Skip to main content

Branch closure - Sydney, New South Wales and Melbourne CBD, Victoria. Following the Government’s announcement of stay-at-home restrictions, we've decided to temporarily close our Sydney CBD branch and Melbourne CBD branch. We’ve made this decision to limit the potential risks to our customers and staff and to support the efforts to limit the spread of COVID-19 in the areas under stay-at-home restrictions. While the branches are closed, we’ll be able to help you over the phone on 132 888 Monday to Friday 8am-8pm and Saturday 9am – 2pm AEST. View details


Changes to personal lending applications from Monday 16 August

Personal lending applications for Bank Australia customers.

Bank Australia customers can now apply for personal loans and credit through their internet bankingTo apply, log in to internet banking, click the ‘apply’ tab and choose the product you’re looking for. We'll be in touch to organise your application.

Due to high demand, we’re unable to take your application by phone right now. If you need help, call our lending team on 132 888 and follow the prompts.
Not a Bank Australia customer? We’ll be able to help you soon.

Due to high volume of home loans, personal loan and credit card applications, we’re not accepting new applications from people who aren’t already a customer of ours.

We’re in the process of scaling up to meet this demand so we can resume online applications as soon as possible. We’ll keep you up to date on when applications will resume. 

Access a great low fixed interest rate by using your car to secure the loan. We offset the carbon emissions of your car for the life of the loan.^

Interest rate from
6.45% p.a.
Comparison Rate
6.66% p.a.*

effective 7 October 2021

More rates and fees
Total Lending Interest Rate Comparison Rate
New Car Fixed rate 6.45% p.a. 6.66% p.a.*
Used Car Fixed rate 8.95% p.a. 9.16% p.a.*
Low Emission Vehicle Fixed rate^ 5.45% p.a. 5.45% p.a.*
Fees and Charges
Establishment fee $150^
Monthly fee $0
Application fee $0
Late payment fee $0

The bank with clean money is the Bank Australia needs.

What does your bank invest in?

 If the answer includes fossil fuels, weapons, tobacco or gambling, it's likely that the interest you're paying on your car loan is supporting these industries.


 Divestment makes a difference

Joining a bank that doesn't fund harmful industries, such as fossil fuels, is a tangible step towards a more sustainable future.

You can help make a positive impact

By moving your banking to Bank Australia, you are ensuring your money isn’t supporting the fossil fuel industry or industries that harm people and the planet. 

Why choose our Car Loan?

Carbon emission offset

Our secured car loan offsets your car’s carbon emissions for the life of the loan^.

More certainty

The interest rate on our car loans is fixed for the life of the loan, giving you more certainty about your repayments.

Available to new and used cars

You can access a competitive low rate for either new cars or used cars (up to 7 years of age).

Flexible payments

Option to make weekly, fortnightly and monthly repayment. No loan administration or late payment fees.

Pay off your loan sooner fee free

We don't limit your ability to make extra repayments, and what's more there are no fees for early payment.


Fixed Rate New Car Loan calculator

Calculate your car loan repayments for different amounts, terms and interest rates.

Who can apply?

New and existing Bank Australia customers

You must be:

  • 18 years or older
  • A permanent resident of Australia or hold a relevant work visa
  • Not currently bankrupt
  • Employed, or a self-funded retiree
  • Looking to borrow $1,000 or more

Is this product right for you?

This product is covered by a Target market determination (TMD). A Target Market Determination (TMD) is a document which describes who a product is intended to be appropriate for based on a consumer’s needs, financial situation and objectives (target market).

Find out more

A car loan to suit your needs

Explore our resources to help plan your car loan.

What will your car loan repayments be?

Calculate your car loan repayments for different amounts and terms using our personal loan repayment calculator.

Find out more

Own a Low Emission Vehicle#?

Vehicles that meet LEV# criteria are eligible to have the $150 establishment fee waived and an interest rate discount applied.

Find out more

Things you need to know

  • Information provided is general in nature only. Any information and advice does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you and seek any third party advice you need.
  • All applications are subject to a credit assessment and approval.
  • All applicable terms and conditions will be included in our loan offer.
  • Additional fees and charges may be payable – all relevant details will be included in our loan offer.
  • Information and interest rates are current as at the date of publication and are subject to change at any time, at the discretion of Bank Australia Limited.

^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.