Why choose a Car Loan?
Offer your new or existing car as security and borrow up to $80,000 at a lower interest rate
Car Loan interest rates
1-5 years flexible loan term
8.49% p.a. fixed interest rate
9.60% p.a. comparison rate^
Set repayments for simpler budgeting
1-7 years flexible loan term
12.74% p.a. variable interest rate
13.81% p.a. comparison rate^
Pay your loan off earlier with fewer fees
Is your car eligible as security?
The car you offer as security for the loan must be:
You also get…
Preferred repayment frequency
Choose to make weekly, fortnightly or monthly repayments.
Redraw facility on variable rate loans
Redraw a minimum of $500 from your loan amount if you need to, provided you’re at least $500 ahead on your repayments. Each request is subject to approval and a fee.
Internet banking access
Manage your loan and track repayments online or through your mobile banking app.
$195 Establishment fee (added to your loan amount). Excludes all government charges such as stamp duty, search fees, fees to register security interest with the Personal Property Securities Register
$12 Monthly administration fee
$10 Per redraw on variable loans
$9 When a direct debit order for payment from another institution is dishonoured
$150 Early repayment fee if you fully repay the loan within the first 12 months (you will also have to pay break costs on early repayment of a fixed rate loan)
$100 Early repayment fee if you fully repay the loan after the first 12 months and before the end of the loan term (you will also have to pay break costs on early repayment of a fixed rate loan)
How to apply for a loan
Credit criteria, fees, charges, terms and conditions apply.
The advice on our website is prepared without knowing your personal objectives, financial situation or needs. Before you act on this or any advice, please consider if it's right for you. Read the above product disclosure documents as well as the before making a decision and consider whether the product is appropriate for you. If you need help, call 13 13 76.
The interest rate may vary based on the value of the car you offer as security.
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:
- with the minimum interest rate of 8.49% p.a. (comparison rate 9.60% p.a.), the estimated total amount payable including fees is $37,881; and
- with the maximum interest rate of 12.74% p.a. (comparison rate 13.81% p.a.), the estimated total amount payable including fees is $41,701.
^ Comparison rates help you understand the true cost of a loan. The comparison rate is based on a Secured Personal Loan with a loan amount of $30,000 and a term of 5 years. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.