ANZ Online Secured Car Loan

Information verified correct on March 29th, 2017

Enjoy a quick approval time so you can get into your new car sooner.

If you're purchasing a new, demo or used car or motorbike or are even looking to refinance a vehicle less than seven years old, the ANZ Car Loan might be a loan worth considering.

ANZ can provide you with a lending decision within three hours. It comes with a competitive fixed rate and flexible repayments options, so read on to find out if it's the right loan for you.

Things to consider with the ANZ Online Secured Car Loan

Product NameANZ Online Secured Car Loan
Interest Rate (p.a.)From 6.99% (fixed)
Comparison Rate (p.a.)7.84%
Interest Rate TypeFixed
Minimum Loan Term1 year
Maximum Loan Term7 years
Min Loan Amount$7,500
Application Fee$350
Monthly Service Fee$5
Loan SecuritySecured

Pros

  • Lower special online interest rate
  • Quick application process
  • Choose weekly, fortnightly or monthly repayments

Cons

  • Minimum amount being financed is $7,500
  • $350 application fees applies
  • $5 ongoing service fee each month

As this is a secured loan, the vehicle you're looking to purchase will need to be eligible as a guarantee. To be eligible for this loan the car or motorcycle must be less than seven years old and you must be purchasing it for personal use. You can also be refinancing an eligible vehicle. Also, be aware that you're not able to make additional repayments or pay out your loan early without attracting penalty fees and/or break costs.

Features of the ANZ Secured Car Loan

  • Fixed rate. The ANZ Secured Car Loan has a competitive fixed rate of 6.99% p.a. so your repayments will remain the same for the entirety of your loan term.
  • Flexible loan purpose. The car you're looking to finance can be a new, demo or used car that's less than seven years old, a motorbike less than seven years old, or you can be refinancing a vehicle that fits any of these descriptions.
  • Minimum loan amount. The minimum amount you can borrow with this loan is $7,500, making it suitable for a wide range of vehicle purchases. The maximum loan amount depends on ANZ's assessment criteria.
  • Repayment options. You can choose to make your repayments for this loan every week, fortnight or month.
  • Quick application process. You can apply directly with ANZ online within 20 minutes. You'll receive a decision within three hours of applying.
  • Establishment fee. The ANZ Secured Car Loan has an establishment fee of $350. This fee is payable once you're approved and includes the costs of valuations, loan processing and documentation costs.
  • Administration charge. The charges for administration of the loan are $5 per month.

How you can apply for the ANZ Secured Car Loan

Applying for the ANZ Secured Car Loan is simple and easy – to begin, just click "Go to Site". The application won't take more than 20 minutes to apply and if approved, you will be contacted within three hours. First, make sure you meet each of the eligibility criteria listed below:

To be eligible for the ANZ Secured Car Loan you must:

  • Be at least 18 years of age
  • Be a permanent Australian resident or a valid work visa (457 or other diplomatic visas)
  • Have current employment or be a self-funded retiree
  • Not currently be bankrupt
  • Be looking to finance a car or motorcycle that's less than seven years old
  • Want to borrow at least $7,500

You'll also need the following details on hand to complete your application:

  • Current Australian driving licence, if you have one
  • Your employer's details including contact numbers and name, or if you've changed jobs in the last three years, your previous employer's details
  • Details regarding your income, expenses, assets and liabilities which includes details of other loans and credit cards.

The confirmation details will be sent to your email address to explain the next steps. Usually, the ANZ team will contact you within three hours of application if you have been approved to discuss your quote and advise you further. Then, the contract will be sent to you to complete.

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26 Responses to ANZ Online Secured Car Loan

  1. Default Gravatar
    Robert | March 26, 2017

    Hi I’ve been put on a disability pension . I am in the middle of getting all my superannuation out to get a car and a boat but due to getting taxed so much . With what I have left after buying a car I’ve got 20000 grand to buy boat at the moment. I need to lend another 20000 for boat that I want . Would it be hard to loan so much being on a pension to witch I could find it ok to pay repayments of 300 a month . Taking into account of my assets I already have witch would cover the loan

    • Staff
      May | March 27, 2017

      Hi Robert,

      Thank you for your inquiry.

      Although we’re not sure if you’ll be approved for a loan or not, you can review the criteria, guide on getting a loan and contact a lender featured on this page.

      Cheers,
      May

  2. Default Gravatar
    Dean | December 30, 2016

    Hi my wife wants to re finance her 2013 car payout is 25000 could she get a 7 year loan term?

    • Staff
      Anndy | December 30, 2016

      Hi Dean,

      Thanks for your question.

      ANZ Online Secured Car Loan is suitable for those who are refinancing cars that are less than 7 years old, with a maximum loan term of 7 years and a minimum loan amount of $7,500. While these details seem to fit what you are looking for, please do note the eligibility criteria to apply for this loan before submitting your application.

      You may also want to check out other car loans for refinancing purposes as listed here.

      Cheers,
      Anndy

  3. Default Gravatar
    vicki | September 13, 2016

    I wish to get a new car loan secured for 26,000. The car will be in two names as will the loan. One person on the loan is a discharged bankrupt with no current loans or credit cards.

