Homepage Products & services Personal loans

Car loans.

First set of wheels or a bigger family car? A Westpac car loan can provide fast access to funds, a competitive rate and flexible repayment options.

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Benefits.

  • Get a decision fast, we’ll usually be in touch within 48 hours.
  • Apply to borrow up to $50,000 for a new or used car, or maybe more based on your circumstances. 
  • Our loans are unsecured, so you will not need to use your new car as a security.
  • Flexible repayment options include fortnightly and monthly repayments.
  • Standard loan terms from 6 months to 5 years.
  • No fee for additional repayments.
  • No early repayment penalty fee.

Interest rate.

Loan must be applied for and approved by 26 August 2021. Eligibility and lending criteria and T&Cs apply, see below¹.

Fees.

Fees are subject to change.

See what your repayments could be.

Use our calculator to get an idea of how much you can borrow, what your repayments would be and how long you would need to make them for. For example, if you borrow $10,000 over 3 years at 10.95% p.a.¹; with a monthly repayment of $331, the total amount you’d need to repay would be $11,895 (including a $100 establishment fee).
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Things you should know.

¹Loan must be applied for and approved by 26 August 2021. Includes increases to existing loans. The Standard personal loan interest rate is 13.90% p.a. Interest rate subject to change without notice.

Eligibility criteria, lending criteria, terms and conditions apply. An establishment fee of $100 may apply. You’ll need to be 18 or older and a New Zealand citizen or permanent resident. If you’re not a New Zealand citizen or permanent resident but you’re working in New Zealand, or you don’t meet the other criteria, we still may be able to help.

The Westpac personal loan interest rate (also known as the Annual Interest Rate) is a combination of a base rate and a margin. The Westpac standard personal loan interest rate of 13.90% p.a. is currently based on a Base rate of 14.00% less a margin of 0.10%. The Westpac special personal loan interest rate of 10.95% p.a. is currently based on a Base rate of 14.00% less a margin of 3.05%¹. Westpac may change the base rate or replace it with a new base rate from time to time.

Documents and fees.

Personal Loan Terms and Conditions

Sample of Personal Loan Summary

Transaction and Service Fees