ANZ Car Loan
ANZ offers car loans for new and used vehicles with a fixed interest rate of 13.90% p.a. and no application fees.
Last checked on June 11, 2026. We may earn a commission when you click through.
The ANZ Car Loan is straightforward with a fixed rate, but its APR might be high for some borrowers.
ANZ Car Loan
Updated 1 month agoAPR Range
13.9%
Amount
NZ$3k–NZ$50k
Term
6–84 months
Type
car_finance
You'll be redirected to anz.co.nz
Our Verdict
The ANZ Car Loan is straightforward with a fixed rate, but its APR might be high for some borrowers.
Best For
Ideal for those seeking a reliable lender with no application fees and quick approval times.
Watch Out
Be mindful of the potentially high fixed interest rate of 13.90% p.a. which may not suit everyone.
Pros
- No application fees
- Fixed interest rate for clarity
- Quick approval process
- Wide range of loan amounts
- Suitable for new and used vehicles
Cons
- High fixed interest rate of 13.90% p.a.
- May not be competitive compared to others
- Limited options for those with poor credit
- Approval requirements can be strict
- Not ideal for short-term loans
Full Review
With a fixed interest rate of 13.90% p.a., the ANZ Car Loan offers simplicity and transparency. This rate applies to both new and used vehicles, making it a convenient choice for car buyers in New Zealand. Loans range from $3,000 to $50,000 with terms between 6 to 84 months, giving borrowers flexibility in repayment.
Approval typically occurs within 5 business days, which is competitive in the market. However, this loan is not ideal for borrowers seeking lower rates, as 13.90% can be steep compared to alternatives like ASB, which may offer lower rates for qualified applicants. ANZ’s customer service reputation is generally solid, but experiences can vary, particularly regarding responsiveness.
The lack of application fees is a plus, but potential borrowers should be aware that the overall cost of borrowing can add up quickly due to the fixed rate. Before proceeding, it's advisable to compare with other lenders to ensure you're getting the best deal for your financial situation. For more details, visit ANZ's official page.
Who Is This For?
This loan is suitable for NZ residents with regular income looking to finance a vehicle without upfront application costs.
What Borrowers Say
Borrowers appreciate the straightforward process but express concern over the interest rate.
Summary
The ANZ Car Loan offers a clear, no-fee solution for vehicle financing, though the interest rate may deter some potential borrowers.
About This Loan
Requirements
- NZ resident
- Aged 18+
- Regular income
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