Skip to main content Skip to main navigation
Skip to accessibility page Skip to search input

Westpac Car Loan offer

If you’re looking for a new ride, an upgraded model or your dream car – we’d like to help you get there.

1% p.a. discount 1

off the current advertised rate of 8.49% p.a., bringing the rate to 7.49% p.a.

(comparison rate 8.33% p.a.2


$0 establishment fee 1

Saving you $250

Offer valid until 30 August 2018. Terms and conditions apply.

Why choose a Westpac Car Loan?

  • Offer your car as security to get a competitive rate, lock in lower repayments and pay less overall than you could for an unsecured personal loan.
  • Borrow between $10,000 and $100,000 for a new or used car (conditions apply).
  • 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.
  • Set a loan term that works for you from 1 to 7 years.
  • Know what you could spend before you set foot in a dealership with conditional approval. 3
  • Apply in your own time, anytime, on any device. Start and complete an application in less than 10 minutes or save and return to it within 14 days. 5

Benefits of applying online

Find and value your car

Once approved, use our car search tool to get an indicative cost of the car you want.5

No need to visit a branch

Manage the whole process online from start to finish if you’re set up for internet banking.5

Pay the seller how you like

You can choose to pay straight away or later on, with an electronic transfer or bank cheque.5


When your car loan is approved, you’ll need to provide details of the comprehensive insurance (including third party) issued before the loan funds are made available.

Westpac Car Insurance

There is no obligation to choose Westpac Car Insurance.  If you would like to decide whether Westpac Car Insurance is right for you, visit the car insurance page for more information or call 1800 502 077.

Westpac Motor Insurance Product Disclosure Statement (PDS) (PDF 738KB)

Westpac Motor Insurance is issued by Allianz Australia Insurance Limited ABN 15 000 122 850 (Allianz). Westpac Banking Corporation ABN 33 007 457 141 distributes the insurance, but does not guarantee the insurance. This information does not take into account your personal circumstances. Read the Product Disclosure Statement to see if this insurance is right for you. Call 1800 502 077 or visit the car insurance page for more information.

© Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714

What happens if you suddenly lose your job or become unfit for work through illness or injury?

Financial commitments continue even if your income doesn’t. That’s where Westpac Personal Loan Protection4 can help. Depending on individual circumstances, it can cover personal loan repayments until you recover and get back to work. It also helps cover repayments in the event of your death.

  • Premiums are included as part of the amount you borrow and so are covered in your car loan repayments.
  • Loan protection insurance can easily be included during your car loan application.

Purchase or refinance a used car

  • The vehicle must have been made in Australia or imported by the manufacturer, and be less than 7 years old at the time of application

Westpac Car Loan - eligibility

Applicants must:

  • Be aged 18 years or over
  • Have regular verifiable income
  • Be a permanent resident of Australia or,
  • Hold an acceptable visa (PDF 181KB) and have confirmed employment in Australia if they are a non-resident.


This loan must be mainly for personal use.

What information do I need to provide?

Please review ourIdentification Checklist for Individual Customers (PDF 768KB) before applying.

You will need to provide details of your current financial situation. This will include your:

  • Current employer’s name, address and main switchboard number
  • Recent tax information, if you're self-employed
  • Weekly after-tax income for each person applying for the loan
  • Asset, savings and investment details plus amounts owing on credit cards, store cards etc.
  • Details of other expenses.


We may contact you using the details you provide to help you complete your application. If you’re already a Westpac customer, check that the details we have on record are up to date before proceeding.

Ways to apply?

  • Online - To be eligible for this offer, apply via the application button on this page. You can use any device and return to complete your application within 14 days.
  • Over the phone - For queries please call the dedicated Workplace Banking Phoneline on 1300 361 159 (7.30am - 6pm AEST).

What happens after you’ve applied?

  1.  We’ll let you know if you’re conditionally approved within 60 seconds.  We may need to contact you if we require further information.
  2.  You then have 30 days to find your ideal car.
  3.  Once you've found it, you will need to send us either the car dealer's invoice or registration papers.
  4.  We'll then email you a link to the contract.5
  5.  Finally, accept the contract online for a single application5 or head into a branch with proof of full comprehensive insurance to sign the contract in person
  6.  We'll send the electronic funds transfer to the accounts you’ve specified5 or issue you a bank cheque you can use to pay the dealer or seller of your new car.

Things you should know

Personal Loan Contract Terms and Conditions (PDF 128KB)

Online Banking Terms and Conditions (PDF 288KB)

Credit criteria, fees, charges, terms and conditions apply.
Normal lending criteria and car security guidelines need to be met for loan approval.

1. 1% p.a. discount + $0 Establishment fee waiver offer: Information current as at 1 June 2018. The offer is only open to Westpac Workplace Banking customers who complete application and is approved for a new Westpac Car Loan by 30 August 2018 via the 'Apply Online' application button on this page. Eligible customers will receive a special rate of 7.49% p.a. (comparison rate 8.33% p.a.) on the Westpac Car Loan, which represents a 1% discount on the current advertised rate of 8.49% p.a., plus an establishment fee waiver, saving $250. Offer is open to single applications only. Joint applications are excluded from this offer. This offer cannot be used in conjunction with any other offer and may be varied or withdrawn at any time. All other fees outlined on the product page and in the terms and conditions apply. Interest rates are subject to change.

2. The comparison rate is based on a secured loan of $30,000 over the term of 5 years. WARNING: The comparison rate applies only to the example or examples given. Different 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.

3. Conditional approval is valid for 30 days based on the understanding that the information you have provided is correct and there will be no significant changes to your financial situation. Before final approval, we will ask you for further details, including information about the car being offered as security. Please note that conditional approval is not a loan offer or formal approval. If your circumstances change, please contact us on 132 032 to discuss your application.

Whether purchasing new or refinancing a used car, the vehicle has to have been imported to Australia by the manufacturer, and all the lending criteria met.

More about Westpac Insurance
Conditions, limits and exclusions apply. These are explained in the policy wording Personal Loan Protection Product Disclosure Statement (PDF 204KB). Please read the detail before deciding.

4. Personal Loan Protection is issued by the insurers who are Westpac General Insurance Limited ABN 99 003 719 319 (WGIL) and Westpac Life Insurance Services Limited ABN 31 003 149 157 (WLIS) each of which is liable for separate risks under the terms of the policy. This insurance product is distributed by Westpac Banking Corporation ABN 33 007 457 141 (the Bank). The policy is not an investment in or deposit with the Bank. No Westpac Group company (other than the Bank as policy distributor and WGIL and WLIS as the product issuers) has any liability in connection with the policy or this document. The Bank does not guarantee payments under the policy. This information does not take into account your financial needs, individual circumstances or objectives. Read the product (PDF 288KB) terms and conditions before making a decision and consider whether the product is appropriate for you. 

5.  Single applicants only – this feature is not currently available on joint applications.