Interest rate from
6.49% p.a.
Comparison rate from
7.69% p.a.based on $30,000
over 5 years
Upfront fee

Mozo editorial review Westpac Car Loan - last updated: 26 November 2021

binocular icon
What's hot
  • Fixed 6.49% interest rate (7.68% comparison rate*)
  • Extra repayments allowed
  • Flexible repayment options
What's not
  • $250 application fee, $12 monthly loan account fee & $15 late payment fee
Mozo snapshot

With competitive fixed rates starting from fixed rates starting from 6.49% p.a. (7.68% 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.

key icon
Key features

The Westpac Car Loan hits the ground running with competitive fixed rates from 6.49% p.a. (7.68% 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.

Who is it good for

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.

question icon
Any catches

Just remember to weigh up some of the fees attached to the loan against the rate.


Rates and fees information correct as at 2 July 2022. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.


6.49% p.a. fixed

7.69% p.a.based on $30,000
over 5 years







Other financial bits



1 Year

7 Years



Weekly, Fortnightly, Monthly



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.


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.

Customer Reviews

How are Westpac personal loans rated by the Mozo community?

Customer service

Latest reviews of Westpac Car Loan Personal Loan

About Westpac