---
title: "Fixed Car Loan — Bank Australia"
description: "Personal Loans from Bank Australia. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/bank-australia/products/06f63461-e1c8-469d-98b6-94356882b04c
source: "CDR Compare"
language: en-AU
last_updated: 2026-06-23T04:17:23.273Z
---

# Fixed Car Loan — Bank Australia

> Personal Loans from Bank Australia. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Personal Loans**

A range of car loans for electric vehicles (Evs) and used cars.

## At a glance

- **From:** 6.29% (6.29% comparison)

## Apply

Applications are handled by the provider: [Apply at Bank Australia](https://apply.bankaust.com.au/cip/bankaustralia/p/bankaustralia/consumercredit/application.html)

## Interest rates

| Type | Rate | Comparison | Applies to |
| --- | --- | --- | --- |
| Fixed · 7 years (Applicable to new or used electric vehicles) | 6.29% | 6.29% | — |
| Fixed · 7 years (Applicable to used combustion engine vehicles) | 7.29% | 7.5% | — |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| Establishment Fee - Personal Loan — Discount −$150.00 — Personal Loan Establishment Fee waiver (eligibility: Other: The establishment fee is waived if the vehicle is fully electric. ) | Upfront | $150.00 |
| Late Payment Fee | Late payment | $0.00 |
| Early Repayment Fee | Event | $0.00 |
| Monthly fee — Charged monthly · There is no monthly fee | Ongoing | $0.00 |

## Features

- **Digital banking** (You can self-serve your day-to-day banking needs via Bank Australia's App or Internet Banking.)
- **Extra repayments** (Additional repayments are available)
- **Flexible Repayments: Make your loan repayments weekly, fortnightly or monthly**
- **Redraw facility** (Redraw Is not available on car loans)

## Eligibility

- **Minimum age** — 18 years (Individuals (natural persons) must have the legal capacity to enter into the loan contract, provide acceptable identification documentation and be 18 years or older.)
- **Individuals only** (Individuals only: Not available for non-personal borrowers.)
- **Applications for loans are subject to the Bank's lending criteria.**
- **Maximum age of 7 years new Vehicle and 5 years for used vehicle**
- **The vehicle must be road registered**
- **The vehicle is required as security for the loan, and security interest noted on the Personal Property Securities Register (PPSR)**
- **Maximum LVR of 100%**
- **Residency status** — AU (Australian citizen or permanent resident of Australia)
- **Lending for new vehicles (including ex-demonstrators with fewer than 1,000 km) is limited to Electric Vehicles (EVs).  An EV is defined as a vehicle without an internal combustion engine (ICE).**

## Constraints

- **Minimum limit** — $1,000.00 (Minimum loan amount $1,000)

## More information from Bank Australia

- [Overview](https://www.bankaust.com.au/banking/car-loans/car-loan)
- [Terms & conditions](https://www.bankaust.com.au/support/disclosures)
- [Fees & pricing](https://www.bankaust.com.au/banking/car-loans)

## Data provenance

- Published by Bank Australia under the Consumer Data Right
- Product ID: `06f63461-e1c8-469d-98b6-94356882b04c`
- Last updated by the provider: 23 June 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/bank-australia/06f63461-e1c8-469d-98b6-94356882b04c
- Provider page: https://www.cdrcompare.au/brands/bank-australia
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000150

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/bank-australia/products/06f63461-e1c8-469d-98b6-94356882b04c) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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