WestpacCar Loan
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Personal loansBank updated 4 Nov 2026
At a glance
- Fixed
- 5.74%7.16% comparison
- Loan size
- $10,000 to $130,000
- Upfront fee
- $250
- Monthly fee
- $15
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 | 5.74% | 5.74%Westpac's Car Loan | 6.99%of 42 institutions | Lowest of 42 |
Rates
Every rate Westpac publishes for this personal loan, 6 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedThe rate displayed is for the EV New Car product. For information on the full rate range, please visit the Car Loan product page, contact us on 132 032 or visit your nearest branch. | P&I | 7 yrs fixed | - | 5.74% | 7.16% | - |
| FixedThe rate displayed is the minimum rate for the New Car product. For information on the full rate range, please visit the Car Loan product page, contact us on 132 032 or visit your nearest branch. | P&I | 7 yrs fixed | - | 6.49% | 7.90% | - |
| FixedThe rate displayed is the minimum rate for the New Hybrid Car product. For information on the full rate range, please visit the Car Loan product page, contact us on 132 032 or visit your nearest bran… | P&I | 7 yrs fixed | - | 6.49% | 7.90% | - |
| FixedThe rate displayed is the maximum rate for the EV New Car product. For information on the full rate range, please visit the Car Loan product page, contact us on 132 032 or visit your nearest branch. | P&I | 7 yrs fixed | - | 9.99% | 11.36% | - |
| FixedThe rate displayed is the maximum rate for the New Hybrid Car product. For information on the full rate range, please visit the Car Loan product page, contact us on 132 032 or visit your nearest bran… | P&I | 7 yrs fixed | - | 10.29% | 11.66% | - |
| FixedThe rate displayed is the maximum rate for the New Car product. For information on the full rate range, please visit the Car Loan product page, contact us on 132 032 or visit your nearest branch. | P&I | 7 yrs fixed | - | 12.99% | 14.34% | - |
Fees
5 fees published, grouped by when they're charged.
- When you take it out$250Lending Establishment Fee
- While you hold it$15 a monthLoan Account Fee
- When you close it or pay it off$175Prepayment Fee
When you take it out1
- Lending Establishment Fee$250
While you hold it1
- Loan Account Fee$15 a month
If a payment is late or fails1
- Missed Payment Fee
If applicable
$15 30 days after it's due
When particular things happen1
- Bank Cheque Fee$10
When you close it or pay it off1
- Prepayment Fee
Applies if you choose a term greater than 2 years and pay it out in less than 2 years. This fee is waived if you pay out your personal loan by refinancing to another Westpac personal loan
$175
Features
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- Budget friendly - You get a choice of 1-7 year loan terms to suit every budget. Your rate and repayments won't change for the full loan term.
- Borrow for the car you want - Apply for between $10,000 and $130,000, and choose a repayment schedule that works for you - weekly, fortnightly or monthly.
- Check your car loan rate before you apply - You could get a personalised rate in minutes with no impact on your credit score.
- Estimate your Car Loan repayments - Use our Car Loan calculator to see what your repayments could be, so you can plan with confidence before you apply.
- No balloon payment - Your loan is paid off in full at the end of the term, without any extra payments.
- Cover more than just the car - You may be able to borrow more than the car's RedBook price to help cover registration, insurance and other on?road costs.
- A preferential fixed rate is available for eligible electric and hybrid cars
Eligibility and limits
- Minimum age 18
- Residency: You're an Australian or New Zealand citizen or you have permanent residency in Australia and hold an acceptable visa
- Amount $10,000 to $130,000
- A non-resident or migrant and hold an acceptable visa. Must have at least 1 year before expiry.
- Receive a regular, verifiable Australian taxable income
- Have a fixed, verifiable residential Australian address
- Hold a current Australian driver licence or learner's permit
- Repayment terms for Car Loans, Electric Car Loans, and Hybrid Car Loans range up to a minimum of 1 year.
- Repayment terms for Car Loans, Electric Car Loans, and Hybrid Car Loans range up to a maximum of 7 years.
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Published by Westpac under the Consumer Data Right, last changed by them on 4 Nov 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.