Westpac - Car Loan
Secured | Fixed | New or used car
The Car Loan from Westpac offers advertised interest rates from 6.49% p.a. and a borrowing range of between $10,000 and $130,000. The Westpac Car Loan is a Fixed rate, Secured loan with repayment terms of between 1 and 7 years. Comparison rates for this product starts from 7.90% p.a..
More Westpac Car Loan details can be found below or visit Westpac to learn more or apply.
A loan with a loan type of Secured with an advertised rate of 6.49% p.a. and comparison rate of 7.90% p.a.
Interest Rate (p.a.)
6.49%
to 12.99%
to 12.99%
Comp. Rate (p.a.)
7.90%
to 14.34%
to 14.34%
Loan Term
1 to 7 year
Borrowing Range
$10,000 to $130,000
Interest
Rate Type
Fixed
Interest Rate (p.a.)
6.49%
to 12.99%
to 12.99%
Comp. Rate (p.a.)
7.90%
to 14.34%
to 14.34%
Application Frequency
Monthly
Calculation Frequency
Daily
Interest Rate
5.25% AER Fixed
for 2 years
__(Inc. 1.25% bonus for 12 months)__
__(Inc. 1.25% bonus for 12 months)__
Loan Security
Loan Security
Secured
Secured By
Vehicle
Loan Terms
Loan Term
1 to 7
year
Borrowing Range
$10,000 to $130,000
Repayment
Weekly, Monthly, Fortnightly
Features
Extra Repayments Allowed
Yes
Fees
Application Fee
$250
one off
Loan Service Fee
$15
per month
Early Repayment Fee
$175
per event
Late Payment Fee
$15
per event
Who is the product designed for?
The customer of the target market are likely to have the following objectives, needs and financial situation for this product:
Objectives, needs and financial situation
- Need a personal loan for purchasing or refinancing a car that is used as security for the loan. The loan amount may exceed the car's market value to cover the purchase price of the car and any other expenses
- Need interest rate and/or repayment stability during the life of the loan
- Want certainty of the end date of the loan
- Want a loan amount of a minimum $10,000 up to a maximum of $130,000
- May want flexible repayment options
- Are able to meet repayment obligations
- Have an ongoing need for a revolving line of credit
- Want a loan for which the main purpose is not car purchase or car refinance (with the car as security for the loan)
- Want a redraw facility
- Want a variable rate that could change over the life of the loan
Visit Westpac to view Target Market Determination Effective From: 2025-12-06.
A company registered in England and Wales. Registered number: 12719978.
- ADDRESS
- SAVRR Group Ltd,
- Exchange Street Buildings,
- 35-37 Exchange Street,
- Norwich,
- NR2 1DP.
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