ANZ Personal Loans
ANZ was started in 1840 when Union Bank of Australia (UBA), a British bank, opened in New Zealand to provide banking services to settlers. It became the Australia and New Zealand Bank (ANZ Bank) in 1951 when UBA and the Bank of Australasia merged.
ANZ’s New Zealand head office was opened in Wellington in 1983, and acquired The National Bank in 2003; it was then brought under the ANZ brand in 2012.
ANZ is currently one of New Zealand’s largest companies based on profit and assets. Nearly 20% of all employees in the New Zealand finance and insurance sector work for ANZ. ANZ employs approximately 9000 people throughout the country.
What personal loan options does ANZ offer?
Here’s an overview of the loans offered by ANZ:
- ANZ offers personal loans from $3000 to $40,000. Loan terms can be either six months to seven years. Minimum loan amount of $1000 for Jumpstart customers
- ANZ’s standard interest rate for all personal loans is 12.9%
- ANZ’s loans are unsecured, meaning you don’t need to offer up any collateral in order to be approved for a loan
- ANZ is currently waiving its $115 application fee
- Change your repayment amount, or pay it off early, with no additional charges or fees in internet banking
How do I apply for an ANZ personal loan?
To apply for a loan, simply visit the ANZ’s website and click to begin the application process. You can also call the ANZ on 0800 837 123 or visit an ANZ branch. Typical pieces of information you may need to include in your application include:
- Valid proof of identification, such as your passport or drivers licence
- Proof of income
- Your typical expenses such as rent/mortgage payments, household costs, insurance, etc
- Any current outstanding debts
You’ll also need to meet the following requirements:
- Be at least 18 years old
- Receiving a regular income
- Having enough money left over at the end of month, after your expenses are paid, to meet your loan repayments
- Be an NZ citizen, permanent resident or, if you’re a non-resident, have more than one year left on your work visa
Before taking out a personal loan, make sure you read up on what to think about before you apply. To find out how much you could afford to borrow, check out Canstar’s personal loan repayment calculator.