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Westpac Car Loans

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

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 Offer

Westpac Car Loan

From

8.49 % p.a.

fixed rate

From

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 Offer

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
  • Maximum loan amount: $100,000
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Westpac Car Loan Comparison

Rates last updated October 20th, 2018
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Monthly Service Fee Application Fee Product Description Monthly Repayment
Westpac Car Loan
From 8.49% (fixed)
9.67%
$10,000
1 to 7 years
$12
$250
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.
Westpac Unsecured Personal Loan
12.99% (fixed)
14.14%
$4,000
1 to 7 years
$12
$250
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. Existing Westpac customers may qualify for discounts.

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 year(s) 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.

Car Loan Offers

Important Information*
IMB New Car Loan

You'll receive a fixed rate of 5.89% 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.

Loans.com.au - New Car Loan

You'll receive a fixed rate of 5.44% p.a.
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment.

Latitude Motor Vehicle Loan

You'll receive a fixed rate between 6.99% p.a. and 14.99% p.a. based on your risk profile
Apply for a loan from $5,000 to finance a new or used car. Flexible repayments and options to finance a classic car.

Stratton Finance New Car Loan

You'll receive a fixed or variable rate depending on the lender you are approved with
Apply for up to $100,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.

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