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Westpac Car Loan

The Westpac Car Loan offers rates from 5.99% p.a. (7.20% p.a. comparison rate*). on loans of $10,000 to $100,000.

Updated 28 September 2023

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Expert Review

Westpac Car Loan is a secured loan with a fixed rate from 4.99% to 10.99% p.a. (6.21% to 12.16% p.a. comparison rate). You can borrow from $10,000 up to $100,000 for 1-7 years with an establishment fee of $250 and an ongoing fee of $12 per month (which may be waived under certain conditions). A loan closure fee of $175 may apply when the loan is paid out in full or refinanced within the first three years of the loan term.

This product ranks amongst the 5% lowest interest rates when compared to other secured, fixed rate loans in market. It is a competitive choice for those looking for car finance that values certainty and minimises interest rates with a set amount of exit fee at just $175. It is an attractive option for many borrowers.

Product Details

$250 establishment fee

$12 ongoing monthly fee

$175 early repayment fee may apply

Other fees may apply.


Fixed rate from 5.99% to 12.99% p.a.

Loan Amount

From $10,000 to $100,000

Loan Terms

1, 2, 3, 4, 5, 6 or 7 years

Secured loan


Before applying for this product, you should read the Target Market Determination (TMD) available here on the Westpac website.

More information
The comparison rates on this page are based on either a $30,000 loan over 5 years, or a $10,000 loan 3 years, as indicated with each rate. WARNING: This comparison rate applies only to the example given and may not include all fees and charges. Different terms, fees or loan amounts might result in different comparison rates.
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