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If you've already estimated repayments, learn about our car loan rates and features.

You could borrow between $10,000 and $100,000

You can select a loan term between 1 and 7 years

The above calculator is for loans where the car you’re buying is offered as security and is:


  • less than 7 years old
  • Made locally or imported by the manufacturer
  • Never written off or stolen
  • Comprehensively insured.


Not right for you? Take a look at our Unsecured Personal Loan below.

Where are you on your car finance journey?

Whether it’s your first or your fiftieth purchase, being on-top of the financials for a car is as important as its features. And doing so before hitting the dealerships could save you big-time. So which stage are you at?

1. Doing initial research

Asking questions here will give you a better overview of your options. What types of car finance are out there? How much could you borrow? Have you considered all the potential costs?

2. Choosing a finance option

It’s time to get serious about the money. Before you sign anything, or head to a dealer, find out how to get a car loan. You might also want to find out more about secured car loans.

3. Preparing to apply

Found ‘the’ car? Getting the details right before you apply will make it more likely your application is approved – whether you’re buying new or used, privately or from a dealer.

Unsecured Personal Loan or Car Loan? Get help choosing


Unsecured Personal Loan Car Loan
Key difference  
Consider this loan if the car you want is more than 7 years old, you want a motorbike, caravan or something else, or you don’t want to offer the car as security. As this loan’s secured against your car, you get a lower rate than our Unsecured Personal Loan^^.
You could borrow  
$4,000 - $50,000 $10,000 - $100,000
Interest rate   
8.99% p.a. (comparison rate 10.17% p.a.^) fixed  6.49% p.a. (comparison rate 7.69% p.a.^) fixed
Repayment terms   
1-7 years 1-7 years
Not required The car you’re buying
Car eligibility  
Any car (or motorcycle) Less than 7 years old
Comprehensively insured
Find out more  
Go to Unsecured Personal Loan Go to Car Loan



Both loans come with...

  • A term of 1-7 years
  • A fixed rate, so you’ll know what your repayments and loan end date will be
  • Fast funds – distributed electronically as soon as you sign the contract
  • Choice of repayment frequency – weekly, fortnightly or monthly, to work with when you’re paid 
Things you should know

Online Banking Terms and Conditions (PDF 341KB)

Any advice on this website is general in nature and has been prepared without considering your objectives, financial situation or needs. Please consider your individual circumstances before applying for a Westpac Personal Loan. Credit criteria, fees, charges, terms and conditions apply. Information correct at 22 July 2021. Interest rates are subject to change.

^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.

  • Unsecured Personal Loan repayment terms range from 1 to 7 years. Interest rate ranges and representative examples are based on an unsecured loan of $30,000 borrowed for 5 years with the interest rate of 8.99% p.a. (comparison rate 10.17% p.a.), the estimated total amount payable including fees is $38,388.
  • 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 7.69% p.a.), the estimated total amount payable including fees is $36,224. 

Any calculation made by you using this Car Loan calculator is intended as a guide only. It is for illustrative purposes only and is based on the accuracy of the information provided. The calculator does not take establishment fees, stamp duty or other government charges into account. 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 car loan.

##The establishment fee will be added to your loan amount. Other fees and charges may be payable. Please read full terms and conditions before making a decision to apply for a Westpac Personal Loan.

^^To qualify for a lower interest rate, the motor vehicle offered as security cannot be older than 7 years old at the time of application. The vehicle used as security must be registered under the applicant's name and made locally or imported by the manufacturer and all the lending criteria met. Please note that car loan applications have a two-step process, conditional approval then final approval after you have found your car. Conditional approval is valid for 30 days based on the information provided can be verified. Conditional approval is not a loan offer or final approval. Before final approval is confirmed, we will ask you for further details including information about the car being offered as security. Before applying for a Car Loan you should read information provided in 'Before you apply' tab and 'Finalising your application' tab.

Credit provided by Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.