Border BankDriveaway Car Loan
Whether you’re looking for a brand new or used car, or an environmentally friendly vehicle – a Border Bank Car Loan fits the bill.
At a glance
- Fixed
- 6.99%7.13% comparison
- Loan size
- $5,000 to no maximum
- Upfront fee
- $98
How it compares
This personal loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
| Rate | This personal loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Car loan from a bank or lenderLowest advertised rate, fixed or variable | 6.99% | 5.74%Westpac's Car Loan | 6.99%of 42 institutions | 20th lowest of 42, level with 2 others |
Rates
The one rate Border Bank publishes for this personal loan.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedFixed Rate Terms: 1-7 Years | P&I | 7 yrs fixed | - | 6.99% | 7.13% | - |
Fees
7 fees published, grouped by when they're charged.
When you take it out2
- Personal Loan Establishment fee
Payable when your loan is funded
$98 - PPSR
At Cost. Certain loans will require us to use the services of PPSR. If we do so, the following may be payable: • PPSR Registration Fee • PPSR Financier Interest Enquiry • PPSR Variation of Interest
No fee
When particular things happen5
- Additional Statement Fee
$5 for Archive Retrieval and $1.50 per page. Payable when you request an additional statement.
$5 - Arrears Letter Fee
Payable when we send you an arrears letter asking you to remedy an arrears under a loan contract.
$6.50 - Default Notice Fee
Payable when we send you a default notice under a loan contract when an arrears remains unremedied after we have sent you an arrears letter.
$21.50 - Late Payment Fee
Charged where the whole or any part of your loan repayment remains unpaid after 14 days past the due date. Applies to all Border Bank loans and continuing credit accounts.
$10 - Overdrawn Account Fee
Payable when you exceed your credit limit by $75 or more within a calendar month. Interest will also be charged on any amount overdrawn in excess of the approved credit limit at the then current annu…
$15
Features
- Unlimited free additional repayments
- Reduced Fees Program. Your Border Bank Personal Loan may contribute to our Reduced Fees Program, helping to reduce (or eliminate) fees – save on ATM and EFTPOS transactions (as well as qualify for fe…
- No Monthly Account Keeping Fees
- Direct Credits. Set regular payments like your pay sent straight to your account
- Direct Debits. Set up Direct Debits from this account
- ATM withdrawals. up to $1000
- Periodical Payments. Can set up Periodical Payments
- Bank@Post. Withdraw cash at any participating Australia Post outlets with Bank@POST™
- Verified by Visa. Verified by Visa is a service designed to ensure you are protected while shopping online with your Visa card. As you make a purchase online, Border Bank assesses the risk of the tra…
- Visa PayWave. Our Debit Card is issued with the Visa PayWave ‘contactless’ payment feature. This allows you to pay for purchases under $100 without swiping, signing, or entering a PIN at participatin…
- Visa Preferred Rewards. Our Visa Card provides access to the Visa Entertainment program. This gives you the opportunity to purchase unique deals including preferred seating at special events, discoun…
- Confirmation Of Payee
Eligibility and limits
- Minimum age 18
- Residency: Australian Citizens
- Amount from $5,000, no maximum
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Published by Border Bank under the Consumer Data Right, last changed by them on 28 Aug 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.