Great Southern BankSecured Fixed Car Loan
Whether you’re after a new or used car, a Secured Car Loan can give you the freedom to make extra repayments and pay it off sooner without being penalised - unlike some dealer finance.
At a glance
- Fixed
- 15.00%6.83% comparison
- Loan size
- $5,000 to $100,000
- Upfront fee
- $225
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 | 15.00% | 5.74%Westpac's Car Loan | 6.99%of 42 institutions | 42nd lowest of 42 |
Rates
Every rate Great Southern Bank publishes for this personal loan, 12 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| DiscountInterest rate is available for customers with Equifax score between 500-549 | P&I | - | - | 2.01% | - | - |
| DiscountInterest rate is available for customers with Equifax score between 550-599 | P&I | - | - | 3.01% | - | - |
| DiscountInterest rate is available for customers with Equifax score between 600-674 | P&I | - | - | 4.01% | - | - |
| DiscountInterest rate is available for customers with Equifax score between 675-799 | P&I | - | - | 5.31% | - | - |
| DiscountInterest rate is available for customers with Equifax score between 800-999 | P&I | - | - | 6.81% | - | - |
| DiscountInterest rate is available for customers with Equifax score between 1000-1200 | P&I | - | - | 8.31% | - | - |
| FixedInterest rate is available for customers with Equifax score between 1000-1200 | P&I | 7 yrs fixed | - | 15.00% | 6.83% | - |
| FixedInterest rate is available for customers with Equifax score between 500-549 | P&I | 7 yrs fixed | - | 15.00% | 13.14% | - |
| FixedInterest rate is available for customers with Equifax score between 550-599 | P&I | 7 yrs fixed | - | 15.00% | 12.14% | - |
| FixedInterest rate is available for customers with Equifax score between 600-674 | P&I | 7 yrs fixed | - | 15.00% | 11.14% | - |
| FixedInterest rate is available for customers with Equifax score between 675-799 | P&I | 7 yrs fixed | - | 15.00% | 9.83% | - |
| FixedInterest rate is available for customers with Equifax score between 800-999 | P&I | 7 yrs fixed | - | 15.00% | 8.33% | - |
Fees
8 fees published, grouped by when they're charged.
When you take it out2
- Establishment Fee
An establishment fee includes the cost of processing the application and the preparation of loan documentation.
$225capped at $225 - Security Admin Fee
Payable upfront when Great Southern Bank needs to register a financial interest in the vehicle that is being secured against the loan.
$100capped at $100
When particular things happen6
- Account Information Fee
Account informaton fee is payable when customer request the following: - An annual audit certificate on a Great Southern Bank account - A copy of a cheque or Visa voucher - Personal information, trac…
$20 - Arrears Letter Fee
Payable where Great Southern Bank sends you a letter in relation to arrears on your account.
$22 - Debt Collection Fee
Costs incurred in the recovery of outstanding debts vary depending on the nature of the default. These costs are applied by the Solicitors or independent contractors engaged to undertake action to re…
Varies - Default Notice Fee
Default notice fee is payable where Great Southern Bank sends you a default notice in relation to outstanding arrears on your account.
$33 - Substitute Security Variation Fee
Payable if you request, and we agree to re-arrange and/or substitute a security on a personal loan.
$100capped at $100 - Telegraphic transfer fee within Australia
Local telegraphic transfer to an account at a financial institution within Australia. Payable where you request a local telegraphic transfer to an account at a financial institution within Australia.
$35
Features
- Available for new and used vehicles up to 7 years old.
- Flexible repayment options - choose to make either monthly, fortnightly or weekly repayments to suit your income and budget.
- No penalties for early payout, pay off sooner without being charged a fee.
- $0 Monthly or annual fees.
Eligibility and limits
- Minimum age 18
- Residency: You must be an Australian citizen or Australian resident to hold an account with Great Southern Bank
- Available to individuals
- Amount $5,000 to $100,000
- Applications for Personal Loans are subject to credit approval.
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Published by Great Southern Bank under the Consumer Data Right, last changed by them on 16 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.