Bank Australia Car Loan – loan
Car loans up to $100 000
Loan amount
$1,000 – $100,000
Interest from
6.45%
Term
1 – 7 months
Approval
24 hours
Applying does not commit you to a contract.
Properties of this loan
- Car loans up to $100 000
- Term 1 - 7 years
Bank Australia is a customer-owned bank (mutual, not shareholder-owned) with a strong ethical and environmental focus, including a long-running conservation reserve funded partly by its lending activities. It operates mainly online and through a small number of branches.
The Bank Australia Car Loan is a secured, fixed-rate loan for new, demo or used vehicles (including dedicated discounted rates for electric and hybrid vehicles on some Bank Australia products), reflecting the bank's environmental focus.
✓ Pros
- Fixed repayments for the loan term
- Customer-owned bank with ethical lending policies
- Lower typical rate than unsecured borrowing because the car is security
- Potential discounted rates for low-emission vehicles on eligible products
✗ Cons
- Vehicle can be repossessed on default
- Fewer physical branches than a major bank
- Loan term should be matched to the vehicle's useful life
How to apply
- Complete our online application form
- Final review
- Loan approved
Loan requirements
- ✓ 18 years or older
- ✓ Australian citizen or permanent resident
- ✓ Regular income
- ✓ Vehicle details for security purposes (new, demo or used)
- ✓ Valid photo ID and proof of address
Frequently asked questions
24 hours
The minimum loan amount at Bank Australia Car Loan is $1,000.
About Bank Australia Limited
| Company | Bank Australia Limited |
|---|---|
| Address | Bank Australia, 222 High St, Kew VIC 3101 |
| Website | https://www.bankaust.com.au |