Bank Australia
Fixed Car Loan
A range of car loans for electric vehicles (Evs) and used cars.
Personal loansBank updated 23 June 2026
At a glance
- Fixed
- 6.29% · 6.29% comparison
- Loan size
- $1,000 to no maximum
- Upfront fee
- $150
- Monthly fee
- $0
§ 01 — Rates · 2
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedApplicable to new or used electric vehicles | P&I | 7 yrs fixed | — | 6.29% | 6.29% | — |
| FixedApplicable to used combustion engine vehicles | P&I | 7 yrs fixed | — | 7.29% | 7.50% | — |
§ 02 — Fees · 4
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Early Repayment Fee | Event | No fee | — | — |
| Late Payment Fee | Late payment | No fee | — | — |
| Monthly fee | Periodic | No fee | Every 1 mo | There is no monthly fee |
| Establishment Fee - Personal Loan | Upfront | $150 | — | Personal Loan Establishment Fee waiver |
§ 03 — Features
RedrawExtra repaymentsDigital banking
- · Flexible Repayments: Make your loan repayments weekly, fortnightly or monthly
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: AU
- · Available to individuals
- · Amount $1,000 to no maximum
- · Applications for loans are subject to the Bank's lending criteria.
- · Maximum age of 7 years new Vehicle and 5 years for used vehicle
- · The vehicle must be road registered
- · The vehicle is required as security for the loan, and security interest noted on the Personal Property Securities Register (PPSR)
- · Maximum LVR of 100%
- · Lending for new vehicles (including ex-demonstrators with fewer than 1,000 km) is limited to Electric Vehicles (EVs). An EV is defined as a vehicle without an internal combustion engine (ICE).
§ 05 — Compare
§ 06 — Run the numbers
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Published by Bank Australia under the Consumer Data Right, last changed by them on 23 June 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.