Westpac
Car Loan
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Personal loansBank updated 21 Aug 2026
At a glance
- Fixed
- 5.74% · 7.16% comparison
- Loan size
- $10,000 to $130,000
- Upfront fee
- $250
- Monthly fee
- $15
§ 01 — Rates · 5
| 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 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% | — |
§ 02 — Fees · 5
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Bank Cheque Fee | Event | $10 | — | — |
| Prepayment Fee | Exit | $175 | — | 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 |
| Missed Payment Fee | Late payment | $15 | — | — |
| Loan Account Fee | Periodic | $15 | Every 1 mo | — |
| Lending Establishment Fee | Upfront | $250 | — | — |
§ 03 — Features
Extra repaymentsDigital bankingFraud protectionRelationship manager
- · Get up to $130,000 - Choose how much you want to borrow, from $10,000 to $130,000. Then decide between weekly, fortnightly, or monthly repayments.. (conditions apply)
- · 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.
- · 5-minute quote - You'll get your personalised rate in minutes with no impact on your credit score. So, you can start planning your purchase sooner.
- · Speedy funding - Once your loan?s approved, customers with an existing Westpac transaction account can access funds within an hour of contract acceptance.
- · Get a personalised rate - We'll show you your Personal Loan personalised rate and repayment estimate based on your credit score and the loan details you give us. It only takes a few steps, and it won…
- · A preferential fixed rate is available for�eligible electric and hybrid cars
§ 04 — Eligibility & 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.
- · Have a fixed, Australian address
- · You have a fixed, verifiable residential address in Australia.
- · Hold a current Australian driver's 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.
§ 06 — Run the numbers
Put this product through a calculator
Published by Westpac under the Consumer Data Right, last changed by them on 21 Aug 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.