In this guide

  • Review
  • Details
    • Product details
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own.

BankSA Secured Car Loan

BankSA Fixed Rate Car Loan

This product is not currently available via Finder. Visit the provider's website directly, or compare other options.

Compare other options
Application Fee
$195
Interest Rate (p.a.)
From 6.49% (fixed)
Comparison Rate (p.a.)
7.61%
Max Loan Amount
$100,000

Summary

Enjoy a lower minimum borrowing amount and your choice of interest rate type with BankSA.

The Car Loan from BankSA offers a wide range of loan amounts, between $3,000 and $100,000, making it suitable for a range of vehicle purchases. This Loan comes with fixed rate and certain features. Find out more about this loan to find out if it meets your needs in this review.

Pros

  • Fixed rate
  • Borrow up to $100,000
  • Weekly, fortnightly or monthly repayments options

Cons

  • $195 application fee applies
  • There is a monthly fee of $12

In this guide

  • Review
  • Details
    • Product details
  • Your reviews
  • Ask a question

Details

Product details

Product Name BankSA Fixed Rate Car Loan
Interest Rate (p.a.) 6.49% to 12.99%
Comp. Rate (p.a.) 7.61% to 14.06%
Interest Rate Type Fixed
Min Loan Amount $3,000
Max Loan Amount $100,000

Main points to consider with the BankSA Secured Car Loan

You can apply for between $3,000 and $100,000 to purchase a car with this loan. This loan comes with fixed rates.

Fixed rate loan you can choose loan terms up to 7 years loan. Fixed rates start from 6.49%, with a comparison rate of 6.13%.

You will not pay an establishment fee, but will need to pay a $12 administration fee, charged monthly. Early repayment charges will also apply.

Features of the BankSA Secured Car Loan

  • Loan amount. You can borrow anywhere between $3,000 and $100,000, giving you flexibility with the kind of car you choose to buy.
  • Fixed. Borrowers can choose a fixed rate from 6.49% p.a..
  • Loan terms. Loan term between 1 year and 7 years with the fixed rate loan.
  • Flexible repayment options. You can choose whether to make your repayments weekly, fortnightly or monthly.
  • Car insurance. You can also choose to sign up for car insurance with BankSA, with various options for cover and lots of ways to save.

Fees and charges

  • Establishment fee. This loans comes with Establishment fee of $195
  • Early repayment fee. You will pay $150 if you pay off your loan within the first 12 months. You will also pay $100 if you pay off the loan after the first 12 months but before the end of your loan term.
  • Documentation fee. If you require documents such as photocopies of the loan title or loan statement, or a copy of a personal cheque, you will be charged between $10 and $16 depending on the type of documents you request.
  • Administration fee. You will pay a monthly fee of $12.
  • PPSR fee. $6 PPSR fee (applies only if purchasing and securing against a vehicle).

Here's how you can apply

To get the application started, click "Go to Site" from this page. The eligibility for this loan is determined by certain financial and personal factors which you will need to provide in your application. These factors will also determine the amount of money you are able to borrow. To be able to apply for the BankSA Car Loan you will need to be over the age of 18 and a permanent Australian resident.

You will need to provide the following details in your application:

  • Your Australian driver's licence number
  • Details of your weekly income after tax for each applicant
  • Details of your assets, savings and investments
  • Your employer's details including name and contact number
  • Details of your income and if you are self-employed you will need to provide the previous year's tax statements
  • Details of repayment amounts and balances owing on any liabilities, including credit cards and store accounts, etc.

You don't have to be an existing customer to apply, although if you are an existing customer you can use your Internet banking account to speed up the application process. Other applicants should allow for between 10 and 15 minutes to complete the application and will usually receive a response immediately. You can keep track of the progress of your application by providing your email or phone number to BankSA to send you updates.

