ANZ Variable Rate Personal Loan

Rates and fees last updated on

Enjoy flexibility and access to cash with the ANZ Variable Rate Personal Loan.

Whether you’re looking to buy a car, pay for your education or consolidate your debt, ANZ’s Variable Rate Personal Loan can provide the funds you may need with flexible repayment options.

Things to consider about the ANZ Variable Rate Personal Loan

The ANZ Variable Rate Personal Loan is loaded with user-friendly benefits, including a redraw facility and the option to pay your loan off faster. As this is an unsecured personal loan, you won’t need to tie up any assets as security. For those who want the consistency of knowing exactly how much to budget for each month, ANZ also offers a fixed rate option.

Product NameANZ Variable Rate Personal Loan
Interest Rate (p.a.)From 15.99% (variable)
Comparison Rate (p.a.)16.84%
Interest Rate TypeVariable
Min Loan Amount$5,000
Max. Loan Amount$50,000


  • No penalty for extra repayments
  • Available to self-employed borrowers
  • Access extra repayments with a redraw facility


  • $10 fee charged each quarter
  • You may also incur early repayment costs

Features of the ANZ Variable Rate Personal Loan

  • Interest rate. The current variable rate is 15.99% p.a. (including the special offer) with a comparison rate of 16.84% p.a.
  • Loan term. The loan term is flexible and you can choose a period from 1 year(s) to 7 year(s).
  • Loan amount. The minimum loan amount is $5,000 and the maximum loan amount you can borrow is $50,000.
  • Repayment options. You can make extra repayments for free. This will help you pay off your loan faster and save on interest.
  • Redraw facility. If you are ahead on your payments you can access the extra money you’ve paid to spend on whatever you like. It can be transferred to your ANZ account instantly with no extra cost or approval needed.

Fees to keep in mind

There is a loan approval fee of $150, while a monthly loan administration fee of $10 is charged every three months.

How to apply for the ANZ Variable Rate Personal Loan

To get approved for a Variable Rate Personal Loan from ANZ, click ‘Go to Site’ to be transferred securely to ANZ’s online application form. It will take approximately 20 minutes to complete, but first make sure you meet the criteria below.

Eligibility criteria

To meet the minimum criteria you must:

  • Be at least 18 years of age
  • Currently reside in Australia. If you are not a permanent resident you may still be eligible, but you will need 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

Documentation required

  • Current driver’s licence
  • Current and previous employer’s address
  • Details of your income, assets, expenses and liabilities
  • Your ANZ account number if you are a customer

Approval will be granted automatically if you meet the criteria specified. Confirmation will then be sent to your email address and you may be asked for further information before the loan is finalised and funds made available to you.

It’s important to compare the features you want for in a personal loan before making a final decision. If you are looking for a personal loan with maximum flexibility, ANZ’s Variable Rate Personal Loan may be worth considering for budget-savvy borrowers.

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This page was last modified on 30 November 2016 at 9:19am.

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10 Responses to ANZ Variable Rate Personal Loan

  1. Default Gravatar
    Vera | February 17, 2017

    I just want to borrow $1000; is it possible?

    • Staff
      May | February 17, 2017

      Hi Vera,

      Thank you for your question and for contacting – we are a financial comparison website and general information service designed to help consumers make better decisions. Please note that we are not affiliated with any company we feature on our site.

      If you are looking for a lender that can let you borrow $1,000, please refer to this page. Please review the criteria, the details of the loan and contact the lender directly to discuss your eligibility and options.

      Hope this helps.


  2. Default Gravatar
    Jan | October 19, 2016

    Are Centrelink Disability Pensions and other Centrelink payments included in the income criteria?
    Or is it just income from paid employment?

    • Staff
      Elizabeth | October 20, 2016

      Hi Jan,

      ANZ considers Centrelink applicants for personal loans, but you need to earn at least $15,000 p.a. If you don’t meet this criteria you can see your other options on this page.

      Hope this helps,


  3. Default Gravatar
    Victor | January 18, 2016

    Can my employer go guarantor to improve my application chances.

    • Staff
      Elizabeth | January 18, 2016

      Hi Victor,

      This loan is available as a joint application personal loan, but not as a “guarantor” personal loan. You can find out more about guarantor personal loan options on this page.

      I hope this has helped.



  4. Default Gravatar
    Edwin | December 30, 2014

    My husband and I are on a full Australian pension and we both get partial English pensions is it possible to apply for personal loan

    • Default Gravatar
      ROWENA | March 9, 2015

      I would like to borrow loan for $5000 just to get hilux for $5000 grand if that’s okay

    • Staff
      Elizabeth | March 10, 2015

      Hi Rowena,

      Thanks for your question.

      To apply for this loan you should first check that you meet the eligibility criteria (listed on the page above) and then click ‘Go to Site’. The application will be handled by ANZ directly.

      I hope this has helped.



    • Staff
      Elizabeth | December 31, 2014

      Hi Heather,

      Thanks for your question.

      The eligibility criteria for an ANZ personal loan is that you currently reside in Australia and receive a regular income, so if you can satisfy this criteria (as well as any other set by ANZ) then you should be able to apply.

      I hope this has helped.



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