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We are updating our Terms and Conditions for Mortgage Offset Accounts, effective 4 January 2022. Find out more

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2021-11-30 2:45 pm
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Car loan rates and features

Learn about our personal and car loan range, including rates, making repayments, and our terms and conditions.

What’s on this page

Our range of car loans 

Car loans – for new and used cars, plus discounts for low emissions vehicles

Commercial car loan – for business customers

Rates and fees

See and compare Bank Australia personal and car loan rates and fees.

Repayments

Extra repayments

You can make extra repayments on our personal and car loans whenever you like.

Early repayment

You can pay your loan off whenever and you pay no early repayment fee.

Can’t make repayments? 

If you’re having trouble making repayments, we can help you figure out what to do. 

Where are the loan terms and conditions?

Common questions about our loans

All car loans

How do we offset the carbon emissions from your car?

We calculate your car's emissions based on average vehicle emissions figures and average mileage figures for Australian cars. For each car loan, we use the average vehicle emissions factor multiplied by the share of each year that the car loan is active with us. 

We purchase carbon offsets that are eligible under the National Carbon Offset Standard (NCOS) – and currently forward-purchase certified emissions reductions from a project in Victoria focused on conservation and protection of endangered species including the Brush-tailed Phascogale.

Can I borrow to buy a vintage car?

We offer used car loans for vehicles up to 7 years old. 

Can I borrow to buy a motorbike?

Yes, both our car loans are for motorbikes as well as cars. 

LEV Car Loan

What cars classify for LEV Car Loan?

  • Pure electric
  • Plug-in hybrid electric
  • Regenerative hybrid 
  • The internal combustion engine produces less than 125 g/km Tailpipe C02 according to the Green Vehicle Guide