Complete Guide to Getting a Loan with ANZ

Could a simple checklist save you time and money when choosing a personal product?

This introduction gives clear information about key options for New Zealand customers. It outlines how anz personal products compare, from amounts to repayment choices.

Readers will see typical amounts and terms, how interest and interest rate are calculated, and the flexible features such as no application fee and no fee for early repayment. It also flags eligibility rules like age, residency or visa status, and proof of income.

The guide explains how to apply using digital banking tools and what time frames to expect for responses and funding. It notes alternatives for smaller needs, such as a low rate card or an overdraft, and reminds readers that rates subject change and to check terms conditions before applying.

Finally, this section sets a responsible-borrowing tone and points to a skip main option on the site to help users find information fast.

Why choose ANZ for your loan

Flexible repayments and straightforward charges help people stay in control of borrowing. This provider offers weekly, fortnightly or monthly repayment options and no application fee. There are also no fees for lump sum payments, changing repayment amounts or paying the balance off early.

Customers can track balances, repayments and interest easily using the goMoney app or Internet Banking. Interest is calculated daily and charged monthly in arrears on the first business day, so the rate and exact interest cost are clear.

Approved funds can be paid the same business day into an existing everyday account. The bank’s scale across personal and home lending means a range of loans and solutions are available as needs change.

Lending decisions focus on affordability and support is available for financial stress. Rates subject and rates subject change may apply, so it’s wise to check the latest information and use the skip main navigation to reach loan details quickly.

ANZ loan eligibility and lending criteria

Knowing the eligibility criteria up front speeds the process and avoids surprises during assessment.

Applicants must be 18 or older, have a regular income and show enough surplus after expenses to cover repayments comfortably over the term.

Residency rules include New Zealand citizens, permanent residents, or non‑residents with a work visa of two or more years and at least one year remaining. Proof of identity and earnings is required.

Tertiary students must study full time at a recognised institution or an NZQA‑approved language school with six months minimum remaining. Students also need NZ citizenship or residency and payments credited to an account held with the bank.

Additional lending criteria can apply case‑by‑case and will be explained during assessment. Applicants with low income, limited credit history or non‑resident status should still contact the bank to discuss options.

Timelines depend on how quickly customers supply requested details. Preparing required documents and reading the applicable terms and conditions in advance helps save time and support a smoother lending outcome.

How to apply for an ANZ loan

Choosing the right application channel makes the process faster and clearer for applicants.

They can apply via the goMoney app (Apply & Open), Internet Banking, an online form, or by calling 0800 837 123 (overseas +64 4 470 3142). Phone hours are Mon–Fri 8am–7pm and Sat–Sun 9am–5pm.

Before starting, have income, expenses, assets and existing credit details ready. Also keep your customer number and account information to hand to speed verification.

The bank will usually contact applicants within five days with next steps, though busy periods can add extra time. If approved, funds can be paid into an everyday account the same business day.

Applicants should check eligibility criteria and read any supplied pdf documents. Changes to amounts or application details may require additional checks and can extend processing time.

Use the repayments calculator to estimate monthly payments and ensure contact information is correct so the provider can reach them promptly. Secure channels protect personal information and having statements ready helps when evidence is requested.

Loan amounts, terms and repayment frequencies

Deciding how much to borrow and for how long shapes your repayments and total cost.

Typical amounts range from $3,000 to $50,000, with eligible Jumpstart customers able to apply from $1,000. Terms run from 6 months up to 7 years, measured in months or years.

Shorter terms raise monthly repayments but lower total interest. Longer terms reduce each payment but increase the amount paid over the life of the loan.

Repayments can be weekly, fortnightly or monthly. Paying weekly or fortnightly often cuts interest by lowering the balance sooner.

Borrowers can change their repayment amount without a fee, offering flexibility when budgets shift. A minimum applies to lump sum payments made via goMoney and Internet Banking, though extra repayments are encouraged to reduce interest.

