ANZ Variable Rate Personal Loan - Review & Interest Rates | finder.com.au

ANZ Variable Rate Personal Loan

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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.

12.99% (variable)

Interest Rate (p.a.)

13.86%

Comparison Rate (p.a.)

$5,000

Min Loan Amount

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Details

Product NameANZ Variable Rate Personal Loan
Interest Rate (p.a.)12.99% (variable)
Comparison Rate (p.a.)13.86%
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 12.99% p.a. with a comparison rate of 13.86% 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.

Compare other personal loans

Data updated regularly
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Symple Loans Personal Loan

From 5.75% (variable)
6.47%
$5,000
1 to 7 years
from 0% to 5% of the loan amount
$10
You'll receive a personalised interest rate from 5.75% p.a. to 25.99% p.a. based on your risk profile
Borrow up to $50,000 to pay for what you need.
Harmoney Unsecured Personal Loan

From 6.99% (fixed)
7.79%
$2,000
3 to 5 years
$575 ($275 for loans of below $5,000)
$0
You'll receive a fixed rate between 6.99% p.a. and 24.79% 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.
Plenti Personal Loan

From 6.39% (fixed)
6.39%
$2,001
3 to 7 years
$0 to $999
$0
You'll receive a fixed rate between 6.39% p.a. and 17.89% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 3 years. Interest and comparison rates calculated for a loan term of 5 years.
NAB Personal Loan Unsecured Fixed

From 6.99% (fixed)
7.91%
$5,000
1 to 7 years
$150
$10
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
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.
Citi Personal Loan Plus
8.90% (variable)
9.18%
$5,000
3 to 5 years
$199
$0
You'll receive a variable rate of 8.90% p.a. with a comparison rate of 9.18% p.a.
A credit limit up to $40,000 that you can continue to draw down over terms up to 5 years. Note: Monthly account service fee will be waived for applications submitted before 30 September 2021.
Alex Personal Loan

From 5.49% (fixed)
5.49%
$2,100
6 months to 5 years
$0 (Waived $295 establishment fee)
$0
You'll receive a fixed interest rate from 5.49% p.a. to 19.99% p.a. based on your risk profile
Borrow between $2,100 and $30,000 from 6 months to 5 years. Note: The $295 establishment fee will be waived for loan applications submitted by 3 May 2021
OurMoneyMarket Personal Loan

From 5.35% (fixed)
6.31%
$2,001
1 to 7 years
1.5–6% of your total loan amount
$0
You'll receive a fixed rate from 5.35% p.a. to 20.99% p.a. based on your risk profile
A personalised loan from $2,001 to $75,000 that varies based on your credit history and financial situation.


⭐ Finder Exclusive: Apply before April 30th to secure a discounted rate of 5.35% p.a. (comparison rate: 6.31% p.a.) for the first 12 months.
NOW Finance No Fee Unsecured Personal Loan

From 5.95% (fixed)
5.95%
$5,000
18 months to 7 years
No Establishment Fee
$0
You'll receive a fixed rate between 5.95% p.a. and 17.95% p.a. based on your risk profile
Borrow from $5,000 to $7,999 with loan terms between 18 months and 3 years or borrow $8,000 to $50,000 with loan terms between 18 months and 7 years.


⭐ Finder Exclusive: Get a free $200 Westfield e-gift card once your loan application has settled. Offer ends on 30 April 2021. T&Cs apply.
Latitude Personal Loan (Unsecured)

From 7.99% (fixed)
9.24%
$3,000
1 to 7 years
$250 (Loans under $5000 - $140)
$13
You'll receive a fixed rate between 7.99% p.a. and 22.99% p.a. based on your risk profile
Apply for what you need from $3,000 and use it for a range of purposes. Repay weekly, fortnightly or monthly. You can check your interest rate before applying with no impact to your credit score.
SocietyOne Unsecured Personal Loan (2-3 years)

From 6.39% (fixed)
6.39%
$5,000
2 to 3 years
from 0% to 5% of the loan amount
$0
You'll receive a fixed rate between 6.39% p.a. and 17.49% 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.
SocietyOne Unsecured Personal Loan (5 years)

From 6.39% (fixed)
6.39%
$5,000
5 years
from 0% to 5% of the loan amount
$0
You'll receive a fixed rate between 6.39% 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.
Wisr Personal Loan

From 6.49% (fixed)
6.76%
$5,000
3 to 5 years
$595
$0
You'll receive a fixed rate between 6.49% p.a. and 19.95% p.a. based on your risk profile
A loan from $5,000 that charges no fees for extra or early repayments. Keep in mind security is required in some cases.
CUA Unsecured Fixed Rate Personal Loan
9.39% (fixed)
9.64%
$5,000
1 to 7 years
$175
$0
You'll receive a fixed rate of 9.39% p.a.
An unsecured loan from $5,000 with flexible repayments and no monthly fee.
MoneyMe Personal Loans

From 6.25% (fixed)
7.64%
$2,100
1 to 5 years
from $295 to $495
$10
You'll receive an interest rate between 6.25% p.a. and 19.95% p.a. based on your risk profile
Borrow up to $50,000 with no hidden fees or costs. Application process usually takes 5 minutes to complete and is done fully online.
Plenti Variable Rate Personal Loan

From 6.39% (variable)
6.39%
$2,001
1 to 3 years
$0 to $999
$0
You'll receive a variable rate from 6.39% p.a and 16.89% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 12 months. Benefit from transparent costs and a rate estimate before you apply.
Pepper Money No Fee Personal Loan

From 5.95% (fixed)
5.95%
$5,000
18 months to 7 years
$0
$0
You'll receive a fixed rate between 5.95% p.a. and 17.95% p.a. based on your risk profile
Borrow from $5,000 to $50,000 and use for a range of purposes. Pay no upfront, early repayment or ongoing fees.
CUA Unsecured Variable Personal Loan
11.89% (variable)
12.15%
$5,000
1 to 7 years
$175
$0
You'll receive a variable rate of 11.89% p.a.
Borrow from $5,000 with the option for flexible repayments and no monthly fees.
NAB Personal Loan Unsecured Variable Rate

From 6.99% (variable)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a variable 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
An unsecured loan up to $55,000 you can use for a range of purposes. Benefit from fee-free additional repayments and a redraw facility. 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.
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Compare up to 4 providers

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 24.79% 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 ANZ Fixed Rate Personal Loan
ANZ Fixed Rate Personal Loan

You'll receive a fixed rate of 10.5% 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
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 6.99% p.a. and 20.49% 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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13 Comments

    Default Gravatar
    Cheryl
    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
      Joanne
      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.

      Cheers,
      Joanne

      Avatarfinder Customer Care
      Rench
      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,
      Rench

    Default Gravatar
    Vera
    February 17, 2017

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

      Avatarfinder Customer Care
      May
      February 17, 2017

      Hi Vera,

      Thank you for your question!

      While I can’t tell you exactly whether you will be approved or not, 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 us out again.

      Have a wonderful day!

      Cheers,
      May

    Default Gravatar
    Janet
    October 19, 2016

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

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

      Hope this helps,

      Elizabeth

    Default Gravatar
    Victor
    January 18, 2016

    Can my employer go guarantor to improve my application chances.

      Avatarfinder Customer Care
      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 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.

      Thanks,
      Elizabeth

    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

      Avatarfinder Customer Care
      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.

      Thanks,

      Elizabeth

      Avatarfinder Customer Care
      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.

      Thanks,

      Elizabeth

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