ANZ Personal Loans

An ANZ Personal Loan is ideal for just about any purchase that you need to make. There are several products that come with different rates and terms which provide an option for any budget. Before you take on a loan you should check to see which one best fits your lifestyle.

ANZ offer a range of financial products which can help you make your dreams come true, so searching and comparing your options of savings accounts, home loans, credit cards and personal loans can be a big task. That is why Personal Loan Finder is here to help you learn more about ANZ personal loans, and make your comparisons easier.

ANZ Loan for debt consolidation

Apply for ANZ personal loan with low interest rate and term deposit.

• Choice of flexible loan terms from 1-7 years.
• Borrow from $5,000.
• Safeguards you against increasing interest rates.
• Loan amount start from $5,000.
• Choice of flexible repayment options of weekly, fortnightly or monthly.
• Fixed or variable interest rate options.
• A range of repayment options - repay via internet banking, phone banking, an automatic repayment from your bank account, or at any ANZ branch.

Click here to find out more about this offer

Types of ANZ Personal Loans

Personal Loan	Details	Min Interest Rate	Min Comparison Rate	Min Loan Amount	Min Loan Terms	Apply Fee
ANZ Fixed Rate Personal Loan	ANZ Fixed Personal Loan – a convenient and fast way to attain your desires and requirements with affordable rates and fees.	13.95%	17.07%	$5000	1 year	$150
ANZ Variable Rate Personal Loan	ANZ Variable Personal Loan – pay off the loan faster with the freedom to increase your repayments at any time and save money.	14.90%	18.01%	$5000	1 year	$150

The type of ANZ personal loan you choose can depend on what you intend to use it for, and how you prefer to budget and manage your cash flow. That is why ANZ offers three different types of loans for you to choose from.

The ANZ variable personal loan:

• Offers a variable interest rate. This means that the rate is currently slightly lower than the fixed interest rate, and can also move flexibly if the Reserve Bank cuts official interest rates. If you feel you can ride out the movements of the cash rate and standard variable interest rates during the term of your personal loan, a variable rate loan may be for you.
• Flexible additional repayment and redraw features. The variable rate personal loan from ANZ allows you to make unlimited additional repayments for free, to knock down your principal loan amount faster. You can also redraw those repayments for free, with a minimum redraw of $500 required each time.

The ANZ fixed interest rate personal loan:

• Fixed interest and repayments. You are paying a slightly higher interest rate but in return you are getting the security of a fixed interest rate for the term of your loan, and you know your repayments will stay the same. This makes it easier to budget for your loan repayment, especially if you need to watch your cash flow carefully.
• Option of additional repayments. You can make additional repayments but a fee may apply which can negate the benefits of reducing your loan amount. You will not have access to those additional repayments through redraw either, but if you simply want to make your way along your loan term as it was set out, you can fix your repayments, set up an automatic debit and not have to think about your repayments again.

The ANZ graduate loan:

• No repayments required for the first year. This loan is not only for those who are studying but makes sense if you are in your final year of study and want to travel, buy a car or update your computer and clothing for the workforce, but don’t want to worry about repaying the loan until you get a job. You could also take out the loan to cover a holiday, and not worry about the repayments until you return.
• Free additional repayments. While repayments aren’t required you can get ahead in the first year, or stay ahead in the coming years, especially since you can’t access your additional repayments through redraw.

Benefits of ANZ Personal Loans

The ANZ range of personal loans can be used if you want to consolidate your debts, buy a car, a motorbike or a boat, make renovations to your home, go on holiday, purchase investments, for your own or your child’s education or to pay for a wedding. Other benefits of choosing an ANZ personal loan include:

• A loan term from 1-7 years.
• A minimum borrowing of $5,000 but no maximum.
• Your choice of weekly, fortnightly or monthly repayments.
• Your choice to pay online, over the phone, via your mobile phone, in branch or using an automatic payment from an ANZ account or a non-ANZ account.

The family of ANZ Personal Loans consist of a variety of products that meet every financial need. At some point in life nearly everyone needs to borrow money. Whether it is to pay off bills, to finance educational expenses, to make a dream holiday come true, or to buy a vehicle there is an ANZ product available. Just as there are many products to choose from there are also options available that let you get he money you need without having to spend a lot of money getting it.

ANZ Personal Loan Options

There are three types of personal loans for you to choose from. Each one comes with the ANZ guarantee of quality and security but varies a bit in terms and interest rates. Before you can choose which one will suit your needs you will have to understand the fundamental differences between each product.

ANZ Variable Rate Personal Loan

Purpose - This loan product can be used for just about anything you need from renovating your home to purchasing a vehicle, or consolidating your debts.

Term - The term limit is anywhere from one to seven years.

Amount - The minimum loan amount is $5,000 and there is no maximum amount.

