Renovation Loan

Renovation Loan

 

An ANZ Personal Loan is a fast and convenient way to finance your home improvements. Whether it’s upgrading a kitchen or a bathroom, adding a deck, or investing in the latest home entertainment system, ANZ could help you with a loan for your renovation.

Sometimes it’s better to renovate than relocate. It may be an economic choice, an investment in the future, or maybe you’ve simply grown attached to your home and can’t bear the thought of moving. Figuring out how to pay for home improvements can be stressful, and ANZ could help with a loan to suit your renovation needs. Choose either a fixed or variable interest rate, and enjoy flexible repayment options.

Which loan type is best for me?

Loan Features Variable Loan Fixed Loan
Different Features

Yes Variable rate

Yes Extra repayments allowed at no extra 
     cost1.

Yes Fixed rate

Yes Extra repayments allowed but fees and 
     charges apply.
Benefits
  • Ability to pay off your loan faster and save on interest costs1
  • Ability to redraw on additional loan repayments you have made if the need arose5
  • You could benefit when interest rates decrease
  • Offers you the certainty of knowing what your repayments are for the fixed period
  • Safeguards you against increasing interest rates
  • Assists with budget management
Features
  • Minimum loan amount: $5,000
  • No maximum loan amount set
  • Loan term: From 1 to 7 years (your choice)
  • Flexible repayment options of weekly, fortnightly or monthly
  • ANZ Loan Protection2: Optional insurance cover for when the unexpected happens. If you choose ANZ Loan Protection, you may qualify for a 0.25% p.a. interest rate discount.
Additional Repayments Yes Yes. You have the freedom to make extra
     re-payments at no
     extra cost1.		 Yes Yes. Fees and charges apply.
Redraw Facility Yes Yes. Redraw allows you to access
     additional loan
     payments you have
     made. The minimum
     redraw is $5005.		 Not available
Fees and charges
  • Loan approval fee: $150, due when the loan is drawn down
  • Loan administration charge: $30, charged every three months, for the previous three months
Interest Rates4
Apply now
Apply now

Applying for an ANZ Personal Loan is now even easier

Call us today

Call us today

Call a loan specialist now on 1800 339 410, Monday to Friday, 8am to 9pm (AEST), Saturday, 9am to 4pm (AEST).

Apply online

Apply online

Apply online and receive a response in only 60 seconds. Apply now.

Visit any branch
Visit any branch
What you need to apply

What you’ll need to apply

Find out about personal loan eligibility and what you’ll need to apply. 

All applications for credit are subject to ANZ's credit assessment criteria.

Terms and Conditions available on application. Fees and charges apply.

1. A Deferred Establishment Fee will apply if you repay your Variable Rate Loan within 12 months of the date of advance. 

2. ANZ Loan Protection is underwritten by OnePath Life Limited (OnePath Life) ABN 33 009 657 176 and QBE Insurance (Australia) Ltd ABN 78 003 191 035.

Australia and New Zealand Banking Group Limited (ANZ) (ABN 11 005 357 522) is an authorised deposit taking institution (bank) under the Banking Act 1959 (Cth). OnePath Life is owned by ANZ – it is the co-issuer of the product (along with QBE Insurance (Australia) Limited ABN 78 003 191 035 AFSL 239545) but it is not a bank. Except as set out in the issuer's contract terms (including the Product Disclosure Statement), this product is not a deposit or other liability of ANZ or its related group companies. None of them stands behind or guarantees the issuers. Terms and Conditions apply. View insurance disclaimer and important notes.

3. These comparison rates are based on a $10,000 Personal Loan for a three year term. This rate is applicable for unsecured loans only.

WARNING: This Comparison Rate applies only to the example or examples given. Different amounts and terms will result in different Comparison Rates. Costs such as early repayment fees, and cost savings such as fee waivers, are not included in the Comparison Rate, but may influence the cost of the loan.

A Comparison Rate Schedule is available at any ANZ branch or view it online ANZ Comparison Rate Schedule (PDF 64kB).

4. Rates as at loading product data(View current rates) and subject to change.

5. Terms and conditions apply.

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