While you can apply for finance either online, over the phone or in person, the process itself remains similar and relatively simple. You should always ensure that you have everything prepared in advance to avoid any potential hiccups or delays in the process, as well as know each step so that you aren’t hit with any surprises around the corner. Your unsecured personal loan application will be as follows:

Review the required eligibility criteria

Before you apply, double-check the qualification requirements to ensure your application can actually be considered by the lender. You’ll have to meet the following points:

• You must be 18 years or older
• You must be an Australian citizen, permanent resident or hold an applicable visa
• You must be earning at least $15,000 annually

Gather your documentation

Additionally, you should ensure you have all the required documents on hand to provide as part of your application, as preparing these in advance will expedite the process. These are:

• Your driver’s licence
• Your ANZ account number
• Information regarding your income, as well as your assets, liabilities and expenses
• If you’re not an ANZ customer prior, you’ll need two of your driver’s licence, Medicare card, Australian passport or an Australian visa

Submit your application and receive an outcome

Once you have all of these, you can fill out the form on ANZ’s website and submit it to them for consideration. This is simple to complete and shouldn’t take you too long to do. From there, they’ll let you know whether your application has been successful and proceed if it was.

Supply any supporting documents and get approved

You may be required to supply some further supporting documentation once conditionally approved. If you do this and they’re happy with the application, you’ll be notified of your formal approval.

Sign your contract and receive your funds

You’ll be sent a loan contract to sign which sets your agreement in stone with ANZ. You’ll be required to sign and return this and, once you’ve done so, the funds can be transferred into your nominated account and you can use them however you wish.

Of course, it’s important to compare your options with Savvy before you apply with ANZ. We’re partnered with a variety of flexible lending partners who can provide you with the loan you’re looking for at affordable rates. Put yourself in a position to make the right call before you apply. You can even use our repayment calculator to help you estimate the cost of your loan before applying.