ANZ Fixed Rate Personal Loan
- Interest Rate (p.a.)
- 7.49% to 19.99%
- Comp. Rate (p.a.)
- 8.18% to 20.58%
- Min Loan Amount
- $5,000
Summary
Know exactly where you stand with a competitive interest rate from the ANZ Fixed Rate Personal Loan.
To be eligible you must be applying for a new personal loan or applying for an increase to an existing loan. You must apply before 16 January and draw down the funds to be eligible.
Cashback will be paid into the transaction account the loan is paid into within 120 days of draw down.
The ANZ Fixed Rate Personal Loan lets you budget your repayments with a predictable, fixed rate that will remain consistent through market changes. Suitable for a range of purposes including buying a new or used car, the ANZ Fixed Rate Personal Loan can cover your next big purchase.
Pros
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No security required
-
Available to self-employed borrowers
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Repay the loan over 7 years
Cons
-
$10 monthly fee
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Application fee of $150
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You may also incur early repayment costs
Details
Product details
| Product Name | ANZ Fixed Rate Personal Loan |
| Interest Rate (p.a.) | 7.49% to 19.99% |
| Comp. Rate (p.a.) | 8.18% to 20.58% |
| Interest Rate Type | Fixed |
| Min Loan Amount | $5,000 |
| Max. Loan Amount | $50,000 |
| Loan Security | Unsecured |
How does the ANZ Fixed Rate Personal Loan Work?
The ANZ Fixed Rate Personal Loan is an unsecured personal loan so you won't have to use any assets as collateral and you will know exactly what to expect each payment period. While this is great for budgeting purposes, be aware that fees and charges apply when you make additional payments or decide to exit early from the plan.
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.
If you are seeking more flexibility in repayments and redraw facilities, ANZ also offers a variable rate personal loan.
How to apply
You can start your application by clicking "Go to Site" above. You will need to meet the following eligibility requirements to be eligible for a loan:
- Be at least 18 years of age
- Currently reside in Australia. Temporary residents may still be eligible to apply but will have 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
Documents you will need to provide
- Current driver's licence
- Current and previous employer's address
- Details of your income, assets, expenses and liabilities. If you are self-employed, you will need to provide your last two tax returns and your accountant's details
- Your ANZ account number if you are a customer
Make sure you compare the loans available when looking to commit to a personal loan. As one of Australia's leading banks, ANZ offers this competitive option for a fixed rate personal loan. Apply now to secure yours.
Features of this loan
- Special Offer. Until 16 January, eligible borrowers of an ANZ personal loan can get $250 cashback and $150 application fee waived. Terms and conditions apply.
- A fixed rate. A fixed interest rate from 7.49% p.a. to 19.99% p.a. (Comparison rate of 8.18% p.a to 20.58% p.a.) This makes it easier to budget and locks you into the same rate for the lifetime of the loan.
- Loan amount. The minimum amount that can be borrowed with the ANZ Fixed Rate Personal Loan is $5,000 and the maximum amount that can be borrowed is $50,000.
- Loan term. The length of the loan can vary between 1 to 7 years, depending on what works for you.
- Unsecured loan. You will not have to tie any assets to the loan as security.
How much does ANZ Fixed Rate Personal Loan cost?
- Approval fee. You will pay an initial $150 fee.
- Administration fee. There is also a $10 monthly fee, charged at the end of each quarter.
- Late payment fee. You'll be charged $20.
- Early repayment fee. $300 will also apply if you pay off your loan before the end of your loan term.
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