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A personal loan for a car

Looking to get a car loan for a new, used car or demo car? We explain how to do this with an ANZ Personal Loan. We also give you some useful tips on what to look out for when buying a car so that you don’t get taken for a ride.

Compare ANZ Personal Loans

 

limited time offer

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

Apply for a new ANZ Personal Loan of $10,000 or more and you could get $500 cashback.disclaimer Limited time offer.

Tell me more

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

Why choose an ANZ Personal Loan for a car

 

Borrow up to $50,000

Borrow a specific amount between $5,000 and $50,000 (subject to approval).

Greater flexibility

Choose a loan term from 1 to 7 years, with weekly, fortnightly, or monthly repayment options.

Personalised rates

Get a personalised interest rate with an ANZ Fixed Rate Loan or an ANZ Variable Rate Loan based on your credit history.

No assets needed

ANZ Personal Loans are unsecured, which means you don’t have to provide an asset, such as your car, as security.

Same-day cash

Get same-day cash when you apply and are approved in-branch by midday, Monday to Friday.disclaimer Deposited into your existing ANZ everyday account.

   

No early repayment fees

No penalties for making extra repayments or paying off your loan early with an ANZ Variable Rate Loan. Plus, redraw available if you’re ahead on payments.

   

Repayment certainty

Know what your repayments will be and protect yourself from interest rate movements for the life of the loan with an ANZ Fixed Rate Loan.

   

Online convenience

Track your balance and make repayments 24/7 with ANZ Internet Banking or via the ANZ App.disclaimer

   

How to get a personal loan with us

Estimate your personalised interest rate

We tailor our interest rates based on our assessment of your credit score. With a better credit score, you could enjoy one of our lower interest rates.disclaimer This tool will also help you estimate your repayments if you finance your car using an ANZ Personal Loan.

Estimate your repayments

Calculate how much you could borrow

Get an indication of how much you may be able to borrow based on your income and expenses. Please note this is an estimate only and your full borrowing amount will only be made available in your Letter of Offer.

Estimate your borrowing power

Choose a personal loan that works for you

If you want your loan repayments to stay the same – even if interest rates change – then an ANZ Fixed Rate Loan could be for you.

If you're looking for flexibility – such as paying off your loan sooner with no exit fees – then an ANZ Variable Rate Loan could be for you.

Compare ANZ Personal Loans

Check your eligibility

To be eligible for an ANZ Personal Loan you must:

  • be at least 18 years old;
  • earn a minimum of $15,000 per annum; and
  • be an Australian citizen, permanent resident, or have a valid visa.

Read up on the eligibility criteria and documentation we’ll need for each type of loan.

Factor in running costs

Whether you're in the market for a new, used or demo car, it's always a good idea to budget for ongoing costs, such as:

  • registration
  • fuel
  • servicing and maintenance
  • road toll charges
  • parts and repairs
  • insurance.

Apply for a personal loan

Here's what you need to apply:

  • details of your income, expenses, assets and liabilities
  • 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.

Apply now

 

 

Buying a new versus used car

Hot tip! Don’t forget to insure your car

Always remember to organise your registration and car insurance before hitting the road. And where possible, make sure you get a receipt for your deposit, as well as for the full purchase price of the car.

What to look out for when buying a second-hand car

Doing your homework is important when it comes to buying a second-hand car. You need to decide on the car you want and the condition you expect it to be in. Find out what the model is worth for its age and kilometres travelled.

Look at the car’s service history; this will tell you how well the car has been looked after and if it’s had any recurring issues. A car that has had several owners and clocked up a lot of kilometres might be nearing the end. Whereas a one-owner car with low milage and a great service history may reduce your risk of buying a dud.

According to the Australian Bureau of Statistics, the typical mileage of a car in Australia is approximately 12,100kms per year (2020).disclaimer

Remember to:

  • Check under the bonnet to ensure the engine bay is clean and the engine oil is in good condition
  • Check the tyres for any structural damage and ample tread
  • Check that the brake lights, headlights, and traffic indicators are working properly
  • Check the panels and paint for any obvious damage
  • Take it for a test drive to check the transmission. Cars that are slow to respond or have jerky gear movements may mean trouble
  • Check that the steering is tight and the acceleration and braking responsive
  • Check that the interior is spacious and comfortable, the air-conditioning works and visibility is good
  • Get a Personal Property Securities Register (PPSR) check done on the car.

Personal loan calculators for cars

The borrowing calculator and repayments calculator provide estimates only and are based on the accuracy of the information provided. They do not constitute any quote, loan approval, agreement, offer or acceptance of credit by ANZ or advice.

