An ANZ Personal Loan is a credit facility which lets you borrow an approved amount of money from ANZ.

You can borrow between $5,000 and $50,000 for a term of 1-7 years, at either a fixed or variable interest rate, and you pay back your loan (with interest) in instalments over the agreed term.

ANZ offers unsecured personal loans and there are two types of ANZ Personal Loans: Fixed Rate Personal Loan and Variable Rate Personal Loan.

Learn more about the difference between an ANZ Fixed Rate Personal Loan and ANZ Variable Rate Personal Loan.

You can use an ANZ Personal Loan for a number of purposes, including:

• debt consolidation which allows you to combine multiple existing credit card or other debts in one loan
• buying a new or used car, motorcycle, boat, scooter, caravan or other vehicle
• booking a holiday or going travelling
• household goods or furniture including a new TV or couch
• home renovations and improvements such as a new kitchen or swimming pool
• education, including school or university tuition fees

ANZ offers two types of unsecured personal loans between $5,000 and $50,000. Both the ANZ Fixed Rate Loan and ANZ Variable Rate Loan can be used for a specific purpose, such as consolidating debt or a big purchase like buying a new or used car.

Before you apply for an ANZ Personal Loan, it’s important to figure out how much you could borrow, and what you can afford to repay.

• Calculate how much you could borrow with an ANZ Personal Loan
• Get an estimate of your potential loan repayments for an ANZ Personal Loan

If approved

When you are approved for an ANZ Personal Loan, you will be approved to borrow a specific amount of money. This will be transferred to your nominated bank account in a lump sum at the start of your loan term. You will need to repay the amount borrowed, along with interest accrued and any fees or charges incurred, in regular instalments over a set term.

You can choose a term between 1-7 years, depending on how long you think you will need to pay off the loan. You can have one set of regular repayments to line up with your pay cycle, such as weekly, fortnightly or monthly.

Learn more

• Learn more about the differences between the ANZ Personal Loans
• Learn more about the interest rates and fees on ANZ Personal Loans
• Learn more about how repayments work
• Learn more about how interest is charged

At ANZ, both the ANZ Variable Rate Personal Loans and ANZ Fixed Rate Personal Loans are unsecured. With an ANZ Personal Loan, you can borrow funds for a range of purposes, such as consolidating debt, or buying a new or used car, without having to worry about providing any security.

You can use an ANZ Variable Rate or Fixed Rate Personal loan for the things you want, such as:

• a new or used car, motorcycle or scooter
• holidays or travel
• debt consolidation such as combining multiple credit cards or other debts into one loan
• household goods, furniture or home improvements
• education, including school or university tuition fees
• lifestyle items such as a pool, boat, TV or even a jet ski.

If you have a variable rate personal loan, you can pay it off early by making early or extra repayments. This could save you money on the interest you pay. 

With a fixed rate personal loan, if additional payments are made an Early Repayment Fee of $300 will be applied. You may also incur early repayment costs. Please read ANZ Fixed Rate Personal Loan - what happens if you repay some or all of your loan early (PDF 47kB) to see how this is calculated.

If you have an ANZ Secured Car Loan and decide to make early or extra repayments, early repayment charges will apply. For more information, please read ANZ Secured Car Loans - what happens if you repay some or all of your loan early (PDF 44kB).

ANZ Fixed Rate Personal Loan

Alternatively, an ANZ Fixed Rate Personal Loan gives you the certainty of fixed repayments throughout the life of the loan and your repayments won't change even if rates increase.

However, there may be fees and charges if you’d like to make early or extra repayments or if you fully repay your loan early. Learn more about what happens if you repay some or all of it early (PDF 46 KB).

ANZ Variable Rate Personal Loan

With an ANZ Variable Rate Personal Loan, your interest rate may increase or decrease during the loan term, and so may your repayments. Plus, you can make early or extra repayments to pay off the loan faster (and save on interest charges), or redraw any extra money you’ve paid on your loan if you like.

With an ANZ Variable Rate Personal Loan, your interest rate is subject to change during the loan term, and accordingly, the repayment amounts may also change.

An ANZ Variable Rate Personal Loan offers you the flexibility of making early or extra repayments to pay off your loan sooner (and potentially save on interest costs) with no exit fees.

You will have access to a redraw facility on an ANZ Variable Rate Personal Loan which will allow you to access extra money you’ve repaid at a later date, as often as you like and for any reason you like. Learn more about redraw.

With an ANZ Fixed Rate Personal Loan, you can lock in an interest rate that stays the same over the life of the loan. So even if interest rates change, your repayment amount won’t.

This type of loan may be suitable if you want certainty that your repayments will stay the same throughout the life of the loan which can help to make budgeting easier. However, there may be charges if you’d like to make extra or early repayments or if you fully repay your loan early. Learn more about what happens if you repay some or all of it early (PDF 46 KB).

