Important disclosure

Westpac Banking Corporation Ltd

Car Loan

Real Time Rating™

  • $10k to $100k
  • 1 to 7 years
  • New or used car
  • Fixed Rate
Interest Rate

From

5.99%

p.a

up to 12.99%

Comparison Rate*

From

7.20%

p.a

Real Time Rating™
Tags
  • $10k to $100k
  • 1 to 7 years
  • New or used car
  • Fixed Rate
Interest Rate

From

5.99%

p.a

up to 12.99%

Comparison Rate*

From

7.20%

p.a

Calculate your repayments for this loan

$

Your estimated repayment

$580

based on $30,000 loan amount for 5 years at 5.99%

Pros and cons

For Car Loan

Benefits

  • Flexible repayment options
  • Can apply online
  • Can apply in branch
  • Suitable for both new or used car
  • Approval is instant

Drawbacks

  • Service fee charged
  • Higher than average application fee

Westpac Rate Car loan overview

For Car Loan

Details

Total repayments

Interest rate type

Fixed

Borrowing range

$10k - $100k

Security type

Secured

Loan term

1 to 7 years

Secured by

Vehicle

Loan type

Is Fully Drawn Advance

Repayment frequency

Weekly, Fortnightly, Monthly

Age of car

up to 7 years

Target Market Determination

Visit Westpac Banking Corporation Ltd to view Target Market Determination.

Features

Extra repayments

Yes

Redraw facility

Instant approval

Time to funding

N/A

Fees

Upfront Fee

$250

Ongoing Fee

$12 Monthly

Missed Payment Penalty

$15

Early Exit Penalty Fee

$175 during first 2 years

Permitted Loan Purposes

New Car

Used Car

Motorcycle

Boat

Other Restrictions

Conditions, fees and charges apply

Promoted car loans

Promoted

Lower Rate

New Car Loan

  • Via broker
  • $10k to $250k
  • 1 to 7 years
  • Fixed Rate
Interest Rate

From

6.52%

p.a

up to 18%

Comparison Rate*

From

6.95%

p.a

Promoted

Secured

Used Vehicle Fast Loan Low Rate

Real Time Rating™
  • From $5k
  • 1 to 7 years
  • Fixed Rate
  • Secured
Interest Rate

From

8.49%

p.a

up to 10.19%

Comparison Rate*

From

9.21%

p.a

Promoted

Generic

New Car Loan

Real Time Rating™
  • $2k to $75k
  • 1 to 7 years
  • Fixed Rate
  • Secured
Interest Rate

6.57%

p.a

Comparison Rate*

7.19%

p.a