Great Southern Bank Fixed Rate Car Loan
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- Application Fee
- $225
- Interest Rate (p.a.)
- From 6.49% (fixed)
- Comparison Rate (p.a.)
- 6.63%
- Max Loan Amount
- $100,000
Summary
This fixed-rate car loan from Great Southern Bank offers a competitive starting interest rate and no ongoing monthly fees.Great Southern Bank's Fixed Rate Car Loan has a competitive 6.49% starting interest rate that places it in the top 25% of loans in our database. It also has no ongoing monthly fees helping to keep costs down.
While its application fee is on the more affordable side its maximum rate of 13.19% is in the top half of higher rates we've seen. It has a Finder Score of 8.6 out of 10.
Pros
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Competitive interest rate
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Large maximum loan amount
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Fee-free additional repayments
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Redraw facility available
Cons
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$200 minimum for in-branch redraws
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$100 administration fee for secured loans
Details
Product details
| Product Name | Great Southern Bank Fixed Rate Car Loan |
| Interest Rate (p.a.) | 6.49% to 13.19% |
| Comp. Rate (p.a.) | 6.63% to 13.34% |
| Interest Rate Type | Fixed |
| Min Loan Amount | $5,000 |
| Max Loan Amount | $100,000 |
How does Great Southern Bank Fixed Rate Car Loan compare?
- Competitive starting interest rate. This loan's minimum interest rate of 6.49% is in the top 25% of car loans we analysed.
- Affordable application fee. The $225 application fee is in the top half of lower fees in our database.
- No ongoing monthly fees. This loan has no ongoing monthly account keeping fees saving you money compared to other lenders.
- Higher than average maximum interest rate. The maximum interest rate of 13.19% is in the top half of higher rates on the market.
The Great Southern Bank Fixed Rate Car Loan was highly commended for Best Car Loan - Used Cars in the 2026 Finder Awards. 
Great Southern Bank scored in the Finder Awards
Main points to consider about the Great Southern Bank Fixed Rate Car Loan
This personal car loan from Great Southern Bank is a fixed rate secured loan. It can be used to buy either a new vehicle or a used vehicle up to seven years old.
The interest rate is fixed starting from 6.49% p.a. up to 13.19% p.a. You can also make as many repayments as you wish, so you could pay off your loan early and without penalties.
When your loan is approved, you will be charged . There are no monthly charges with this loan, making it a cost-effective choice.
Features of the Great Southern Bank Fixed Rate Car Loan
- Interest rate. This car loan comes with a fixed interest rate. It is fixed starting from 6.49% p.a. up to 13.19% p.a., while the comparison rate is from 6.63% p.a. to 13.34% p.a.
- Loan term. The loan term ranges from 1 year to 7 years.
- Loan amount. The minimum loan amount is $5,000. You can borrow up to $100,000 using the vehicle as security.
- Repayments. Flexible repayments allow you to pay back the loan based on your income and budget. You can repay the loan monthly, fortnightly or weekly. You can also make as many additional repayments as you wish, with no extra charge.
- Redraw. You can redraw any additional repayments you make. There is a minimum $200 withdrawal amount for in-branch redraws.
- Monthly fees. There is no monthly maintenance fee.
How to apply for the Great Southern Bank Fixed Rate Car Loan
If you wish to apply for a Great Southern Bank car loan, click "Go to Site" to begin your application. You will need to meet the following eligibility requirements:
- You must be at least 18 years of age or older.
- You must be a permanent resident of Australia or an Australian citizen.
- You must have a good credit history, with no defaults over the last five years.
Keep the following documents handy when applying:
- Personal information. This includes your name, date of birth, current address and driver’s licence number.
- Employment. This includes details of your employment, including your current employer’s contact information.
- Income. This includes your current income and any additional regular income.
- Assets. You will need to provide details of your assets, including property, vehicles and savings.
- Liabilities. You will also need to provide a list of all your current financial obligations, including other loans and credit card debts.
When you’re shopping for a new car, you should keep in mind that there are many alternatives to dealership finance. By comparing rates and features between lenders, you could find the best car loan available. Before making your final decision, compare Great Southern Bank Fixed Rate Car Loans with other loan products.
Compare other products from Great Southern Bank
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