ANZ Personal Loan
Enjoy 13.90% p.a. fixed interest, loan terms from 6 months up to 7 years, borrowing from $3,000. No application or early repayment fees, flexible payback.
ANZ’s Personal Loan in NZ is designed with flexibility and simplicity in mind. With a competitive fixed interest rate of 13.90% per annum, you can borrow amounts between $3,000 and $50,000 for terms ranging from 6 months to 7 years. There’s even a $1,000 minimum for Jumpstart customers. This loan stands out due to zero application fees, no charges for early repayment, and the ability to alter your repayment schedule at any time.
How to Apply for an ANZ Personal Loan
Simply check your eligibility first: you must be at least 18, have regular income, and be a New Zealand citizen, resident, or qualifying visa holder. Applications are accepted via the ANZ goMoney app, online banking, or by phone. You’ll need details of income, assets, and debts. You can expect a response within five days and, once approved, funds may be available to your account the same day.
Key Advantages
One of the biggest advantages is the absence of all application and early repayment fees. This makes the loan flexible for changes and for repaying early.
Another highlight is the variety of repayment options: weekly, fortnightly, or monthly, tailored to your preferences. You also can track your loan conveniently on the go with ANZ’s mobile app.
Main Drawbacks
The standard interest rate is higher than some secured loans or credit card products, especially for borrowers with excellent credit. Also, you must be an ANZ customer to receive the loan, which means setting up an everyday account if you aren’t one already.
Not all residents or those with lower or variable incomes will qualify. Strict identity and income verification checks apply.
Veredicto
For those in New Zealand seeking a flexible, fee-free personal loan with easy application methods, ANZ’s Personal Loan presents a strong option. It is particularly suitable for people looking to borrow moderate sums with the freedom to repay early or make changes without penalty. As always, weigh the interest cost and ensure it suits your financial plan.
