Fixed Rate Car Loans

Lock in a competitive rate and be able to budget for your loan term with a fixed rate car loan.

Wisr Secured Car Loan

Wisr Secured Car Loan logo image

From

5.09 %p.a.

fixed rate

From

5.92 %p.a.

comparison rate

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Fixed rate car loans comparison

Found the car you want to buy? Whether it's new or used, you can find a low rate that stays low for your entire low term when you opt for a fixed rate car loan. Terms of between one and seven years are available with these loans and you can get financing for cars for a range of budgets. Compare your options below and read our guide to find out more about how fixed rate car loans work.
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Name Product Mobile details underline Interest Rate (p.a.) Comp. Rate (p.a.) Rate Type Application Fee Monthly Fee Monthly Repayment
Credit Concierge Car Loan Fixed, 1 - 7 Years, $10,000 - $150,000
Credit Concierge Car Loan
1 - 7 Years, $10,000 - $150,000
3.69%
4.23%
Fixed
$350
$8.50
You'll receive a fixed rate of 3.69% p.a. with a comparison rate of 4.23% p.a.
Get access to over 20 providers to fund a new or used car.
loans.com.au - New - Prime Special (Variable) Variable, 3 - 5 Years, $5,000 - $100,000
loans.com.au - New - Prime Special (Variable)
3 - 5 Years, $5,000 - $100,000
3.24%
3.78%
Variable
$400
$0
You'll receive a variable rate of 3.24% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees.

Special Offer: Settle the loan before 30 June 2022 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
IMB New Car Loan Fixed, 1 - 7 Years, $2,000 - $75,000
IMB New Car Loan
1 - 7 Years, $2,000 - $75,000
4.88%
5.23%
Fixed
$275.12
$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.
Plenti Car Loan Fixed, 3 - 7 Years, $10,000 - $100,000
Plenti Car Loan
3 - 7 Years, $10,000 - $100,000
5.99%
to 11.99%
6.54%
to 12.57%
Fixed
$0 - $0
$0
You'll receive a fixed rate from 5.99% p.a.
Borrow up to $100,000 with a Plenti Car Loan and benefit from no early repayment or exit fees.
loans.com.au - New - Prime Special (Fixed) Fixed, 3 - 5 Years, $5,000 - $100,000
loans.com.au - New - Prime Special (Fixed)
3 - 5 Years, $5,000 - $100,000
5.09%
5.64%
Fixed
$400
$0
You'll receive a fixed rate of 5.09% 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.

Special Offer: Settle the loan before 30 June 2022 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
Stratton Finance New Car Loan Fixed, 1 - 7 Years, $10,000 - $300,000
Stratton Finance New Car Loan
1 - 7 Years, $10,000 - $300,000
3.99%
4.54%
Fixed
$482
$8.90
You'll receive a fixed rate from 3.99% p.a. depending on the lender you are approved with.
Apply for up to $300,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
OurMoneyMarket Car Loan Fixed, 1 - 7 Years, $2,001 - $75,000
OurMoneyMarket Car Loan
1 - 7 Years, $2,001 - $75,000
5.35%
to 14.99%
5.65%
to 21.14%
Fixed
1.5% - 6%
min. $250
$0
You'll receive a fixed interest rate from 5.35% p.a. to 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.
RACV New Car Loans Fixed, 1 - 7 Years, $5,000 - $150,000
RACV New Car Loans
1 - 7 Years, $5,000 - $150,000
4.99%
5.69%
Fixed
$499
$0
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.
NRMA New Car Loan Fixed, 1 - 7 Years, $5,000 - $130,000
NRMA New Car Loan
1 - 7 Years, $5,000 - $130,000
4.99%
5.69%
Fixed
$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.
Great Southern Bank Fixed Rate Car Loan Fixed, 1 - 7 Years, $5,000 - $100,000
Great Southern Bank Fixed Rate Car Loan
1 - 7 Years, $5,000 - $100,000
6.79%
7.16%
Fixed
$265
$0
You'll receive a fixed rate of 6.79% p.a.
A secured loan with a high maximum borrowing amount up to $100,000. Redraw facility and no monthly fees.
SocietyOne Car Loan Fixed, 2 - 7 Years, $5,000 - $70,000
SocietyOne Car Loan
2 - 7 Years, $5,000 - $70,000
5.45%
to 21.49%
5.45%
to 22.23%
Fixed
$0 - $0
$0
You'll receive a fixed rate between 5.45% p.a. and 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.
NRMA Used Car Loan Fixed, 1 - 7 Years, $5,000 - $130,000
NRMA Used Car Loan
1 - 7 Years, $5,000 - $130,000
6.24%
6.94%
Fixed
$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.
Stratton Finance Used Car Loan Fixed, 1 - 7 Years, $10,000 - $300,000
Stratton Finance Used Car Loan
1 - 7 Years, $10,000 - $300,000
3.99%
4.54%
Fixed
$482
$8.90
You'll receive a fixed rate loan from 3.99% p.a. with a comparison rate of 4.54% p.a.
A used car loan of up to $300,000 with quick approval times and balloon payment options.
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Compare up to 4 providers

