Westpac Car Loan
Looking for your next car? Let's get you moving. Apply online and you could be driving off in no time.
Interest rates
Pay interest from:
6.49% P.A. Annual fixed rate |
7.90% P.A. Comparison rate |
Petrol/diesel/LPG cars - annual fixed interest rates:
| Rate range | 6.49% p.a. to 12.99% p.a. |
| Comparison rate range | 7.90% p.a. to 14.34% p.a. |
| Median rate Around half of our customers receive the median rate or lower |
8.49% p.a. |
| Median comparison rate | 9.67% p.a. |
Interested in an electric or hybrid car? Check out our Electric Car Loan or Hybrid Car loan rates.
Comparison rates: Comparison rates help you understand the true cost of a loan. All comparison rate examples shown are for a personal loan amount of $30,000 and a term of 5 years. WARNING: Comparison rates apply only to the example or examples given and may not include all fees and charges. Different loan amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Find more information in the 'Things you should know' section.
Get behind the wheel of your dream car sooner
Budget-friendly
You get a choice of 1-7 year loan terms to suit every budget. Your rate and repayments won't change for the full loan term.
Get up to $100,000
Choose how much you want to borrow, from $10,000 to $100,000. Then decide between weekly, fortnightly, or monthly repayments.
5-minute quote
You'll get your personalised rate in minutes with no impact on your credit score. So, you can start planning your purchase sooner.
Speedy funding
Once your loan’s approved, you'll receive the funds the same day you accept the loan contract.
Repayment calculator
This calculator helps you estimate how much your personal loan repayments could be.
Repayment calculator: Any calculations made by you using this calculator is intended as a guide only. It is for illustrative purposes only and is based on the accuracy of the information provided. The calculation is not an offer of credit. The amount you can borrow may vary once you complete a loan application and all the details relevant to our lending criteria are captured and verified. The calculations should not be relied on for the purpose of making a decision whether to apply for a personal loan. Weekly and fortnightly repayment calculations - if your monthly repayments are $1000, fortnightly repayments are calculated by dividing $1000 by 2 and rounding up if required ($1000/2 = $500). Weekly repayments are calculated by dividing $1000 by 4 and rounding up if required ($1000/4 = $250).
^Comparison rates: Comparison rates help you understand the true cost of a loan. All comparison rate examples shown are for a personal loan amount of $30,000 and a term of 5 years. WARNING: Comparison rates apply only to the example or examples given and may not include all fees and charges. Different loan amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
- Car Loan repayment terms range from 1 to 7 years. Interest rate ranges and representative examples are based on a personal loan of $30,000 borrowed for 5 years with the interest rate of 6.49% p.a. (comparison rate 7.90% p.a.), the estimated total amount payable including fees is $36,404. The actual rate offered may be higher or lower than the comparison example above. Rates currently range from 6.49% p.a. to 12.99% p.a. (comparison rate from 7.90% p.a. to 14.34% p.a.)
- Electric Car Loan repayment terms range from 1 to 7 years. Interest rate ranges and representative examples are based on a personal loan of $30,000 borrowed for 5 years with the interest rate of 5.99% p.a. (comparison rate 7.41% p.a.), the estimated total amount payable including fees is $35,981. The actual rate offered may be higher or lower than the comparison example above.
- Hybrid Car Loan repayment terms range from 1 to 7 years. Interest rate ranges and representative examples are based on a personal loan of $30,000 borrowed for 5 years with the interest rate of 5.99% p.a. (comparison rate 7.41% p.a.), the estimated total amount payable including fees is $35,981. The actual rate offered may be higher or lower than the comparison example above. Rates currently range from 5.99% p.a. to 10.29% p.a. (comparison rate from 7.41% p.a. to 11.66% p.a.)
Get a personalised rate
We'll show you your Personal Loan personalised rate and repayment estimate based on your credit score and the loan details you give us. It only takes a few steps, and it won't affect your credit score. Already bank with us? Sign in to save time.
More reasons to choose a Westpac Car Loan
$0 extra repayment fee
No balloon payment
Easy loan repayments
Simple online document upload
Cover car expenses
Purchasing a car directly from Tesla?
Looking to start or continue your loan application for your Tesla? Eligibility, credit criteria, fees, charges and T&Cs apply.
What you need to know before and after you apply
Your eligibility
You must:
- Be 18 years or older
- Hold a current Australian driver licence or learner's permit
- Be one of the following:
- An Australian or New Zealand citizen
- An Australian permanent resident and hold an acceptable visa (PDF 489KB)
- A non-resident or migrant and hold an acceptable visa (PDF 489KB). Must have at least 1 year before expiry.
- Have a fixed, Australian address
- Receive a regular, Australian taxable income.
Your car's eligibility
As your car is used as a guarantee for your loan, it must:
- Be for personal use
- Be 7 years old or less at the time of loan application
- Be imported by the manufacturer
- Never been written off, even if it was repaired
- Be comprehensively insured, with Westpac showing as the financier.
Thinking of switching to an electric or hybrid car? Check that the model's on our list of eligible vehicles (PDF 364KB).
If your car doesn't meet the criteria, consider our Unsecured Personal Loan.
You'll be assessed on your ability to repay the money you borrow. Three things you can do to help:
- Make sure you're meeting your current repayment obligations for:
- Other credit cards or loans (including lenders such as Afterpay and Zip Pay)
- Rent as well as utilities such as your phone, internet and electricity.
- Check the details on your credit report are correct before applying. Head to CreditSmart.org.au and follow the links to get a free credit report. More about credit reports.
- Don't make multiple applications (with us or any other lender). Every application is listed as an enquiry on your credit report. Too many can be seen as a red flag and reduce your chances of approval.
