BankSA Car Loans Comparison

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 Car Loan Offer

BankSA Fixed Rate Car Loan

from

8.49 % p.a.

fixed rate

from

9.60 % p.a.

comparison rate

  • Low ongoing fees
  • Borrow up to $80,000
  • Fixed or variable rates
Security Logo

100% confidential application

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: 9.60% p.a.
  • Interest rate type: Fixed
  • Application fee: $195
  • Minimum loan amount: $3,000
  • Maximum loan amount: $80,000
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Compare BankSA Car Loans

Rates last updated January 18th, 2018
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Monthly Service Fee Application Fee Product Description Monthly Repayment
BankSA Fixed Rate Car Loan
From 8.49% (fixed)
9.6%
$3,000
1 to 5 years
$12
$195
Apply for a fixed rate car loan from multi-award winning BankSA.
BankSA Unsecured Variable Rate Personal Loan
From 12.99% (variable)
14.06%
$3,000
1 to 7 years
$12
$0 (On new loan applications before 28th February 2018.)
BankSA allows you to borrow up to $40,000 with your choice of a fixed or variable rate. Apply before 28 Feb 2018 for a $0 application fee. Conditions apply.
BankSA Get Set Loan
From 17% (variable)
$5,000
$12
$150
The BankSA Get Set Loan is a line of credit offering flexible payment options.

Compare up to 4 providers

  • 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 12.99% 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 year(s) and 7 year(s) 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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