Consolidating debt anz
Read on to compare the debt consolidation options offered by ANZ and weigh up whether they're right for you.ANZ personal loans allow you to combine your outstanding credit card and loan dues under a single account.Most banks offer promotional balance transfers and low rate personal loans, giving Australians plenty of debt consolidation options.This guide, however, will focus on the alternatives offered by ANZ.· Avoid overdrawing your account to show you’re able to manage your finances effectively. This shows us you’re more likely to manage making regular loan repayments too. Understand your credit report Your credit history may affect how much you can borrow as well as your chances of approval.Activity such as overdue bills, missed credit card payments, arrears or debt collection could be recorded at a credit reporting body.Results are based on amortised scheduled repayments with a constant interest rate for the term of the loan.
Costs such as redraw fees or 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. Complete applications (including all supporting documentation) must be submitted in store by 2pm Monday – Friday.
Home owner [or NZCU South mortgage customer] personal loan rates from 9.95% p.a.
Non-home owner [or Non-mortgage customers] rates from 13.95% p.a.
For more information, check out: Comparison rate calculated on unsecured loan amount of ,000 over a term of 5 years based on monthly repayments.
WARNING: This comparison rate applies only to the example or examples given.