Last Updated on July 1, 2024 by admin
Are you searching for how to get a loan that will enable you use for almost anything like Consolidate your debt,home improvements, Buy a car and many more.If your answer is yes ANZ personal should be the best choice if you Live and work in Australia or New Zealand.
ANZ Personal Loans are available for older customers and new applicants for a limited time only.The credit facility could either be Fixed Rate Loan or Variable Rate Loan which can be use for variety of purposes.
Personal loans can be secured, meaning you need collateral to borrow money, or unsecured, with no collateral needed. In this case ANZ Fixed Rate Personal Loans and ANZ Variable Rate Personal Loans are unsecured. This means you do not have to use an asset like your car or home as security to get a loan.
ANZ Personal Loans Standard interest rate is 12.90% p.a. and Borrower can get Loan amount ranging from $3,000 – $40,000 and the Minimum loan amount for eligible Jumpstart customers is $1,000.
The loan package has a Flexible repayment options meaning borrower can Change their repayment amount, or pay it off early, with no additional charges or fees.The personal loan tenor goes from 6 months to 7 years, repayment could be weekly, fortnightly or monthly depend on repayments that suit your budget.
Now let take a look at ANZ personal Fixed Rate Loan and ANZ personal Variable Rate Loan
Also Read: ANZ Bank: How to register for Mobile app, internet banking and transfer
ANZ Fixed Rate Personal Loan
ANZ Fixed Rate Personal Loan enable borrower take control of their finances with a short term loan and fixed repayments to make budgeting easy because it will you know exactly how much your repayments are and for how long you are going to pay back.
Since interest rate and loan terms on a personal loan are fixed, you can select a loan and payment amount that fits within your budget—which is great when you’re consolidating debt. Plus, you’ll know the exact date your loan will be fully paid off.
You can borrow between $5,000 and $50,000 with loan tenor of 1 to 7 years. If interest rates increase your repayments stay the same.
ANZ Variable Rate Personal Loan
The ANZ Variable Rate Personal Loan is a loan where the interest charged on the outstanding balance fluctuates based on an underlying benchmark or index that periodically changes.Borrower interest rate may increase or decrease during the loan term, and so may your repayment. You can get loan amount up to $5,000 and $50,000 with loan tenor up 1 to 7 years
Fees & charges
1. Loan Approval Fee: $150
2. Loan Administration Charge: $10 per month, debited every three months until the loan is closed in ANZ systems
3. Loan Administration Charge: $10 per month, debited every three months until the loan is closed in ANZ systems
4.Late Payment Fee: $20 will be charged if your repayment is five days late or more. A further $20 will be charged monthly until repayments are up to date.
Eligibility
To get an ANZ personal loan you’ll need to meet our lending criteria Including:
1. you must be at least 18 years old.
2. Receiving a regular income.
3. Having enough money left over at the end of month, after your expenses are paid, to meet your loan repayments.
4. Being a citizen, permanent resident or if you’re a non-resident, have more than one year left on your work visa.
5. Proving your identity and earnings.
6. personal tax details, including your Foreign Tax Identification Number (TIN) if you are a tax resident of another country.
7. Details of your income, expenses, assets and existing debts.
8. Your ANZ account number or customer number (if you have one).
9. Earn a minimum of $15,000 per year
NON existing ANZ customer
If you are not ANZ bank customer you need to provide the following information
1. Payslip showing year-to-date income figures.
2. Payslip showing your annual base income.
3. Letter from your employer on their letterhead, confirming your annual income and employment type (e.g. full or part time).
4. Three months of statements for the bank account your income is credited
self-employed customers
If you’re self-employed, you’ll need to provide copies of:
1. last two years’ balance sheets or annual accounts.
2, customer last two years’ profit and loss statements.
3. personal tax return.
Not a permanent resident
If you’re not a permanent resident, you may still be eligible to apply for an ANZ personal loan. You will be required to meet specific visa and income verification requirements. Valid visas include a range of working visas and business visas.
Information require to apply for ANZ Personal Loan
1. your income amount and frequency
2. your assets
3. what existing financial commitments you have with ANZ and other financial institutions, such as personal loans, home loans or credit cards
5. your expenses, such as how much you spend on gas, electricity, insurances, food, transport and lifestyle expenses
Proof of identity
1. Your driver’s licence
2. Mail addressed to your residential address and dated within the last three months.
Purpose of ANZ Personal Loan
You can make use of ANZ Personal Loan for the following purpose
1.Consolidate debt
2. Buy a motor vehicle
3. vacation trip
4.Make home repairs
How to apply
Borrower can apply for ANZ personal loan at any ANZ Branch
Culled from ANZ bank
