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 interest on those amounts at the default rate, which is your interest rate + 5.00% p.a.
We calculate interest on the amount you owe on your loan daily, and charge it to your loan monthly in arrears on the first business day of the month. See our ANZ Personal Loan Terms and Conditions (PDF 104KB) for details.
*A minimum loan amount of $1,000 applies to eligible Jumpstart customers.