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    ANZ Personal Loan

    We found 2 ANZ Personal Loan

    Bank Name
    Interest Rate
    Loan Tenure
    Joining Perks
    From 0.48% EIR from 0.91%
    1-5 Years
    What you'll love
    What you need
    What Documents are required
    What it costs
    From 6.6% EIR from 11.90%
    1-5 Years
    What you'll love
    What you need
    What you need to consider
    What it costs

    ANZ Personal Loan

    Personal Loan BYTES FROM OUR KITCHEN

    ANZ Personal Loan in Singapore

    ANZ Singapore has several personal finance schemes that suit the finance requirements of both retail customers and enterprise lenders. The unique ANZ Singapore Moneyline offers a credit line for customers that have unforeseen financial requirements. Unlike other loans, a personal loan or a money loan can get instant approval, and the disbursal of funds can be completed within a few days. In the case of the ANZ Singapore Personal Loan, the disbursal can be completed within 24 hours.


    You’re probably eligible for a ANZ Singapore Personal Loan if you are

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    02
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    04
    ANZ Singapore Personal Loan Minimum Age

    Atleast 21 years

     ANZ Singapore Personal Loan Maximum Age

    Less than 65 Years

     ANZ Singapore Personal Loan Eligible Employment Type

    Salaried or self-employed
    with regular income

     ANZ Singapore Personal Loan Minimum Income

    Earn more than the minimum income required


    Your ANZ Singapore Personal Loan amount eligibility is based on these factors

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    02
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     ANZ Singapore Personal Loan Minimum Salary

    Minimum income required S$30,000 p.a.

    ANZ Singapore Personal Loan Maximum Loan Funded

    Max loan amount - 4x your monthly income

     ANZ Singapore Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible ANZ Singapore Personal Loan amount by these steps

    01
    02
     ANZ Singapore Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    ANZ Singapore Personal Loan Tenure

    Choose longer tenure loan up to 5 Years


    Documentation needed to apply for an ANZ Singapore Personal Loan

    • 1.Photocopy of NRIC
    • 2. Salaried Employee:
      • Latest Computerized Payslip OR
      • CPF Contribution Statement for past 12 months OR
      • Latest Income Tax Notice of Assessment (NOA)
    • 3. Variable Income/Commission Based Earner:
      • Latest 6 months Computerized Payslip OR
      • CPF Contribution Statement for past 12 months OR
      • Latest Income Tax Notice of Assessment (NOA)
    • 4. Self-Employed:
      • Income Tax Notices of Assessment (NOA) for past 2 years
    • 5.Any other documents as may be requested by the Bank at its sole discretion

    ANZ Singapore Personal Loan DetailsUpdated on 27 Apr 2017

    ANZ Singapore Personal Loan Details
    Interest Rate 6.6% pa
    Minimum Income S$30,000 p.a.
    Max Loan Amount up to 4 times your monthly income
    Loan Tenure 5 Years
    Processing Fee S$50
    EIR 11.90% p.a
    Guarantor Requirement No Guarantee Required

    About ANZ Bank Personal Loan Singapore

    The Australian and New Zealand Banking Group popularly called as ANZ is one of the largest banks in Australia. It ranks third only behind the banking behemoths Commonwealth Bank and Westpac Banking Corporation. ANZ began its operations in Singapore in the year 1974. A journey that started with a representative office, turned into an offshore bank in 1980. Looking at the promise that the Singaporean market offered to the company, in the year 2002, the bank has been upgraded to a wholesale retail bank in Singapore. In ANZ Singapore, one can get integrated solutions like institutional and corporate banking, retail banking, trade finance, financial markets, corporate finance, private banking and investment banking services.

    Why choose ANZ Singapore Personal Loan?

    Unlike most traditional personal loans where the total funds to be disbursed are lent to the borrower in one go, the ANZ Singapore moneyline or ANZ Singapore personal loan gives complete control to choose when you want to spend the money. Interest is charged accordingly, based on the actual credit line used and not on the total loan disbursed. This unique system of lending helps customers in several ways:

    • Reduced principal reduces the interest payable every month.
    • Easy to repay the interest.
    • Surplus funds in the current account can be useful in reducing monthly interest amounts due.

