Do you want to get a considerable sum of money for a big purchase? With the ANZ Online Personal Loan, you can borrow up to $50,000 that you can receive quickly. Read on to know how to request an ANZ Online Personal Loan.
ANZ is one of Australia’s big four banks. It provides various financial services which include online personal loans. With your borrowed cash, you can use for traveling, consolidating your debts, renovating your home, hosting a wedding or other event, or purchasing a car or other vehicle types.
ANZ Online Personal Loan Types
ANZ offers a fixed rate loan and variable rate loan. In the fixed rate, ANZ will set an interest rate that will be the same throughout your loan. Meanwhile, the variable rate type enables you to repay your loan at an earlier time, allowing you to save on the reduced interest.
Are you still hesitating to get an ANZ Online Personal Loan? You may want to check out its benefits and advantages.
ANZ Online Personal Loan Features
ANZ gives you the freedom to choose whether you will repay on a weekly, bi-monthly or monthly basis. With a flexible payment scheme, you can keep your manage finances and set your budget with ease.
You can also use the bank’s handy online calculator app to find out how much you should pay for your chosen repayment schedule.
With the ANZ Internet Banking, managing your finances will be a breeze. By logging on, you can check your balances, repayments made, interest paid and other details.
Are you interested in applying for an ANZ Online Personal Loan? Check out the bank’s application process and requirements.
ANZ Online Personal Loan Application Process
You can apply for an ANZ Online Personal Loan by visiting their website. You must also prepare to present your requirements, such as proof of identification showing you are aged 18 years or older. You must also be an Australian citizen or permanent resident. Those with a valid visa can also be considered. You may also need to present documents such as payslips and bank statements as proving that you earn at least $15,000 per year. Financial experts advise you should have a credit score of over 650 to increase your chances of approval.
You can loan from $5,000 to $50,000 for both fixed loan and variable loan types, which you can pay from 1 to 7 years.
Fees and Interest Rates
You need to pay a loan approval fee of $150 and a loan administration fee of $10 charged at the end of each quarter. If you miss out a payment, the bank will cost you a $20 late payment fee.
ANZ Online Personal Loan has a minimum interest rate of 12.45% for fixed rate and 15.99% for variable rate. The bank can give you a higher interest which will be based on the loan amount, your credit score, and other factors.
Overall, applying for an ANZ Bank Online Personal Loan works best if you want instant cash for various purposes.