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Consolidate your debts with an ANZ Personal Loan
Fixed or variable, the choice is yours
If you’re struggling to pay off your debts, an ANZ Personal Loan could give you greater control over your finances and help you save on interest.
Keep things simple
Consolidate your debts into one loan. If approved you could have:
ANZ Fixed Rate Loan
I need stability
Interest rate rangedisclaimer:
to
Comparison rate rangedisclaimer:
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The interest rate range shows the minimum and maximum interest rate that may be applicable. Your actual interest rate, if approved, will depend on the information in your credit report, including your credit score (or credit rating). We will confirm your interest rate in your letter of offer (if approved).
Features
Certainty your repayments won’t change even if rates increase as you’ve locked in a fixed interest rate
Same-day cash in your ANZ everyday account if approved in branch by midday Monday to Fridaydisclaimer
Trade-offs
- 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)
Fees & charges
Loan Approval Fee |
$150 |
Loan Administration Charge |
$10 per month, debited every three months until the loan is closed in the ANZ systems. |
Early repayment charges |
$300 Early Repayment Administration Fee applies when you pay off a loan early. You may also incur an Early Repayment Cost, which may be significant, if you make early or additional payments. See Early Repayment Costs (PDF 47kB) and Consumer Lending Terms and Conditions booklet (PDF 475kB). |
Late Payment Charges |
$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. |
Potential loan amount (subject to credit assessment criteria) |
$5,000 to $50,000 |
Potential loan term |
1 to 7 years |
ANZ Variable Rate Loan
I prefer flexibility
Interest rate rangedisclaimer:
to
Comparison rate rangedisclaimer:
to
The interest rate range shows the minimum and maximum interest rate that may be applicable. Your actual interest rate, if approved, will depend on the information in your credit report, including your credit score (or credit rating). We will confirm your interest rate in your letter of offer (if approved).
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
Same-day cash in your ANZ everyday account if approved in branch by midday Monday to Friday
Trade-offs
- Your repayments may change as your interest rate may increase or decrease during the term
Fees & charges
Loan Approval Fee |
$150 |
Loan Administration Charge |
$10 per month, debited every three months until the loan is closed in the ANZ systems. |
Early repayment charges |
Not applicable. |
Late Payment Charges |
$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. |
Potential loan amount (subject to credit assessment criteria) |
$5,000 to $50,000 |
Potential loan term |
1 to 7 years |
About you
How much do you earn?
$/ year
$/ year
$/ year
$/ year
What are your expenses?
$/ monthRequired
$/ month
$/ month
$
You could borrow up to
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Your borrowing power is based on
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7 years
You could borrow up to
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Ready to apply for an ANZ Personal Loan?
Compare our loans
The borrowing power shown using this calculator is an estimate based on the income and expenses entered and the credit score you have provided. The interest rate used for the purposes of these calculations is an estimate only and is based on the credit score you have provided. These calculations are also based on an ANZ Variable Rate Loan with a loan term of seven years with monthly repayments. The borrowing power and interest rate estimates are provided for illustrative purposes only. Actual borrowing capacity and your actual interest rate may vary when you complete an application. Your loan amount and actual interest rate will be confirmed in your letter of offer once the application has been assessed and approved. This calculation does not constitute a quote, loan approval, agreement or advice by ANZ. It does not take into account all of your personal or financial circumstances. To apply for an ANZ Personal Loan you must complete an application. All applications are subject to ANZ’s credit assessment criteria. Terms, conditions, fees and charges apply.
How does debt consolidation with an ANZ Personal Loan work?
Having multiple debts can be a little stressful at times. You might find yourself juggling several repayments coming out of your account at different times.
To help make your debts easier to manage, you could consolidate your existing debts into one easy to manage loan.
You can do this by applying for an ANZ Personal Loan and, if approved, using the funds from this loan to pay off your other existing debts, and then repaying your ANZ Personal Loan back over a set term. And in most cases, ANZ will be able to disperse the loan funds directly to the other lenders on your behalf to pay off your other debts.
The key benefits of consolidating your debts with an ANZ Personal Loan can include:
- having only one set of regular repayments to make;
- potentially paying less in fees and charges and being able to get a lower overall interest rate when compared to your existing debts; and
- having a clearer timeline to the day you can pay off your debt.
Examples of the types of debts that can be consolidated with an ANZ Personal Loan include credit cards, car finance, other personal loans, outstanding tax debt, store cards, and hire purchase instalment plans.
How to apply
Check you're eligible
To be eligible for a personal loan, you must:
be 18 years of age or older
earn a minimum of $15,000 per year
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.
Get your documents ready
Here’s what you’ll 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 your way
Apply in the way that suits you best. If you're short on time or need a little help we have a number of flexible application options for you to choose from.
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.
Actual repayment amounts may vary. To find out actual repayment amounts on your ANZ Personal Loan please contact us on 1800 801 485 between 8am to 8pm (AEST) weekdays.
ReturnInterest rates as at and are subject to change.
ReturnThese 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.
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 8pm (AEST) weekdays.
ReturnFixed 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 47kB) and ANZ Consumer Lending Terms and Conditions booklet (PDF 475kB).
ReturnTerms 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 308kB).
ReturnThere are various credit reporting agencies that can hold different information and you may have a credit report with more than one agency. However, ANZ uses the credit score provided by Equifax to determine the applicable interest rate, and therefore recommends that you access your credit report or credit score from Equifax or getcreditscore.com.au (who retrieve the credit score directly from Equifax) for a more accurate estimate.
ReturnThe interest rate shown using this calculator is an estimate of what your personalised interest rate could be based on the credit score and loan details you have provided. It is for illustrative purposes only and is based on the accuracy of the information entered, and your actual interest rate may vary when you complete an application and are approved. The estimate does not constitute a quote, loan approval, agreement or advice by ANZ and should not be taken as a guarantee that you will receive this interest rate. Your interest rate will be confirmed in your letter of offer (if approved).
ReturnFor the purposes of this calculator, the interest rate estimate is based on the current interest rate range applicable to ANZ Fixed and Variable Rate Personal Loans of to (comparison rate to ). Rates as at and are subject to change and may impact the estimate provided.
ReturnThe repayment amount shown using this calculator is an estimate based on the loan amount and loan term selected, and the credit score you have provided. The estimate is provided for illustrative purposes only and actual repayment amounts may vary when you complete an application and are approved. This calculation does not constitute a quote, loan approval, agreement or advice by ANZ. It does not take into account your personal or financial circumstances. To apply for an ANZ Personal Loan you must complete an application. For an ANZ Fixed or Variable Rate Personal Loan, the repayment amount shown on this calculator includes the Loan Approval Fee of $150, interest and monthly Loan Administration Charge of $10 .
Return