In this guide

  • Review
  • Details
    • Product details
  • How does the ANZ Variable Rate Personal Loan work?
  • How to apply
  • Features of this loan
  • How much does the ANZ Variable Rate Personal Loan cost?
  • Compare other personal loans
  • Your reviews
Finder makes money from featured partners, but editorial opinions are our own.

ANZ Variable Rate Personal Loan

ANZ Variable Rate Personal Loan

This product is not currently available via Finder. Visit the provider's website directly, or compare other options.

Compare other options
Interest Rate (p.a.)
7.49% to 19.99%
Comp. Rate (p.a.)
8.18% to 20.58%
Min Loan Amount
$5,000

Summary

Borrow between $5,000 and $50,000. Loan approval fees and administration fees apply.

Special Offer: For a limited time, ANZ is waiving the $150 approval fee for new borrowers or existing borrowers increasing their personal loan. Applications must be made between 14 February and 14 May 2024. Other conditions apply.

With ANZ’s variable rate personal loan, you can 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 7.49% p.a., with a comparison rate of 8.18% 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.

Pros

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

Cons

  • $10 per month fee, charged at the end of each quarter
  • $150 application fee

In this guide

  • Review
  • Details
    • Product details
  • How does the ANZ Variable Rate Personal Loan work?
  • How to apply
  • Features of this loan
  • How much does the ANZ Variable Rate Personal Loan cost?
  • Compare other personal loans
  • Your reviews

Details

Product details

Product Name ANZ Variable Rate Personal Loan
Interest Rate (p.a.) 7.49% to 19.99%
Comp. Rate (p.a.) 8.18% to 20.58%
Interest Rate Type Variable
Min Loan Amount $5,000
Max. Loan Amount $50,000
Loan Security Unsecured

How does the ANZ Variable Rate Personal Loan work?

The ANZ Variable Rate Personal Loan has a redraw facility and early repayment options. As this is an unsecured personal loan, you won't need to use 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.

If approved, the interest rate you receive will depend on ANZ's credit assessment criteria, based on information in your credit report including your credit score. The interest rates shown are the minimum and maximum rates for this product, and the actual interest rate you receive will be finalised in your letter of offer. Eligibility criteria, T&Cs, fees and charges apply.

How to apply

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. 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

It's important to compare the features you want for in a personal loan before making a final decision.

Features of this loan

  • Variable rate. A variable interest rate from 7.49% p.a. to 19.99% p.a. (Comparison rate of 8.18% p.a. to 20.58% p.a.) - meaning your interest rate could increase or decrease depending on the market.
  • 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.

How much does the ANZ Variable Rate Personal Loan cost?

  • 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.

Compare other personal loans

{"visibility":"visibilityTable","ctaLabel":"Calculate","tableCode":"AUFPL_COMPARISON_V2_TABLE","nicheCode":"AUFPL","fields":[{"name":"LOAN_AMOUNT","value":"30000","options":"","label":"Loan amount","suffix":"$","useSuffixAsPrefix":true,"useDropDownOption":false,"tooltip":""},{"name":"PERIOD","value":"3","options":"","label":"Loan term","suffix":"years","useSuffixAsPrefix":true,"useDropDownOption":false,"tooltip":""}]}
1 - 8 of 8
Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
NOW Finance No Fee Unsecured Personal Loan
Finder award winnerFixed18 Months - 7 Years $5,000 - $50,000
Interest Rate (p.a.)
6.75%
to 26.95%
Comp. Rate (p.a.)
6.75%
to 26.95%
Application Fee
$0
Monthly Fee
$0
Monthly Repayment
$922.89
Go to siteMore Info
OurMoneyMarket Personal Loan
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
1.50% - 6%
min. $250
Monthly Fee
$0
Monthly Repayment
$934.23
Go to siteMore Info
Harmoney Unsecured Personal Loan
Finder award winnerFixed3 - 7 Years $2,000 - $70,000
Interest Rate (p.a.)
5.76%
to 24.03%
Comp. Rate (p.a.)
6.55%
to 24.98%
Application Fee
$275 - $575
Monthly Fee
$0
Monthly Repayment
$926.83
Go to siteMore Info
Citi Personal Loan Plus
Variable3 - 5 Years $2,000 - $55,000
Interest Rate (p.a.)
10.90%
Comp. Rate (p.a.)
11.19%
Application Fee
$199
Monthly Fee
$10
Monthly Repayment
$997.25
Go to siteMore Info
Special Offer: Monthly Fee of $10 waived for applications submitted before 30 June 2024.
Latitude Variable Rate Personal Loan
Variable2 - 7 Years $5,000 - $70,000
Interest Rate (p.a.)
9.49%
to 29.99%
Comp. Rate (p.a.)
10.37%
to 30.69%
Application Fee
$0
Monthly Fee
$13
Monthly Repayment
$973.85
Go to siteMore Info
Special Finder offer: $395 establishment fee waived for approved personal loan applications submitted through Finder. Latitude may withdraw offer at any time. T&Cs apply.
NAB Personal Loan Unsecured Fixed
Fixed1 - 7 Years $5,000 - $55,000
Interest Rate (p.a.)
6.99%
to 20.49%
Comp. Rate (p.a.)
7.91%
to 21.33%
Application Fee
$150
Monthly Fee
$10
Monthly Repayment
$940.81
Go to siteMore Info
NAB Personal Loan Unsecured Variable Rate
Variable1 - 7 Years $5,000 - $55,000
Interest Rate (p.a.)
6.99%
to 20.49%
Comp. Rate (p.a.)
7.91%
to 21.33%
Application Fee
$150
Monthly Fee
$10
Monthly Repayment
$940.81
Go to siteMore Info
ING Personal Loan
Finder award winnerFixed2 - 7 Years $5,000 - $60,000
Interest Rate (p.a.)
6.89%
to 18.99%
Comp. Rate (p.a.)
7.10%
to 19.23%
Application Fee
$150
Monthly Fee
$0
Monthly Repayment
$929.43
Go to siteMore Info
loading
Showing 8 of 8 results

Your reviews

No reviews yet. Write a review
Go to site