With competitive fixed rates from 6.49% p.a. to 12.99% p.a. (7.69% p.a. to 14.14% p.a. comparison rate*) on amounts from $10,000 to $100,000 and 1 to 7 year loan terms, plus, the ability to make extra loan repayments and a choice of either weekly, fortnightly or monthly repayments, whether you are borrowing money for a new car or a used car, be sure to check out the Westpac Car Loan.
Westpac also offers an electric or hybrid car loan with fixed interest rates starting at 6.49% p.a. (7.69% p.a. comparison rate*).
The Westpac Car Loan hits the ground running with competitive fixed rates from 6.49% p.a. to 12.99% p.a. (7.69% p.a. to 14.14% p.a. comparison rate*) on loans from $10,000 to $100,000. Loan terms range from 1 to 7 years and you'll have the ability to make extra repayments so you can pay it off faster.
And while you can make extra loan repayments at any time, keep in mind, this loan doesn't offer a redraw facility, so you won't be able to dip into those extra repayments should you ever need access to extra cash.
Westpac also offers three convenient options for you to apply for the loan including online, in person at a branch or over the phone.
The Westpac Car Loan comes with a few fees that you'll need to budget for, including a $250 application fee, $12 monthly loan account fee and $15 late payment fee.
Also, if you're buying a used car, keep in mind that the minimum loan amount for this loan is $10,000. On the plus side, the maximum loan amount on this loan is a generous $100,000, so if you've been eyeing off a flashy new Porsche, then this could potentially be a good loan option for you.
With competitive fixed rates, plus a choice of either weekly, fortnightly or monthly flexible repayment option to suit your budget and lifestyle, the Westpac Car Loan could be a great option for many Aussies who are looking to purchase either a new or secondhand vehicle and are over the age of 18 and earning a regular income.
Just remember to weigh up some of the fees attached to the loan against the rate.
Fixed |
|
6.49% p.a.to 12.99% p.a. fixed |
|
7.69% p.a.to 14.14% p.a.based on $30,000 |
$250.00 |
|
$12.00 |
|
$15.00 |
|
$0.00 |
|
$0 |
$10,000.00 |
|
$100,000.00 |
|
1 Year |
|
7 Years |
|
Vehicle |
- |
|
Weekly, Fortnightly, Monthly |
|
yes |
|
no |
|
Eligibility conditions include a regular permanent income of at least $35,000 p.a.. $175 prepayment fee if you choose a term >2 years and pay it out in less than 2 years. |
|
none |
WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. 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.
Absolute worst service I have ever come across with a bank. Total incompetence of the most worrying kind for any customer with this bank. Communication rating -10 with -10 being the worst score.
Read full reviewAbsolute worst service I have ever come across with a bank. Total incompetence of the most worrying kind for any customer with this bank. Communication rating -10 with -10 being the worst score.
I like this bank best they are simple easy to use and explain everything so well to you.
Read full reviewI like this bank best they are simple easy to use and explain everything so well to you.
It's okay for a car loan. I think I could have got a bettter interest rate than I did
Read full reviewIt's okay for a car loan. I think I could have got a bettter interest rate than I did
Didn't give me the time of day.
Read full reviewDidn't give me the time of day.
Westpac have been very helpful with financial assistance while being off work.
Read full reviewWestpac have been very helpful with financial assistance while being off work.
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Low Rate Personal Loan
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Express Personal Loan
14.95% p.a.to 27.95% p.a.
29.30% p.a.to 42.8% p.a.based on $10,000
over 3 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years
Debt Consolidation
6.57% p.a.to 18.99% p.a.
7.19% p.a.to 19.39% p.a.based on $30,000
over 5 years
Express Personal Loan
14.95% p.a.to 27.95% p.a.
29.30% p.a.to 42.8% p.a.based on $10,000
over 3 years
Clean Green Car Loan
7.29% p.a.
8.41% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years
Low Rate Personal Loan
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Express Personal Loan
14.95% p.a.to 27.95% p.a.
29.30% p.a.to 42.8% p.a.based on $10,000
over 3 years
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Low Rate Personal Loan
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years