- Verified customer
Just stay away from ANZ
I am currently an ANZ customer and had a car loan with ANZ (through a broker) that paid off without any delay for 4 years, finished last month. This month, I applied for another car loan to replace my old car with a new one. About the same loan repayment amount, same term but my income has been increased, asset increased and my home loan paid off, so no debit. My car loan (secured loan) was rejected for insufficient income after long waiting and providing many documents. So I quickly applied for another car loan on a different bank as I am in t...he middle of buying a new car and it is approved within 48 hours. I thought I have paid off previous ANZ car loan successfully plus being ANZ and more income that would make my second car loan application easy with ANZ however it was not the case for ANZ. ANZ has a strange non-sense system and there is no royalty being a banking customer. This simply add a negative credit application history on my Equipfax credit report. Previously I had the same experience with a personal credit card application. Approved from 2 banks right after ANZ rejecting my application. It is a funny and silly finance system from ANZ.
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