ANZ Variable Rate Personal Loan

Borrow between $5,000 and $50,000 with a variable interest rate of 10.50% p.a. Loan approval fees and administration fees apply.

With ANZ’s variable rate personal loan, you can borrow from $5,000 up to $50,000. You can choose a loan term period between 1 to 7 years. This loan allows you to make extra repayments for free and redraw these payments for no charge. This is a variable rate loan, which means that your repayments could change on a monthly basis. Interest rates start from 10.50% p.a., with a comparison rate of 11.38% p.a. You will also be charged a loan approval fee of $150 and a recurring administration fee of $10 per month, charged at the end of each quarter.

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10.50% (variable)

Interest Rate (p.a.)


Comparison Rate (p.a.)


Min Loan Amount

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Product NameANZ Variable Rate Personal Loan
Interest Rate (p.a.)10.50% (variable)
Comparison Rate (p.a.)11.38%
Interest Rate TypeVariable
Min Loan Amount$5,000
Max. Loan Amount$50,000
Loan SecurityUnsecured
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Main points 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.

Features of the ANZ Variable Rate Personal Loan

  • Interest rate. The current variable rate is 10.50% p.a. with a comparison rate of 11.38% p.a. Credit, eligibility criteria and terms and conditions apply.
  • Loan term. The loan term is flexible and you can choose a period from 1 to 7 years.
  • 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

  • Loan approval fee. You'll need to pay $150.
  • Administration fee. You'll be charged a fee of $10 per month, charged at the end of each quarter.
  • Late payment fee. You'll need to pay a fee of $20.

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 10 minutes to apply, 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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Important Information*
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Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 5.35% p.a. and based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.

Logo for ANZ Fixed Rate Personal Loan
ANZ Fixed Rate Personal Loan

You'll receive a fixed rate of 8.99% p.a.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 years to 7 years loan terms available. This loan comes with no fees for extra repayments and no early exit fees.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 5.95% p.a. and 19.99% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

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    Default Gravatar
    November 7, 2017

    I just tried to consolidate my debt at a branch. I receive a salary continuance from OnePath and on occasion they don’t get it in my account by the time my personal loan repayment is due. Hence my once perfect credit rating has been demolished. Is there a way that I this can be rectify so that I may consolidate rather than declare bankruptcy?

      Avatarfinder Customer Care
      November 13, 2017

      Hi Cheryl,

      Thanks for reaching out to Finder.

      Our review on debt consolidation misconceptions discusses advantages, effects etc of debt consolidation and it’s difference between bankruptcy.

      Part of the information found on your credit report would be details of any overdue debts you might have, payments you’ve missed on loans and utility bills, and bankruptcies.

      If you believe that there might have been errors in declaring missed payments or such, you can call your creditor and see if this can be corrected. Lastly, you may refer to our guide on how you can deal with mistakes on your credit file.


      Avatarfinder Customer Care
      November 7, 2017

      Hi Cheryl,

      Thanks for reaching out to Finder.

      If your debt consolidation loan provider is ANZ, you may reach out to them to move your repayment due date. If you haven’t proceeded to debt consolidation you may refer to the lender listed on our personal loans for debt consolidation page to compare your options. Our comparison table will help narrow down your options.

      Please click the name of the lender or the “More info” link to be redirected to our review page and learn more about the lender’s loan offer, rates, and requirements as well as the pros and cons of using their loan service. When you are ready, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.

      Best regards,

    Default Gravatar
    February 17, 2017

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

      Avatarfinder Customer Care
      February 17, 2017

      Hi Vera,

      Thank you for your question!

      While I can’t tell you exactly whether you will be approved or not, the best thing you can do is check the eligibility requirements of your chosen loan product.

      Thankfully, you can check providers who lend 1,000 AUD. Open that link and on that page, there are lenders listed on our comparison table. Compare them based on various details. Once you’re done, select the “Go to Site” button to be redirected safely to your chosen lender’s website.

      Please make sure that you have read the relevant T&Cs or PDS of the loan products before making a decision. Moreover, check the eligibility requirements as well and consider whether the product is right for you.

      Also if you can, contact first the lender and discuss your options and chances of approval before you send anything final for your application.

      I hope this helps. Should you have further questions, please don’t hesitate to reach out again.

      Have a wonderful day!


    Default Gravatar
    October 19, 2016

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

      Avatarfinder Customer Care
      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 requirement, you can check other Centrelink loans featured on our website.

      Hope this helps,


    Default Gravatar
    January 18, 2016

    Can my employer go guarantor to improve my application chances.

      Avatarfinder Customer Care
      January 18, 2016

      Hi Victor,

      This loan is available as a joint application personal loan, but not as a “guarantor” personal loan. You can learn how guarantor personal loans work and compare your options.

      Please ensure to read through the relevant product disclosure statement and terms and conditions of the loan to ensure that you got everything covered before you apply.

      I hope this helps.


    Default Gravatar
    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
      March 9, 2015

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

      Avatarfinder Customer Care
      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.



      Avatarfinder Customer Care
      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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