Fixed Car Loan
Personal LoansData Sharing Status
A range of car loans for electric vehicles (Evs) and used cars.
- From
- 6.29%
- 6.29% comparison
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
| 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 yearsIndividuals (natural persons) must have the legal capacity to enter into the loan contract, provide acceptable identification documentation and be 18 years or older.
- Individuals onlyIndividuals 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 — AUAustralian 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 — $1,000.00Minimum loan amount $1,000
More Information
Published by Bank Australia under the Consumer Data Right · Last updated 23 June 2026 · Product ID 06f63461-e1c8-469d-98b6-94356882b04c · View on CDR.gov.au · View Source Data (JSON)