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Conditionally pre-approved car loan

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Need a Personal Loan for a new
or used car? We've made it easy.

Need a Personal Loan for a new or used car? We've made it easy.

No matter what car you're looking to buy, get your
finances sorted today with a conditionally pre-approved loan.

No matter what car you're looking to buy, get your finances sorted today with a pre-approved loan.

Apply online for a personal loanApply in NetBank for a personal loan

Call us on 13 1431

Call us on 13 1431

Conditionally pre-approved Car Loan

Apply for a car loan and have your finances ready to go. Our car loan conditional pre-approval lets you:

  • Know how much you can borrow
  • Know how much your repayments will be
  • Have your finances ready so you can negotiate a better deal

Simply apply and be approved in principle, and you'll have 30 days to find your dream car.

  • There's no obligation and you can always renew your pre-approval for another 30 days if you need to

How to apply for a pre-approval

  • Applying is easy, and we can give you a response within 60 seconds*
    Apply NowApply in NetBank
  • Or apply in branch or call 13 14 31 to speak with a personal loan specialist

Which loan suits you best?

We offer 3 types of Personal Loans to meet your needs. Use our loan selector to help you decide which is best for you.

1. Fixed Rate Personal Loan

  • You'll always know exactly how much you have to pay, making it easier to budget
  • Borrow from $5,000 - $50,000
  • Select from 1 - 7 year term
  • No security is required

2. Variable Rate Personal Loan

  • Flexibility to make extra repayments and redraw them if required
  • Borrow from $5,000 - $50,000
  • Select from 1 - 7 year term
  • No security is required

3. Secured Car Loan

  • Lower fixed interest rate than an unsecured loan
  • You'll always know exactly how much you have to pay, making it easier to budget
  • Borrow from $10,000 - no maximum
  • Select from a 1 - 5 year term
  • Learn more about Secured Car Loan

Who can apply for a personal loan?

To apply for a personal loan you must satisfy these four requirements:

  • Be over 18 years of age
  • You must have a regular income
  • You must have the ability to service your loan
  • Reside in Australia and be a citizen or permanent resident of Australia

New or used?

When you decide to buy a car, one of the most important considerations is whether it's a new or used car that you're after.

The simple answer is that it all depends on your patience, flexibility and how much you want to borrow.

A new car will give you the peace of mind of realiability and will usually be covered by warranty. A used car will always be significantly cheaper but its full history can't always be confirmed. If you decide to buy a used car, make sure you inspect it thoroughly, do a PPSR (formerly REVS) check, watch out for problems on a test drive and ask the seller the right questions.

Dealer Finance

Car dealerships will often offer finance. At face value, dealer finance may seem a better alternative to a bank car loan. However additional costs and conditions could mean you’ll pay more than you think.

Discover what else you need to know about dealer finance on our blog.

Additional costs to keep in mind

Remember to allow for costs over and above the purchase price, including:

Stamp Duty:
This is a percentage of the purchase price of any vehicle that must be paid to the relevant state or territory government.

Compulsory Third Party Insurance:
Required by law in Australia, this covers people who are injured through the fault of the driver of your car.

General Insurance:
While not compulsory, it's a good idea to protect your new purchase.

New car extras:
You may also need to pay for number plates, registration and dealer delivery charges.

Keeping it going:
Remember to factor in running and maintenance costs.

Useful links

Whether you're looking at a new or used cars, it's a good idea to know what they're worth and how well they hold their value. These websites can help:

www.redbook.com.au
www.glassguide.com.au
www.carsales.com.au
www.motormouth.com.au
www.ppsr.gov.au
 

For a step by step guide on what to do and look out for when buying a used car, follow our car buying checklist.

Car buying checklist

Your car buying checklist

From organising your car finance and researching models, to inspecting and test driving a car, follow this useful checklist to make sure your car purchase is a successful one.

1. Organise your finances

Make sure you have your funds organised so when you find the car you want, you don't miss out.

2. Research your purchase

The more information you know about the car you want, the more likely it is you'll make a wise purchase.

3. Check the car for problems

Be sure to have your car inspected prior to purchase.

4. Take a test drive

Definitely take the car for a spin to check it's running smoothly.

5. Ask some questions

Before you purchase, there are key questions you must ask the seller about the history of the vehicle.

6. Negotiation & purchase

Negotiate the final sale price and organise a cover note before driving away.

Print out our full checklist with detailed step by step instructions on purchasing your new or used car.

Download car buying checklist

Important information

* 60 seconds response is unavailable for secured loans, when a guarantor is required, if an application is incomplete or needs to be referred for a more detailed review by a lending specialist and is subject to system availability. Applications for finance are subject to the Bank's normal credit approval. Full terms and conditions will be included in our loan offer. Fees and charges are payable. Australian Credit License 234945.