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ANZ Progress Loan - Personal lending

ANZ Progress Loan

ANZ Progress LoansThe ANZ Progress Loan has been specifically designed to suit the needs of Health Care Card or Pensioner Concession Card holders, with manageable fortnightly repayments, competitive interest and low fees. The Progress Loan is offered through a partnership between ANZ and the Brotherhood of St Laurence.

Loan term
Choose from 1 to 5 years.
Minimum loan amount
$500
Maximum loan amount
$3,000 for household items and $5,000 for vehicle purchases.
Repayment Frequency
Repayments are fortnightly and are timed to match your Centrelink payments.
Additional repayments
You have the freedom to increase your repayments at any time. This means you can pay off your loan faster and save on interest costs.
Interest rate
14.29% p.a.
Comparison rate1
14.29% p.a.
Loan Approval Fee
$40. This covers application and loan establishment costs.
Other fees
$0. No other fees apply.
Eligibility

To be eligible to apply for an ANZ Progress Loan, you'll need to be:

  • over the age of 18 
  • a permanent Australian resident 
  • have a current Health Care Card or Pensioner Concession Card 
  • up to date with your rent and bills.

You don't need to be an existing ANZ customer to apply.

What documentation do I need to provide?
To apply for an ANZ Progress Loan, all you have to do is meet the eligibility criteria and provide details about yourself, basic financial details and evidence of your income to a Brotherhood of St. Laurence loan officer. View more information on eligibility for a ANZ Progress loan.

It's easy to apply for an ANZ Progress Loan, simply:

1 This comparison rate is based on a $3,000 Progress Loan for a three year term.