    On the contrary, if you are looking for a traditional term loan for personal use, ANZ Singapore offers you that option too. For select customers, ANZ offers Moneyline express, a solution where funds can get approved by the bank and disbursed into your account within 24 hours. To be eligible for moneyline express, one needs to be an existing moneyline customer.

    Features & Benefits of ANZ Personal Loan

    MoneyLine Term Loan - New customers

    • ANZ offers the ANZ MoneyLine Term loan as a personal loan to new customers,with funds drawn on the ANZ MoneyLine line of credit account.
    • Customers can get up to 4 times their monthly income as loan amounts, up to a maximum of S$100,000.
    • Low interest rates starting from just 6.6% per annum.
    • Low Repayment – The applicant would only need to repay 3% of the borrowed amount on the credit provided or S$12, whichever is higher.
    • Unlimited cheque book usage with zero hidden fees.
    • ANZ offers 24 hours customer support via telephone, email and Internet Banking.
    • Free Global ATM access via Visa Debit Card.
    • A MoneyLine Term Loan can be taken by new customers with tenures ranging between 12, 24, 36, 48 and 60 months.

    MoneyLine Term Loan - Existing customers

    • Existing ANZ customers, can efficiently manage your cashflow with a ANZ MoneyLine Term Loan, which is a personal loan given on the ANZ MoneyLine line of credit account.
    • The ANZ MoneyLine Term loan can be repaid as regular monthly installments.
    • A MoneyLine Term Loan can be taken by existing customers with tenures ranging between 12, 24, 36, 48 and 60 months.
    • The interest rate offered by ANZ on this type of personal loan is quite low, at 0.48% per month.

    MoneyLine Term Loan for New customers - Promotions

    ANZ offers MoneyLine Term loans at promotional interest rates to new customers, based on the quantum of loan availed.

    Customers who apply for an ANZ MoneyLine Term Loan before 30 September 2015 can enjoy the following benefits -

    • Low interest rates at 6.6% per annum.
    • As a sign-up gift, customers can get a Philips 5000 Series 3D Blu-ray Smart TV 5.1 Home Theatre worth S$549 or a Philips 9000 Series Bluetooth Headset with mic worth S$249. The sign-up gift also depends on the approved loan amount. The home theatre system can be got for approved loan amounts of S$20,000 or above. The headset will be given for approved loan amounts between S$12,000 and S$20,000. The loan tenure selected should also be between 36, 48 or 60 months.
    • Customers can make full loan repayments within 30 days of loan approval, without paying any extra charges.
    • If the MoneyLine Term Loans are repaid after the first year of the loan tenure, ANZ waives off the early repayment fee for borrowers.
    • New borrowers can choose to repay either the minimum amount required or the Total Monthly Term Loan Outstanding amount, every month.

    ANZ MoneyLine Term Loan for New customers - Promotional Interest Rates

      12 months 24 months 36 months 48 months 60 months

    Loan

    Amount below

    S$15,000

    7.2% (14.29%) 7.2% (13.94%) 7.8% (14.67%) 7.8% (14.37%) 7.8% (14.10%)

    Loan Amount between

    S$15,000 and S$30,000

    6.8% (12.93%) 6.8% (12.88%) 7.2% (13.40%) 7.2% (13.18%) 7.2% (12.97%)

    Loan amount of

    S$30,000 and

    above

    6.6% (12.22%) 6.6% (12.33%) 6.6% (12.22%) 6.6% (12.07%) 6.6% (11.90%)

    MoneyLine Term Loan for Existing customers - Promotions

    Existing ANZ customers can enjoy the following promotional benefits when they avail a MoneyLine Term Loan before 30 September 2015.

    • Save on interest rates with ANZ offering rates as low as 0.48% per month.
    • Customers also have the flexibility to choose from a range of loan tenures ranging from 12, 24, 36, 48 to 60 months.
    • As a sign-up gift, customers can get a Philips 5000 Series 3D Blu-ray Smart TV 5.1 Home Theater worth S$549 or a Philips 9000 Series Bluetooth Headset with mic worth S$249. The sign-up gift also depends on the approved loan amount. The home theater system can be got for approved loan amounts of S$20,000 or above. The headset will be given for approved loan amounts between S$12,000 and S$20,000. The loan tenure selected should also be between 36, 48 or 60 months.
    • Existing borrowers can choose to repay either the minimum amount required or the Total Monthly Term Loan Outstanding amount, every month.

