ANZ Personal Loans

ANZ is a provider of personal loans, as well as bank accounts, credit cards, and insurance.
 

Compare ANZ personal loans

The table below displays a snapshot of ANZ’s secured and unsecured personal loan products on Canstar’s database. Please note the products and Star Ratings displayed are based on a loan amount of $15,000 for a five-year loan in Auckland.

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What personal loans does ANZ offer?

ANZ currently offers one personal loan product at the time of writing. This personal loan can be both secured and unsecured, however you can’t choose between fixed and unfixed – ANZ personal loan come with a fixed rate for the life of the loan.

Related article: Secured vs Unsecured Personal Loans – What’s the Difference?

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What can you use ANZ’s personal loans for?

A personal loan with ANZ can be used for many important life events, such as:

  • Debt consolidation
  • Holidays
  • Home renovations
  • Weddings
  • Education and study

Personal loans are a relatively straightforward way of borrowing money with a structured repayment program. A personal loan with ANZ could give you access to more money to pay for these major life events.

Check the product disclosure statement (PDS) from ANZ to see what you can and can’t take out a personal loan for, and whether it suits your individual financial circumstances.

With an ANZ personal loan, you can borrow between $3,000 and $40,000, over a term of between six months and seven years. You also have the choice of weekly, fortnightly, or monthly repayments.

ANZ charges a once-off application fee of $115 for personal loans.

Your minimum repayments will depend on your interest rate, loan amount, and selected repayment frequency.

Applying for a ANZ personal loan is straightforward; you can do it online after visiting Canstar’s comparison tables. When applying for a personal loan with ANZ, you generally need to meet the following criteria:

  • You must be at least 18 years of age
  • You must live in New Zealand
  • You must be a New Zealand citizen or a non-resident holding an eligible visa
  • Hold a regular income and good credit rating (see here for more info on how to get a good credit rating)
  • Show an ability to afford your loan repayments
  • Take out a loan of at least $3,000

If done online, the application process can take as little as 10 minutes, provided you have everything on hand. You may need to provide documents and ID such as:

  • A current driver’s license
  • Details of your current and previous (if applicable) employer
  • Details of your income, assets, expenses and liabilities
  • Previous tax returns if you are self-employed

You may also require your current account number for ANZ if you’re an existing member.

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.

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Written by: James Hurwood | Last updated: November 2, 2018

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