ANZ Graduate Loan

Moneybuddy says

The ANZ Graduate Loan is available to selected final year students and graduates within six months of the final exam. Interest is charged at a fixed rate for the first year, then reverts to the variable rate for the remaining 4 years.

The Basics

Security Unsecured

Personal loan type Personal Loan

Start rate 14.15%

Interest Variable / Fixed

Max. loan -

The cool stuff: features

Loan insurance available? No

Repayment schedule Weekly

Online application No

Redraw facility No

Early repayment allowed Yes

Additional repayments allowed No

The Facts & Figures

Comparison rate 15.19%

Min. loan $5,000

Min. term -

Max. term 5 months

The ugly stuff: fees

Signup fee $125

Exit fee -

Monthly fee -

* Important note: All information provided by advertiser or taken from advertiser website and correct at time of publishing. If this information is incorrect, please contact us.

Pros

  • Interest rate fixed in first year
  • Pay only interest in first year

Cons

  • No redraw facility
 
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