Get the Finder app 🥳

Connect your accounts & save

ANZ Variable Rate Personal Loan

Last updated:  

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.

15.99% (variable)

Interest Rate (p.a.)


Comparison Rate (p.a.)


Min Loan Amount


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

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 15.99% p.a. with a comparison rate of 16.84% p.a.
  • 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

  • There is a loan approval fee of $150
  • An administration fee of $10 per month, charged at the end of each quarter.

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.

Personal Loan Offers

Important Information*
Logo for Harmoney Unsecured Personal Loan
Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 25.69% p.a. 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 NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 9.99% p.a. and 18.99% p.a. ( 10.88% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 7.5% p.a. and 20.49% p.a. based on your risk profile
A loan from $10,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

Logo for Pepper Money Unsecured Fixed Rate Personal Loan
Pepper Money Unsecured Fixed Rate Personal Loan

You'll receive a fixed rate between 7.45% p.a. and 16.95% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Make additional repayments or pay off the loan early, penalty-free.

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.


  1. 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.
      First off, here is a page you may find helpful. This will discuss advantages, effects etc of debt consolidation and it’s difference between bankruptcy. For debt consolidation options, you my also visit this page.

      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, here is a guide that will give you information on how you can deal with mistakes on your credit file.


    • Avatarfinder Customer Care
      November 7, 2017

      Hi Cheryl,

      Thanks for reaching out to us. Please note that we are not affiliated with ANZ or any company we feature on our site and so we can only offer you general advice.

      I’m sorry to hear about that. You can also have a look at this page for helpful info and compare your options for personal loans for debt consolidation.

      If you are also trying to contact ANZ, you may click on the green ‘Go to Site’ button on this page and you can submit an online application.

      Best regards,

  2. 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 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.


  3. 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 criteria you can see your other options on this page.

      Hope this helps,


  4. 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 find out more about guarantor personal loan options on this page.

      I hope this has helped.



  5. 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.



Ask a question
Go to site