Finty
ANZ

ANZ Fixed Rate Personal Loan

Fixed rate

Get what you want with the certainty of fixed repayments

Written byDavid Boyd
Interest rate a year, from
7.49%
Comparison rate, from
8.18%
Establishment fee
$150
Monthly fee
$10
Borrow
$5,000 to $75,000

Monthly repayment

$20,000 over 3 years

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What it would cost

At the lowest published rate of 7.49%, including the monthly fee. The rate you are offered depends on your circumstances, and the establishment fee is not included.

Monthly repayment
$632
Total repayments
$22,753
Interest and monthly fees
$2,753

Loan details

Rates

Interest rate (a year)
7.49%–21.99%
Comparison rate (a year)
8.18%–22.56%
Rate type
Fixed
Security
Not published

Limits and fees

Loan amount
$5,000 to $75,000
Loan term
Up to 7 years
Establishment fee
$150
Monthly fee
$10

How it compares

Against the other personal loans we compare. Typical means the middle half of them.

Comparison rate

8.18%

From 8.18%. A typical loan starts at 10.14%.

Cost of $20,000 over 5 years

$4,790

Interest and fees at its starting rate. Typical is $5,513.

Setup fee

$150

A typical setup fee is $150.

Monthly fee

$10

A typical monthly fee is $8.

Most you can borrow

$75,000

Typically you can borrow up to $60,000.

Longest term

7 years

7 years is the usual longest term.

Pros and cons

Pros

  • A fixed rate. Your repayments stay the same for the whole loan, which makes it easier to budget.
  • No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.
  • A soft check on your rate. You can see the rate you'd get without it showing on your credit report.

Cons

  • Your rate isn't known until you apply. It's set by your credit history and finances, anywhere from 7.49% to 21.99%, and only some people get the starting rate.
  • A $10 monthly fee. That adds $600 over 5 years, as well as the interest.
  • A $20 late payment fee. Setting up automatic repayments avoids it.

Similar loans

Personal loans from other lenders that start at a similar comparison rate.