Pay weekly, fortnightly or monthly over 1 to 5 years.
Keep track of your loan and make repayments in NetBank and the CommBank app.
Interest is fixed so you know what your repayments will be for the life of the loan. See more about rates and fees.
Borrow from $10,000.1
Borrow at a lower rate than an unsecured loan by using your car - new or less than 5 years old - as security for a secured personal loan.
Up to an additional $1,000 per year.2
Things you should know
^ At least half of our customers will receive the representative rate or lower. It may not be the actual rate you receive.
Your interest rate will be based on a number of factors, including the information you provide and our assessment of your application. We'll confirm your interest rate in your loan offer document
* The comparison rate is based on a $30,000 secured loan over 5 years. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
An upfront fee of $250 and ongoing monthly fee of $10 will apply, please consider these fees when deciding whether this loan suits your needs. Some additional fees, including a late-payment fee, government charges and other electronic banking fees may also apply.
Apply online and get a response within 60 seconds.
New to NetBank or don't bank online with us? Call us on 13 1431 8am–8pm, 7 days (Sydney/Melbourne time) or visit your local branch.
Tell us what you want the loan for and explore your loan and repayment options.
Tell us about you and your finances.
Once we have your application we'll review it and give you a response within 60 seconds.
If your application is conditionally approved, take your supporting documentation into your nearest branch to complete the process. New customers may also need an ID check.
A Secured Car Loan is for buying a new or used car that’s less than 5 years old. The amount can be for the full or partial purchase price depending on whether you’ve paid a deposit.
You’re unable to use this loan for:
Considering other personal loans? Find out more about Variable Rate or Fixed Rate personal loans.
Find out more about the difference between secured and unsecured loans.
Use our personal loan selector tool to choose between Variable, Fixed Rate or Secured.
Understand what your repayments will be. Adjust the term and the amount to meet your budget.
Estimate how much you can borrow and work out the repayments at the current interest rate.
1 If you want to borrow less than $10,000 take a look at our Unsecured Variable Rate or Fixed rate personal loans.
2 Additional repayments made on a Fixed Rate Loan are not available to be redrawn. View the Personal Loan Terms and Conditions.
Applications for finance are subject to the Bank’s normal credit approval. View the Personal Loan Terms and Conditions. Full terms and conditions will be included in our loan offer. Fees and charges are payable.
Following the fixed rate period, if your loan hasn’t been repaid in full, the Secured Car Loan Benchmark Rate will apply which is currently 6.99% p.a. This interest rate is effective as of 14 October 2019.
Secured Car Loan interest rate ranges and the representative rates are set out below. Comparison rates and examples are based on a $30,000 secured loan over 5 years:
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
