Car loans
Secured car loans from banks and lenders, and the finance carmakers offer through their dealers, with comparison rates and fees.
204 car loans from 98 banks and lenders, read every night from what each one publishes under the Consumer Data Right.
Go to every car loanEvery institution's best rate, today
As published on 28 October 2026What are the lowest car loan rates today?
As of 28 October 2026, the lowest car loan rate from a bank or lender is 5.74%, from Westpac's Car Loan, while the typical best across 42 institutions is 6.99%. The lowest carmaker finance rate is 2.88%, from Angle Auto Finance's 2.88% G6 36 months Consumer Loan, while the typical best across 12 institutions is 4.99%.
Each institution counts once, at its best product anyone can apply for, so the typical figure is the middle one: half do better, half worse. Pick a rate to see every product behind it.
| Rate | Best anywhere | Typical institution |
|---|---|---|
| Car loan from a bank or lenderLowest advertised rate, fixed or variable | 5.74%Westpac's Car Loan | 6.99%of 42 institutions |
| Carmaker financeFrom a carmaker's finance arm, for its own vehicles, through its dealers | 2.88%Angle Auto Finance's 2.88% G6 36 months Consumer Loan | 4.99%of 12 institutions |
Car loans, lowest rate first
As of 28 October 2026, the lowest advertised car loan rate from banks and lenders open to anyone is 5.74% fixed, from Westpac's Car Loan, with a comparison rate of 7.16%.
| Product | Ratelowest first | Loan size | Upfront fee | Ongoing fee |
|---|---|---|---|---|
| Westpac Car Loan | 5.74%fixed for 7 years7.16% comparison | $10,000 to $130,000 | $250 | $15 a month |
| LCA Secured Variable Car Loan (Dealer) | 5.94%variable7.07% comparison | $10,000 to $150,000 | $400 | $8 a month |
| LCA Secured Variable Car Loan (Private Sale) | 5.94%variable7.22% comparison | $10,000 to $150,000 | $500 | $8 a month |
| MOVE Bank Move Car Loan | 6.09%fixed for 7 years | $10,000 to $150,000 | - | - |
| Macarthur Credit Union Ltd NEW CAR LOAN FIXED | 6.19%fixed for 7 years6.56% comparison | - | $10 | - |
| UniBank Fixed Rate Car Loan | 6.19%fixed for 3 years6.40% comparison | $10,000 to $80,000 | $150 | - |
| Woolworths Team Bank Electric Vehicle Loan | 6.19%variable6.63% comparison | - | $20 | - |
| Greater Bank New Car Loan | 6.24%fixed for 7 years6.63% comparison | $5,000 to $100,000 | $275 | - |
| IMB Bank New Car Loan | 6.24%fixed6.59% comparison | $2,000 to $125,000 | $250 | - |
| Queensland Country Bank Personal Loan-Secured New Car | 6.24%variable6.88% comparison | - | $150 | $5 a month |
| Bank Australia Fixed Car Loan | 6.29%fixed for 7 years6.29% comparison | From $1,000 | $150 | $0 a month |
| AMB Bank Product Car Loan | 6.35%fixed for 7 months7.27% comparison | $4,000 to $200,000 | - | $10 a month |
| Newcastle Permanent Secured Personal Loan & Car Loan | 6.49%fixed for 7 years6.84% comparison | $5,000 to $100,000 | $250 | - |
| Heritage Car Loan | 6.49%fixed for 1 year6.84% comparison | From $20,000 | $250 | $0 a month |
| Police Credit Union Limited The Best Car Loan | 6.49%fixed for 7 years6.90% comparison | - | $195 | - |
| SCCU MOTOR SCOUT NEW VEHICLE LOAN | 6.49%fixed for 3 years8.85% comparison | $20,000 to $150,000 | $250 | $8 a month |
| Woolworths Team Bank New Car Loan | 6.49%variable6.93% comparison | - | $20 | - |
| bcu New Car Loan | 6.74%variable7.05% comparison | $4,000 to $150,000 | $200 | - |
| Bank First Production New Car Loan Personal Lending 1-5 Years Fixed Unsecured | 6.79%fixed for 1 year7.06% comparison | From $10,000 | $195 | - |
