Police Bank
Driveaway Car Loan
Whether you’re looking for a brand new or used car, or an environmentally friendly vehicle – our Car Loans fit the bill.
Personal loansBank updated 7 Sept 2026
At a glance
- Fixed
- 6.99% · 7.13% comparison
- Loan size
- $5,000 to no maximum
- Upfront fee
- $98
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedDriveaway Car Loan Fixed Rate - Fixed Rate Terms: 1-7 Years - L9-C3 | P&I | 7 yrs fixed | — | 6.99% | 7.13% | — |
§ 02 — Fees · 7
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Additional Statement Fee | Event | $5 | — | $5 for Archive Retrieval and $1.50 per page. Payable when you request an additional statement. |
| Arrears Letter Fee | Event | $6.50 | — | Payable when we send you an arrears letter asking you to remedy an arrears under a loan contract. |
| Default Notice Fee | Event | $21.50 | — | 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. |
| Late Payment Fee | Event | $10 | — | Charged where the whole or any part of your loan repayment remains unpaid after 14 days past the due date. Applies to all Police Bank loans and continuing credit accounts. |
| Overdrawn Account Fee | Event | $15 | — | 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… |
| Personal Loan Establishment fee | Upfront | $98 | — | Payable when your loan is funded |
| PPSR | Upfront | No fee | — | 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 |
§ 03 — Features
Redraw
- · Unlimited free additional repayments
- · Reduced Fees Program. Your Police 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
- · Confirmation Of Payee
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Be living in Australia as: an Australian citizen, permanent resident, or specified temporary Australian resident; New Zealand citizen; or be living and working overseas as an Australian citizen.
- · Amount $5,000 to no maximum
- · Be an existing member, or become a member of the Bank.
§ 06 — Run the numbers
Put this product through a calculator
Published by Police Bank under the Consumer Data Right, last changed by them on 7 Sept 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.