BankSA Car Loans Comparison

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

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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.

Compare BankSA Car Loans

Updated September 16th, 2019
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
From 12.99% (variable)
14.06%
$2,000
1 to 7 years
$0 ($195 establishment fee waived)
$12
You'll receive a variable rate between 12.99% p.a. and 18.9% p.a. based on your risk profile
An unsecured loan up to $40,000 with flexible features such as a redraw facility and early repayment. Note: Establishment fee will be waived if you apply and are approved before 30 September 2019.
From 8.49% (fixed)
9.6%
$3,000
1 to 5 years
$195
$12
You can choose a fixed or variable interest rate
A secured loan with a low minimum borrowing amount of $3,000 that lets you also purchase items other than the vehicle.
From 12.99% (fixed)
14.06%
$2,000
1 to 5 years
$0 ($195 establishment fee waived)
$12
You'll receive a fixed rate between 12.99% and 18.9% based on your risk profile
A low minimum borrowing amount of $2,000 on a loan you can use for a range of purposes. Note: Establishment fee will be waived if you apply and are approved before 30 September 2019.
From 17% (variable)
$5,000
$150
$12
Receive a variable rate of 17%
A reusable source of credit with a high limit up to $50,000. Only pay for what you use.

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 $2,000 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 yearand 7 years 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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Car Loan Offers

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

You'll receive a fixed rate of 5.49% 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 Latitude New and Used Car Loan
Latitude New and Used Car Loan

You'll receive a fixed rate of 6.99% p.a.
Apply for a loan from $5,000 to finance a new or used car. Flexible repayments and options to finance a classic car.

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 5.69% 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 5.69% 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. Note: Product only available to residents of Victoria.

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