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Effective from 5 December 2024, Bank Australia will change the name of the Premium Home Loan Package to Offset Home Loan. Read more about our home loans.
For new or used cars and motorbikes.
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We offer lower rates for low emission vehicles. And you can pay your loan off early at no cost to you.
Rest assured that we don't fund industries that do harm, like fossil fuels or animal exports.
Take control of your budget with the certainty of regular repayments.
Our Car Loan is for cars and motorbikes.
Is this product right for you? Find out more
We offset your car’s carbon emissions for the life of the loan. Find out how.
The interest rate is fixed for the life of the loan – there are never any repayment surprises.
Set up monthly, weekly or fortnightly repayments – whatever works for your budget cycle.
You can pay extra whenever you like without penalty. You can even pay your loan off early.
See what your repayments could be with our fixed rate Car Loan.
Buying a hybrid or electric vehicle? The LEV Car Loan is our way of saying thanks on behalf of the planet. We want to reward you for choosing an LEV (low emission vehicle) with a lower interest rate and no fees.
Here’s what to expect with our Car Loan:
It pays to know. Read the Product Disclosure Document and this fact sheet to help you decide if this loan is right for you. See all rates and fees.
GENERAL ADVICE
CAR LOAN
^Carbon emissions: We calculate emissions associated with each car loan based on average vehicle emissions figures and average mileage figures for Australian vehicles (sources: National Greenhouse Accounts Factors and Australian Bureau of Statistics). For each car loan, we use the average vehicle emissions factor multiplied by the share of the year that the car loan was active. To access this rate, we require a Goods Security Agreement on the car. The car must also be registered in the name of the borrower.
*Comparison rate: The Comparison Rate is based on a secured loan of $30,000 for 5 years. Additional fees and charges may be applicable. WARNING: This comparison rate is true only for the example given and may not include all fees and charges.
#Bank Australia Low Emission Vehicle criteria: Bank Australia may provide a Low Emission Vehicle (LEV) pricing benefit if the car is Pure Electric, Plug In Hybrid Electric, Regenerative Hybrid or the internal combustion engine produces less than 125 g / km Tailpipe C02 (g/km) as published by Green Vehicle Guide©.
© Commonwealth of Australia (Department of Infrastructure, Regional Development and Cities) 2018 Limited End-user licence provided by the Department of Infrastructure, Regional Development and Cities: You may print and reproduce views obtained from the Green Vehicle Guide data, retaining this notice, for your personal use only. The Department of Infrastructure, Regional Development and Cities gives no warranty regarding the Green Vehicle Guide data's accuracy, completeness, currency or suitability for any particular purpose.