Compare fixed car loans

  • Bank Australia Car Loan: 6.66% p.a. comparison rate. A fixed rate car loan that offsets your car's carbon emissions.
  • IMB New Car Loan: 5.23% p.a. comparison rate. A fixed car loan with flexible terms, no account-keeping fees and a competitive rate.
  • Beyond Bank Low Rate Car Loan: 5.01% p.a. comparison rate. A competitely priced car loan that is only available for a limited time.
  • RACV New Car Loans: 5.69% p.a. comparison rate. Get a low interest rate and fast approval with the RACV New Car Loans.

How do fixed rate car loans work?

Fixed rate car loans come with an interest rate that will apply for the duration of the loan term. As this protects you from rate fluctuations, these loans come with more restrictions. You generally won't be able to make extra repayments or repay your loan early, or you'll have to pay a fee to do so.

Lenders normally require you to use your entire loan amount on the car purchase, although some allow you to borrow extra to cover additional vehicle costs, such as insurance. Once you're approved for the loan you make ongoing repayments throughout the loan term, which can be anywhere between one and seven years, until the loan is repaid in full.

What are the types of fixed rate car loans?

There are two types of fixed rate car loans, a secured fixed rate car loan and an unsecured fixed rate car loan.

  • Fixed Rate Secured Loan.
    In secured fixed rate car loans, the lender will use your vehicle as a guarantee for the loan. These loans generally come with lower rates as they are a lower risk for the lender to take on.
  • Fixed Rate Unsecured Loan.
    An unsecured fixed rate car loan means you do not have to use your vehicle to secure the loan. As the loan is more of a risk the rates are generally higher, but you have more freedom with how you use your loan amount.

How you can compare fixed rate car loans

When you plan to take a fixed rate car loan, it is important to compare the fee structure, interest rate and other features offered by different lenders in the market.

  • Compare interest rates.
    Fixed interest rates differ from one lender to another and determine what your repayments will be. You are also given an option to reduce your interest payments by providing your asset as a security against the loan.
  • Compare comparison rates.
    The comparison rate is basically a tool that helps you identify the actual cost of a loan. This rate is determined by taking into account the interest rate, other charges and fees related to a loan. However, it does not include government charges and contingent fees (for example, redraws fee or fees for early repayment). Comparison rates are calculated on the basis of a loan term, loan amount, repayment frequency (whether fortnightly, monthly or weekly), interest rate and other charges and fees.
  • Compare lenders.
    Choosing the right lender is very critical when you plan to take a fixed rate car loan. Different brands offer different features, such as extended loan terms, minimum loan amount, insurance covers, flexible repayment schedule, early repayment options, lower interest and comparison rate in order to attract borrowers. If you're loyal to a particular lender, be mindful that they may not have the best deal for you particular situation.
  • Compare the fees.
    There are different fees and charges such as early termination fees, monthly administration fees and establishment fees. Fees generally vary from lender to lender and it is only wise if you choose the one who offers minimal fees in order to reduce your overall cost of the fixed rate car loan.

Benefits and drawbacks of a fixed rate car loan

  • Fixed repayments can help you budget throughout your loan term
  • Car loans generally come with lower rates, so you can lock in a competitive option
  • A fixed rate loan does not offer flexibility if your repayments change
  • If market rates change your interest rate will not drop

Things to avoid about fixed rate car loans

Although, fixed rate car loans offer a great deal of benefits and attractive features yet there are certain issues that you need to consider when you apply for a fixed rate car loan.

  • Always read the fine print.

The most important thing to avoid is not understanding what you're getting into. Make sure you're aware of all fees, charges, terms and conditions before applying.

  • Early repayment fees.

There may be early termination fees or early payoff penalties with fixed rate car loans if you want to finalise your loan payment earlier than the agreed term.

  • Car eligibility.

Check the car you're planning to purchase is eligible under the terms of the loan. Most lenders will set maximum age limits on cars but it may also have to be of a certain condition.


Start a comparison of car loans today

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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