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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. 

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. 

Our LEV Car Loan

Electric, hybrid, green - all words we want to hear when our customers decide to purchase a new car.

It's a big decision, for you and for our planet. In 2016, cars and commercial vehicles contributed over 11% of all greenhouse gas emissions produced in Australia1.

We want to support you and your car to get that figure down. One key way we can do that is by helping you purchase a low emission vehicle like an electric or hybrid car.

Our LEV Car Loan is designed especially for low emission vehicles like a Tesla, Nissan Leaf or Hyundai Ioniq.

It means you get a full 1% off our normal car loan interest rate (that's a good thing) making it more affordable for you to make a clean, green decision.


LEV Car Loan calculator

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

Why choose our LEV Car Loan?


Car Loan offer for low emission vehicles

Vehicles that meet Bank Australia Low Emission Vehicle# (LEV) criteria are eligible to have the $150 establishment fee waived and a 1% interest rate discount applied.

Carbon emission offset

Our car loans offset your car’s carbon emissions for the life of the loan^. Even if you go fully electric, we want to account for people using electricity from the grid.

Flexible loan terms

Loan term of up to 7 years for new cars or 5 years for used cars.

Flexible payments

Option to make weekly, fortnightly and monthly repayments. No monthly loan administration or late payment fees, with extra repayments welcome.

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

View rates and fees

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.

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.