Know exactly where you stand with a set repayment plan and a competitive interest rate from the ANZ Fixed Rate Personal Loan.
The ANZ Fixed Rate Personal Loan offers peace of mind in the form of consistency and availability. Know exactly how much to budget each month and protect yourself when interest rates start to rise again. Suitable for a range of purposes including buying a new or used car, the ANZ Fixed Rate Personal Loan can cover your next big purchase.
| Product Name | ANZ Fixed Rate Personal Loan |
|---|---|
| Interest Rate (p.a.) | 10.99% (fixed) |
| Comparison Rate (p.a.) | 11.87% |
| Interest Rate Type | Fixed |
| Min Loan Amount | $5,000 |
| Max. Loan Amount | $50,000 |
| Loan Security | Unsecured |
Pros
- No security required
- Available to self-employed borrowers
- Repay the loan over 7 years
Cons
- $10 monthly fee
- Application fee of $150
- You may also incur early repayment costs
Main points to consider about the ANZ Fixed Rate Personal Loan
With the ANZ Fixed Rate Personal Loan, the emphasis is on reliability. It is an unsecured personal loan so you won’t have to use any assets as collateral and you will know exactly what to expect each payment period. While this is great for budgeting purposes, be aware that fees and charges apply when you make additional payments or decide to exit early from the plan.
If you are seeking more flexibility in repayments and redraw facilities, ANZ also offers a variable rate personal loan.
Features of the ANZ Fixed Rate Personal Loan
- Interest rate. The interest rate for this loan is 10.99% p.a. interest for the life of the loan, with a 11.87% p.a. comparison rate.
- Loan amount. The minimum amount that can be borrowed with the ANZ Fixed Rate Personal Loan is $5,000 and the maximum amount that can be borrowed is $50,000.
- Loan term. The length of the loan can vary between 1 year(s) and 7 year(s), depending on what works for you.
- Unsecured loan. You will not have to tie any assets to the loan as security.
Fees to consider
There is a loan approval fee of $150 which is charged when your loan is approved. A $10 monthly administration fee is also charged at the end of each quarter and early repayments apply.
How to apply for the ANZ Fixed Rate Personal Loan
If the ANZ Fixed Rate Personal Loan meets all the requirements you have in a personal loan, read what ANZ needs from you and then click "Go to Site".
Are you eligible?
To meet the minimum eligibility criteria for this loan, you must:
- Be at least 18 years of age
- Currently reside in Australia. Temporary residents may still be eligible to apply but will have to meet specific visa and income verification requirements.
- Have a regular income
- Have a good credit rating
- Be looking to borrow at least $5,000
Documents you will need to provide
- Current driver’s licence
- Current and previous employer’s address
- Details of your income, assets, expenses and liabilities. If you are self-employed, you will need to provide your last two tax returns and your accountant’s details
- Your ANZ account number if you are a customer
Within 60 seconds of completing your online application, you will find out if you have been approved. Confirmation will be sent to your email address and you may be asked for further information. Loans can generally be finalised within 24-48 hours. Make sure you compare the loans available when looking to commit to a personal loan. As one of Australia’s leading banks, ANZ offers this competitive option for a fixed rate personal loan. Apply now to secure yours.
I have a mark against my name for a phone bill when i was in hospital. It was paid as soon as i was made aware of it. I was told i had no mark or would not get one if it was paid. I was lied to and ended up with it. Will that prevent me getting a loan? My credit score is 580
Hi Tom,
Thanks for contacting finder, a comparison website and general information service. I hope you are doing fine today.
It doesn’t mean that you’re not eligible to apply for a loan. You may check this page for a list of loan options for you.
You may also check this link for a list of unsecured loan options.
To improve your chances of getting approved for a loan, please ensure that you meet the eligibility criteria and requirements of the loan option or lender and make sure to read the details, as well as the relevant Product Disclosure Statements / Terms & Conditions of the loan option before making a decision and consider whether the product or option is right for you.
