application is up to scratch. Those without permanent residency could still be eligible to apply for ANZ personal loans though. You need to have a valid visa, and verify your income. The following visas are acceptable:

Working visas including all subclasses of temporary visas that allow someone to work in Australia. This includes holders of skilled category visas, as well as some family category visas. However, if you hold a working holiday visa, you will be unable to take out a personal loan with ANZ.
Business visas including all temporary/provisional business visa subclasses that allow individuals to establish or manage a new or existing business in Australia, or invest. Typically, this includes business owner, senior executive or investor visas.

ANZ personal loan review

Cashback offers with ANZ personal loans

At the time of publication ANZ offers $500 cashback for customers who take out a new ANZ personal loan of more than $10,000, or increase their existing loan by this amount. This offer is limited to one per loan per customer in an 18 month period.

ANZ personal loan terms

ANZ have both fixed and variable rate personal loans available. Borrowers can access between $5,000 and $50,000 with an unsecured ANZ personal loan, with terms from 1-7 years. ANZ personal loans are always unsecured, and might be used for a car, debt consolidation or personal expenses like a holiday.

Applicants need to earn at least $15,000 per year, and could have to provide details about income, assets, expenses and other financial commitments.

ANZ personal loan fees

For ANZ personal loans, there is a $150 loan approval fee, then a $10 monthly fee debited every three months until the loan is closed. If a repayment isn’t made 5 days after the due date, a $20 late payment fee applies. Another $20 is charged each month until repayments are up to date.

If you pay off your fixed personal loan early, a $300 early repayment administration fee applies. Some products also incur early repayment costs for early or additional payments. For variable rate personal loans, there is no cost for extra repayments, nor for paying your loan back early.