Match the repayment schedule to pay cycles to simplify budgeting and avoid missed payments. Use the provider’s calculator to compare terms, frequencies and a comfortable repayment limit.

Note: home lending works under different limits, terms and conditions and should be considered separately.

Interest rates, how interest is calculated and rates subject to change

Interest calculation methods and charge timings affect total cost more than the headline interest rate.

For personal products, interest is calculated daily and charged monthly in arrears on the first business day of each month.

Missing a repayment can attract default interest on overdue amounts. That default interest increases charges until the account is brought up to date.

For home facilities, interest is also calculated daily. Standard home accounts charge interest monthly in arrears on the first business day, while flexible home accounts charge on the last business day of the month.

Interest rates are subject to change. Rates, fees and conditions vary by product, amount and term, so confirm current figures before you apply.

Shorter terms usually cut the total interest paid. Longer terms lower each repayment but can raise overall cost. Review monthly statements and set repayment dates shortly after pay days to reduce the risk of default interest.

Fees and charges you need to know

Understanding which fees apply and when they kick in will prevent surprises later on.

Personal customers do not pay an application fee and face no fee for extra repayments, changing their repayment amount, or paying the balance off early.

For home products, common charges include a Flexible Home monthly account fee of $12.50 and a small unarranged overdraft fee of $3 if the account is over the limit by more than $10 for over a day.

Excess interest can apply when someone goes over a flexible facility. That excess is the flexible account rate plus 7% p.a. until the balance returns within the approved limit.

One-off costs include a Discharge or Execution fee (about $100) for security releases and a Non‑utilisation fee of $25 if a reserved rate is not used or is cancelled.

Fixed-rate home products may incur an Early Repayment Recovery if repaid or restructured during the fixed period. Customers should read the information and terms conditions so they know when they might need pay extra.

Rates and fee schedules can change, so check the latest figures and use banking tools to monitor balances. Contact the provider early if repayments become difficult to avoid default interest and further charges.

Repayments: estimating, changing and paying your loan early

Knowing how repayments work gives you options to reduce interest and finish sooner.

Use a repayments calculator to estimate monthly repayments and see how term and interest affect total cost over the period. Small changes to the repayment amount can cut years off the term and lower interest paid.

For personal products there is no fee to change a repayment amount or to pay the balance off early. A minimum applies to lump sum payments made via the goMoney app and Internet Banking, but extra payments remain simple to make.

Set up automatic payments that match pay cycles to keep loan repayments on track and avoid default interest. Even modest increases will reduce interest materially over time.

For fixed-rate home facilities, early repayment or restructuring can trigger Early Repayment Recovery. Borrowers may, once per year, increase regular repayments by up to $250 a week and make one annual lump sum up to 5% of the current balance during the fixed period without break costs. Contact the bank before changes to confirm if you need pay any costs.

Monitor progress in the goMoney app to track how interest and principal fall with each payment and adjust settings quickly if circumstances change.

ANZ personal loan features and uses

Many customers use an anz personal product to consolidate higher‑rate debt, manage a large purchase or cover an unexpected bill. Consolidating into one personal loan can simplify payments and bring balances onto a single rate and schedule.

The product has no application fee and lets people change repayments or make lump sum payments without a charge (a minimum applies when using digital channels). Interest is calculated daily and charged monthly, so extra payments lower the principal faster and cut interest costs.

Eligible applicants can borrow an amount that fits their budget and term goals. Choosing repayments to match pay cycles helps avoid missed payments and the default interest that applies to overdue amounts.

Customers can manage their account and track progress via the goMoney app. If repayments become difficult, the bank provides guidance to adjust arrangements before issues grow. Compare a personal loan with other credit options to find the most cost‑effective path for your needs, and remember home lending follows different rules and structures.

Alternatives to a personal loan: credit cards and overdrafts

Choosing between a card, an arranged overdraft and a personal product depends on how long and how much they need to borrow.

