ANZ offers a flexible car finance option, providing personal loans with interest rates starting from 7.49% p.a. You can borrow between $5,000 and $75,000, with terms ranging from 1 to 7 years. Additionally, add value with a $300 cashback for loans of $15,000 or more, making this offer especially appealing for new or used car buyers in Australia. All applications are subject to ANZ’s credit assessment criteria and eligibility requirements such as being over 18 and earning at least $15,000 annually.

Step by Step: How to Apply

Firstly, decide your desired loan amount and preferred repayment term—between 1 and 7 years.

Secondly, gather your income, expenses, and identification documents like driver’s licence or passport.

Thirdly, you can use the ANZ car finance calculator to estimate your repayments before proceeding.

Next, submit your online or in-branch application and await ANZ’s assessment and approval.

Finally, once approved, funds for in-branch applications submitted before midday may be available that very day, speeding up your car-purchasing journey.

Pros: Why Consider ANZ Car Finance?

One of the strongest advantages is speed—same day cash for in-branch approvals before midday means you can act quickly on your chosen car.

Also, ANZ personal loans are unsecured, so you won’t need to offer your car as security, keeping your asset safer.

Cons: What to Consider Before Applying

Be aware that fixed rate loans may incur early repayment charges if you choose to repay your loan early or make extra repayments.

Additionally, the interest rate you are offered will depend on your credit score and may be at the higher end for lower-rated applicants.

Verdict: Is ANZ Car Finance Worth it?

Overall, ANZ Car Finance stands out for flexibility, competitive rates, and quick access to funds, especially with the extra cashback on larger loans. With straightforward eligibility and a reputable lender, it’s an appealing choice for many Australians ready to hit the road.