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How to apply for a personal loan

Life happens. Whether you need a new car, to make home repairs or consolidate debt, an ANZ Personal Loan could help you take control and reach your goals.

Why apply for a Personal Loan with ANZ?

Personalised interest rate

The better your credit score, the better your interest rate.disclaimer

Your loan, your way

Choose from a fixed or variable rate loan for a term of 1 to 7 years.

Borrow up to $50,000   

Without having to provide an asset, such as your home, as security.

Same-day cash

For in-branch applications approved by midday, Monday to Friday.disclaimer

limited time offer

A personal loan for what you need. $500 cashback for what you want.disclaimer

Need a new or used car? A holiday? New furniture? Apply for a new ANZ Personal Loan of $10,000 or more and you could get $500 cashback.disclaimer Limited time offer.

Limited to one cashback offer per loan per customer within an 18 month period. ANZ’s eligibility and credit assessment criteria, T&Cs, fees and charges apply.disclaimer

Get ready to apply for a personal loan

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Check you’re eligible

It’s important to make sure that you meet the eligibility criteria of the loan that you’re applying for. 

The eligibility criteria for an ANZ Personal Loan requires the applicant to:

  • be at least 18 years old
  • earn a minimum of $15,000 per annum
  • be an Australian citizen, permanent resident, or have a valid visa
  • be a sole or joint applicant. Joint applicants can apply at any ANZ Branch.

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Health check your credit score

Your credit score (or credit rating) is based on your borrowing and repayment history, and how often you’ve applied for credit. 

When you apply for a personal loan we'll use your credit score, as part of our assessment, to decide whether to lend to you, your interest rate and how much.

We use the Equifax credit score to determine your interest rate. If you're not sure on the health of your credit score, we recommend obtaining your credit report from Equifax or getcreditscore (fees may apply).

If your credit report includes incorrect or out-of-date information, contact the credit reporting agency to fix it free of charge.

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Crunch your numbers

Next, you’ll need to run the numbers and work out:

  • how much money you’re going to need
  • how much you can borrow
  • how much you can afford to repay

Doing this will help you determine whether you’re applying for a loan that’s manageable given your personal needs and circumstances. Think about how much you'll really need for that home renovation or new car.

Take a look at our Personal Loan calculators to help you work things out. 

Borrowing calculator Repayments calculator

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Choose a personal loan

You can choose between:

  • ANZ Variable Rate Personal Loan - your interest rate may increase or decrease during the loan term, and so may your repayments. You can make early or extra repayments to pay off the loan faster (and save on interest charges), and redraw any extra money you’ve paid on your loan, without additional costs.
  • ANZ Fixed Rate Personal Loan - gives you the certainty of fixed repayments for the term of your loan, so if interest rates increase your repayments stay the same. An Early Repayment Cost may apply, if you make early or additional payments. See Early Repayment Costs (PDF) and Consumer Lending Terms and Conditions booklet (PDF). You also don't have access to any early repayments made to the loan.

Compare and apply

Documents you'll need to apply for a personal loan

Print friendly version (PDF)

Identification needed

Here’s what identification you’ll need to apply:

  • If you're an existing ANZ customer you'll need your driver's licence, ANZ Account Number or Customer Registration Number (if you have them).
  • If you're new to ANZ, you'll need any two of your Australian driver's licence, Medicare card, Australian passport, or Australian visa.

If you're an Australian citizen

Please provide us with:

  • Your most recent payslip(s) covering 3 months' worth of year-to-date (YTD) income.
    The payslip(s) should be no older than 60 days from the date you apply, with at least one payslip or document showing income received within 30 days of your personal loan application. Payslips must not be handwritten.
    If you do not have a payslip that shows a 3 month YTD income figure, we will require supporting documentation to show 3 months of income such as previous payslips, your most recent ATO Income Statement, or your Individual Tax Return and ATO Notice of Assessment.

Or

  • If your payslip does not display the YTD income figure, your most recent bank statements showing your income for 3 months (with your name as account owner).
    The bank statements should be for an account in your name reflecting your last 3 months' worth of income being credited, with the most recent credit being made within 30 days of your personal loan application.

If you are recently employed, please provide us with:

  • A copy of your current employment contract signed by your employer with all pages included AND
  • Your most recent payslip dated within 30 days of your application AND
  • Last payslip(s) from your previous employer covering 3 months of income.

Please provide us with:

  • Your most recent payslip(s) covering 6 months' worth of year-to-date (YTD) income.
    The payslip(s) should be no older than 60 days from the date you apply, with at least one payslip or document showing income received within 30 days of your personal loan application. Payslips must not be handwritten.
    If you do not have a payslip that shows a 6 month YTD income figure, we will require supporting documentation to show 6 months of income such as previous payslips, your most recent ATO Income Statement, or your Individual Tax Return and ATO Notice of Assessment. 

Or

  • If your payslip does not display the YTD income figure, your most recent bank statements showing your income for 6 months (with your name as account owner).
    The bank statements should be for an account in your name reflecting your last 6 months' worth of income being credited, with the most recent credit being made within 30 days of your personal loan application.

