Tips to pay off your personal loan

You can change your payments, make extra payments, or pay off your loan early without paying any fees. If you find it hard to pay on time, talk to us about how we can help. 

Your repayments

Personal loans are deposited as a lump sum into your chosen ANZ bank account. You pay back your loan over a fixed period of time, e.g. six months, at a fixed interest rate.

You can choose from weekly, fortnightly, or monthly repayments to suit your budget, and you’ll pay the same amount each time (unless you decide to change the repayment amount, how often you make a repayment, or both).

We automatically take the payment from your account. So it’s a good idea to check your account regularly to make sure there’s enough money to cover each payment. Your ANZ Personal Loan summary letter and statements show when payments are due so you can plan ahead. 

If you think you might find it tough to make a repayment, call us on 0800 269 296 as soon as you can. We have options that could help.

Changing your repayments

There are no fees to change either your repayment amount or how often you make repayments. 

Just call us on 0800 269 296 and we can help. 

Tools and resources

Pay off your loan early

If you make a lump sum payment or increase your payments, you could pay off your loan faster and pay less interest. 

You can make extra repayments, of any amount, on your ANZ Personal Loan anytime for no fee. You can even do this yourself in ANZ Internet Banking or the ANZ goMoney app, as long as your payment is at least $100.

To make an extra payment of less than $100, or to pay off your loan in full, give us a call on 0800 269 296.

If you find it hard to make repayments 

Things don’t always go to plan, and circumstances can change. Make sure you call us as soon as possible if things get tough – we have options that could help you stay on track. 

Your loan documents 

Personal loan summary letter 

Your loan summary letter outlines the new personal loan you’ve taken out with ANZ. It includes important information about the money you’re borrowing, such as the interest rate, your repayment plan, and more.

Personal loan statement 

Loan statements provide a summary of the payments you’ve made within the statement period – usually every six months – and the interest that's been charged. 

You’ll also see your closing balance for the period. The closing balance is the amount you still owe on the loan, but it doesn’t include any interest that hasn’t been charged yet. 

You’ll receive a loan statement every six months by mail, or you can change to online-only statements in Internet Banking or the goMoney app.

More support

Important information

ANZ lending criteria, terms and conditions apply. Interest rates and fees are subject to change. Read more about our Rates, fees and agreements. And view the ANZ Personal Loan Terms and Conditions (PDF 104KB) for more information.

This material is for information purposes only. We recommend seeking financial advice about your situation and goals before getting a financial product. To talk to one of our team at ANZ, please call 0800 269 296. For more information about ANZ’s financial advice service or to view our financial advice provider disclosure statement see