    ANZ MoneyLine Term Loan for Existing customers - Promotional Interest Rates

      12 months 24 months 36 months 48 months 60 months

    Loan

    Amount below

    S$15,000

    5.8% (11.79%) 6.8% (13.22%) 7.2% (13.64%) 7.8% (14.37%) 7.8% (14.10%)

    Loan Amount between

    S$15,000 and S$30,000

    5.8% (11.29%) 6.5% (12.42%) 6.8% (12.76%) 7.2% (13.23%) 7.2% (13.01%)

    Loan amount of

    S$30,000 and

    above

    5.8% (10.91%) 6.5% (12.22%) 6.6% (12.27%) 6.6% (12.11%) 6.6% (11.93%)

    Moneyline Express is a unique programme that gives applicants the edge of receiving funds after disbursal within 24 hours of applying for a moneyline term loan. This loan is available for existing ANZ customers along with new customers. The loan application is processed and approved on the same day. The bank has a charge of S$50 for processing an ANZ Moneyline express loan.

    Item Fee and charges
    Annual Fee (Waived for the 1st two years) S$49
    Late payment charge S$80
    Over limit charge S$50
    ATM Card Replacement fee S$10
    ATM5 Shared ATM Network Withdrawal fee Waived
    Overseas ATM Withdrawal fee S$12
    Returned Cheque charge S$50
    Stop Cheque charge S$40

    Income criteria for Singapore Citizens or Permanent Residents: Annual income of at least S$30,000.

    • Income criteria for foreigners: Annual income of a minimum of S$60,000.
    • Age – must be between the ages of 21 and 65 to be eligible for the loan.

    In the case of Singapore citizens or permanent residents of the country, you would need to provide a copy of the identification card along with the following list of documents. In the case of foreign residents, a valid employment pass, which must be valid for a minimum of 9 months along these documents. A copy of the Identification card is a must for Singaporeans and permanent residents.

    For salaried employees

    • Online CPF statement submission or any of the following
    • Last 6 months printed CPF statement
    • Latest computerized payslip
    • Most recent Income Tax Notice Assessment

    Self-employed professionals

    • Income Tax Assessment - minimum of last 2 years.

    Commission based earners

    • CPF Statement for the last six months
    • Income Tax Notice of Assessment for the last two years
    • Commission Statement from the company for the last 6 months.

    One of the biggest advantages of an ANZ Singapore Personal Loan is that you would need to pay interest only on the funds utilized, and not on the entire loan. The prevailing interest rate is 19.88% per annum.

    Another major advantage of the ANZ Moneyline is that you would need to repay only a minimum of S$12 or 3% of the outstanding amount, whichever is higher.

    Month-end outstanding debit balance Minimum payment amount
    S$0 to S$12 Amount outstanding
    >S$12 to S$400 S$12
    >$400 and above 3% of loan outstanding
    1. What are the advantages of taking an ANZ Singapore Personal Loan?
    2. A. Unlike other personal loans, where the entire loan amount is disbursed at once, an ANZ Moneyline is a credit line that lets you use funds as and when the need arises. As a result, your monthly repayments would be considerably lower than any other comparable personal loan.

    3. What is the eligibility criterion for applying for an ANZ moneyline facility?
    4. A. The age of the applicant must a minimum of 21 years and a maximum of 65 years. The applicant must be a Singapore resident or Citizen, with minimal annual income of S$30,000. In the case of non-residents, the minimum income would need to be S$60,000 per annum.

    5. What is the maximum loan that can be approved? Is it possible to increase my credit limit during the tenure of the loan?
    6. A. ANZ Singapore Personal Loan can be given up to 4 times of the applicant’s monthly income. The applicant can get his permanent credit limit increased by submitting an application for credit limit review.

    7. Can I transfer my term loan funds to other accounts?
    8. A.Yes, term loan funds can be transferred to other bank accounts, credit cards or personal credit lines. Funds cannot be transferred to ANZ accounts.

    9. How will i know my term loan tenure?
    10. A.The opted term loan tenure will be included in the monthly account statement for the loan.

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