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Used Car Loan

Get on the road sooner with low rates and no ongoing fees

6.79 % p.a.

Promotional variable interest rate2

8.12 % p.a.

Promotional comparison rate1

6.79 % p.a.

Promotional variable interest rate2

8.12 % p.a.

Promotional comparison rate1

Our used car loans can help finance your second-hand vehicle, with flexible repayments options to suit your needs.

Car Loan - Outstanding Value Award

The details:

  • Vehicles must be less than 12 years old

  • Free redraw (min $500)

  • Flexible repayment options

  • Loans from $5000 for up to 7 years

Rates & fees

  • Rates
    Variable
    Variable
    Interest
    rate (p.a)
    Comparison
    rate (p.a)
    Promotional
    Interest rate (p.a)

    6.79%2

    Comparison rate (p.a)

    8.12%1

    Standard
    Interest rate (p.a)

    9.79%

    Comparison rate (p.a)

    11.15%3

    Fixed
    Fixed
    Promotional interest
    rate (p.a)2
    Promotional comparison
    rate (p.a)1
    Interest
    rate (p.a)
    Comparison
    rate (p.a)3
    1 Year
    Promotional interest rate (p.a)2

    6.79%

    Promotional comparison rate (p.a)1

    9.44%

    Interest rate (p.a)

    9.79%

    Comparison rate (p.a)3

    11.15%

    2 Year
    Promotional interest rate (p.a)2

    6.79%

    Promotional comparison rate (p.a)1

    8.46%

    Interest rate (p.a)

    9.79%

    Comparison rate (p.a)3

    11.15%

    3 Year
    Promotional interest rate (p.a)2

    6.79%

    Promotional comparison rate (p.a)1

    8.12%

    Interest rate (p.a)

    9.79%

    Comparison rate (p.a)3

    11.15%

    4 Year
    Promotional interest rate (p.a)2

    6.79%

    Promotional comparison rate (p.a)1

    8.12%

    Interest rate (p.a)

    9.79%

    Comparison rate (p.a)3

    11.15%

    5 Year
    Promotional interest rate (p.a)2

    6.79%

    Promotional comparison rate (p.a)1

    8.12%

    Interest rate (p.a)

    9.79%

    Comparison rate (p.a)3

    11.15%

  • Fees
    One-off fees
    One-off fees
    Amount
    Application fee
    Amount

    $0

    Establishment fee
    Amount

    $195

    Redraw fee
    Amount

    $0

    Ongoing fees
    Ongoing fees
    Amount
    Annual fee
    Amount

    $0

Car Loan

Enquire Now

Leave your details below and one of our consultants will be in touch.

  • More Info

    Interest
    Interest calculated daily and charged monthly in arrears

    Repayments
    Principal and interest repayments. 

    Loan Repayment Insurance
    Talk to us about optional Loan Repayment Insurance when you apply.6

    Security
    We require a Goods Security Agreement on the motor vehicle for all Car Loans. Your motor vehicle must also be registered in the name of the borrower.

    For more details on transaction fees and tips on how to transact fee-free visit our Transaction Fees page or refer to Terms and Conditions Part B - Fees and Charges


Important Information
Car Loan Interest Rates effective 1 December 2020.
Interest is calculated daily. Interest rates are per annum, current at the time of publication and are subject to change without notice.
Canstar Award 2018.
1. Comparison rate calculated on a secured loan amount of $10,000 for a term of 3 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different comparison rate. Fees and charges apply. Terms and Conditions available upon request.
2. Promotional interest rates available for car loan applications received by 30 June 2021 and funded by 31 July 2021. The 3% discount is off the standard car loan rate. We reserve the right to amend or withdraw these offers at any time.
3. Comparison rate calculated on a secured loan amount of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different comparison rate. Fees and charges apply. Terms and Conditions available upon request.
4. Only payable if loan is funded.
5. This insurance product is issued by Insurance Australia Limited ABN 11 000 016 722, AFSL 227 681 trading as CGU Insurance. This is general information only and may not suit your particular circumstances. Before making decisions about insurance products you should consider the appropriateness of the information having regard to your circumstances and the Product Disclosure Statement available by calling 1800CGU CCI (1800 248 224).