ANZ Fixed Rate Personal Loan

ANZ Fixed Rate Personal Loan – Review & Application Details

It is nice to have the security of always knowing exactly what your repayments will be with the ANZ Fixed Rate Personal Loan. If you are the type of person that likes the structure of a fixed rate, you will love this loan and what it has to offer.

The ANZ Fixed Rate Personal Loan

Get everything you’re looking for and more with this fixed-rate loan from ANZ. The interest rate starts from a low 13.95% p.a. with a comparison rate from 17.07% p.a. Not only do you get a great interest rate, but you also get the freedom to pick out your own repayment schedule.

You can choose to make your repayments monthly or you can make them according to your pay schedule. If you want to pay them weekly or fortnightly you are given these options as well. You can also choose how many years you need to pay back the loan. If you feel that you can pay off the loan in a year you can take that option and if you feel you need longer you can take up to seven years to pay it off.

The ANZ Fixed Rate Personal Loan gives you cash when you need it and a budget that you can live with.

There are going to be times in life when you need or want things that you do not necessarily have the cash to pay for right at that moment. In these times you can choose to make your purchases on a credit card or to borrow the money.

Credit cards are great, but in terms of making very expensive purchase, like buying a car, that might take years to pay off they can be extremely expensive. Borrowing the money is a better choice, especially if you can budget to pay it back and know exactly what your final cost will wind up being. This is exactly how the ANZ fixed loan works. You get the money you need today and the ability to plan to pay it back on reasonable terms and with reasonable interest rates.

ANZ Fixed Rate Personal Loan Features

Part of the decision regarding an ANZ personal loan comes down to how much it will cost and how long you will have to pay it back. Since the interest rate is fixed you will not have to worry about rate rises effecting your balance or monthly payments. You simply come up with an amount that makes sense for our financial situation and pay it back at your own pace.

Currently the interest rate is from 13.95% per annum. The term can range from one to seven years depending on your amount and your monthly payments. As the borrower, it is you and not the bank that chooses how often you will make repayments either weekly, fortnightly, or monthly depending on when you get paid. You may make extra payments or pay off your loan early but you will incur charges for these actions.

Eligibility

As long as you are older than 18 and are a permanent resident of Australia you are eligible to submit an application for the
ANZ fixed rate personal loan. It is not necessary to be a customer with ANZ already to apply.

Necessary documentation

To apply for an ANZ fixed rate personal loan you will need to provide basic details about your finances, proof of income and information about yourself.

Proof of income can be supplied in various ways including the options listed below.

Choose one of the listed options below.

• Two pay slips that are up to 5 weeks old that show the name of your employer and are not handwritten.
• One pays slip that is up to five weeks old, is not handwritten and shows the name of your employer. This pay slip must also confirm a 3 month income that would reflect a proper percentage of your annual income.
• Account statements from your ANZ bank account that show your wages that have been credited during the past three months. The name of the employer must be present and the transactions must say salary, wages or pay.

Or you may choose two of the listed options below.

• A notice of assessment that has been provided by the Australian Taxation Office.
• Statements given from a different financial Institute other than ANZ that show your pay during the last three months. They must also indicate salary, pay or wages and show your employer’s name.
• Rental income provided with at least 6 months of rental income statements.
• A letter provided by your employer with an ABN on letterhead. This letter needs to show that you have been employed for at least three months along with your gross and net total amount received for every pay period. The letter must also state that you have been working full-time or part-time and have not been employed casually or temporarily, or had any probation period.
• Your tax return that has been done by a tax agent.
• A PAYG Summary – this cannot be handwritten.

Self-employed individuals

If you’re self-employed you must send the financial statements of your business and the tax return you filed for last year.

If you’re looking for the peace of mind that you can get with an ANZ fixed rate personal loan you can fill out an online application form in a matter of minutes. Not only that, you will find out within 60 seconds if you have been approved so you can start planning with your loan right away.

Click here to apply for the ANZ personal loan

Related posts:

1. ANZ Variable Rate Personal Loan
2. Community CPS Fixed rate Car Loan
3. Fixed vs Variable Interest Rate Calculator
4. United Community Credit Union Fixed Rate Personal Loan
5. Easy Street Fixed Rate Personal Loan

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