Please provide us with:

  • Your most recent Individual Tax Return prepared by a registered taxation agent (all pages) and corresponding ATO Notice of Assessment no older than 22.5 months

And

If you are a Sole Trader:

  • Most recent Profit & Loss statement and Balance Sheet no older than 22.5 months (if these are not produced then details of business income and expenditure must be clearly evident in your Individual Tax Return in the supplementary income self-employed worksheet).

If you are a Partnership:

  • Partnership Tax Return, Profit & Loss statement and Balance Sheet no older than 22.5 months (if these are not produced then details of business income and expenditure must be clearly evident in your Individual Tax Return in the supplementary income self-employed worksheet).

If you are a Company:

  • Company Tax Return, Profit & Loss statement and Balance Sheet no older than 22.5 months. 

Where your Individual Tax Return is self-prepared, a corresponding ATO Notice of Assessment must also be provided to be acceptable.

Please provide us with:

Pensioners and government benefits

  • A letter or statement (all pages) from Centrelink dated within the last 60 days of your application showing benefits and
  • Your most recent bank statement showing consistent and clearly labelled government income credits over a consecutive 3 month period, with your most recent credit made within 30 days of your application (with your name as account owner).

Retirees (superannuation, pension, annuity income)

  • A copy of your Annual Investment Statement or
  • Your most recent bank statement (with your name as account owner) showing your income credits over a consecutive 3 month period, with your most recent credit made within 30 days of your application.

Please provide us with:

  • A statement confirming your overseas pension, dated within 30 days of your application and
  • Australian bank statements for 3 consecutive months of pension deposits or consistent and clearly labelled government income credits (with your name as account owner) with the most recent deposit being made within 30 days of your personal loan application or
  • Australian bank statements for 3 months of pension deposits or consistent and clearly labelled government income credits with description confirming the name of the country's pension office (with your name as account owner) with the most recent deposit being made within 30 days of your personal loan application.

Please provide us with:

Rental income:

  • A copy of the signed existing lease from a real estate agency to confirm income (private lease agreements are not acceptable) or
  • Evidence of rental income verified via a Rental Statement, dated within 60 days of your application or
  • Your most recent bank statement(s) showing 3 months of continuous rental credits or
  • Your personal Tax Return and ATO Notice of Assessment (no older than 22.5 months) confirming rental income amounts.
  • Rental statements for the last 12 months dated within 60 days if the rental income is related to short term stays.

Interest income (confirming both income and balance):

  • Deposit Certificate OR Account Summary (either must be no older than 60 days) and
  • Individual Tax Return and ATO Notice of Assessment (no older than 22.5 months) if the abovementioned documents do not include both income and balance.

Dividend income (confirming both income and balance):

  • Statement of Shareholdings or Account Summary (either must be no older than 60 days) and
  • Dividend Summary or Individual Tax Return and ATO Notice of Assessment (no older than 22.5 months) if the abovementioned documents do not include both income and balance.

Please provide us with:

  • Statements for the last 3 months for the non ANZ debt(s) that you would like to consolidate.

Internet banking statements are acceptable for debt consolidation applications and refinance applications when account number, account name, bank name/logo and transaction history are clearly visible.

Please provide us with:

If you have highlighted a change in your future financial circumstances and selected savings as how you intend to meet the personal loan repayments during the period of significant change:

  • Bank statement confirming the savings amount and showing your name 

Or

If you have highlighted a change in your future financial circumstances and selected sale of asset as how you intend to meet the personal loan repayments during the period of significant change:

  • A Deposit Certificate (OR)
  • A Portfolio Statement (OR)
  • Shareholders Statement

If the asset being sold is not shares, please provide any document confirming your ownership of the asset.

If you're a non-Australian permanent resident

This temporary/provisional visa category is eligible, provided the visa has at least 12 months remaining and your selected loan term does not exceed the remaining term on your visa.

This includes all temporary visa subclasses that allow an individual to work in Australia (Working Holiday visas are not acceptable).

To confirm your visa eligibility and status, we may ask you to supply:

  • A current copy of your employment contract (if applicable)
  • A copy of the photo page of your passport
  • A copy of the Australian visa page OR confirmation of your electronic visa from the Department of Home Affairs
  • Proof of minimum AUD50,000 income per annum (Australian income only)

This temporary/provisional visa category is eligible, provided the visa has at least 12 months remaining and your selected loan term does not exceed the remaining term on your visa.

This includes all temporary/provisional business visa subclasses that allow business people to establish or manage a new or existing business or invest in Australia.

To confirm your visa eligibility and status, we may ask you to supply:

  • A current copy of your employment contract (if applicable)
  • A copy of the photo page of your passport
  • A copy of the Australian visa page OR confirmation of your electronic visa from the Department of Home Affairs
  • Proof of minimum AUD50,000 income per annum (Australian income only)

How to submit your application documents

Important:

  • Please include your application reference number with your documents. Your application reference number can be found at the end of your application or in the email ANZ sent you. 
  • Please remember to mask or remove your Tax File Number and Payment Reference Number from any documents before being submitted to ANZ.

Online

You'll need your application reference number to get started.