Compare car loan providers

{"visibility":"visibilityTable","ctaLabel":"Calculate","tableCode":"AUFCL_COMPARISON_V2_TABLE","nicheCode":"AUFCL","fields":[{"name":"LOAN_AMOUNT","value":"20000","options":"","label":"Loan amount","suffix":"$","useSuffixAsPrefix":true,"useDropDownOption":false,"tooltip":""},{"name":"PERIOD","value":"3","options":"","label":"Loan term","suffix":"years","useSuffixAsPrefix":true,"useDropDownOption":false,"tooltip":""}]}
Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
loans.com.au - New - Variable Rate Special
Variable3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
6.24%
to 7.74%
Comp. Rate (p.a.)
7.36%
to 8.85%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$630.83
Go to siteMore Info
OurMoneyMarket New Car Loan
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
min.
Monthly Fee
$0
Monthly Repayment
$622.82
Go to siteMore Info
Simplify New Car Loan
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.19%
to 18%
Comp. Rate (p.a.)
6.6%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$622.21
Go to siteMore Info
Credit Concierge New Car Loan
Fixed1 - 7 Years $10,000 - $100,000
Interest Rate (p.a.)
6.29%
to 16.45%
Comp. Rate (p.a.)
7.41%
to 17.91%
Application Fee
$553
Monthly Fee
$10
Monthly Repayment
$637.97
Go to siteMore Info
NRMA New Car Loan
Fixed1 - 7 Years $5,000 - $130,000
Interest Rate (p.a.)
7.29%
to 16.99%
Comp. Rate (p.a.)
8%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$635.67
Go to siteMore Info
Note: Take out a loan for an eligible electric vehicle and receive a 1.5% discount on your personalised interest rate (interest rates start from 5.79% p.a. and comparison rates from 6.49% p.a.)
Credit Concierge Used Car Loan
Fixed1 - 7 Years $10,000 - $1,000,000
Interest Rate (p.a.)
6.8%
to 17.45%
Comp. Rate (p.a.)
7.56%
to 18.91%
Application Fee
$553
Monthly Fee
$10
Monthly Repayment
$642.74
Go to siteMore Info
OurMoneyMarket Used Car Loan - No Vehicle Age Limit
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
min.
Monthly Fee
$0
Monthly Repayment
$622.82
Go to siteMore Info
Simplify Used Car Loan
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.19%
to 18%
Comp. Rate (p.a.)
6.6%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$622.21
Go to siteMore Info
NRMA Used Car Loan
Fixed1 - 7 Years $5,000 - $130,000
Interest Rate (p.a.)
8.49%
to 16.99%
Comp. Rate (p.a.)
9.21%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$647.01
Go to siteMore Info
You'll receive a fixed rate from 8.49% 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.
loading
Showing 9 of 9 results

Your reviews

No reviews yet. Write a review

Ask a question

Ask a question
Avatar

Staff Finder

Writer

Hi there, looking for more information? Ask us a question.

Error label

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our 1. Terms Of Service and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Avatar

Errol

June 17, 2018

Hi,I am a disability pensioner aged 75,the pension is the only income,I have an excellent credit score with D&B ,Experian and Veda,I am about to finalize a personal car loan in August this year with one of the 4 big banks,I also have a 100& on time repayment history no marks against my credit file history,I am looking for a car loan for around $6000My biggest problems are either having no other employment income or being judged by something called “the Henderson Poverty line index”which tells the lenders that I cannot service a $5000-$6000 loan as I have less than $19 per fortnight left from my pension,I am currently paying my advanced pension loan which is $98 per fortnight and my bank loan which is $50 per fortnight,both these loans will be finalized in late August this year and am looking at my options as to upgrading my current vehicle to a few years newer,do you have any information on this Henderson Poverty line index as I cannot find any formula to see how it works,any info much appreciated


Show more Show less
Avatar

Joshua Finder

June 17, 2018

Hi Errol,


Thanks for getting in touch with Finder.


I understand the challenges of getting approved for a loan and it is important to know how lenders determine your eligibility.


The Henderson Poverty Index (HPI) is less commonly used and was originally based on a survey of New York families in the 1950s, but has been updated using more recent Australian survey data. The index is calculated based on a family of two adults and two children, and it can be multiplied by a specific fraction to calculate a figure that applies to different family structures.


Knowing where you are in the HPI can be a little complicated. Sometimes a table is used to determine your HPI. With this in mind, it would be a good idea to directly get in touch with Melbourne University as they are primarily the ones who generate the HPI.


You might also be interested in reading our article about the calculation of living expenses.


I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.


Have a wonderful day!


Cheers,

Joshua


Show more Show less
Avatar

Kathryn

January 26, 2018

I have a porr credit rating and am on a pension which is supported by monthly payments from income protection insurance payments and an overseas pension. My income is slightly more than $30000/ year.

I believe I can service a car loan easily with monthly repayments coinciding with my extra payments. Will my application be acceptable from anybody


Show more Show less
Avatar

Jonathan Choi Finder

February 21, 2018

Hi Kathryn, thanks for your inquiry.


As long as you meet the application requirements you are eligible to apply. Since finder.com.au is a comparison service we are unable to provide advice on whether your application will be accepted. It would be best to contact BankSA on 13 13 7 (24 hours, seven days a week).


Thanks,


Jonathan


Show more Show less
Avatar

Parvind

October 05, 2016

I am an international student with 573 visa. Can I apply for a car loan?

Me and my partner are earning 1200 per week and have stable jobs.

Thanks.


Avatar

Anndy Lou Finder

October 06, 2016

Hi Parvind,


Thanks for your question.


If you are on a 573 visa, you may want to check the list of personal loans for temporary residents featured on our website.


Please do check the eligibility criteria for each loan before submitting an application.


Cheers,

Anndy


Show more Show less
Go to site