| Bank First Production New Car Loan Personal Lending Variable Unsecured | 6.79%variable8.12% comparison | From $10,000 | $195 | - |
| Defence Bank Limited New Car Loan | 6.89%variable7.66% comparison | - | - | $10 a month |
| Defence Bank Limited Used Car Loan | 6.89%variable7.66% comparison | - | - | $10 a month |
| Orange Credit Union Ltd New Car Loan | 6.89%variable7.26% comparison | $5,000 to $120,000 | $265 | - |
| Police Credit Union Limited Low Rate Car Loan Special Offer - Variable | 6.98%variable7.39% comparison | - | $195 | - |
| Border Bank Driveaway Car Loan | 6.99%fixed for 7 years7.13% comparison | From $5,000 | $98 | - |
| Police Bank Driveaway Car Loan | 6.99%fixed for 7 years7.13% comparison | From $5,000 | $98 | - |
| Police Credit Union Limited Better Car Loan | 6.99%fixed for 7 years7.40% comparisonAlso 7.24% variable | - | $195 | - |
| Regional Australia Bank Accelerator Car Loan | 6.99%variable7.30% comparison | From $10,000 | $195 | $0 a month |
| Beyond Bank Australia Low Rate Car Loan Special | 7.04%fixed for 7 years8.05% comparison | $5,000 to $150,000 | $195 | - |
| Gateway Bank Car Loan | 7.04%variable7.25% comparison | $3,000 to $75,000 | $149 | - |
| Police Credit Union Limited Fixed Car Loan | 7.24%variable7.65% comparison | - | $195 | - |
| Qudos Bank Car Loan | 7.29%variable7.50% comparison | $10,000 to $150,000 | $150 | $0 a month |
| Transport Mutual Credit Union Ltd FASTROAD NEW CAR LOAN | 7.39%variable7.70% comparison | From $5,000 | - | - |
| The Capricornian Car & Motor Vehicle Loans | 7.43%variable7.78% comparison | - | $250 | - |
| LCA Secured Fixed Car Loan (Dealer) | 7.49%fixed for 7 years8.62% comparison | $10,000 to $150,000 | $400 | $8 a month |
| LCA Secured Fixed Car Loan (Private Sale) | 7.49%fixed for 7 years8.76% comparison | $10,000 to $150,000 | $500 | $8 a month |
| Summerland Car Loan | 7.49%variable8.15% comparison | $5,000 to $100,000 | $175 | $5 a month |
| NOW Finance Vehicle Loan | 7.59%fixed for 18 months8.43% comparison | $3,000 to $150,000 | $595 | $0 a month |
| Central West Credit Union Ltd Classic Car Loan - New Vehicle | 7.60%variable7.82% comparison | - | $150 | - |
| Central West Credit Union Ltd Classic Car Loan - Used Vehicle no more than 7 years old | 7.70%variable7.92% comparison | - | $150 | - |
| Northern Inland Credit Union Ltd. Brand New Vehicle Loan | 7.74%fixed for 5 years8.30% comparison | $5,000 to $150,000 | - | $8 a month |
| Bank First Production Used Car Loan Personal Lending 1-5 Years Fixed Unsecured | 7.79%fixed for 1 year9.13% comparison | From $5,000 | $195 | - |
| Woolworths Team Bank Used Car Loan | 7.94%variable8.39% comparison | - | $20 | - |
| Police Credit Union Limited Variable Car Loan | 7.98%variable8.40% comparison | - | $195 | - |
| Unity Bank Fixed Rate Car Loan P&I <5Y | 7.99%fixed for 2 years8.01% comparison | - | $200 | - |
| LCU New Wheels Car Loan | 8.05%variable8.33% comparison | $1,000 to $75,000 | - | - |
| RACQ Bank Fixed Rate Car Loan | 8.19%fixed for 7 years8.36% comparison | $3,000 to $100,000 | $120 | - |
| Horizon Bank Fixed Personal Car Loan | 8.24%fixed for 5 years8.46% comparison | - | $150 | - |
| Horizon Bank NEW/USED CAR TO 12MTHS | 8.24%variable8.46% comparison | - | - | - |
| SCCU EMONEY NEW VEHICLE LOAN | 8.24%fixed for 3 years9.15% comparison | $20,000 to $150,000 | $250 | $8 a month |
75 of 204 car loans match these filters. 25 with restricted eligibility (staff, profession, age, green or business-only) are hidden.
Published by each institution under the Consumer Data Right, last changed by them on 28 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.