Westpac Car Loans

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

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Westpac

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.

Westpac Car Loan

Westpac Car Loan

8.49 % p.a.

fixed rate

9.67 % p.a.

comparison rate

  • Competitive interest rate
  • Additional repayments OK
  • Borrow up to $100,000
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100% confidential application

Westpac Car Loan

The Westpac Car Loan features a competitive fixed rate and discounts for those who hold eligible Westpac accounts.

  • Interest rate from: 8.49% p.a.
  • Comparison rate: 9.67% p.a.
  • Interest rate type: Fixed
  • Application fee: $250
  • Minimum loan amount: $10,000
  • Minimum loan amount: $100,000
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Westpac Car Loan Comparison

Updated November 22nd, 2019
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
8.49% (fixed)
9.67%
$10,000
1 to 7 years
$250
$12
You'll receive a fixed rate of 8.49% p.a.
Finance a new or used car and benefit from convenient features for car buyers including a car search tool and the option to borrow extra for on-road costs.
12.99% (fixed)
14.14%
$4,000
1 to 7 years
$250
$12
You'll receive a fixed rate of 12.99% p.a.
Benefit from the security of a fixed rate with the flexibility of additional repayments. Note: Existing customers approved via online banking between 29 October and 8 December 2019 qualify for a 1% discount.

Compare up to 4 providers

  • Car Loan. You can purchase a new car or refinance a used car with this loan and get a competitive rate of 8.49% p.a. You can apply for a loan amount between $10,000 and $100,000 and have up to 7 years to repay it. You're able to make extra repayments, but if you choose a term greater than two years and pay it off within two years, a fee applies.

Can you use your car as security?

If your vehicle meets the following criteria it can be used as security for the Westpac Car Loan:

  • New car or used car if refinancing
  • The vehicle needs to have been imported to Australia by the manufacturer
  • You may be able to borrow extra funds to purchase additional items to upgrade your car

How you can apply for the Westpac Car Loan

If you're ready to get your Westpac Car Loan application started, click "Go to Site" to do so. You'll need to meet the following criteria to be considered for a loan:

  • Be over the age of 18
  • Have a regular permanent income
  • Be an Australian citizen, permanent resident or hold an acceptable visa and have confirmed employment in Australia

If you meet these criteria you can start the application. You'll need all the following details to complete the application:

  • Documents to verify your identity
  • Details of your current financial situation and employment

After you submit your application you will find out if you've been approved within two business days, following which you have 30 days to find your car.

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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 5.45% 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 5.49% 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 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 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.

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