Consolidate your debts
Consolidate your debts
It’s a simple way to help make managing debts less of a mission.
The important numbers
What is debt consolidation?
Debt consolidation allows you to combine debts like store cards, car loans, credit cards, hire purchases and other personal loans into one loan with one regular repayment. It allows flexible repayment options to suit you with no additional charges or fees.
Combining all your debts into an ANZ Personal Loan with a fixed interest rate and structured repayments could help if you're struggling to juggle changing rates and different payment dates.
Calculate how much you can save by combining your debt
Can I save on interest?
One loan, one regular repayment
Rates and fees
Rate and fee | |
|---|---|
Interest rate | —— |
Application fee | $0 |
Change repayment amount | $0 |
Make lump sum payment | $0 Minimum extra or early repayment amount applies in Internet Banking |
Pay off loan | $0 |
We calculate interest daily, and either charge it to your loan or to an ANZ account (depending on the repayment type on your loan) monthly in arrears on the first business day of the month. If you do not pay amounts when they are due, we can charge you on those amounts at the default interest rate. *A minimum loan amount of $1,000 applies to eligible Jumpstart customers. | Your interest rate + 5% p.a. |
Pay no application fee
Check your eligibility
Eligibility
To apply for an ANZ Personal Loan, you’ll need to:
- Be at least 18 years old
- Receive a regular income
- Have enough money left over, after your expenses, to meet your loan repayments. You can work out your repayments using our repayments calculator
- Be a New Zealand citizen, permanent resident or, if a non-resident, have a work visa issued for two years or longer with at least one year left.
If you’re a tertiary student, you’ll also need to:
- Be studying full-time at a government-recognised tertiary institution or a NZQA-approved language school with at least six months left on your course
- Be a New Zealand citizen or permanent resident. Personal loans are not available for international students
- Have any income, student allowance or student loan credited to your ANZ account.
Note: no more than two people can apply jointly.
Additional lending criteria may apply
We’ll discuss this with you during your application process.
Details to have handy
- Proof of your identity such as your passport or New Zealand driver licence. You can find more information about acceptable forms of identification in our guide.
- Your ANZ account number or customer number (if you have one).
- Your personal tax details, including your Foreign Tax Identification Number (TIN) if you are a tax resident of another country.
- You may need to provide copies of your last three months of statements for the non-ANZ debt you want to consolidate. You may also want to get the closing balance (including cost to close e.g. fees, break cost etc.) for these facilities.
Once you have submitted your application we may contact you to verify your income and expenses. For non-ANZ accounts you’ll need to provide your last three months of bank statements.
If you're not an existing ANZ customer we may need this extra information
Confirmation of income
If you’re a wage or salary earner you’ll need to provide your last 90 days of bank statements and maybe one of the following, dated within the last four weeks:
- Payslip showing year-to-date income figures.
- Payslip showing your annual base income.
- Letter from your employer on their letterhead, confirming your annual income and employment type (e.g. full or part time).
If you're self-employed, you’ll need to provide copies of:
- Your last two years' balance sheets or annual accounts.
- Your last two years’ profit and loss statements.
- Your personal tax return.
If you have other income (e.g. rent, dividends) please call us on 0800 837 123 to discuss what our particular requirements will be.
Proof of identity
- Your driver’s licence or another acceptable form of ID (PDF 332KB) and;
- Mail addressed to your residential address and dated within the last three months.
Get an ANZ Personal Loan in 3 easy steps
How to apply
From overseas: +64 4 470 3142
Flexible ways to manage your money and debts
We have a range of options to suit different needs. Whether it’s borrowing to combine debts, borrowing to pay for the things you need or having a back-up for emergencies and unexpected expenses.
Important information
Interest rates are subject to change. Lending criteria and terms apply to all ANZ Personal Loans. See Rates, fees and agreements.
This is for information purposes only. Please talk to us if you need financial advice about a product or service. See our financial advice provider statement (PDF 39.8KB) for more information.
Eligibility criteria and terms and conditions apply to the ANZ goMoney app, ANZ Internet Banking, ANZ Phone Banking, Voice ID and Pay to Mobile. For details, see our ANZ Electronic Banking Conditions (PDF 138KB).