Westpac Car Loans

Finance your next new or used car purchase with a loan from Australia's first bank.

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Matt Corke

Updated

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Key takeaways

  • The Electric Car Loan has the lowest interest rate at 5.99% p.a. for eligible vehicles.
  • Westpac’s secured car loan rates start from 6.49% p.a. with a $250 application fee.
  • Unsecured personal loans from Westpac feature no application fee but carry higher interest rates.

Westpac was started in 1817 and it was the first bank to be established in Australia. Its first office was set up in Sydney, but it has now expanded both within Australia and beyond. The group offers products with the aim of assisting customers to save and invest.

Westpac also extends financing to individuals, institutions, multinational corporations and even government agencies. Car loans fall under their personal loans division, and these can help you get the amounts you need to purchase your next new or used car.

3 of 3 results
Checked 7 August 2026
Finder Score Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
Westpac logo
7.4 Great
Westpac Car Loan
Most LovedFixed1 - 7 Years $10,000 - $130,000
7.4 Great
Interest Rate (p.a.)
6.49%
to 12.99%
Comp. Rate (p.a.)
7.9%
to 14.34%
Application Fee
$250
Monthly Fee
$15
$0 establishment fee: Save $250 when you borrow $10k to $130k with a new secured car loan from Westpac. Apply by 2 July 2026 and be approved and accept the contract by 16 July 2026. T&Cs apply.
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Westpac logo
6.9 Standard
Westpac Unsecured Personal Loan
Fixed1 - 7 Years $4,000 - $70,000
6.9 Standard
Interest Rate (p.a.)
7.29%
to 22.19%
Comp. Rate (p.a.)
8.69%
to 23.48%
Application Fee
$250
Monthly Fee
$15
View details
Compare product selection
Westpac logo
8.4 Great
Westpac Electric Car Loan
Fixed1 - 7 Years $10,000 - $130,000
8.4 Great
Interest Rate (p.a.)
5.74%
to 8.49%
Comp. Rate (p.a.)
7.16%
to 9.88%
Application Fee
$250
Monthly Fee
$12
View details
Compare product selection
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Showing 3 of 3 results

Finder Score for car loans

To make comparing car loans even easier we came up with the Finder Score. Interest rates, fees and features across 200+ car loan products and 100+ lenders are all weighted and scaled to produce a score out of 10. The higher the score, the more competitive the product.

Read the full methodology

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How to apply for a Westpac car loan

When applying online for a car loan, you'll need to supply some key details:

  • Details of the car you're borrowing for, include make, model, year and purchase price
  • How much you're looking to borrow
  • Your name, address and contact information
  • Details of your employment and income

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Sources

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Written by

Head of Publishing Ventures

Matt Corke is Finder’s head of publishing ventures. Prior to this he was head of publishing for Australia, New Zealand and emerging markets. Matt built his first website in 1999 and has been building computers since he was in his early teens. In that time, he has survived the dot-com crash and countless Google algorithm updates. See full bio

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