Current debts and expenses
Current debts: any loans, credit cards, or 'buy now, pay later' plans in your name (e.g. home loan, personal loans, other credit or store cards as well as instalment purchases such as Afterpay and Zip Pay).
Monthly expenses: all your regular expenses, including phone bills, insurances etc.
Proof of income
If your pay doesn't already go into a Westpac account, you'll need to show at least one of the following:
- Two most recent consecutive payslips from your main employer (must be less than 60 days old)
- A Government Authority statement confirming your pension or allowance (from the last 2 months)
- Rental income proof (from the last 3 months).
Self-employed? You'll need to show:
- You've been in business for at least 18 months
- Business bank statements (from the last 2 months)
- Notice of Assessment (from last year).
Other details: any assets, savings or investments you might have.
Keep in mind: If you're a tax resident of another country, you'll need your foreign tax identification number.
Status and further details
You can track the status of your loan application with our Online Status Tracker. If we need more information from you, we'll contact you by phone or email.
Conditional approval
If you're conditionally approved, you may need to email documents to us for verification.
Confirming and accepting your loan
We'll email you within 2 business days to confirm if your application's been approved.
Review and accept your contract
You can do this securely online. Tell us which account you'd like the funds to be sent to. Allow 1 business day for the funds to be sent to a Westpac account and up to 3 business days for a non-Westpac account.
Keep in mind: Non-Westpac customers will need to come into a branch to be identified after accepting their contract.
Found the car you want?
Give us your car details
To help process your car loan smoothly, you'll need to tell us a bit about the car. This helps us understand the type of sale, check the car's details and make sure all the right documents are in place.
Car dealer or auction: If you're buying your car from a dealer or at an auction, we'll need a dealer's tax invoice or contract of sale with the required information in the car purchase detail checklist (PDF 70KB).
Private sale: If you're buying your car from a private seller, we'll need the registration papers and a completed confirmation of car purchase (PDF 1MB) form.
Save time, apply online
Loan fees
| Lending establishment fee (will be added to your loan amount. Please read the Terms and Conditions before making a decision to apply for a Westpac Personal Loan). | $250 |
| Monthly loan account fee | $15 |
| 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). | $175 |
| Missed payment fee | $15 |
| Bank cheque fee | $10 |
| Other fees and charges may be payable. | |
Frequently asked questions
Your Westpac Personal Loan interest rate is based on your own details.
A rate quote shows your personal interest rate and what your monthly repayments might be if you're approved.
A balloon payment is a lump sum paid at the end of your loan term and is usually charged by car dealers. With a Westpac Car Loan, there's no balloon payment - you'll fully pay off your loan and own the car by the end of the loan term.
A car loan can help you buy a new or used car for personal use.
Westpac Car Loans usually have lower interest rates than Westpac Unsecured Personal Loans because the car is used as security for the loan.
An unsecured personal loan doesn't need any assets as security.
You can use it for many things like paying off other debts, buying a car, home renovations, education, medical bills, travel, or a wedding.
To qualify for a car loan, you and your car must meet all criteria. You'll find all the details in the 'What you need to know before and after you apply' section.
Yes, you can apply to refinance your car loan with Westpac - even if your current loan is with another lender.
To be eligible, both you and your car need to meet Westpac's eligibility criteria.
If your loan is with another lender, you'll need to provide a statement showing how much you still owe.
Yes, you can. There's no fee to make additional loan repayments. However, you may be charged a prepayment fee if you pay off the loan in less than 2 years. Read our 'Loan fees' section for details.
Help when you need it
Things you should know
This information is general in nature and has been prepared without taking your objectives, needs and overall financial situation into account. For this reason, you should consider the appropriateness of the information to your own circumstances and, if necessary, seek appropriate professional advice. Please consider your individual circumstances before applying for a Westpac Personal Loan. Credit criteria, fees, charges, terms and conditions apply. Information is correct as of 30 October 2025.
More information on comparison rates:
- Car Loan repayment terms range from 1 to 7 years. Interest rate ranges and representative examples are based on a personal loan of $30,000 borrowed for 5 years with the interest rate of 6.49% p.a. (comparison rate 7.90% p.a.), the estimated total amount payable including fees is $36,404. The actual rate offered may be higher or lower than the comparison example above. Rates currently range from 6.49% p.a. to 12.99% p.a. (comparison rate from 7.90% p.a. to 14.34% p.a.)
- Electric Car Loan repayment terms range from 1 to 7 years. Interest rate ranges and representative examples are based on a personal loan of $30,000 borrowed for 5 years with the interest rate of 5.99% p.a. (comparison rate 7.41% p.a.), the estimated total amount payable including fees is $35,981. The actual rate offered may be higher or lower than the comparison example above.
- Hybrid Car Loan repayment terms range from 1 to 7 years. Interest rate ranges and representative examples are based on a personal loan of $30,000 borrowed for 5 years with the interest rate of 5.99% p.a. (comparison rate 7.41% p.a.), the estimated total amount payable including fees is $35,981. The actual rate offered may be higher or lower than the comparison example above. Rates currently range from 5.99% p.a. to 10.29% p.a. (comparison rate from 7.41% p.a. to 11.66% p.a.)
*Claim based on The Forrester Digital Experience Review™: Australian Mobile Banking Apps, Q3 2025, an evaluation of four Australian banking apps. Forrester does not endorse any company, product, brand, or service included in its research publications and does not advise any person to select the products or services of any company or brand based on the ratings included in such publications. Information is based on the best available resources. Opinions reflect judgment at the time and are subject to change. For more information, read about Forrester's objectivity here.
Credit provided by Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.