Secured Car Loan Calculator
Use this calculator to estimate what your car loan repayments could be. If you’re ready to get started head to our car loan page.
Want a new car and some cashback?
You could get $150 cashback++ to use as you like when you're approved and accept your car loan by 30 September 2024.
Existing BankSA Customers only. Eligibility, credit criteria, terms and conditions and other fees apply. Excludes non-resident and migrant applications. Offer excludes Unsecured Personal Loans. Approved contracts must be accepted before 30 September 2024.
Important information
Personal Loan Terms and Conditions (PDF 229KB) - for customers approved before 18 March 2024.
Personal Loan Terms and Conditions (PDF 369KB) - for customers who apply, or are approved, on or after 18 March 2024.
Any advice on this website is general in nature and has been prepared without considering your objectives, financial situation or needs. Please read the product disclaimer and Terms and Conditions documents and consider your individual circumstances before applying for a BankSA Personal Loan. Credit criteria, fees, charges, terms and conditions apply. Information correct as of 22 May 2024. Interest rates are subject to change.
^Comparison rates: Comparison rates help you understand the true cost of a loan. All comparison rate examples shown are for a personal loan amount of $30,000 and a term of 5 years. WARNING: Comparison rates apply only to the example or examples given and may not include all fees and charges. Different loan amounts and terms will result in different comparison rates. Costs such as loan discharge fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Secured Personal Loan repayment terms range from 1 to 7 years. Interest rate ranges and representative examples are based on a secured loan of $30,000 borrowed for 5 years:
- The minimum interest rate for a secured fixed rate loan is 6.49% p.a. (Comparison rate 7.69% p.a.) with the estimated total amount payable including fees is $36,224.
- The maximum interest rate for a secured fixed rate loan is 12.99% p.a. (Comparison rate 14.14% p.a.) with the estimated total amount payable including fees is $42,008.
^^To qualify for a Secured Personal Loan, applicant must meet all credit criteria and the car offered as security must meet all criteria - either new or if used, cannot be older than 7 years at time of application, registered under the applicant's name once purchased, has been made locally or imported by the manufacturer, has never been written off (even if it was repaired), has a paid, fully comprehensive insurance policy with BankSA noted as the financier and is for personal use only. The loan amount may exceed the vehicle's market value, as defined by BankSA, to cover the purchase price of the vehicle and other expenses.
#Repayment calculator & assumptions: Any calculations made by you using this calculator is intended as a guide only. It is for illustrative purposes only and is based on the accuracy of the information provided. The calculation is not an offer of credit. The amount you can borrow may vary once you complete a loan application and all the details relevant to our lending criteria are captured and verified. The calculations should not be relied on for the purpose of making a decision whether to apply for a personal loan. Weekly and fortnightly repayment calculations – if your monthly repayments are $1000, fortnightly repayments are calculated by dividing $1000 by 2 and rounding up if required ($1000 ÷ 2 = $500). Weekly repayments are calculated by dividing $1000 by 4 and rounding up if required ($1000 ÷ 4 = $250).
**Personalised rates: The rate for some customers is based on personalised pricing. Instead of a one-size-fits-all approach, personalised pricing allows us to offer more people personal loans at a better rate, based on an assessment of credit history as well as the information provided in the application.
++Credit criteria, fees, charges, terms and conditions apply. $150 cashback is available to existing customers who have a BankSA transaction account open at the time of offer fulfillment and apply for a new Secured Personal Loan, are approved and BankSA loan contract accepted by 30 September 2024. Cashback will be transferred to the loan applicants existing BankSA transaction account by 27 November 2024. This offer is not available in conjunction with or in addition to any other special offers, negotiated rates or discounts. This offer may be varied or withdrawn at any time.
Unless otherwise specified, the products and services described on this website are available only in Australia from BankSA - A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.