Green Company

Bank Australia Car Loan

Help save the earth while saving money with a low interest car loan that offsets your car's carbon emissions.

On top of a competitive interest rate, Bank Australia lets you use your car loan to do something good for the environment.

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$150

Application Fee

6.45% (fixed)

Interest Rate (p.a.)

6.66%

Comparison Rate (p.a.)

$100,000

Max Loan Amount

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Details

Product NameBank Australia Car Loan
Interest Rate (p.a.)6.45% (fixed)
Comparison Rate (p.a.)6.66%
Interest Rate TypeFixed
Min Loan Amount$1,000
Max Loan Amount$100,000

Factors to consider before taking out the Bank Australia Car Loan

With the Bank Australia Car Loan, you can finance a new or used vehicle up to seven years old at a fixed interest rate of 6.45% p.a. The loan comes with a one-time establishment fee of $150 but no annual fees. You can make extra repayments whenever you like and car and loan protection insurances can also be arranged.

Features of the Bank Australia Car Loan

  • Discounted interest rate for green vehicles. The current fixed interest rate is 6.45% p.a. with a comparison rate of 6.66% p.a., but you will receive a 1% rate discount if you use a low emission vehicle.
  • No establishment fee for safe and green vehicles. If your vehicle has a 5-star ANCAP safety rating or a 7+ star greenhouse safety rating you will not pay the $150 establishment fee.
  • Your vehicle's greenhouse gas emissions will be offset. For the duration of the loan, the greenhouse gas emissions produced by your vehicle will be offset by Bank Australia.
  • Loan term. The loan term is flexible. Up to 7 years for a new car purchase and five years for a used car.
  • Loan amount. There are no stipulated loan limits as each loan application is individually assessed.
  • Repayment options. You can make extra repayments at no additional cost and save on interest payments when you repay your loan sooner than the contracted term.

Fees and charges to consider

An establishment fee of $150 applies, but this fee is waived for vehicles that meet a 5-star ANCAP rating and/or a 7+ greenhouse rating.

How to apply for the Bank Australia Car Loan

To apply for a Bank Australia Car Loan, click on the green “Go to Site” button on this page. Then, simply fill out the bank’s online application form to be considered for your loan. Before you do so, make sure you fulfil these requirements:

  • Age. You must be at least 18 years of age.
  • Residency. You must be an Australian citizen or permanent resident.
  • Income. You must have a regular income.
  • Financial standing. You must have no history of bankruptcy.

You will also be required to provide the following:

  • Identification. This includes details of your passport or driver’s licence or your Medicare card.
  • Personal information. This includes personal details such as your date of birth and residential history.
  • Financial information. This includes details pertaining to your assets, existing loans and monthly expenses.
  • Employment. This includes details of your current job and income.

With competitive rates and fees, the Bank Australia Car Loan promises to benefit both your pocket and the earth. To ensure this is the right loan for you, make sure you compare all your car loan options before applying.

Compare car loan providers

$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
loans.com.au - New and Dealer Used Car Loan
3.99% (fixed)
4.53%
$5,000
3 to 5 years
$400
$0
You'll receive a fixed rate from 3.99% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment. Settle the loan before 30 November 2021 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
Plenti Car Loan
From 4.89% (fixed)
5.44%
$10,001
3 to 7 years
from $249 to $799
$0
You'll receive a fixed rate from 4.89% p.a.
Borrow up to $100,000 with a Plenti Car Loan and benefit from no early repayment or exit fees.
Credit Concierge Car Loan
From 2.99% (fixed)
4.07%
$10,000
1 to 7 years
$350
$8.50
You'll receive a fixed rate of 2.99% p.a. with a comparison rate of 4.07% p.a.
Get access to over 20 providers to fund a new or used car.
Wisr Secured Car Loan
From 4.74% (fixed)
5.01%
$5,000
3 to 7 years
$195 for refinance and dealer sale ($245 for private sale)
$0
You'll receive a personalised interest rate from 4.74% p.a. to 16.01% p.a. based on your risk profile
A flexible car loan from $5,000 - $63,000 with personalised rates and rewards for strong credit customers.

⭐Special Offer: Wisr's standard establishment fee $605 will be reduced to $195 for applications submitted through Finder. T&Cs apply.
OurMoneyMarket Car Loan
From 5.35% (fixed)
5.65%
$2,001
1 to 7 years
$250
$0
You'll receive a fixed interest rate from 5.35% p.a. to 14.99% p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 7 years.
Stratton Finance New Car Loan
From 3.85% (fixed)
4.05%
$10,000
3 to 7 years
$700
$8.25
You'll receive a fixed rate from 3.85% p.a. depending on the lender you are approved with
Apply for up to $250,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
IMB New Car Loan
4.88% (fixed)
5.23%
$2,000
1 to 7 years
$275.12 ($250 Application fee + $25.12 PPSR fee)
$0
You'll receive a fixed rate of 4.88% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
NRMA New Car Loan
From 4.99% (fixed)
5.69%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 4.99% p.a.
Purchase a new or used car up to 3 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
NAB Personal Loan Unsecured Fixed
From 6.99% (fixed)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
Symple Loans Personal Loan
From 5.75% (variable)
6.47%
$5,000
1 to 7 years
from 0% to 5% of the loan amount
$10
You'll receive a personalised interest rate from 5.75% p.a. to 25.99% p.a. based on your risk profile
Borrow up to $50,000 to pay for what you need.
SocietyOne Car Loan
From 5.95% (fixed)
5.95%
$5,000
2 to 5 years
from $0 to $595
$0
You'll receive a fixed rate between 5.95% p.a. and 17.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
Alex Bank Car Loan
From 4.99% (fixed)
4.99%
$2,100
6 months to 5 years
Waived $295 establishment fee
$0
You'll receive a fixed rate between 4.99% p.a. and 19.99% p.a.
Borrow up to $30,000 for terms between 6 months and 5 years to finance a car. The one-off $295 establishment fee will be waived for loan applications submitted by 3 November 2021. T&Cs apply.
NRMA Used Car Loan
From 6.24% (fixed)
6.94%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 6.24% p.a.
Finance a used car with NRMA and benefit from a fixed rate term and no monthly fees. Pre-approval available within 5 business hours.
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Compare up to 4 providers

Car Loan Offers

Important Information*
Logo for IMB New Car Loan
IMB New Car Loan

You'll receive a fixed rate of 4.88% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.

Logo for Beyond Bank Low Rate Car Loan "Special Offer"
Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 4.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

Logo for RACV New Car Loans
RACV New Car Loans

You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.

Logo for NRMA New Car Loan
NRMA New Car Loan

You'll receive a fixed rate of 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.

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2 Comments

    Default Gravatar
    Thomas
    October 14, 2017

    I am looking at getting a personal loan for approx. $25000.
    Where do I start to commence?

      Avatarfinder Customer Care
      Judith
      October 14, 2017

      Hi Thomas,

      Thank you for contacting Finder.

      You can use our comparison table, with a list of personal loans, to help you find the right lender for you. You can enter the $25,000 next to the loan amount and select your preferred repayment term to see your projected monthly repayment.

      Please click the name of the lender or the “More info” link to be redirected to our review page and learn more about the lender’s loan offer, rates, and requirements as well as the pros and cons of using their loan service. When you are ready, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

      To improve your chances of getting approved for a loan, please ensure that you meet the eligibility criteria and requirements of the loan option or lender and make sure to read the details, as well as the relevant PDS/ T&Cs of the loan option before making a decision and consider whether the product or option is right for you.

      I hope this helps.

      Best regards,
      Judith

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