Car Loan
With an application response in 60-seconds.
- From
- 5.74%
- 7.16% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Fixed · 7 years The rate displayed is for the EV New Car product. For information on the full rate range, please visit the Car Loan product page, contact us on 132 032 or visit your nearest branch. | 5.74% | 7.16% | 12–84 months |
| Fixed · 7 years The rate displayed is the minimum rate for the New Car product. For information on the full rate range, please visit the Car Loan product page, contact us on 132 032 or visit your nearest branch. | 6.49% | 7.9% | 12–84 months |
| Fixed · 7 years The rate displayed is the minimum rate for the New Hybrid Car product. For information on the full rate range, please visit the Car Loan product page, contact us on 132 032 or visit your nearest branch. | 6.49% | 7.9% | 12–84 months |
| Fixed · 7 years The rate displayed is the maximum rate for the New Hybrid Car product. For information on the full rate range, please visit the Car Loan product page, contact us on 132 032 or visit your nearest branch. | 10.29% | 11.66% |
Fees
| Fee | Type | Amount |
|---|---|---|
| Loan Account Fee Charged monthly | Ongoing | $15.00 |
Lending Establishment Fee
| Upfront | $250.00 |
| Prepayment Fee Applies if you choose a term greater than 2 years and pay it out in less than 2 years. This fee is waived if you pay out your personal loan by refinancing to another Westpac personal loan | Exit | $175.00 |
| Missed Payment Fee | Late payment | $15.00 |
| Bank Cheque Fee | Event | $10.00 |
Features
- Get up to $130,000 - Choose how much you want to borrow, from $10,000 to $130,000. Then decide between weekly, fortnightly, or monthly repayments.. (conditions apply)
- Budget-friendly - You get a choice of 1-7 year loan terms to suit every budget. Your rate and repayments won't change for the full loan term.
- 5-minute quote - You'll get your personalised rate in minutes with no impact on your credit score. So, you can start planning your purchase sooner.
- Speedy funding - Once your loan?s approved, customers with an existing Westpac transaction account can access funds within an hour of contract acceptance.
- Get a personalised rate - We'll show you your Personal Loan personalised rate and repayment estimate based on your credit score and the loan details you give us. It only takes a few steps, and it won't affect your credit score.
- A preferential fixed rate is available for�eligible electric and hybrid cars
Eligibility
- Minimum age — 18 years
- Residency status — You're an Australian or New Zealand citizen or you have permanent residency in Australia and hold an acceptable visa
- You?re a non-resident or migrant and hold an acceptable visa with a minimum 1 year before expiry
- Receive a regular, verifiable Australian taxable income
- You have a fixed, verifiable residential address in Australia.
- Hold a current Australian driver's licence or learner's permit
Constraints
- Minimum limit — $10,000.00The minimum amount financed is $10,000
- Maximum limit — $130,000.00The maximum amount financed is $130,000
- Repayment terms for Car Loans, Electric Car Loans, and Hybrid Car Loans range up to a minimum of 1 year.
- Repayment terms for Car Loans, Electric Car Loans, and Hybrid Car Loans range up to a maximum of 7 years.
More Information
Published by Westpac under the Consumer Data Right · Last updated 6 July 2026 · Product ID PLCar · View on CDR.gov.au