BankSA Car Loans Comparison

Information verified correct on October 28th, 2016

Get into a new car and enjoy a competitive interest rate when you secure finance with BankSA.

If you're looking at financing a new or used car, then you may want to consider a car loan from BankSA. As the largest financial institution in South Australia, it offers competitive options for securing credit for a car purchase.

It has secured and unsecured personal loans, either of which can be used to finance the purchase of a vehicle. A secured personal loan allows you to put your car up as security in case you can't make your repayments. As this is less of a risk to the lender, the interest on these type of loans tend to be cheaper. If you don't want to risk your car, you can opt for an unsecured personal loan.

BankSA has competitive products for secured and unsecured personal loans, so compare your options to find the best loan for you.

BankSA Fixed Rate Car Loan

BankSA Car Loan Offer

Get a competitive fixed rate car loan from multi award winning BankSA

  • Interest Rate From: 8.49% p.a.
  • Comparison Rate: 9.39% p.a.
  • Interest Rate Type: Fixed
  • Application Fee: $195
  • Minimum Loan Term: 1 year
  • Maximum Loan Term: 5 year
  • Minimum Loan Amount: $3,000
  • Maximum Loan Amount: $80,000

Compare BankSA Car Loans

Rates last updated October 28th, 2016
Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Repayment
BankSA Fixed Rate Car Loan
Apply for a fixed rate car loan from multi-award winning BankSA.
From 8.49% (fixed) 9.39% $3,000 1 to 5 years $195 Go to site More
BankSA Unsecured Personal Loan
BankSA allows you to borrow up to $40,000 with your choice of a fixed or variable rate.
From 14.74% (variable) 15.61% $3,000 1 to 7 years $195 Go to site More
  • Unsecured Personal Loan. As this loan is unsecured you have more flexibility with the car you purchase. BankSA offers you a choice between a fixed or variable rate, with fixed interest rates starting from 14.35% p.a.. You can apply for a loan of between $3,000 and $40,000. If you opt for a variable rate you can make extra repayments and access a redraw facility and a fixed rate will keep your repayments the same throughout the life of the loan.
  • Secured Personal Loan. You can finance a new or used vehicle for this loan, with a lower rate available if the car is eligible for security. As with the unsecured loan, you can select a fixed or variable interest rate, with the fixed rate starting from a competitive 8.49% p.a.. You can borrow between 1 and 7 and if you opt for the variable rate loan you can make additional repayments and then access them through a redraw facility.

Is your car eligible to use as security?

If you opt for the Secured Personal Loan you can secure a lower rate by attaching your vehicle as a guarantee. A vehicle can be eligible if it is:

  • New or used
  • Less than 12 years old at the time the loan expires
  • Registered under the applicant's name
  • Registered in joint names if you're applying as a joint personal loan

How you can apply with BankSA

If you're interested in applying for a car loan from BankSA you can click "Go to Site" on your chosen loan above. You'll need to meet the following criteria to apply:

  • You're over the age of 18
  • You're an Australian citizen or permanent resident of Australia

If you meet this criteria you can start your application. Make sure you have the following details on hand to complete the online application in full:

  • Your current employer's name and contact information
  • If you're self-employed, your recent tax information
  • Your weekly after-tax income and current expenses
  • Details regarding your assets, savings and investments
  • Amounts owed on your credit cards and store accounts
  • One personal reference including their contact details

BankSA offers some convenient ways to finance a new or used car purchase, but ensure you compare your options before you apply.

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