8.0/10

Based on 2255 Great Southern Bank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

Great Southern Bank car loans

Great Southern Bank is a customer owned institution with several loan types on offer to
suit a range of car purchases. Whether your next big ticket buy is a shiny new vehicle or an older car that does the job, read further down the page for a closer look at Great Southern Bank car loans.

Great Southern Bank offers the following car loans

Rates and fees verified as correct at 22 June 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Interest rate from Comparison rate from Upfront fee
Green Car Loan (Fixed)

5.99% p.a.to 14.29% p.a.

6.44% p.a.to 14.78% p.a.based on $30,000
over 5 years

$325.00

Secured Car Loan (Fixed)

6.49% p.a.to 15.04% p.a.

6.95% p.a.to 15.54% p.a.based on $30,000
over 5 years

$325.00

Unsecured Personal Loan (Fixed)

7.99% p.a.to 19.99% p.a.

8.31% p.a.to 20.35% p.a.based on $30,000
over 5 years

$225.00

Great Southern Bank car loan FAQs

What’s the benefit of a fixed interest rate?

You may have noticed in the table above that Great Southern Bank offers three car loan types with different fixed rates. With rates like these, you benefit through the peace of mind they give you during your loan term. Unlike variable rates, fixed rates cannot change, so from the moment you take out your loan, you’ll know how much money in interest will go to Great Southern Bank.

Should I secure my car to a Great Southern Bank loan?

The only way to take full advantage of Great Southern Bank's competitive rates is by securing your vehicle to one of its car loans. If you want to buy a set of wheels over the security age limit of more than seven years, you’ll need to select an unsecured loan instead with a higher rate.

What can the price of my car be?

With Great Southern Bank car loans, there’s no minimum loan amount requirement, but the maximum is $100k. As the comparison tables detail above, your car’s price tag will influence what rate you are charged at.

What would a Great Southern Bank car loan repayment look like?

Say you borrowed $25k from Great Southern Bank to buy a 1 year old car. Based on the comparison rate at the time of writing, over a 5 year term your repayments would be $235. To work out what Great Southern Bank car loan repayments could look like for your situation, try this nifty car loan repayments calculator.

How often would I make repayments on a Great Southern Bank car loan?

With Great Southern Bank car loans, you can choose between weekly, fortnightly and monthly loan repayment dates. This makes it easier on you if you’re keen on aligning repayment dates with pay day.

What do Great Southern Bank loan terms look like?

They can range from 1 to 7 years. Choose a loan term that reflects what you can comfortably afford to pay on each repayment date.

Can I make more loan repayments?

Yes you can, but there’s no going back once it’s done. You can’t dip into extra repayments through a redraw facility.

What if I want to repay the loan early?

Even though Great Southern Bank car loans have fixed rates, which generally involve break fees, you won’t be penalised in fees at all for clearing that debt early.

So...Great Southern Bank doesn’t have a redraw facility?

That’s right, it doesn’t. Some people like to have that kind of flexibility and use it as a means of paying less interest while being able to draw upon the extra funds when needed. If this sounds like you, check out the range of loans we compare at Mozo.

Can I purchase a used car with a Great Southern Bank loan?

You certainly can, but the age of the car can have interest rate consequences. For instance, if your car is more than 2 years old, your interest rate will be slightly higher than if it was younger. If you want to buy a set of wheels that has been on the road longer than 7 years, you won’t be eligible for a Great Southern Bank car loan. You could try looking into an unsecured loan instead offered by Great Southern Bank, or compare similar products at our car loan hub.

What is the consequence of making a repayment late?

It’s always best to avoid making car loan repayments after they’re due, as you can be charged in fees for doing so. Your credit rating is important too, so try your best to protect it by not falling behind on repayments.

How do I apply?

There’s really nothing to it. Just locate the comparison tables where you first started reading and click on a blue “go to site” icon beside the loan product of your choice. It will redirect you to Great Southern Bank's online application form and you can apply away!