Upload your documents

Your nearest ANZ Branch

Bring identification, your application reference number and your documents with you.

Find a branch

Other ways to send your documents:

  • Email a pdf or photo of your documents to: yourPLdocs@anz.com
  • Fax to 1800 269 040
    Ensure you write your application reference number on each page you fax through

Need help applying for a personal loan?

phone

General personal loan enquiries

Available Monday to Friday, 8am to 7pm (AEST)

Call 1800 801 485

Personal Loan Quick Start

Keen to start your application, but have a few questions? Get started online and we'll call you back to help with your application.

Get help applying

Your questions answered

General

If you’ve already submitted your application and would like to track the progress, you'll need your application reference number from your loan application confirmation email from us.

Track my application 

ANZ Fixed Rate Personal Loans and ANZ Variable Rate Personal Loans are unsecured. This means you do not have to use an asset like your car or home as security to get a loan.

If you have an ANZ Variable Rate Personal Loan, you can pay off your loan early by making early or extra repayments without additional costs. This could help you to save on the interest you pay over the life of the loan. 

With an ANZ Fixed Rate Personal Loan, early repayment fees and charges, which may be significant, may apply if you make early or additional repayments or repay your loan early. Refer to Early Repayment Charges (PDF) and  ANZ Consumer Lending Terms and Conditions booklet (PDF).

ANZ Fixed Rate Personal Loan

An ANZ Fixed Rate Personal Loan gives you the certainty of fixed repayments for the term of your loan. This means if interest rates increase your repayments stay the same.

However, if you're looking to pay off your loan early, make extra repayments or increase your loan amount, early repayment fees and charges may apply. See Early Repayment Charges (PDF) and ANZ Consumer Lending Terms and Conditions booklet (PDF) for further information. You also do not have access to any early repayments made to the loan.

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. You can make early or extra repayments to pay off the loan faster (and save on interest charges), and redraw any extra money you’ve paid on your loan, without additional costs.

Interest explained

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.

It's important to note that the interest charged to your loan may be different each month for ANZ Fixed Rate and Variable Rate Personal Loans, as it 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. For the full details about how interest is calculated refer to our Consumer Lending terms and conditions brochure (PDF).

Different agencies can hold different information, you may have a credit report with more than one agency.

ANZ uses the credit score provided by Equifax to determine your applicable interest rate. We recommend that you access your credit report or credit score from Equifax or getcreditscore.com.au for a more accurate estimate.

A range of interest rates apply to ANZ Personal Loans. The interest rate range shown sets out the minimum and maximum interest rate that may be applicable.

We tailor your interest rate based on our assessment of your credit score. Where you have demonstrated good credit-based behaviour, such as not opening too many credit products or making repayments on time for your other credit products, this will be reflected in your credit score and you may be offered a rate in the lower end of our range. Where your credit history isn’t as long, or as good, or you have made many credit applications in a short period of time, this may negatively impact your credit score and you’ll likely be offered a rate at the higher end of our range.

We'll confirm your interest rate in a letter of offer, which you can decide whether to accept.

Here are some things to consider when applying for a personal loan.

A comparison rate 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.

Apply for a personal loan

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.

You'll need to provide information on:

  • 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. 

If you’re not a permanent Australian resident, you may still be eligible to apply for an ANZ personal loan. You 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.

We tailor your interest rate based on our assessment of your credit score. Where you have demonstrated good credit based behaviour, such as not opening too many credit products or making repayments on time for your other credit products, this will be reflected in your credit score and you may be offered a rate in the lower end of our range. Where your credit history isn’t as long, or as good, or you have made many applications in a short period of time, this may negatively impact your credit score and you may be offered a rate at the higher end of the range.

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Applications must be submitted at an ANZ branch, and approved before noon Monday to Friday (AEST), and customers must have approved funds deposited into an existing ANZ everyday account. For a full list of eligible ANZ everyday accounts, please contact us on 1800 801 485 between 8am to 6pm (AEST) weekdays.

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Cashback offer available to customers who apply for (1) a new ANZ Personal Loan of $10,000 or more or (2) an ANZ Personal Loan increase with a total loan amount of $10,000 or more, between May 15 2024 and September 30 2024. This offer may be withdrawn or changed at any time without notice. The loan must be approved, and the funds drawn down to be eligible for the cashback offer. There is a limit of one $500 cashback offer per eligible customer within an 18-month period. The cashback payment will be paid within 120 days of drawdown into the transaction account which the loan funds are disbursed into. The transaction account must be in the same name as the loan account. For joint applications, only one cashback payment will be paid in total for the application and will be paid to the first listed applicant. For joint applications, the account for funds disbursements must include the name of the first listed applicant. Applications for a joint ANZ Personal Loan or an increase of a joint ANZ Personal Loan may only be made in branch. If a customer closes their ANZ Personal Loan account or transaction account before the cashback payment is paid, they will become ineligible for this offer. Applications for credit are subject to ANZ’s eligibility and credit assessment criteria. If you have any questions about the tax treatment of the cashback offer, please discuss with a tax agent or the Australian Tax Office.

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