   

Choose a personal loan that works for you

 

ANZ Fixed Rate Loan

I need stability
 

Features

Certainty your repayments won’t change even if rates increase as you’ve locked in a fixed interest rate

 

Things to consider

  • Early repayment charges may apply if you make early or extra repayments, repay your loan early or increase your loan amountdisclaimer
  • No access to extra money paid (redraw)

 

Early repayment charges

You may incur an Early Repayment Cost, which may be significant, if you make early or additional payments. See Early Repayment Costs (PDF) and Consumer Lending Terms and Conditions booklet (PDF).

limited time offer

Apply for a new ANZ Personal Loan of $10,000 or more and you could get $500 cashback.disclaimer

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

rates and fees

ANZ Fixed Rate Loan

Interest rate range from  to disclaimer

(Comparison rate range  to )disclaimer


Apply now

 

ANZ Variable Rate Loan

I prefer flexibility
 

Features

Ability to make early or extra repayments, or repay your loan early, without additional costs

Flexibility to increase your loan amount (subject to credit assessment)

Access to extra money paid (redraw)disclaimer

 

Things to consider

  • Your repayments may change as your interest rate may increase or decrease during the term

 

Early repayment charges

Not applicable.

limited time offer

Apply for a new ANZ Personal Loan of $10,000 or more and you could get $500 cashback.disclaimer

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

rates and fees

ANZ Variable Rate Loan

Interest rate range from  to disclaimer

(Comparison rate range  to )disclaimer


Apply now

Fees explained

Loan approval fee

$150  

Loan administration charge

$10 per month, debited every three months until the loan is closed in ANZ systems.

Late payment fee

$20 will be charged if your repayment is 5 days late or more. A further $20 will be charged monthly until repayments are up to date.

Your questions answered

Cashback offer

To receive the $500 cashback offer, a customer must:

(a) Apply for a new ANZ Personal Loan of $10,000 or more, or apply for an increase to their current ANZ Personal Loan which results in a total loan amount of $10,000 or more.

(b) Apply between May 15th 2024 and August 15th 2024.

(c) Draw down funds

There is a limit of one $500 cashback offer per eligible customer within an 18-month period. If a customer closes their ANZ Personal Loan account or nominated transaction account before the cashback payment is paid, they will be ineligible for this offer.


A customer can only receive one cashback during any 18-month period. For joint applications, only one cashback payment will be paid in total for the application and will be paid to the first listed applicant.

Customers can apply in branch, over the phone or online (www.anz.com.au/anzpersonalloan). For joint applications, customers must apply in branch.

The cashback amount will be paid into the transaction account in which the loan funds are disbursed within 120 days from the date of draw down.

If we do not have details for an appropriate account, the customer will be contacted via an outbound call.

General

Before purchasing a car, you may want to check with the consumer protection agency in your State or Territory to find out your rights. This is especially the case if you are weighing up the pros and cons of purchasing through a licensed car trader versus a private seller.

ACT: https://www.accesscanberra.act.gov.au/consumer-rights

NSW: https://www.fairtrading.nsw.gov.au/

Northern Territory: https://consumeraffairs.nt.gov.au/

Queensland: https://www.qld.gov.au/law/fair-trading

South Australia: https://www.cbs.sa.gov.au/

Tasmania: https://www.cbos.tas.gov.au/

Victoria: https://www.consumer.vic.gov.au/

Western Australia: https://www.commerce.wa.gov.au/consumer-protection

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.

  

ANZ Fixed Rate Personal Loan

rates and fees

Loan Approval Fee

$150

Loan Administration Charge

$10 per month, debited every three months until the loan is closed in ANZ systems.

Early repayment charges

Early Repayment Costs may apply if you make early or additional repayments, see Early Repayment Charges (PDF) and ANZ Consumer Lending Terms and Conditions booklet (PDF) for further information.

Late Repayment Fee

$20 will be charged if your repayment is five days late or more. A further $20 will be charged monthly until repayments are up to date

 

ANZ Variable Rate Personal Loan

rates and fees

Loan Approval Fee

$150

Loan Administration Charge

$10 per month, debited every three months until the loan is closed in ANZ systems.

Early repayment charges

Not applicable.

Late Repayment Fee

$20 will be charged if your repayment is five days late or more. A further $20 will be charged monthly until repayments are up to date

Applying 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.

  

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

  

Any information provided is general in nature and does not take into account your personal needs, financial circumstances or objectives and you should consider whether it is appropriate for you. ANZ recommends you read the applicable Terms and Conditions booklets and the ANZ Financial Services Guide before deciding whether to acquire, or continue to hold, a particular product.

All applications for credit are subject to ANZ’s credit assessment criteria. Terms and conditions are available on application. Fees and charges apply. Australian credit licence number 234527.

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 August 15 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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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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The ANZ App is provided by Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522. Super, Shares and Insurance (if available) are not provided by ANZ but entities which are not banks. ANZ does not guarantee them. This information is general in nature only and does not take into account your personal objectives, financial situation or needs. ANZ recommends that you read the ANZ App Terms and Conditions available here for iOS (PDF) and here for Android (PDF) and consider if this service is appropriate to you prior to making a decision to acquire or use the ANZ App.

ANZ App for Android is only available on Google Play™. ANZ App for iPhone is only available from the App Store.

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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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Based on an Australian Bureau of Statistics survey released on 30 June 2020.

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Fixed rate personal loans aren’t for everyone and 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).

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Interest rates as at  and are subject to change. These interest rates may be withdrawn or changed at any time without notice and may not be available in conjunction with any other offers, packages, or promotions.

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These comparison rates are based on a $30,000 Personal Loan for a five year term. The rates are applicable for unsecured loans only. 

WARNING:
 These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in different comparison rates.

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Terms and Conditions and eligibility criteria apply to ANZ Redraw. For further information on ANZ Redraw please refer to the ANZ Consumer Lending Terms and Conditions (PDF).

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