Interest - The interest rate on this product is variable which means that it will fluctuate with the market. That allows you to take advantage of reduced rates when the market interest rate dips with a lower monthly payment. At the same time you monthly payment could go up if the market interest rate rises. It can be difficult to plan for a monthly bill that rises but you can benefit significan’tly if interest rates are reduced. Currently the interest rate is from 14.90% per annum with a comparison rate from 18.01% per annum.

Repayments – The repayment plan is set up according to your financial situation. If you get paid weekly then you can make payments weekly just as if you get paid monthly or fortnightly you can also set up payments along those lines. The choice is entirely yours. You do not have to send cheques or use a passbook to make payments. Instead you can submit your repayments through ANZ Phone Banking, ANZ Internet Banking, ANZ Mobile Banking, at an ANZ branch, or you can set up automatic repayments from your ANZ account or any other bank.

Early Repayment - Because this is a variable rate loan you may make any additional payments with no added cost. You can even pay off your loan faster which allows you to save on interest with the only additional cost being a deferred establishment fee for those loans which are paid off in less then twelve months.

Redraws - When you make additional payments on your loan you sometimes regret it later when you need cash. With a redraw facility option you can always take out those extra payments should you need cash. This product gives you access to your additional payments. The minimum amount for a redraw is $500, some conditions may apply.

Optional Protection - ANZ Loan protection is available to provide for your loan repayment should your income be disturbed unexpectedly. If you opt in to this service you may be eligible for a .25% per annum discount on your interest rate.

Fees - There is a $150 for the loan application and establishment. Should you require a guarantor to sign on with you in order to gain approval or get a better interest rate there will be a $150 fee per guarantor. There is also a $30 quarterly fee for the administration of the loan.

Click here to apply for the ANZ personal loan

ANZ Fixed Rate Personal Loan

Purpose - A fixed rate loan can help you do a multitude of things from going on holiday to buying a car, all with the security of knowing exactly how much your payments will be from month to month and how much your loan will cost in the long run.

Term - The term limit is anywhere from one to seven years.

Amount - The minimum loan amount is $5,000 and there is no maximum amount.

Interest - The interest rate on this product is fixed which means that it will not fluctuate with market interest rates. The upside to a fixed rate is that you can budget for your loan because you know exactly how much it will cost over the life of the loan and exactly what your payments will be each month. The downside is that you will not benefit from any reductions in the market interest rates. Currently the interest rate is from 13.95% per annum with a comparison rate from 17.07% per annum.

Repayments - The repayment plan is set up according to your financial situation. If you get paid weekly then you can make payments weekly just as if you get paid monthly or fortnightly you can also set up payments along those lines. The choice is entirely yours. You do not have to send cheques or use a passbook to make payments. Instead you can submit your repayments through ANZ Internet Banking, ANZ Phone Banking, ANZ Mobile Banking, at an ANZ branch, or you can set up automatic repayments from your ANZ account or any other bank.

Early Repayment - On a fixed rate loan the lender has already calculated their profit margin from the interest on your loan. Because of that some charges will apply should you pay off your loan early. It is acceptable to repay the loan earlier and to make extra payments, just be prepared to pay extra fees that are in place to counteract any losses the bank incurs by your early repayment.

Redraws - Redraw facilities are not available on this product. Once you make an extra payment you cannot take it out again so make sure that you can afford to live without it.

Optional Protection - ANZ Loan protection is available to provide for your loan repayment should your income be disturbed unexpectedly. If you opt in to this service you may be eligible for a .25% per annum discount on your interest rate.

Fees - There is a $150 for the loan application and establishment. Should you require a guarantor to sign on with you in order to gain approval or get a better interest rate there will be a $150 fee per guarantor. There is also a $30 quarterly fee for the administration of the loan.

Click here to apply for the ANZ personal loan

ANZ Graduate Loan

Purpose - A graduate loan can help you pay for your last year of educational expenses or for other post graduation needs like a new vehicle or a trip. The benefit to students is that no repayments are due for the first year after you receive the money. This gives you time to establish your post-graduate income and budget.

Term – The term limit is anywhere from one to seven years.

Amount - The minimum loan amount is $5,000 and there is no maximum amount.

Interest - The interest rate on this product is variable which means that it will fluctuate with the market. That allows you to take advantage of reduced rates when the market interest rate dips with a lower monthly payment. At the same time you monthly payment could go up if the market interest rate rises. It can be difficult to plan for a monthly bill that rises but you can benefit significan’tly if interest rates are reduced. Currently the rate is 14.90% per annum with a comparison rate of 18.01% per annum.

Repayments - The repayment plan is set up according to your financial situation. If you get paid weekly then you can make payments weekly just as if you get paid monthly or fortnightly you can also set up payments along those lines. The choice is entirely yours. You do not have to send cheques or use a passbook to make payments. Instead you can submit your repayments through ANZ Internet Banking, ANZ Phone Banking, ANZ Mobile Banking, at an ANZ branch, or you can set up automatic repayments from your ANZ account or any other bank.

