Frequently asked questions - Personal lending

Want the security of knowing that your repayments will be met if you suddenly become unable to make them through accident, illness or involuntary unemployment? Get instant protection for you and your loan by taking out ANZ Loan Protection with your ANZ Personal Loan. As an added bonus, by taking out this valuable protection with your loan, you instantly qualify for a 0.25% p.a. discount on the applicable interest rate, courtesy of ANZ. 

• Find out more about ANZ Loan Protection 

No further interest rate discounts apply. Not valid with any other interest rate discount offer.

ANZ Loan Insurance is underwritten by ING Life Limited and Western QBE Insurance. This material does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you. ANZ recommends you read the Product Disclosure Statement for ANZ Loan Protection, available by calling 13 33 33 or at any ANZ branch. ANZ receives a commission of 20% of your premium payment. ING Life Limited is a wholly owned subsidiary of ING Australia Limited, which is partly owned by ANZ.

You can use the loan for almost anything. For example:

• a new or used car, motorcycle or scooter
• holidays or travel
• investments in your future such as shares or managed funds
• debt consolidation such as combining multiple credit cards or other debts into one loan
• to pay for education including school or university tuition fees
• household goods, furniture or home improvements
• lifestyle items such as pool, boat, stereo or even a jet ski.

ANZ Variable Rate Personal Loan

A variable rate personal loan gives you the flexibility of knowing you can make repayments weekly, fortnightly, monthly or even make extra lump sum payments if you wish.

The more frequent your repayments, the more you'll save on interest and the sooner you can pay off your loan¹.

ANZ Fixed Rate Personal Loan

With a fixed rate personal loan, the interest rate and repayments are set from the outset so you will have peace of mind knowing your repayments will remain the same for the whole term. Fees and charges apply for early repayments.
It protects you against any interest rate rises and you still have the flexibility of weekly, fortnightly or monthly payments. However, your repayment frequency must be decided at the time of your application.

In most instances you will not be required to provide security. The benefit of an unsecured personal loan is that you don't need to tie up any assets against your loan. So it gives you more freedom of choice on how to manage your finances and what you can use your loan for.

A redraw facility is available with variable rate personal loans, allowing you to redraw amounts up to the amount of any early or additional payments you have made. Minimum redraw amount is $500. For full details, see ANZ's Consumer Lending Terms and Conditions brochure.

A one-off loan approval fee of $150 and a quarterly loan administration charge of $30. 

• Find out more about ANZ fees and charges

The amount being financed must be $5,000 or over. ANZ's normal credit criteria apply to each application. Applicants need to be at least 18 years of age.