For a smooth signup process, ensure you have:

  • Proof of ID ready to supply
  • Details of employment and your yearly salary
  • A list of your assets and liabilities

If applying in person is what you’d prefer, head to a local Great Southern Bank branch. Alternatively, give Great Southern Bank’s customer service line a ring to apply verbally. Once it’s all done, Great Southern Bank will notify you on the loan outcome as soon as possible. Generally loan approvals can take a few hours up to several business days.

How are Great Southern Bank car loans rated?

Mozo users have rated Great Southern Bank car loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of car-loans
Great Southern Bank car loans customer reviews
Overall
8.7/10
Price
8.3/10
Features
7.3/10
Customer service
8.7/10
Convenience
8.3/10
Trust
8.5/10
Based on 46 Great Southern Bank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent Great Southern Bank car loan reviews

Great Southern Bank Secured Car Loan (Fixed)
Overall 1/10
Misleading bait advertising… Appalling service

Please the positive reviews are all quite some time ago before their current deceptive interest rates. The 5.49% rate advertised is rarely given even with an excellent credit report within the required score range. The staff at Great Southern Bank have been consistently arrogant and rude and refuse to connect you to a manager for assistance and hang up on you rather than assist! We are current customers with them and always hope each phone call results in great and helpful service , but as is ALWAYS the case the service is beyond appalling. BEWARE it has been our long term experience many many times that they are helpful until you are tied into a contract then the after sales service is beyond appalling!! I can’t emphasise enough to all the young people working hard to get ahead to stay away from this bank! BEWARE of their deceptive advertising and check other financial institutions for better deals and honesty and SERVICE!

Read full review

Please the positive reviews are all quite some time ago before their current deceptive interest rates. The 5.49% rate advertised is rarely given even with an excellent credit report within the required score range. The staff at Great Southern Bank have been consistently arrogant and rude and refuse to connect you to a manager for assistance and hang up on you rather than assist! We are current customers with them and always hope each phone call results in great and helpful service , but as is ALWAYS the case the service is beyond appalling. BEWARE it has been our long term experience many many times that they are helpful until you are tied into a contract then the after sales service is beyond appalling!! I can’t emphasise enough to all the young people working hard to get ahead to stay away from this bank! BEWARE of their deceptive advertising and check other financial institutions for better deals and honesty and SERVICE!

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Maree, Queensland, reviewed over 1 year ago
Great Southern Bank Secured Car Loan (Fixed)
Overall 9/10
Very low interest rates, outstanding communication

Pros: -Clear communication via email and phone -Clear costs listed, no hidden costs or balloon payments -Extra repayments can be made in advance -Low interest rates, lower than car dealers and most other banks Cons: -No choice of car insurance company, must go with CUA's partner Allianz -Automatically on the 7 year loan option, with no communication to choose the amount of years

Read full review

Pros: -Clear communication via email and phone -Clear costs listed, no hidden costs or balloon payments -Extra repayments can be made in advance -Low interest rates, lower than car dealers and most other banks Cons: -No choice of car insurance company, must go with CUA's partner Allianz -Automatically on the 7 year loan option, with no communication to choose the amount of years

Price
10/10
Features
6/10
Customer service
8/10
Convenience
9/10
Trust
8/10
Less
Daniel, Victoria, reviewed over 3 years ago
Great Southern Bank Car Loan
Overall 10/10
Best bank ever!

I have been with CUA for quite a few years. They provide the best service for bank related affairs and most importantly, loans. They helped me buy my first house and their customer service is great. I will never leave CUA, it is the best bank ever.

Read full review

I have been with CUA for quite a few years. They provide the best service for bank related affairs and most importantly, loans. They helped me buy my first house and their customer service is great. I will never leave CUA, it is the best bank ever.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Jollisob, Victoria, reviewed almost 4 years ago
Great Southern Bank Secured Car Loan (Fixed)
Overall 10/10
Perfect.

Totally happy.

Read full review

Totally happy.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Thomas, Queensland, reviewed over 4 years ago
See all car loan reviews
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.
Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

Car loan quick links