A low rate credit card can suit small or short-term needs. For example, a balance transfer promotional rate often runs for a two-year period. After that period, the standard purchase rate applies to any remaining transferred balance.

Balance transfers are usually limited to 95% of the approved credit limit. Repayments are applied to the transferred balance first, so purchases keep accruing interest until the transfer is cleared. While a transfer exists, new purchases lose interest-free days, which can raise total charges.

An arranged overdraft provides a flexible buffer. Interest is charged only when the account uses the overdraft, which can suit irregular cash flow or emergencies.

They should weigh the advertised rate and interest rates alongside any fees and conditions. Use an overdraft for short-term liquidity, and pick a fixed repayment option when they need a defined plan to repay a set amount.

Terms, conditions and important information

Clear terms and conditions set out rights, fees and important obligations. Readers should review the specific terms for the product they are considering before they sign.

Home documents available include Home Loan terms and conditions (effective 9 Mar 2025), Flexible Home Loan terms and conditions (effective 9 Mar 2025), a Mortgage Memorandum, sample summaries, and an Agreement to reserve an interest rate. Key information sheets are also provided, including Chinese and Te Reo Māori versions.

Interest rates are rates subject to change. Early repayment of a fixed interest home product during the fixed period may trigger an Early Repayment Recovery. Lending criteria, fees and additional product conditions apply to all applications.

Review the available pdf documents and keep copies of any signed agreement or rate reservation. Read the financial advice provider disclosure statement and check how any advice applies to personal circumstances.

If anything is unclear, contact the bank for clarification before signing. Up-to-date information should guide decisions, as policies, fees and subject change can affect costs and obligations.

Getting set up if you’re not an ANZ customer

Getting an everyday account in place first removes a common hold-up when applying for a new loan. The bank must have an active account to pay out approved funds, so opening one ahead of time can save time later.

People can join quickly using the goMoney app, or choose to sign up online or by phone. New customers should follow the app steps and accept the terms and conditions that apply to digital services.

Typical onboarding requires proof of identity, recent proof of earnings and basic personal details to meet lending criteria. Prepare credit and income documents before you start so verification moves smoothly.

Once the account is active, the application steps can begin straight away and often shorten the overall approval time. If any personal information needs to change during setup, update the bank promptly to avoid delays.

The bank will advise which everyday account suits your banking and loan needs. Read the account information and contact the bank for help at any time during setup.

Timing: from application to funds in your account

Expect a clear timeline from application to payout, with most personal decisions returned within five business days. Busy periods can extend this, so applicants should be ready for a longer wait at peak times.

Providing complete information and accurate amount requests cuts follow-up questions. Supplying pay slips, ID and supporting documents quickly helps speed approval and shortens the overall period.

Once approved, funds can be paid to an existing ANZ everyday account the same business day in many cases. Complex or home applications often take longer because of valuations or security checks.

Monitor email and phone for contact about next steps and any extra requirements. Use digital channels where available to speed identity checks and verification.

Plan cash flow for the first repayment and align it to salary dates to avoid missed payments. Use calculators to model terms in months and see how the chosen period affects monthly cost and the overall loan budget.

Have a contingency plan if processing takes longer than expected, such as short-term savings or an arranged overdraft, so finances remain covered while waiting for funds.

Ready to take the next step with your ANZ loan

If the budget works, applying is quick and can be done online, in the goMoney app, via Internet Banking or by calling 0800 837 123 (overseas +64 4 470 3142).

They should gather ID, income documents and a repayment plan, then check the current interest rate, terms conditions and any fees before they submit. For a personal loan there is no application fee, repayments are flexible and interest is calculated daily and charged monthly in arrears.

If they are considering home borrowing, discuss fixed‑period implications such as Early Repayment Recovery. Use calculators, set up automatic payments from the linked ANZ account and talk to a representative about credit options or changing settings if circumstances shift.

Ask questions about documents, timelines and rates so they can proceed with confidence.