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Westpac Car Loan

Learn more about our discounted fixed rate for new customers!

Westpac Car Loan

Learn more about our discounted fixed rate for new customers!

Get your dream car sooner with a Westpac Car Loan.

  • Borrow between $10,000 and $100,000 for a new or used car, which is used as security for the loan
  • You could get a response in minutes if you apply over the phone, or within 48 business hours when you apply online
  • Protect yourself against changing interest rates with fixed minimum payments that won't change for the life of the loan
  • Choose the frequency of your repayments to suit when you get paid (weekly, fortnightly or monthly).
  • Loan terms of 1 to 7 years to suit you1.

Looking to purchase a used car? You could finance a car of any age or value by taking out an unsecured Flexi Loan, and since the loan is unsecured, there's less paperwork.

Westpac Car Loan

Details you need to know.

  • $250 establishment fee, added to your loan
  • $10 monthly service fee applies, other fees may apply
  • $175 prepayment fee applies if you choose a term greater than 2 years, and pay out the loan in less than 2 years. This fee is waived if you pay out your personal loan by refinancing to another Westpac personal loan.

For full details on fees and charges, visit westpac.com.au

Westpac Car Loan

Competitive car insurance with great features.

  • For peace of mind, you can choose between two levels of cover: Comprehensive Insurance or Third Party Property Damage and Bodily Injury cover
  • Choose between the market value and the agreed value
  • Lifetime guarantee on repairs
  • New car replacement within 2 years of original registration1
  • Emergency claims assistance, 24/7
  • Pay by the month at no extra premium.

Find out more

Westpac Car Loan

Am I eligible?

To be eligible to apply for this Westpac Car Loan, you must:

  • Be a permanent resident or citizen of Australian, aged 18 years or over, with a regular permanent income.

If you're unsure whether you meet the above criteria, you can call our Personal Lending Centre on 132 651132 651 to discuss.

What information do I need?

When completing the application, you will need to provide:

  • Your current Australian driver's licence details (if you have one).
  • Details of your current financial situation.
  • Your contact details including email address.

We may use the contact information that you give us to contact you to help you complete your application.

How can I apply?

Online - Apply online it usually takes about 10-15 minutes.

Over the phone by calling 132 651132 651 (8am-8pm, 7 days a week) from anywhere in Australia. We may give a response and a final decision as soon as we receive all required information.

Please note:

This loan must be mainly for personal use. To find out more about business loans, call Westpac Business on 1300 360 3221300 360 322 (8am – 8pm, Monday to Friday).

What happens next?

If you're approved, then:

Online applicants receive a reference number. Your contract documents and instructions will then be sent to your nominated email address or a Personal Loans specialist will contact you if further information is required. Once completed, funds are either credited directly to your account or sent to you by bank cheque.

Phone applicants discuss requirements with a Personal Loans specialist, provide documentation and confirmation as needed, and then nominate to receive document via email or post. Your contract documents and instructions will then be sent to your nominated email or postal address. Once completed, funds are either credited directly to your account or provided by a bank cheque.

You can easily check the status of your application by calling 132 651132 651 (8am-8pm, 7 days a week) from anywhere in Australia and speaking with one of our representatives.

Discounted fixed interest rate for new Car Loans approved by 31/5/15

8.49% p.a.

Comparison rate

9.54% p.a.^

Things you should know

 

Things you should know

Fees, charges and credit criteria apply. You can either purchase or refinance a new or used car, provided that the car has been imported to Australia by the manufacturer. Before making a decision, read the terms and conditions available on request.

^ The comparison rate of 9.54% p.a. is based on a secured Car Loan with a loan amount of $30,000 and a term of 5 years. WARNING: This 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.

1. Our car loans have a standard term of 1 to 7 years. If you choose a term greater than 2 years, 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.

1. If total loss.

Car Insurance is issued by AAI Limited ABN 48 005 297 807 trading as Vero Insurance and arranged by Westpac Banking Corporation ABN 33 007 457 141 (the Bank). The Bank does not guarantee the insurance. This information does not take into account your personal circumstances. Read the relevant Product Disclosure Statement to see if Westpac Car Insurance is right for you.

© 2015 Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.