A personal loan to help electrify your home

Hoping to lower your energy costs and carbon footprint with efficient, electric appliances at home? With an ANZ Personal Loan, you can install solar panels, batteries, heat pumps and more energy solutions.

See loan options Check borrowing power

New maximum loan amount
Apply for a loan of up to $75,000

ANZ has partnered with RACV and Rapid Building Inspections who offer expert guidance on home electrification. Start your journey with a personalised energy efficiency proposal and inspection, then connect with RACV Trades to help upgrade and electrify your home. When you’re ready to take the next step, we’ll help you fund your upgrades with a personal loan with flexible repayment options and an interest rate tailored to you.

Choose a personal loan that works for you

I need stability

ANZ Fixed Rate Loan

Borrow $5,000 to $75,000 over 1 to 7 years.

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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 amount^disclaimer
No access to extra money paid (redraw)

Apply for fixed

The interest rate range shows the minimum and maximum rate that may apply. Your interest rate will be confirmed in your Letter of Offer (if approved).

I need stability

ANZ Variable Rate Loan

Borrow $5,000 to $75,000 over 1 to 7 years.

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Features

Ability to make early or extra repayments, or repay your loan early, without additional costs
Flexibility to increase your loan (subject to credit assessment)
Access to extra money paid (redraw)^disclaimer

Things to consider

Your interest rate and repayments may increase or decrease during the term

Apply for variable

The interest rate range shows the minimum and maximum rate that may apply. Your interest rate will be confirmed in your Letter of Offer (if approved).

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.

Early repayment charges (fixed rate loans only)

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).

Why choose an ANZ Personal Loan for energy efficient purchases

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 $75,000

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

Examples of energy efficient purchases using an ANZ Personal Loan

Solar panels
Electric vehicle chargers
Home batteries
Split system air conditioners
Heat pump hot water systems

Induction cooktops
Electric stoves/ovens
LED lighting upgrades
Battery storage systems

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. The better your credit score, the better your interest rate.^disclaimer This tool will also help you estimate your loan repayments with us.

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.

Borrowing power estimator 

Choose a personal loan that works for you

Want your loan repayments to stay the same even if interest rates change? An ANZ Fixed Rate Loan could be for you. Or perhaps you’d prefer to pay off your loan sooner with no exit fees? 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 your set up costs

While embracing a more energy efficient lifestyle is certainly the way forward, you need to factor in your set up costs and how long before you get a return on your investment.

For example, if it’s your forever home, then it may make sense to install solar panels and batteries, which could potentially lower your carbon footprint and save you money in the long term. But if you’re planning to move in the next few years, then it may pay to wait.

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 

Personal loan calculators

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.

ANZ’s environmental credentials

Financing sustainability

We want to be the leading Australian and New Zealand-based bank in supporting customers' transition to net zero emissions by 2050.

To this end, we’ve set a target to fund and facilitate at least A$100 billion by the end of 2030 towards improving social and environmental outcomes for our customers.

This includes initiatives that help lower carbon emissions, protect nature and biodiversity, increase access to affordable housing and promote financial wellbeing.^disclaimer

Learn more

We joined the Net-Zero Banking Alliance in 2021. Our Climate Change Commitment provides the framework to achieve our strategy of transitioning our lending to net zero in line with the goals of the Paris Agreement.

Your questions answered

General

How does an ANZ Personal Loan work?

ANZ offers two types of unsecured personal loans between $5,000 and $75,000. Both the ANZ Fixed Rate Loan and ANZ Variable Rate Loan can be used for a specific purpose, such as consolidating debt or a big purchase like buying a new or used car.

Before you apply for an ANZ Personal Loan, it’s important to figure out how much you could borrow, and what you can afford to repay.

Calculate how much you could borrow with an ANZ Personal Loan
Get an estimate of your potential loan repayments for an ANZ Personal Loan

If approved

When you are approved for an ANZ Personal Loan, you will be approved to borrow a specific amount of money. This will be transferred to your nominated bank account in a lump sum at the start of your loan term. You will need to repay the amount borrowed, along with interest accrued and any fees or charges incurred, in regular instalments over a set term.

You can choose a term between 1 to 7 years, depending on how long you think you will need to pay off the loan. You can have one set of regular repayments to line up with your pay cycle, such as weekly, fortnightly or monthly.

Learn more about:

the differences between the ANZ Personal Loans
the interest rates and fees on ANZ Personal Loans
how repayments work.

Are ANZ Personal Loans secured or unsecured?

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.

Can I pay off my loan early?

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).

What’s the difference between an ANZ Fixed Rate and Variable Rate Personal Loan?

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.

What are the fees and charges?

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

Can I apply for an ANZ Personal Loan if I already have an existing Personal Loan with another lender?

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.

What information do I need to have ready when applying 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.

Calculate how much you could borrow with an ANZ Personal Loan
Get an estimate of your potential loan repayments for an ANZ Personal Loan
Compare key features of the different types of ANZ Personal Loans.

If I’m not a permanent Australian resident, can I still get an ANZ Personal Loan?

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.

Do I need to pay stamp duty?

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.

Important information

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 (PDF) 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 234527.

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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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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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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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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