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 Hybrid and Electric Car Loan

Benefits

  • Flexible repayment options
  • Can apply online
  • Can apply in branch
  • Green loan
  • 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 Hybrid and Electric 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

Loan for purchase of an eligible electric or hybrid vehicle

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Comparison Rate*

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Car Loan

Real Time Rating™
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  • New or used car
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Interest Rate

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Comparison Rate*

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Car Loan (Car > 5 Years)

Real Time Rating™
  • $3k to $50k
  • 1 to 5 years
  • Variable Rate
  • Secured
Interest Rate

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Comparison Rate*

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