The Finance Algorithm
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Car Loan

Shopping for a used car or motorcycle less than 5 years old? Enjoy a great rate. If you’re buying a new or used fully electric vehicle (EV), we’ll also waive the establishment fee.

Personal loansBank updated 27 Feb 2026
Apply at Qudos Bank ↗Product page ↗Fees and pricing ↗Terms ↗

At a glance

Variable
7.29%7.50% comparison
Loan size
$10,000 to $150,000
Upfront fee
$150
Monthly fee
$0

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.

This personal loan: 7.29%Every other institution's lowest, 41 in all

Lowest advertised rate, fixed or variable. One dot per institution, at its lowest car loan rate from a bank or lender anyone can apply for; hover or tap a dot for its name.

RateThis personal loanBest anywhereTypical institutionWhere it sits
Car loan from a bank or lenderLowest advertised rate, fixed or variable7.29%5.74%Westpac's Car Loan6.99%of 42 institutions25th lowest of 42

Rates

The one rate Qudos Bank publishes for this personal loan.

TypeApplies toTermBandRateComparisonConditions
VariableP&I--7.29%7.50%-

Fees

4 fees published, grouped by when they're charged.

  1. When you take it out$150Establishment Fee
  2. While you hold itVaries2 fees, each listed below
  3. When you close it or pay it offNo feeEarly Repayment Fee

When you take it out1

  • Establishment Fee

    Car Loan Establishment Fee waiver

    $150

While you hold it2

  • Account Keeping Fee
    No fee
  • Monthly Fee
    No fee

When you close it or pay it off1

  • Early Repayment Fee
    No fee

Features

  • Repayment options of weekly, fortnightly, or monthly

Eligibility and limits

  • Minimum age 18
  • Residency: Customers who are Permanent Resident or Citizens may apply for the product
  • Employment: Full time, Part Time, Casual, Self Employed
  • Available to individuals
  • Amount $10,000 to $150,000
  • 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).
  • Vehicle must be less than 5 years old
  • Electric vehicles or used vehicles only

Published by Qudos Bank under the Consumer Data Right, last changed by them on 27 Feb 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.