PowerTorque FinancePersonal Car Loan
For most of us, buying a car is the second biggest purchase we’ll make. So why pay the full cost upfront? Our Personal Car Loan provides flexible payment options, so you can get into the driver’s seat of the car you want sooner!
At a glance
- Pricing
- Rates on application
- Loan size
- $5,000 to no maximum
- Upfront fee
- $395
- Monthly fee
- $8
Fees
11 fees published, grouped by when they're charged.
- When you take it outUp to $912.253 fees, each listed below
- While you hold it$8 a monthAccount Administration Fee
- When you close it or pay it offVariesEarly Termination Fee
When you take it out3
- Dealer Agency Fee
This fee covers the dealership’s cost of preparing your finance application on PowerTorque Finance’s behalf. The Finance and Insurance Manager is responsible for explaining the different types of fin…
$912.25 - Establishment Fee
The cost to set-up your approved loan is payable upon loan settlement and can be included within the amount financed. This is referred to in your contract as your Loan Account Establishment Fee.
$395 - Vehicle Security Registration Fee
The cost of registering PowerTorque Finance’s security interest on your vehicle on the Australian Government’s Personal Property Securities Register. This is a national online register to help protec…
$6
While you hold it1
- Account Administration Fee
A monthly fee for the management of your loan account.
$8 a month
When you make a transaction2
- Payment Method Fee – Other (includes BillPay, Cheque or Direct Deposit)
This fee applies when a payment is made by BillPay, cheque, or direct deposit.You can avoid this fee by setting up a Direct Debit at the start of your loan, so you don’t pay fees on your regular repa…
$3 - Payment Method Fee- BPay
This fee applies when a payment is made by BPay.You can avoid this fee by setting up a Direct Debit at the start of your loan, so you don’t pay fees on your regular repayments.
$1.50
If a payment is late or fails2
- Payment Dishonour Fee
This fee applies if your Direct Debit or Cheque payment is dishonoured. You can avoid this fee by checking that your account has sufficient funds when payments are due to be debited.
$3.25 - Late Payment Fee
This fee applies if you’re late or miss a repayment, and your account goes into arrears. PowerTorque Finance will contact you about the overdue amount, and this is mentioned in your loan contract as…
$25 30 days after it's due
When particular things happen2
- Account Payment Card Fee
This fee applies for replacement; supplementary; or new payment cards when you switch from Direct Debit to another payment method after the loan start date. You can avoid this fee by setting up a Dir…
$5 - Information Request Fee
This fee applies if you request contract documentation from PowerTorque Finance. You can avoid this fee by login into your PowerTorque Finance Account where you can view, download, and print your loa…
$25
When you close it or pay it off1
- Early Termination Fee
This fee applies if your loan is repaid before its scheduled end date. Customers can find information about this fee on their Loan Schedule. Customers can also request an Early Termination Quote to h…
Varies
Features
- Make weekly, fortnightly, or monthly payments – whatever works best for you.
- Tailor the length of your car loan to suit you
- A balloon is a final lump sum payment at the end of your car loan which may reduce your repayments over the life of your loan
Eligibility and limits
- Minimum age 18
- Amount from $5,000, no maximum
- Minimum loan term 12 months
- Maximum loan term 84 months
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Published by PowerTorque Finance under the Consumer Data Right, last changed by them on 7 July 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.