Rating based on 25 reviews


  • Bad credit loans up to $50,000
  • Low-interest starting from 15.99%
  • Repayment up to 7 years

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ANZ homepage
Author ANZ. Screenshot of ANZ website.
[Accessed May 3, 2023]

ANZ - reach your financial goals

Being the third largest bank in Australia, ANZ is proud of over 180 years of serving Australians and assisting them to reach their financial goals, both personal and business. 

ANZ is recognised, with a presence in over 30 countries, serving around 10 million customers worldwide.  Even with such a large footprint, they pride themselves in personal service to each individual customer via their branches, online services or customer service call centres. They even assist with bad credit loans if the customer has met certain criteria. 

What can they offer you?

Their range of products is extensive and is available to individuals and business account holders.  New customers are always welcome to contact them to join their world-class banking experience.  They have various types of personal loans, with variable and fixed loan rates, and car loans for new and used vehicles, whether buying from a dealer or a private seller. 

Their personal overdraft facilities and personal loan comparative calculators are all tailored with your needs in mind. They also know there might come a time in your life when you don’t need all the frills.  All you want is an easy solution to simplify your life and create a bit of financial order.

Less is more

Although they can offer you endless accounts, quick loans and services–they are certain you already have some of these services that are non-ANZ provided elsewhere.  Credit cards, store cards, personal loans, vehicle finance, home loans, medical bills, tax bills and more.  They all often start out thinking ‘more’ means progress.   More equates to success.  More shows achievement and stability.  More and more and more… until you feel like it’s just too much.  They agree it is too much.  At ANZ they have seen that ‘less is more’.  It seems a cliché, and it most likely is, however, let them explain.

A wide range of loan options

Let them at ANZ create your ‘less’.  Less admin, less stress, less interest to pay, fewer account charges and fees, and less hassle… why would you not want less? 

At ANZ they can provide you with a debt consolidation solution. Take stock, calculate your grand total, apply for a personal loan and get all your debt paid off at once, then ease into your new financial life. 

Yes, you can put all your eggs in one basket

You can merge and settle all your outstanding debt to various creditors by applying for a debt consolidation loan. 

Following their application process, all the way through to ‘approval’ will mean you can have one personal loan amount, one repayment amount and one end date for the loan agreement. At ANZ they’ve persevered through some tough times with their clients, and they can do the same for you. 

What are the options?

ANZ has two options regarding their consolidated debt solutions in the form of personal loans. You can choose either an ANZ variable rate loan or a fixed rate loan. They do not offer bad credit loans but may offer you a secured loan. The variable rate loan gives you the freedom of paying off your loan earlier, with no penalties. 

You can also increase your loan amount and have access to same-day cash via your ANZ everyday account if requested before midday within the branch (Mon-Fri). The interest rate offered is competitive at 15.99% p.a. subject to your application being approved.

ANZ – Bad credit loan

  • Loan Type Bad credit loans
  • Interest Rate 15.9948% p/a
  • Loan Amount up to $50,000
  • Repayment 1 year to 7 years

Benefits of ANZ

  • Choose between loan options
  • Their loan has flexible repayment terms
  • Unsecured Loans for clients with bad credit

Bad credit loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This bad credit loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

ANZ - Flexible and affordable loans

The ANZ fixed rate loan means that you expect any changes in the interest rates. 

Your repayment amounts will not change for the full duration of your loan term. Your budget is 100% under control. You can also have access to same-day cash via your ANZ everyday account if requested before midday within the branch (Mon-Fri). The interest rate is a competitive 10.99% p.a, or the agreed amount as per your application approval, for the duration of your loan term.

To ascertain how much you could borrow and what your repayments would be, be sure to use the calculator on their website to get estimates.  They have seen financial hardships and watched their clients overcome these challenges. They are there to assist you to overcome tough times.

A few important details

Follow the online loan application process from their website, which takes about 10 minutes. To qualify you would need to be 18 years or older, earn a minimum of $15,000 per annum and be an Australian citizen, permanent resident or have a valid visa.

To help you with an effortless online application, have the following details available. 

  • Income, employment confirmation and a summary of your current financials
  • Driver’s licence (if you have one)
  • Your ANZ account number if you’re an existing customer

If  ANZ approves your application for a variable rate or fixed rate loan, they will send you a Letter of Offer. Only once you have accepted their offer will you be bound to the agreement of the loan and the money will become accessible. Funds are usually available on the same day.

man holding thumbs up

ANZ is a trusted & reliable provider of bad credit loans

In our review, ANZ adheres to the compliance criteria in accordance with the National Consumer Credit Protection Act 2009, where the granting the loan will not cause financial distress to the consumer.

✅ ANZ is a registered credit provider in Australia: ACL 234527

Customer Reviews & Testimonials

September 2018

I pride myself in working with such a passionate credit provider as ANZ that goes out of its way to ensure that their customers are happy with their loan products.

Zoe A
— Cairns —

December 2019

If you looking for an affordable loan, ANZ will never disappoint you when it comes to lowly priced credit offers.

Oliver W
— Alice Springs —

April 2019

ANZ has never failed me when it comes to giving me a loan I am proud to pay off on a monthly basis.

Jack T
— Canberra —

ANZ Contact

Physical Address

Opening Hours

  • Monday 11:00 – 15:00
  • Tuesday 11:00 – 15:00
  • Wednesday 11:00 – 15:00
  • Thursday 11:00 – 15:00
  • Friday 11:00 – 15:00
  • Saturday – Closed
  • Sunday – Closed