    The other is a part time worker on the age pension.

    Both have very secure jobs and can easily service the loan. Is it worthwhile applying?

    • Staff
      Elizabeth | September 14, 2016

      Hi Vicki,

      If you both meet the criteria listed above (employed, Australian residents, etc.) then you may be eligible for the loan. However, ANZ will take into account both of your financial positions when determining your ability to afford the loan. If you have specific questions regarding your eligibility it may be better to confirm them with ANZ directly.

      Hope this helps,

      Elizabeth

  4. Default Gravatar
    Alan | August 11, 2016

    I need a commercial loan for a work van?

    • Staff
      Anndy | August 16, 2016

      Hi Alan,

      Thanks for reaching out.

      Please note that you will only be eligible to apply for the ANZ Online Secured Car Loan if you are purchasing a car for personal use.

      If you are looking for a commercial loan to buy a work van, you can compare your loan options through this page. Please do check the eligibility criteria of each loan before submitting an application online.

      Cheers
      Anndy

  5. Default Gravatar
    Pao | June 16, 2016

    My vehicle is over 7 years old, 2007 model, payout is 33000, i would like to re finance since my rate is 24% so would like a better option in my repayments. Anything suitable with anz or lenders?

    • Staff
      Elizabeth | June 17, 2016

      Hi Pao,

      I can’t recommend a specific lender to you, but as the vehicle is older you might want to compare some of your options on this page.

      I hope this helps,

      Elizabeth

    • Default Gravatar
      Annie | January 16, 2017

      My car is 2010 and I would like to refinance with u guys as I bank with u but if I go into one of ur offices and I get rejected it does it go on my credit rating? I have a personal loan of $10k so I’m worried I will but according to ur calculator with whom I’m with I’m paying them double to wat u offer but I only have 3 years left on it, another thing I’m worried about it is having another 5 years over my head, could someone please email me back so I can pass on my number and talk to someone please.
      Kind regards
      Anthea

    • Staff
      May | January 17, 2017

      Hi Anthea,

      Thanks for your question and for contacting finder.com.au – a financial comparison website and general information service designed to help consumers make better decisions. We do not represent ANZ or any company we feature on our pages.

      All credit applications are recorded in the credit file, so whether you are approved or not, it will surely appear in your credit file. I would suggest that you contact ANZ first before you submit any final application to refinance your car loan with them so you can discuss your chances of approval.

      Meantime, if you’d also like to get a guide on refinancing your car loan and if you’re looking at options with other lenders, you may check this page.

      Hope this helps.

      Cheers,
      May

  6. Default Gravatar
    jake | April 4, 2016

    Is there an early exit fee with this product?

    • Staff
      Elizabeth | April 4, 2016

      Hi Jake,

      This loan comes with a $50 administration fee plus $680 pro-rata for unrecovered costs of providing the loan if you choose to repay it early.

      To find out the early exit fees for more loans on finder.com.au, you can take a look at this page.

      Hope this will help,

      Elizabeth

  7. Default Gravatar
    Paros | December 3, 2015

    “To be eligible for this loan the car must be less than seven years old.”

    Would this mean the car/bike would have to be a 2008 or 2009 model given it is 2015?

    • Staff
      Elizabeth | December 3, 2015

      Hi Paros,

      The vehicle would need to be a 2008 model to be less than seven years old. It would be best to get in touch with ANZ to find out the eligibility of your vehicle.

      Thanks,

      Elizabeth

  8. Default Gravatar
    Alison | October 17, 2015

    I’m on a single parent pension and Family tax benefit A&B and have just gained casual employment. How long would I need to work for before I would be considered for a loan?

    • Staff
      Matt | October 19, 2015

      Hi Alison,

      Thanks for your comment. Unfortunately we are not in a position to comment on lending criteria as each institution have different criteria attached to each loan.

      If you’d like to get in touch with ANZ directly you may find out more information.

      If you’d like to compare a range of loans for casual employees you can read our guide here.

      I hope this has helped

      Cheers
      Matt

  9. Default Gravatar
    rob | July 6, 2015

    could I borrow for a new caravan and is it at the same rate

    • Staff
      Elizabeth | July 6, 2015

      Hi Rob,

      Thanks for your question.

      You’re able to use this loan to finance the purchase of a caravan but a few conditions need to be met. These include that you purchase the caravan through a dealership (not a private sale) and also that you currently own your own home either outright or with a mortgage.

      I hope this has helped.

      Thanks,

      Elizabeth

  10. Default Gravatar
    kevin | June 3, 2015

    I am a temporary resident and have visa of two years. I would be a permanent resident in an year. I have a very good credit history and pay to repay my loan. Would i be provided any sort of loan personal or car loan?

    • Staff
      Elizabeth | June 4, 2015

      Hi Kevin,

      Thanks for your question.

      To be eligible for this loan you need to be a permanent Australian resident or hold a valid work visa – either a 457 Visa or other diplomatic visa. You can compare your other personal loan options available for temporary residents on this page.

      I hope this has helped.

      Thanks,

      Elizabeth

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