Get the Finder app 🥳

Track your credit score


Esanda Car Loan

Last updated:  

Apply and be approved for car finance in three hours or less with Esanda.

Finding a car financing solution can seem overwhelming – there's a range of options available and it's difficult to know which one is best for you. Fixed or variable, dealer finance or car loan, balloon repayment or fixed repayments across your term? If you're unsure of what kind of financing to go for, you can find help from Esanda. They are one of Australia's largest car financiers and also a division of ANZ. They offer a competitive car loan option that can see you behind the wheel of your new vehicle — even if you're not sure what car that is yet. Read more about the car loan you can access through Esanda below and see if it's the right option for you.

This loan is no longer available

As of 30 April 2018, ANZ will no longer accept new applications for this car loan. There are no other car loans available with the bank, but you can compare your alternative car loan options here.


Application Fee

From 7.91% (fixed)

Interest Rate (p.a.)


Comparison Rate (p.a.)

We’re committed to our readers and editorial independence. We don’t compare all products in the market and may receive compensation when we refer you to our partners, but this does not influence our opinions or reviews. Learn more about Finder .


Product NameEsanda Car Loan
Interest Rate (p.a.)From 7.91% (fixed)
Comparison Rate (p.a.)8.76%
Interest Rate TypeFixed
Min Loan Amount$7,500

What you need to consider about an Esanda Car Loan

This is a secured loan, meaning your newly purchased car will be used as a guarantee in case you default on the loan. Loan terms of between 1 year and 7 years are available and a balloon repayment may also be available, helping you to reduce your ongoing repayments over your term. Keep in mind various fees and charges apply, including an establishment fee and monthly loan administration charge. These fees are detailed further on and should be taken into account before you apply.

Features you should know about before applying

  • Loan approval time.
    When you apply, you can find out if you've been approved in three hours or less. This can make the process of buying your car quick and easy.
  • Flexible repayments options.
    You're able to make fortnightly or monthly repayments and you can pay via direct deposit, BPAY or by visiting an ANZ branch.
  • Fixed rate of interest.
    This loan comes with a competitive fixed rate starting from 7.91% p.a. The rate you're approved for will depend on your individual application.
  • Balloon repayment option.
    If you're looking to make a lump sum payment at the end of your loan term, with the advantage of reducing your ongoing repayments, you might be able to take up this option.
  • No deposit required.
    You may be able to access 100% financing for your vehicle if you're approved by Esanda.
  • Include other costs in your loan.
    Approved customers may be able to include other costs in their loan amount, including insurance and on-road costs.

What fees come with an Esanda Car Loan

Before taking on any loan it's important to take into account all of it's features, including what costs are involved. The fees and charges of this loan are outlined below:

  • Establishment fee: $350. This is the fee you're charged to cover the costs of setting up your loan.
  • Loan administration charge: $5. This is charged each month to cover the administrative costs of your loan.
  • Late payment fee: $20. If you fail to make a payment on time you will be charged this fee.

Ways Esanda can help you repay your loan

While the car loan is a fixed rate product, meaning there is little flexibility in the way your repayments are structured over your loan term, Esanda offers repayment flexibility in other ways. Take a look at the options available to you that can help you manage your loan:

Annual repayment breaks for rego and insurance
Esanda has an option whereby you can construct a repayment schedule to work around your registration and insurance renewal. In other words, you can have a repayment holiday scheduled for when your insurance and registration is due to be renewed if you agree to make higher repayments in other months. This can provide some much-needed relief when renewal time comes.

A break for repayments when you have a baby
If you and your partner are expecting, you can elect to increase your repayments for the first nine months in order to have reduced repayments for the next twelve. Following this period the repayments will return to normal for the remainder of the loan term. This is a very flexible option that can help you in that first year where you'll see your living costs increased with the new introduction to your family.

Repayments tailored for your car's maintenance
Another flexible repayment structure that's available aims to help you manage the maintenance costs of your vehicle. This repayment structure sees reduced repayments every six months, and then on the anniversary of your contract you won't have any repayments scheduled. This is where your servicing costs and registration will be due.

Five questions you might have about an Esanda Car Loan

Before you apply for an Esanda Car Loan

Applying for an Esanda Car Loan is simple. You can get started online, or if you prefer, you can also give them a call or visit an Esanda dealership to apply in person. Before you start the application process, check you meet the criteria. You'll need to:

  • Be over the age of 18
  • Be an Australian permanent resident or hold a relevant work visa
  • Be employed are be a self-funded retiree
  • Not currently be bankrupt
  • Be looking to borrow more than $7,500

Required documents

You'll also need to have the following documents handy before you start your application:

  • Current Australian driver's licence
  • Your current employer's name and contact information
  • If you've changed jobs in the last three years you'll need your previous employer's name
  • Details of your income, expenses, assets and liabilities

Car Loan Offers

Important Information*
Logo for IMB New Car Loan
IMB New Car Loan

You'll receive a fixed rate of 4.99% 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 4.89% 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.

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.


  1. Default Gravatar
    John F
    May 14, 2016

    I used Esanda in the past and completed my car loan successfuly. Now I’m thinking to use Esanda again. Will Esanda take my past experience in to account?

    • Avatarfinder Customer Care
      May 16, 2016

      Hi John,

      Your application will be judged on your current financial circumstances and you will still need to meet the minimum eligibility criteria. Esanda may have your records on file and if you’ve made all your repayments on time this may be taken into account, but you will only be approved for a loan if you meet its lending criteria.

      Hope this helped,


  2. Default Gravatar
    April 6, 2016

    If I go with fixed interest rate how much will be the early termination fee.

    Also is there maximum or minimum amounts for a additional payments.

    Thank you.

    • Avatarfinder Customer Care
      April 6, 2016

      Hi Lucky,

      The early termination fee is a $50 administration fee plus $680 pro-rate, which is for the unrecovered costs of providing the loan. For example, on a 60 month loan paid out after 48 months, there will be 12 months remaining of the original term so the fee payable will be 12/60 x $680 = $136. There may also be break costs.

      There aren’t limits for additional repayments but you may be charged fees which can be advised to you by Esanda.

      Hope this has helped,


  3. Default Gravatar
    August 24, 2015

    If I decide to refinance my car loan ( get a new car) this will mean that I have negative equity, will i still have to pay the general fee establishment fee.

    Thank You

    • Avatarfinder Customer Care
      August 24, 2015

      Hi Arti,

      Thanks for your question.

      There aren’t any terms or conditions listed with the establishment fee on Esanda’s site, so it looks like you will need to pay this fee even in your situation. You might want to get in contact with Esanda directly to discuss your application and the fee structure before you apply.



  4. Default Gravatar
    May 31, 2015

    Why has my application for a car loan been referred

    • Avatarfinder Customer Care
      June 1, 2015

      Hi Jamie,

      Thanks for your question.

      You’ve come through to, as a financial comparison service we can’t comment on the outcome or status of your application. Once you apply Esanda gets in contact with you via email to discuss the nest steps of the application, then they call you to discuss a quote. If you’re approved you usually be advised of this within three business hours. You can call Esanda for further details regarding your application and loan.

      I hope this has helped.



Go to site