We do car loans the planet-friendlier way at Bank Australia by offsetting your estimated emissions for the life of the loan. And you can pay it off early at no cost to you.
Category: Personal Loans Last Updated September 19, 2024 Effective December 18, 2024
General Lending Rates
Rates listed below are for a FIXED product. Additional Information Applicable to New or used Vehicle with low emission
Interest Rate 6.95% PA
Comparison Rate 6.95%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
, FIXED, 8.95%
Lending Rate Type: Fixed
Interest Rate: 8.95%, Comparison Rate 9.16%
Repayment Type:
Loan Purpose:
, FIXED, 6.95%
Lending Rate Type: Fixed
Interest Rate: 6.95%, Comparison Rate 6.95%
Repayment Type:
Loan Purpose:
Product Features
Digital BankingAdditional Information: You can self-serve your day-to-day banking needs via Bank Australia's App or Internet Banking.
Extra RepaymentsAdditional Information: Additional repayments are available
OtherAdditional Information: Flexible Repayments: Make your loan repayments weekly, fortnightly or monthly
RedrawAdditional Information: Redraw Is not available on car loans
Product Eligibility
Min Age - 18. Additional Information: Individuals (natural persons) must have the legal capacity to enter into the loan contract, provide acceptable identification documentation and be 18 years or older.
Natural PersonAdditional Information: Individuals only: Not available for non-personal borrowers.
OtherAdditional Information: Applications for loans are subject to the Bank's lending criteria.
OtherAdditional Information: Maximum age of 7 years new Vehicle and 5 years for used vehicle
OtherAdditional Information: The vehicle must be road registered
OtherAdditional Information: The vehicle is required as security for the loan, and security interest noted on the Personal Property Securities Register (PPSR)
OtherAdditional Information: Maximum LVR of 100%
Residency Status - Au. Additional Information: Australian citizen or permanent resident of Australia
Bank Fees and Charges
Car Loan Establishment Fee (Upfront), Amount: 150.00. Additional Information: Payable to establish all car loans
Early Repayment Fee (Exit), Amount: 0.00. Additional Information: There is no early repayment fee
Monthly Fee (Periodic), Amount: 0.00. Additional Information: There is no monthly fee
Late Payment Fee (Payment), Amount: 0.00. Additional Information: There is no late payment fee
Limitations & Restrictions (Constraints)
Min Limit of 1000.00 Additional Information: Minimum loan amount $1,000