The interest charged may be different each month for ANZ Fixed Rate and an ANZ Variable Rate Personal Loans. The interest charged depends on a variety of factors, such as the number of days in that month, the applicable annual interest rate and the unpaid balance of your loan.

Interest is calculated on the unpaid daily balance of your loan and is charged to the loan on a fortnightly or monthly basis (depending on which product you have). The interest rate applied each day is equal to your annual interest rate, divided by 365.

Refer to our Consumer Lending terms and conditions brochure (PDF 308 KB) for the full details.

A rate that helps you work out the true cost of a loan. This rate takes other fees and charges into account, like a loan approval fee and loan administration charge in addition to the interest rate. It’s meant to be a fairer way of comparing how much a loan will cost you.

For more information visit Moneysmart.

Yes, you can apply but your application for an ANZ Personal Loan will be subject to ANZ’s credit assessment criteria.

Your liabilities and other financial commitments, such as an existing personal loan with another lender, will be taken into account when we assess your application for an ANZ Personal Loan.

We’ll ask you for information about:

• your income amount and frequency
• your assets
• what existing financial commitments you have with ANZ and other financial institutions, such as personal loans, home loans or credit cards
• your expenses, such as how much you spend on gas, electricity, insurances, food, transport and lifestyle expenses

We ask for this information so that we can verify your financial circumstances and assess your ability to repay an ANZ Personal Loan without substantial hardship. You can explore which ANZ Personal Loan may suit your needs by using our tools and calculators. 

• Calculate how much you could borrow with an ANZ Personal Loan
• Get an estimate of your potential loan repayments for an ANZ Personal Loan
• Compare key features of the different types of ANZ Personal Loans

Yes, you can apply but your application for an ANZ Personal Loan will be subject to ANZ’s credit assessment criteria.

Your liabilities and other financial commitments, such as an existing personal loan with another lender, will be taken into account when we assess your application for an ANZ Personal Loan.

If you are not a permanent Australian resident, you may still be eligible to apply for an ANZ personal loan but will be required to meet specific visa and income verification requirements. Valid visas include a range of working visas and business visas.  

Working visas

Includes all temporary visa subclasses that allow an individual to work in Australia. This typically includes holders of skilled category visas but can also include some family category visas.

Working holiday visas are not acceptable.

Business visas

Includes all temporary/provisional business visa subclasses that allow business people to establish or manage a new or existing business or invest in Australia. This generally includes holders of business owner, senior executive or investor category visas.

For more details please visit an ANZ branch or call 1800 339 410 to discuss your application. You can also find out what a particular visa entitles the holder to by visiting Department of Home Affairs website.

If you’re applying for an ANZ Variable Rate or Fixed Rate Personal Loan and your application is approved, you won’t need to provide any security as these are unsecured loans.

But if you apply for an ANZ Secured Car Loan and your application is approved, we’ll use the car you have purchased as security. As a result, we may be able to offer you a lower interest rate than an unsecured loan.

You don’t have to pay stamp duty on any of our personal or car loans.

But if you’re buying a car, you may need to pay stamp duty to the state or territory government to register it and to transfer its registration. The amount of stamp duty varies between states and territories, and also depending on the type of vehicle.

Remember that this money doesn’t go to us, but to the relevant state or territory government.

If you’re struggling to make your loan repayments, read on to see how we may be able to help. You can also find out more at our dedicated financial hardship site.

What do I do if I can’t make a payment?

If you can’t make a personal loan repayment, please call us immediately to discuss the matter and see if we can come to a financial arrangement. We may be able to look at temporary payment options to help you manage your loan.

What happens if I get sick, have an accident or lose my job?

You can call us to discuss an arrangement if something has happened that could affect your financial situation.

For Personal Loans repayments please call 1800 351 548.

For Secured Car Loans repayments please call 13 23 73.

There may be a number of options to help you manage your personal loan if you are worried about making your regular repayments.

We understand that financial circumstances can change, and we will do our best to help if you're having trouble with your personal loan repayments.

There may be a number of options available to help you manage your personal loan during times of financial uncertainty, including:

• Using other funds you may have available to continue making loan repayments (e.g. in another transaction or savings account)
• Reducing your repayments to the minimum repayment amount (if you’re currently making higher repayments)
• If you have a variable rate loan, redrawing funds from your current personal loan based on the extra repayments you have paid in the past (but the amount redrawn will be added to your loan balance and interest will be charged on that higher balance). ^disclaimer

When considering different options, please keep in mind that some of them may result in you paying more interest over the life of your loan. 

If these options are not available to you or are not suitable given your circumstances, you can learn more about assistance options that may be available to you..