Graduate Loan

An ANZ Graduate Loan could assist you to pay for that new car, upgrade your laptop or even take a well deserved holiday. No repayments are required for the first year of the loan! If you are a recent graduate with an offer letter for employment in your current field of study, and a permanent Australian resident, you could be eligible for an ANZ Graduate Loan. You need to apply within 6 months of your course completion and have not yet commenced the position stated in your letter of offer. No repayments are required for the first year of the loan.

Loan Features
Loan term	From 1 to 7 years
Minimum loan amount	$5,000
Maximum loan amount	No maximum loan amount set
Repayment frequency	No repayments required for the first year of the Graduate Loan.  (Interest and fees are accrued and debited to the loan during the 12-month repayment deferral period).
Additional repayments	You have the freedom to increase your repayments at any time.  This means you can choose to pay off your loan faster and save on interest costs1.
Redraw facility	Not available
ANZ Loan Protection (optional)2	Not available
Variable interest rate4	Interest rate from 14.09% p.a. Comparison rate3 from 17.21% p.a.
Fees and charges	Loan approval fee: $150, due when the loan is drawn down Loan administration charge: $30, charged every three months, for the previous three months