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Personal loan for home renovation and improvements

There’s always something to do around the house, isn’t there? But whether it’s upgrading that old bathroom or buying a fancy new oven, you need money to get it done. Consider putting your plans in motion with an ANZ Personal Loan.

 

 

 

 

 

 

 

Choose a personal loan that works for you

ANZ Fixed Rate Loan

I need stability

fees

disclaimer,disclaimer

Reduced interest rate offer ends 3 June 2022 (eligibility criteria, and terms and conditions apply)

disclaimer

Comparison rate

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

rates and fees

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 Fixed Rate Loan benefits

ANZ Variable Rate Loan

I prefer flexibility

fees

disclaimer,disclaimer

Reduced interest rate offer ends 3 June 2022 (eligibility criteria, and terms and conditions apply)

disclaimer

Comparison rate

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)

Same-day cash in your ANZ everyday account if approved in branch by midday Monday to Fridaydisclaimer

 

Trade-offs

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

 

Fees & charges

rates and fees

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

ANZ Variable Rate Loan benefits 

Calculators

Your details

How much do you earn?

$/ year
$/ year
$/ year
$/ year

How much do you spend?

$/ monthRequired
$/ month
$/ month
$

The borrowing power shown using this calculator is an estimate, based on information you have provided. It is provided for illustrative purposes only and actual borrowing capacity may vary. To find out actual borrowing capacity, contact us. 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.  All applications are subject to ANZ’s credit assessment criteria. Terms, conditions, fees and charges apply. ANZ will not store the information provided in this calculator.

The borrowing calculator is based on ANZ Variable Rate Personal Loan, over a seven year term, with monthly repayments and our current standard variable rate:  (comparison rate: ). The interest rate applicable to ANZ Fixed Rate Personal Loan is currently  (comparison rate: ).

This comparison rate is based on a $30,000 Personal Loan for a five year term. This rate is applicable for unsecured loans only. 

WARNING:
 This Comparison Rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Loan amount

$
p.a.
p.a.

 

The repayment amount shown using this calculator is an estimate, based on information you have provided. It is provided for illustrative purposes only and actual repayment amounts may vary. To find out actual repayment amounts, contact us. 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. All applications are subject to ANZ’s credit assessment criteria. Terms, conditions, fees and charges apply. ANZ will not store the information provided in this calculator. For more important information about the interest rates and repayment amounts shown in this calculator, see the ‘Important Information’ section at the bottom of this page.

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.

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.
 

Get started

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.

Rates as at  and are subject to change without notice.

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This offer interest rate shown is inclusive of a discount on the ANZ Personal Lending Index Rate (which is subject to change). This offer will only be available to customers who apply for an ANZ Fixed Rate Personal Loan, are approved, and draw down on their ANZ Fixed Rate Personal Loan before 4 June 2022. This interest rate is subject to change. This interest rate offer may be withdrawn or changed at any time without notice.

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This comparison rate is based on a $30,000 Personal Loan for a five year term. This rate is applicable for unsecured loans only. 

WARNING:
 This Comparison Rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

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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 8pm (AEST) weekdays.

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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 47kB) and ANZ Consumer Lending Terms and Conditions booklet (PDF 475kB).

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This offer interest rate shown is inclusive of a discount on the ANZ Personal Lending Index Rate (which is subject to change). This offer is only available to customers who apply for an ANZ Variable Rate Personal Loan before 4 June 2022. This interest rate is subject to change. This interest rate offer may be withdrawn or changed at any time without notice.

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Total loan repayments and repayment amount

For an ANZ Secured Car Loan, the total loan repayments shown is an estimate based on the total loan repayments, total interest and the Loan Administration Charge of $5 per month, but does not include the Establishment Fee of $350 and other fees which may be incurred such as late payment fees. The repayment amount is an estimate based on the loan amount, interest and the Loan Administration Charge of $5 per month, but does not include the Establishment fee $350. If the Establishment Fee is financed as part of the ANZ Secured Car Loan, the regular repayment amount will be higher than the amount stated on the calculator.

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Comparison rate

For ANZ Variable and Fixed Rate Personal Loan

For the purposes of this calculator, the following default interest rates are used and are subject to change:

Fixed interest rate:    (comparison rate: )

Variable interest rate:    (comparison rate: )

This comparison rate is based on a $30,000 Personal Loan for a five year term. This rate is applicable for unsecured loans only.

WARNING: The 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 a different comparison rate.  

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Interest rate

For ANZ Variable or Fixed Rate Personal Loan

For the purposes of this calculator, the following default interest rates are used and are subject to change:

Fixed interest rate:    (comparison rate: )

Variable interest rate:    (comparison rate: )

This comparison rate is based on a $30,000 Personal Loan for a five year term. This rate is applicable for unsecured loans only.

WARNING: The 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 a different comparison rate.

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