Is a personal loan right for you?

Before we agree to an ANZ Personal Loan, we’re required to make sure you can manage repayments without getting into financial hardship. It’s part of our responsible lending obligations.

You’re responsible for paying back your overdraft. For joint overdrafts on accounts with two or more people, all account holders are responsible for repaying the money. If one person can’t or won’t repay it, the other(s) will be responsible for repayments. This is called ‘jointly and severally liable'. 

You could use an ANZ Personal Loan to buy a car, motorcycle, boat, or other vehicle. Whether it’s new or used, has two wheels or four, an ANZ Personal Loan could help you get from A to B. 

Combining all your debts into an ANZ Personal Loan could help if you’re juggling different rates and payment dates. Debt consolidation means you can combine debts like store cards, credit cards, hire purchases, and other personal loans into one single loan, with one regular repayment. It offers flexible repayment options to suit you, with no additional charges or fees.

One-off events and celebrations can be tricky to pull off without extra help; the venues, the photographers, the catering, the cake… the cost of your big day can quickly add up. Whether you’re entertaining 50 people or 500, an ANZ Personal Loan could help create the day of your dreams. 

Have plans for your home? An ANZ Personal Loan could help make it happen. You could use it to make small changes and improvements, or upgrade your interior with a new TV or lounge suite. 

If you’re an intrepid explorer, holidaymaker, or simply have unexpected travel plans, an ANZ Personal Loan can help pay for travel costs such as flights, accommodation, and transport.

The minimum loan amount for ANZ Personal Loans is $3,000, or $1,000 for eligible Jumpstart customers—. 

If you already have an ANZ Personal Loan, the minimum top-up is $1,000. 

If you want to borrow less than $3,000, consider an ANZ Credit Card or an ANZ Overdraft.

ANZ Personal Loans are unsecured, which means we don’t take security against any of your assets. For example, if you use a personal loan to buy a car, we don’t use the car as security against your loan. A mortgage is an example of secured lending, because your house is used as security.

Personal loans can’t be used to pay for regular household bills, such as power or internet. 

If you need the reassurance of having extra funds to pay for daily expenses, consider an ANZ Credit Card or an ANZ Overdraft.

Choosing the right loan amount can help you save money on interest costs, get rid of your debt faster, and keep your finances on track. Borrow too much, and you might struggle to make repayments or pay a lot in interest.

So it’s worth thinking about the loan amount, how long to pay it off, and how repayments fit into your budget. Our online calculators can help.