ANZ – Loan Review
Amount, $3 000 - $40 000 ;Term,6 months - 7 years
Applying does not commit you to any agreement.
ANZ Personal Loan
ANZ is New Zealand's largest bank, serving over 1.8 million customers. Their personal loan is available from $3,000 to $40,000 with terms from 6 to 84 months. Rates start from 12.90% p.a. – your actual rate depends on credit history and loan term.
Applications can be completed online, in-branch or via the ANZ app. Existing customers typically get approval in 1-2 business days; new applicants up to 5 days. Funds are deposited directly to your nominated account.
No early repayment fees apply, so you can pay off your loan ahead of schedule without penalty. A $5 monthly account fee applies. Online applications require an existing ANZ transaction account.
✓ Pros
- No early repayment fees
- Flexible terms 6-84 months
- Online and app-based application
- Trusted NZ bank with large branch network
✗ Cons
- Must be existing ANZ customer for online application
- $5 monthly account fee
- Higher rates for lower credit scores
Loan Example
Example: $10,000 over 36 months at 12.90% p.a. = approx. $335/month, total repayment approx. $12,060.
Loan Requirements
- ✓ NZ citizen or permanent resident
- ✓ 18 years or older
- ✓ Regular income
- ✓ Good credit history
- ✓ Existing ANZ account preferred
Loan Features
- Online loans up to $40 000
- Term 6 months - 7 years
- Easy online application
Frequently Asked Questions
6 months - 7 years after submitting your application.
The minimum amount at ANZ is $3,000.
Yes, ANZ offers an online application process. Visit their website to apply.