Car Loans

Whether you want to buy your first car, invest in a vehicle for the whole family or secure your dream ride, we want to help you get just what you want. Financing your new car is simple and easy with a Westpac Car Loan, which offers flexible terms and a tailored interest rate that suits you.  You could also enjoy the freedom of your loan being unsecured, which means there’s no need to use your new vehicle as security.

By choosing a Westpac Car Loan, you could get finance for both new and used cars, and get a quick response which won’t leave you or the seller hanging.  If your loan is approved you will have the bargaining power of a cash buyer, which is always handy when trying to get a good deal. 

Benefits at a glance

  • competitive variable interest rates from 13.95% to 18.95% p.a*
  • flexible loan payment options – no penalty for paying it off early
  • if approved, your loan could be in your Westpac account the following day
  • get what you need now and pay us back later - our loan terms are from two months to five years (or up to 10 years depending on your circumstances)
  • can apply to top up your loan at any time
  • borrow up to $50,000 unsecured (or maybe more depending on your circumstances)
  • have a set date when you could be debt free

Repayments and fees

Personal loans - Fees
Fee typeFee amount
Establishment and documentation fee
$100 per loan
Loan payment failed fee
$10 per time

Check how much your repayments could be

Use our repayments calculator to see how much you could borrow for your new boat and how much your repayments could be.

Personal loan calculator

What could a Car Loan cost?

Before you invest in a new car, you need to make sure that the repayments are affordable and will work well with your budget and current financial situation.  Find out how much you could borrow with our loan calculator to finance your vehicle.  

A Westpac Personal Loan of $10,000 over 3 years at 13.95% p.a. would equate to a total amount payable of $12,418 (including a $100 establishment fee).

Overdue payments

For any overdue balance, you will be charged an additional 5% p.a. in default interest until this balance has been paid off.