based on 261 Auswide Bank banking product reviews as rated by Mozo community

Auswide Bank car loans

Over 50 years ago, Auswide Bank was a tiny building society in Queensland called Wide Bay Australia. Now with over $3 billion in assets, this growing bank offers an extensive range of financial products to everyday Aussies, including car loans. If you need a new ride, Auswide Bank could help you out, all while charging you at a competitively low interest rate too! Auswide Bank is a winner in the 2022 Mozo Experts Choice Awards. Read on for all the details.

Auswide Bank offers the following car loans

Rates and fees verified as correct at 28 June 2022. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate from Comparison rate from Upfront fee
Car Loan (Fixed)

4.49% p.a.

6.31% p.a.based on $30,000
over 5 years


Unsecured Personal Loan (Fixed)

9.90% p.a.

11.68% p.a.based on $30,000
over 5 years


Auswide Bank car loan FAQs

Should I choose a fixed or variable interest rate?

If you’re on a budget then going for a fixed rate loan will be a good option as your rate  is locked in for the life of the loan. Whereas variable rates can increase or decrease over the course of the term, changing how much you get charged in interest, which means you’ll benefit if rates go down but will need to budget for any potential rate rises down the track. Pick one you feel most comfortable with, after deciding whether you can afford a negative rate change.

What’s the benefit of opting for the secured car loan?

The best part about taking out a secured car loan is that it’s much cheaper than an unsecured one, as you end up paying less in interest. Tying a vehicle to your loan as security will give Auswide Bank permission to possess you car if you cannot repay your debt, so if you don’t like the sound of that, choose an unsecured loan instead.

How much can I borrow?

We don’t know your credit history, which accounts for how you’ve previously dealt with money lent by financial institutions, but Auswide Bank will factor it in when you apply. Consider the loan limits and minimums too, as secured loans can range from $5k to $75k, while unsecured loans start at $3k to $50k.

How frequently will I need to make repayments?

You’ll only have the opportunity to make loan repayments monthly.

How long can I take to pay off my loan?

It depends on the loan. If you secure a new car under 18 months old, the loan term can range from 1 - 7 years. On the other hand, unsecured and secured loans taken out for older vehicles will vary from 1 - 5 years.

How old can my car be?

Some lenders have tough age limits on how old your car must be in order to qualify for security. With Auswide Bank, you have a little more wiggle room, and can select a car up to 10 years old! Of course, if you opt for an unsecured loan, there are no restrictions on what you buy.

What’s the application process like?

Simply pop into a branch, start your application over the phone or online. It won’t take long, but you will need to gather some info about yourself first, such as:

  • Proof of ID- think driver’s licence or passport
  • Employment details in the form of your last payslip
  • Place of residence
  • A list of your assets and liabilities

After Auswide Bank has reviewed the submission, they’ll let you know how it all went. The turnaround will take around two business days. Good luck and enjoy!

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Auswide Bank car loans

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