Personal Car Loan
For most of us, buying a car is the second biggest purchase we’ll make. So why pay the full cost upfront? Our Personal Car Loan provides flexible payment options, so you can get into the driver’s seat of the car you want sooner!
Fees
| Fee | Type | Amount |
|---|---|---|
| Account Administration Fee Charged monthly · A monthly fee for the management of your loan account. | Ongoing | $8.00 |
| Account Payment Card Fee This fee applies for replacement; supplementary; or new payment cards when you switch from Direct Debit to another payment method after the loan start date. You can avoid this fee by setting up a Direct Debit on all your future repayments, so you don’t pay fees on your regular repayments. | Event | $5.00 |
| Early Termination Fee This fee applies if your loan is repaid before its scheduled end date. Customers can find information about this fee on their Loan Schedule. Customers can also request an Early Termination Quote to help them decide whether to terminate early. This fee can be avoided by continuing with scheduled loan repayments until the agreed completion date of the loan. | Exit | Variable |
| Establishment Fee The cost to set-up your approved loan is payable upon loan settlement and can be included within the amount financed. This is referred to in your contract as your Loan Account Establishment Fee. | Upfront | $395.00 |
| Information Request Fee This fee applies if you request contract documentation from PowerTorque Finance. You can avoid this fee by login into your PowerTorque Finance Account where you can view, download, and print your loan documentation online without incurring this fee. | Event | $25.00 |
| Late Payment Fee This fee applies if you’re late or miss a repayment, and your account goes into arrears. PowerTorque Finance will contact you about the overdue amount, and this is mentioned in your loan contract as an Arrears Follow-up Fee. |
Features
- Make weekly, fortnightly, or monthly payments – whatever works best for you.
- Tailor the length of your car loan to suit you
- Extra repayments
- With our loan flexibility, you can choose to reduce your principal faster (subject to early termination fee).
- A balloon is a final lump sum payment at the end of your car loan which may reduce your repayments over the life of your loan
- Digital banking
Eligibility
- Minimum age — 18 years
Constraints
- Minimum limit — $5,000.00
- Minimum loan term 12 months
- Maximum loan term 84 months
More Information
Published by PowerTorque Finance under the Consumer Data Right · Last updated 7 July 2026 · Product ID 10