Westpac Hybrid Car Loan
Make the switch to a Hybrid car and enjoy a fixed interest rate from 5.99% p.a. (comparison rate of 7.41% p.a.)^
You’re in charge with a Westpac Hybrid Car Loan
Flexibility to suit your budget
Choose weekly, fortnightly or monthly repayments over a 1-7 year loan term.
Borrow from $10,000 up to $100,000
Choose the right loan amount to cover the purchase price and extras like insurance^^.
Get a quote in under 5 minutes
Know your repayments and get your rate, without affecting your credit score.
More reasons to choose a Westpac Hybrid Car Loan
Fast response
No balloon payment
$0 extra repayment fee
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.
Hybrid repayment calculator
This calculator helps you estimate how much your repayments would be for a hybrid vehicle.
Rates & fees
Rates
| Hybrid annual fix rate range | 5.99% p.a. to 10.29% p.a. |
| Hybrid comparison rate range^ | 7.41% p.a. to 11.66% p.a.^ |
| Median rate Around half of our customers receive the median rate or lower |
7.99% p.a. |
Fees
| Lending establishment fee | $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 |
| Other fees and charges may be payable. | |
Before you apply for a Westpac Hybrid Car Loan
How to apply for a Westpac Hybrid Car Loan
1. Check eligibility
Make sure that you and your car meet the requirements.
2. Simple application
Complete online application: To make it faster, we'll fill in the information we have about you if you're an existing customer.
Submit application: In 60 seconds, you'll know if you're conditionally approved, which means you know how much you could borrow.
3. Found the car you want?
Give us your car details: We'll need to verify the information before final approval.
- If you're buying from a dealer or auction, this would be a dealer’s tax invoice or contract of sale with the required information in the car purchase detail checklist (PDF 70KB).
- If you're buying from a private seller, you’ll need to provide the registration papers and complete the confirmation of car purchase (PDF 1MB) form.
We'll email you: To confirm if your application's been approved.
Review and accept contract: You can do this securely online. We'll then transfer the loan funds to the seller. If you've opted to borrow more than the value of your car, the remaining funds will be transferred to your nominated account.
Frequently asked questions
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 Hybrid 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.
If you send the following details to us while waiting for your car to be delivered, you can finalise your loan and start making repayments:
| Car dealer purchase | Private seller purchase |
|---|---|
Dealer invoice or contract of sale with the following information:
|
Car registration certificate or latest renewal notice with the following information:
|
| Note: Handwritten dealer invoices are acceptable provided no amendments have been made. | Note: Transfer of registration forms are not accepted. |
If you already have finance for your electric or hybrid car with Westpac or a different lender, you can apply to refinance with a Westpac Hybrid Car Loan if you and your car meet our eligibility criteria. If your car loan is with another lender, a statement from the lender on the amount you still owe is required.
Take a look at whether the car you want is on our list of eligible hybrid or electric cars. Vehicles which are electric and vehicles that are Plug in hybrids (PHEV) are eligible for our Electric Car Loan.
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.
^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.
- 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.)
#Prepayment fee: If you choose a term greater than 2 years for a Westpac Personal Loan, and pay it out in less than 2 years, there is a prepayment fee of $175. This fee is waived if you pay out your personal loan by re-financing to another Westpac personal loan.
**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).
##The lending establishment fee will be added to your loan amount. Please read full terms and conditions before making a decision to apply for a Westpac Personal Loan.
^^To qualify for a Car Loan, applicant must meet all credit criteria and the car offered as security must meet all criteria - either new or if used, cannot be older than 7 years at time of application, registered under the applicant's name, has been made locally or imported by the manufacturer, has never been written off (even if it was repaired), has a paid, fully comprehensive insurance policy with Westpac noted as the financier and is for personal use only. The loan amount may exceed the vehicle's market value, as reported by Redbook, to cover the purchase price of the vehicle and other expenses. If you're using a Westpac Car Loan to buy an electric or hybrid car, check our list of eligible vehicles (PDF 364KB).
Car Loan for eligible Electric engine types is subject to an interest rate discount of 0.5% p.a. applied at the time of application. Electric Car Loan interest rate, inclusive of 0.5% p.a. discount, is 5.99% p.a. (comparison rate 7.41% p.a.^)
Credit provided by Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.