I hope this helps.
Best regards,
Judith
Hi there,
Just hoping to gain insight into ALL of the prerequisites required when applying for a loan. I know some banks require you to be in your current job for 90 days – is ANZ one of the banks that do?
It’s all a little vague online so was hoping you may be able to assist.
Many thanks!
Hi Jade,
Thanks for your inquiry.
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
Details to have handy
-Income, employment, and financial commitment details ( So maybe they require you to be in your current job)
Driver’s license (if you have one)
Your ANZ account number or Customer Registration Number (if you have one)
Hope this information helped.
Cheers,
Arnold
Hi I am an ANZ customer with home loan many accounts and credit card I wish to pay off credit cards and some other loans but am a single parent with two dependants. What loan would be best
Hi Karan,
Thanks for reaching out.
If you wish to consolidate your debts with ANZ, please review the criteria and if you think you meet them, please click on the “Go to site” button above to head over to ANZ’s website and submit your application there.
Meantime, if you also like to check your other options, you may read the guide on this page and contact the lender directly to discuss your options and eligibility.
Cheers,
May
If I pay my loan early, then how much penalty would be charged
Hi Zaeem,
Thank you for your inquiry.
If you pay off some or all of your loan early, you will incur $300 Early Repayment Administration Fee. You may also be charged early repayment costs. You can find out more on how an early repayment cost is calculated on ANZ’s official site. Please click the “Go to site” button above to be redirected to their site.
Cheers,
May
Where can I find the interest of the fixed rate personal loan monthly?
Hi Mo,
Thank you for your enquiry.
The interest rate of ANZ fixed rate personal loan is 13.95% p.a., with a 14.81% p.a. comparison rate, for the life of the loan.
You may also check out this link for a comparison of fixed rate personal loans offered by different lenders or banks.
Kind regards,
Jason
I currently have a loan with anz.
I have credit cards that with other companies.
I am asking about a debt consolidation loan so I can
Just pay one payment and one Interest rate.
Could I have some advice please.
Hi Julie,
You can apply to “top up” your personal loan in order to consolidate your debt. However, as this is considered a new personal loan application breakage fees and early repayment costs will apply. You can contact ANZ directly to discuss your eligibility.
I hope this helps,
Elizabeth
Hi,
I am an Australian citizen but work overseas, therefore I don’t lodge tax return in Australia or pay tax here.
Am I eligible for a CAR LOAN in Australia?
(The car will be used by my wife who resides in Australia)
Hi Lech,
You need to be a current Australian resident to apply for this loan, as this is a special case ANZ may not approve you if you do not spend the majority of your time in Australia and have a permanent address outside of Australia. When you fill out your online application you will need to list an Australian address as your place of residence. You may need to get in touch with ANZ to confirm this – I’ve emailed you their overseas contact number and contact information page.
I hope this will help.
Thanks,
Elizabeth
Hi there ..I am a anz customer and i have a credit card with you , due to some unexpected circumstances my credit card is maxed out but i am paying my minimums payments every week n month as i have higher interest rate in the credit i was thinking if i could apply for some personal loan as i am back to work and work full time ..just wondering if i apply for what are the chances of getting approve
Hi Raju,
Thanks for your comment. You’ve actually come through to finder.com.au and not ANZ. If you’d like to get in touch with ANZ about your issue please use the links above to go to their site and enquire directly with them
Cheers.
Matt
Hi,
I’m interested in getting a personal loan and wanted to know the requirements for the temporary resident. my visa will get expired at the end of the year but i’m applying for the permanent residency on March next year.
Regards,
Marvin
Hi Marvin,
Thanks for your question.
If you are not a permanent Australian resident, you may still be eligible to apply but will be required to meet specific visa and income verification requirements. ANZ recommends that you visit them in a branch or call them directly to discuss your application.
Cheers,
Shirley