ANZ offers an attractive range of car finance options, with personal loans tailored for new or used cars. Interest rates for eligible borrowers start from 7.49% p.a., and applicants can choose between fixed and variable rates, with loan terms from one to seven years. You can borrow from $5,000 up to $75,000, and the rate is personalised depending on your credit score. For those applying in-branch and approved by midday, funds can be available the same day, making it a convenient option if you need quick access to finance.

Step-by-step: How to apply

• Estimate your repayments using the ANZ Car Finance Calculator.
• Check your eligibility – be 18+, an Australian resident, and earn at least $15,000 annually.
• Prepare your documents: proof of income, identification, and financial details.
• Apply online or at an ANZ branch for same-day cash (if approved by midday).
• Wait for your application to be assessed and receive your personalised rate offer if approved.

Benefits of ANZ Car Finance

The ability to choose fixed or variable rates lets you tailor your repayment strategy. ANZ’s transparent, personalised interest rates reward borrowers with good credit histories, offering more affordability for those with solid financial backgrounds. The loan’s flexibility, including repayments from one to seven years, as well as a high maximum amount, accommodates a wide variety of car buyers’ needs.

Drawbacks to consider

Fixed rate loans come with potential early repayment charges, making it less appealing if you plan to pay off your debt sooner. Personal loans are typically unsecured, so while your car isn’t at risk of repossession, you may face a higher interest rate compared to secured car loans offered by some other lenders.

Verdict: Is ANZ Car Finance Right for You?

If you value quick access to funds, flexible loan features, and the confidence that comes from a major institution, ANZ personal car loans are a strong choice. However, the possibility of higher rates for applicants with limited credit history and fees for early repayment should be taken into account before applying.