ANZ Wedding Loan
ANZ Wedding Loan Review & Details
Many people call it the biggest day in your life. You have finally found that special someone you want to spend the rest of you life with and the time for the wedding is rapidly approaching. Even with the best planning and budgeting it is easy to find yourself coming up short with funds to make the day, even the honeymoon, perfect.
If this is where you find yourself, an ANZ Wedding Loan may be the answer to your worries. This review examines wedding loans from ANZ along with some of the features of this specialized personal loan and summarizes key points you should be aware of.
A Look At the Basics
The first decision point you will cross as you consider your wedding loan is the amount. ANZ Wedding Loans are available in any amount over $5,000. That’s right, there is no maximum, no skimping on your wedding day! Choose the amount that is right for you and your personal situation.
Next you will need to consider the type of interest rate, fixed or variable. A fixed rate loan can ensure a regular repayment amount in most cases and that can be very beneficial for a new family on a tight budget. There may be additional fees associated with a fixed rate, however. A variable rate loan means the interest rate you pay is tied to market conditions and may go up or down, and who would not enjoy seeing their rate decrease! Some additional features are available with a variable rate note, we will take a look at those shortly.
Finally, the term of the loan. This is another way of saying how long you would like to repay this personal loan. Terms for the wedding loan are available from 1 year to 7 years, whatever work best for you and your financial and personal situation.
Charges, Fees, and Rates
Like all personal loan products, the ANZ Wedding Loan does have a few fees and charges and a very competitive interest rate. There is a loan approval fee of $150 to cover the application and loan documents and an additional $150 per loan guarantor. In addition, there may be an administration fee for the loan of $30 per quarter.
Interest rates for the wedding loan are among the most competitive on the market. Fixed rates begin at 13.95% p.a. as compared to 17.07% p.a. from other lenders. The variable rate notes begins even lower at 13.99% p.a. compared to other lenders beginning at 18.10% p.a.
Extra ANZ Wedding Loan Features
With both variable rate and fixed rate wedding loans, you have the ability to make extra payments when you are able. With the variable rate note, you can even make additional payments without any additional fees!
As you wedding day approaches and you have made some payments against your wedding loan, you may find yourself needing just a bit more. No worries, because your ANZ Wedding Loan may offer the ability to access loan payments you’ve already made in the form of a redraw.
Finally, ANZ Loan Protection is an optional insurance available in case find yourself in a situation where you are not able to make your regular monthly payment. It comes at an additional fee however, with a new family it can provide very valuable coverage in your time of need. As an added bonus, if you add loan protection to your wedding loan, you may qualify for an interest rate reduction!
So there is our quick look at the ANZ Wedding Loan. If you big day is approaching, don’t be forced to skimp on dresses, the reception or flowers. Take advantage of a wedding loan to relieve the pressure and have the wedding of your dreams.
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|---|---|---|---|---|---|---|---|
 ME Bank Personal Loan | A low rate personal loan from ME Bank with no application fee for a limited time. | 13.59% | 13.81% | $5000 | 1 year | $0 |   |
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