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Get the flexibility to make extra repayments

ANZ Variable Rate Personal Loan

Apply now Interest rates & fees

 

Whether you’re looking to buy a new car, take a holiday, renovate your home or you want to consolidate debt, we could help you with an ANZ Variable Rate Personal Loan.

 

 

Loan features

Your loan, your way

Features



Freedom to pay it off soonerdisclaimer

You can make extra repayments whenever you like to reduce your loan term and interest you pay, helping you to pay it off sooner.disclaimer
 


Flexibility to increase your loan amount

If you need a bit extra, you could apply to increase your loan if your plans get bigger. If approved, you'll continue to have one loan amount and one repayment schedule.


Fast access to extra money you’ve paid

You can choose to redraw additional loan repayments you have made at no extra cost (terms and conditions apply).

 

 


Get the money quickly

If you apply in branch and are approved by midday Monday to Friday, you can have the money in your existing ANZ everyday account on the same day.disclaimer

Rates and fees

The important numbers

interest rates
Your interest rate From disclaimer*
Comparison interest rate disclaimer
Minimum loan amount $5,000 
Maximum loan amount   $75,000

*Important: The interest rate applicable to your variable rate personal loan, if approved, will be between  and 16.69% p.a. depending on a number of factors, including the information you provide us and our assessment of your application. If approved, we will confirm your actual interest rate in your letter of offer.

interest rates
Loan approval fee $150 (one-off payment)
Loan administration charge $10 per month, charged at the end of each quarter
Minimum loan term 1 year
Maximum loan term 7 years

Calculators

Now let's do the maths

How much could I borrow?

Get an indication of how much you may be able to borrow

What could my repayments be?

Get an estimate of your potential loan repayments

Get help with your loan repayments if things don’t go to plan.

ANZ Loan Protection is an insurance that could help with your ANZ Personal Loan repayments if the unexpected stops you from working. So if you can’t work due to an illness or injury, or if you’re made redundant, you can still stay on top of your loan repayments.disclaimer,disclaimerAnd if you unexpectedly pass away, your outstanding debt will be paid off for you, up to $100,000. You’ll also get a 0.25% p.a. discount on your ANZ Personal Loan interest rate as long as you have ANZ Loan Protection.

   

Eligibility

Can I apply?

To be eligible, you need 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  

What is a valid visa? 

Details to have handy

  • Income, employment and financial commitment details
  • Driver's licence (if you have one)
  • Your ANZ account number or Customer Registration Number (if you have one)
   

How to apply

What happens when you click 'Apply now'

1

Complete the application in about 10 minutes

Please make sure you have the details handy – we’ve listed them above.

2

We'll respond to your application

We’ll email you to confirm your application has been received and explain the next steps.

3

If approved, you'll receive the funds

If you accept our offer, we’ll put the money in your account.

Apply now

Get a response in 60 seconds.

Other ways to apply: Visit any ANZ Branch or call a loan specialist on 1800 339 410

Mon to Fri, 8am to 8pm (AEST)

FAQs

Get your questions answered

 What is redraw?

If you have an ANZ Variable Rate Personal Loan, our redraw feature allows you to access the extra money you've repaid. You could take out money you’ve paid above your minimum monthly repayments.

You can redraw for any reason you like.  

  • It's simple and easy
  • It won’t change your minimum repayment amount
  • You can have the money in your ANZ account instantly 

You should consider any redraws will be debited to your loan account and will incur interest on the same basis as principal owing under your loan. The amount withdrawn can only be cleared funds. ANZ can adjust the amount of your loan repayments to ensure you meet your loan term. 

To redraw your available funds, just transfer the money in ANZ Internet Banking or call 1800 801 485 (8am to 8pm AEST).

Redraw is not available on the ANZ Secured Car Loan or ANZ Fixed Rate Personal Loan.

To find out more, read our Consumer Lending terms and conditions brochure (PDF 475kB).

  What’s the difference between a variable and fixed rate Personal Loan?

A fixed rate personal loan gives you the certainty of fixed repayments throughout the loan, but there will be charges if you’d like to make early or extra repaymentsdisclaimer and your repayments won't change even if rates decrease. With a variable rate personal loan, your interest rate may change 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 if you likedisclaimer.

If you repay some or all of your ANZ Secured Car Loan (which is a fixed rate loan) early, additional fees and charges will apply. Please refer to ANZ Secured Car Loans - what happens if you repay some or all of your loan early (PDF 44kB).

  What’s a comparison rate?

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 https://www.moneysmart.gov.au/.

  Can I pay off my loan early?

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

With a fixed rate personal loan if additional payments are made, charges may be applied.

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).

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

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A Deferred Establishment Fee will apply if you repay your ANZ Variable Rate Loan within 12 months of the date of advance.

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Applies to applications made in-branch only. Funds need to be paid into an existing ANZ everyday account. For a full list of ANZ everyday accounts, please contact us on 1800 801 485 between 8am to 8pm (AEST) weekdays.

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Rates as at  and subject to change.

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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 applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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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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For ANZ Secured Car Loan

This comparison rate is for an ANZ Secured Car Loan with an amount financed of $30,000 and a term of 5 years.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

For ANZ Variable and Fixed Rate Personal Loan

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 applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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For ANZ Secured Car Loan

The special online only rate is only available to approved applicants who apply for an ANZ Secured Car Loan online. You may receive a different rate if you apply for an ANZ Secured Car Loan through other channels such as an ANZ branch or over the phone.  Interest rates are subject to change.

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: )

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Pre-existing condition exclusion applies: Any sickness, accident or condition that: is the subject of a medical consultation during the six months immediately before the policy commencement date, and leads directly or indirectly to death or disablement in the first six months immediately after the policy commencement date, wont be covered.

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There is no cover available for the Disability benefit or Involuntary Unemployment Benefit if you are working in a permanent part time, casual, contract or temporary capacity or you are self-employed for less than 10 hours per week.

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Early repayment costs apply if you repay your loan early during a fixed interest rate period.

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