Early Repayment - Because this is a variable rate loan you may make any additional payments with no added cost. You can even pay off your loan faster which allows you to save on interest with the only additional cost being a deferred establishment fee for those loans which are paid off in less then twelve months.

Redraws - Redraw facilities are not available on this product. Once you make an extra payment you cannot take it out again so make sure that you can afford to live without it.

Optional Protection - The optional  ANZ Loan Protection is not available on this product.

Fees - There is a $150 for the loan application and establishment. Should you require a guarantor to sign on with you in order to gain approval or get a better interest rate there will be a $150 fee per guarantor. There is also a $30 quarterly fee for the administration of the loan.

ANZ Personal Loans For Cars

Buying a car is a big step in anyone’s life. Whether you are buying your first car or your fifth, a new car or a used one ANZ Personal Loans can make it affordable no matter what your financial situation. The first step is to decide if you want a secured or unsecured loan. A secured loan is one that is backed by other personal assets. It comes with a fixed interest rate so that you can plan out your budget based on regular payments and the knowledge of your total cost. An unsecured loan does not require any collateral. These are variable rate loans which means that your interest will fluctuate with the market. You can benefit not only from reductions in the rates but also in the ability to make extra payments when you have extra cash. Along with that is the ability to redraw those extra payments should you need cash later on.

Car Loan Financing

Pre-Arranged Finance – Before you go out shopping for a car you can get pre-approved for your loan. Armed with that data you can walk into any car dealership and choose the vehicle that fits into your loan rather then finding a card first and hoping you can get the funding to purchase it.

Repayment Choices – The term on car financing is from one to five years. You can also set up repayments based on when you get paid, either monthly or fortnightly.

No Deposit – Approved customers can finance all of the cost of their vehicle. This even includes bundle packages that cover insurance, registration, and on-road costs.

Requirements – Any car you purchase must be less then seven years old and your loan amount must be a minimum of $7,500. Borrowers must meet normal credit approval criteria as established by ANZ.

Application Process – Applying for an ANZ Car Loan is fast and easy. You can submit your application on line, by phone, or by visiting your nearest ANZ branch. Just have your current drivers licence, your asset, liability, and income details, and the address or contact information for your employer or account ready and you can complete the process in less then 20 minutes.

Optional Protection – ANZ Loan protection is available to provide for your loan repayment should your income be disturbed unexpectedly. If you opt in to this service you may be eligible for a .25% per annum discount on your interest rate.

ANZ Personal Loan Online Services And Eligibility

ANZ Online Banking

One of the best things about modern banking is that you can do it all from the comfort of your own home. That means that you can bank when it is convenient for you, not only during normal working hours. From the luxury of your home, office or anywhere else that has an Internet connection you can check your current loan balance and view your transaction history. You can also see how much interest you have paid and how much your next payment is and when it is due. You can even make additional payments by transferring money from one of your linked ANZ accounts.

Eligibility

In order to take advantage of one of these excellent loan products you will have to meet certain eligibility requirements. To begin with all applican’ts must be at least 18 years old and permanent Australian residents. If you are not already a customer of ANZ you can still apply. Of course, you will have to provide documentation of your identity, like a current driver licence. On top of that you have to prove that you can meet the financial obligations of your loan by providing documentation of your income. This documentation can come in the form of a payslip that is not more then five weeks old. This payslip must have a three month year-to-date amount that matches up with your annual income and display your employers name. You may also use two payslips the latest one being not more then five weeks old that displays your employers name. Payslips may not be hand written. You may also provide ANZ account statements that show wages being credited to your account for the previous three months. These deposits must be listed as some form of wages and must include your employers name.

If wage documentation is not available you may provide any two of the following items. An Australian taxation office Notice of Assessment, a tax agent prepared tax return, a PAYG summary. Your employer may also provide a letter on company letterhead that confirms employment, states your annual income or gross and net amount over each pay period, confirms that you are not a casual or temporary employee and that you are not on a probationary period, and is signed and dated withing the last four weeks. Bank statements from other banks proving wages have been deposited will also work as will rental income statements or a current tenancy agreement.

If you are self employed you must also provide documentation of your income. This can come in the form of a personal tax return from the last year. You may also use the previous years financial statements for your business as documentation of income.

Your ANZ Personal Loan is a great investment in your future. With great rates and terms you really can have all of the things that you want at a price that you can afford. Just make sure that you are ready to undertake the payments associated with a loan before you take one out. Should you miss or make late payments you will be subject to fees that could prove very costly. Tacked on to you principle amount those fees will then incur interest which also adds to your cost. If you run into trouble repaying your loan contact the professionals at ANZ and they will do their best to come up with an arrangement that meets your needs.

If you want to find out more about the range of ANZ personal loans click here.

Click here to apply for the ANZ personal loan

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