Australia and New Zealand Banking Group (ANZ) is one of the world’s top 50 banks, serving more than 8.5 million customers across 32 markets, and recognized for its sustainable banking practices.
What you need to know about this loan
-
Loan Amounts Offered: AUD $5,000 – $75,000
-
Loan Terms (monthly): 1 – 7 years
-
Payment methods: Fortnightly or monthly
-
Interest rate: Variable 7.49% p.a. – 19.99% p.a. (comparison rate: 8.18% – 20.58% p.a.)
Pros
-
Flexible repayments – make early or extra repayments without penalty.
-
Redraw facility – withdraw any additional repayments at no extra cost.
-
Same-day cash – access funds on the same day when approved in branch.
-
1% discount offer – enjoy a reduced interest rate with the current promotion.
-
Loan increase option – apply for extra funds if your plans expand.
Cons
-
Variable rate risk – repayments may increase if interest rates rise.
-
Monthly service charge – $10 ongoing administration fee applies.
Why choose ANZ for your personal loan?
CommBank offers fixed certainty, but ANZ gives you redraw access, letting you reuse extra repayments anytime.
Westpac shines for car loans, while ANZ is stronger for multi-purpose flexibility, covering cars, travel, or renovations.
NAB personal loans have higher setup fees, while ANZ’s $150 approval fee and redraw feature make it more cost-effective.
St. George offers standard repayment plans, but ANZ allows loan increases mid-term, perfect if your project grows.
Latitude loans can be fast, but ANZ gives you both same-day cash in branch and the security of a top-tier bank.
How to apply for your ANZ Variable Rate Personal Loan
Applying is quick and simple. Whether online, in branch, or over the phone, you can apply in minutes, get a personalised rate, and if approved, access your funds the same day.