Westpac Car Loans


With a Westpac Car Loan offer your car as security and get a fixed interest rate of 8.49% p.a. (comparison rate 9.67% p.a.^). Include up to an additional 10% of the car’s value in the total loan amount to use for on-road costs, such as insurance, registration and transfer costs.


Interest Rate
8.49 % p.a.
fixed rate

9.67% p.a.
comparison rate
Establishment Fee
$250
Monthly Service Fee
$12

Your dream car could be closer than you think with a Westpac Car Loan

  • Interest Rate
    8.49% p.a.
  • Comparison Rate
    9.67% p.a.^
  • Establishment Fee
    $250
  • Early repayment fee
    $175 (if term is greater than 2 years and pay it out before)
  • Monthly Service Fee
    $12
  • Missed Payment Fee
    $9
  • Declined direct debit fee
    $9


Secure online application


  • Clicking the Apply Now button will take you to your Online Application on the bank's website.
  • Your application will take less than 10 minutes to complete

Some Benefits of Westpac Car Loans

  • $250 establishment fee

    This is added to your loan amount

  • Terms of between 1 and 7 years

    Choose the frequency of your repayments to suit when you get paid (weekly, fortnightly or monthly) as long as you pay your loan back within 1 to 7 years

  • Borrow between $10,000 and $100,000

    Borrow between $10,000 and $100,000 for a new or used car, which is used as security for the loan (conditions apply)

  • Make extra repayments to repay your loan faster

    If you choose a term greater than 2 years, and pay it out in less than 2 years, there is a prepayment fee of $175.

Other Pros

  • Make extra repayments
  • Borrow between $10,000 and $100,000 for a new or used car

Cons

  • $175 Prepayment fee (applies if you choose a term greater than 2 years and pay it out in less than 2 years. This fee is waived if you pay out your personal loan by refinancing to another Westpac personal loan).
  • $12 monthly service fee

Westpac Car Loans

Apply now

How to apply for a Westpac Car Loan

If you are interested in applying for a Westpac Car Loan, then it is as easy as clicking the 'apply now' button to be redirected to the online application form. Take a look at the application criteria and what you will need to apply:



Application criteria

Make sure you meet the following criteria before you apply:

  • Aged 18 years or over
  • Regular permanent income
  • You need to be a permanent resident of Australia or,
  • Hold an acceptable visa and have confirmed employment in Australia if they are a non-resident.

Required information

  • Identification
  • Financial information, including details of your existing financial commitments
  • Income and employment details

If this loan sounds like it is right for you, hit the 'apply now' button to get the application process started.

Westpac Car Loans