ANZ Personal Loans
Borrow between $5,000 and $75,000 with fixed or variable rates from 7.49% p.a. Enjoy flexible terms, fast approval, and no collateral required.
ANZ offers personal loans with great flexibility, allowing you to borrow between $5,000 and $75,000 for almost any purpose. You can choose either a fixed or variable interest rate, with rates starting from 7.49% p.a., up to 19.99% p.a. Loan terms go from 1 to 7 years, making it easy to suit your budget and plans. No collateral is necessary, which can be reassuring for anyone looking to keep things simple.
Step-by-Step: How to Apply for an ANZ Personal Loan
- Decide on a fixed or variable loan and the required amount.
- Estimate your interest rate and borrowing power with ANZ’s calculator.
- Complete the online application, or book an appointment for joint or in-branch applications.
- Wait for approval and receive your personalised offer letter.
- Accept the offer and receive your funds, often on the same day if approved in-branch by midday.
Key Pros of ANZ Personal Loans
One big advantage is the flexible range—borrow from $5,000 up to $75,000, with loan terms that fit your needs. Rates are personalised based on your credit score, so good credit can get you a better deal.
Additionally, same-day cash is possible if you apply and get approved at a branch before noon on a weekday. There’s also no requirement for security, ensuring ease and quick processing.
Cons to Keep in Mind
Be aware that the personalised rate could fall at the higher end if your credit score isn’t strong. For fixed-rate loans, early repayment fees may apply, which could add costs if you pay your loan off early.
Monthly administration charges and a one-off approval fee may increase the overall loan cost, so it’s important to check these before applying.
Our Verdict
ANZ personal loans are a solid choice if you want flexibility, transparency, and the option to borrow larger sums. The combination of competitive rates for good credit and a straightforward application process makes them a worthy option to consider, but always check your fees and the detailed terms before committing.