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VICTORIA PUBLIC HOLIDAY FRIDAY 23 OCTOBER: Friday 23 October is a public holiday in Victoria. Our Victorian branches will be closed but our Contact Centre and branches in other states will remain open. If you need anything, please give us a call on 132 888 between 8am and 8pm AEDT. Stay safe and have a lovely weekend. View details


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
6.45% p.a.
Comparison Rate
6.66% p.a.*

effective 13 October 2020

More rates and fees
Total Lending Interest Rate Comparison Rate
Fixed 6.45% p.a. 6.66% 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 the same 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.


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

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.