Finding the best rates…
Compare Car Loan Rates - From 5.49%
Find the Lowest Car Loan Rate for Your Next Ride.
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Showing 28 loans · $45,000 loan · 5 years term
Lender
Rate
Borrow
Fees
Repayment
Monthly repayment includes principal, interest, and any ongoing fees. Your actual repayment may vary based on your specific loan terms.
Action
Great Southern Bank
Green Car Loan
Fixed
Rate
5.49%–12.24%
Fixed Rate
Advertised rate range. Your actual rate depends on your credit history, loan amount, and term.
7.18%–12.39%
Comparison Rate
The comparison rate includes the interest rate plus most fees and charges, giving you a truer cost of the loan.
Min$5k
Max$100k
$100
Establishment fee
Repaymentto
$859
at 5.49%
$51,660 total
$1,006
at 12.24%
$60,488 total
over 5 years
People's Choice
Green Car Loan
Fixed
Rate
5.69%
Fixed Rate
Advertised rate. Your actual rate depends on your credit history, loan amount, and term.
6.04%
Comparison Rate
The comparison rate includes the interest rate plus most fees and charges, giving you a truer cost of the loan.
Min$20k
Max$100k
$250
Establishment fee
Repayment
$864
/ Month
$52,060 over 5 years
MOVE Bank
New Car Fixed Rate Loan
Fixed
Rate
5.99%
Fixed Rate
Advertised rate. Your actual rate depends on your credit history, loan amount, and term.
6.26%
Comparison Rate
The comparison rate includes the interest rate plus most fees and charges, giving you a truer cost of the loan.
Min$5k
Max$150k
$195
Establishment fee
Repayment
$870
/ Month
$52,381 over 5 years
IMB Bank
New Car Loan
Fixed
Rate
5.99%
Fixed Rate
Advertised rate. Your actual rate depends on your credit history, loan amount, and term.
6.34%
Comparison Rate
The comparison rate includes the interest rate plus most fees and charges, giving you a truer cost of the loan.
Min$2k
Max$125k
$250
Establishment fee
Repayment
$870
/ Month
$52,436 over 5 years
RACQ Bank
Green Car Loan
FixedNo Fees
Rate
5.99%
Fixed Rate
Advertised rate. Your actual rate depends on your credit history, loan amount, and term.
5.99%
Comparison Rate
The comparison rate includes the interest rate plus most fees and charges, giving you a truer cost of the loan.
Min$3k
Max$150k
$0
No fees
Repayment
$870
/ Month
$52,186 over 5 years
Great Southern Bank
Secured Fixed Car Loan
SecuredFixed
Rate
5.99%–12.99%
Fixed Rate
Advertised rate range. Your actual rate depends on your credit history, loan amount, and term.
6.13%–13.14%
Comparison Rate
The comparison rate includes the interest rate plus most fees and charges, giving you a truer cost of the loan.
Min$5k
Max$100k
$100
Establishment fee
Repaymentto
$870
at 5.99%
$52,286 total
$1,024
at 12.99%
$61,520 total
over 5 years
Defence Bank
New Car Loan
Variable
Rate
6.19%
Variable Rate
Advertised rate. Your actual rate depends on your credit history, loan amount, and term.
6.97%
Comparison Rate
The comparison rate includes the interest rate plus most fees and charges, giving you a truer cost of the loan.
Min$5k
Max$100k
$10/mo
Ongoing
Repayment
$884
P&I repayment$874
Monthly fee$10
Total / month$884
/ Month (incl. fees)
$53,038 over 5 years
Bank Australia
Fixed Car Loan
Fixed
Rate
6.29%–7.29%
Fixed Rate
Advertised rate range. Your actual rate depends on your credit history, loan amount, and term.
6.29%–7.50%
Comparison Rate
The comparison rate includes the interest rate plus most fees and charges, giving you a truer cost of the loan.
Min$1k
Max$100k
$150
Establishment fee
Repaymentto
$876
at 6.29%
$52,714 total
$897
at 7.29%
$53,983 total
over 5 years
CommBank
Secured Fixed Rate Car Loan
EV Rates SecuredFixed
Rate
6.29%–10.29%
Fixed Rate
Advertised rate range. Your actual rate depends on your credit history, loan amount, and term.
7.71%–11.66%
Comparison Rate
The comparison rate includes the interest rate plus most fees and charges, giving you a truer cost of the loan.
Min$4k
Max$120k
$250
Establishment fee
+ $15/mo
Repaymentto
$891
at 6.29%
$53,714 total
$978
at 10.29%
$58,903 total
over 5 years
Westpac
Car Loan
Fixed
Rate
6.49%–12.99%
Fixed Rate
Advertised rate range. Your actual rate depends on your credit history, loan amount, and term.
7.90%–14.34%
Comparison Rate
The comparison rate includes the interest rate plus most fees and charges, giving you a truer cost of the loan.
Min$10k
Max$130k
$250
Establishment fee
+ $15/mo
Repaymentto
$895
at 6.49%
$53,966 total
$1,039
at 12.99%
$62,570 total
over 5 years
Teachers Mutual Bank
Fixed Rate Car Loan
Fixed
Rate
6.49%
Fixed Rate
Advertised rate. Your actual rate depends on your credit history, loan amount, and term.
6.70%
Comparison Rate
The comparison rate includes the interest rate plus most fees and charges, giving you a truer cost of the loan.
Min$10k
Max$80k
$150
Establishment fee
+ $1.55/mo
Repayment
$882
P&I repayment$880
Monthly fee$2
Total / month$882
/ Month (incl. fees)
$53,059 over 5 years
Health Professionals Bank
Fixed Rate Car Loan
Fixed
Rate
6.49%
Fixed Rate
Advertised rate. Your actual rate depends on your credit history, loan amount, and term.
6.70%
Comparison Rate
The comparison rate includes the interest rate plus most fees and charges, giving you a truer cost of the loan.
Min$10k
Max$80k
$150
Establishment fee
+ $1.55/mo
Repayment
$882
P&I repayment$880
Monthly fee$2
Total / month$882
/ Month (incl. fees)
$53,059 over 5 years
Firefighters Mutual Bank
Fixed Rate Car Loan
Fixed
Rate
6.49%
Fixed Rate
Advertised rate. Your actual rate depends on your credit history, loan amount, and term.
6.70%
Comparison Rate
The comparison rate includes the interest rate plus most fees and charges, giving you a truer cost of the loan.
Min$10k
Max$80k
$150
Establishment fee
+ $1.55/mo
Repayment
$882
P&I repayment$880
Monthly fee$2
Total / month$882
/ Month (incl. fees)
$53,059 over 5 years
RACQ Bank
Fixed Rate Car Loan
Fixed
Rate
6.69%
Fixed Rate
Advertised rate. Your actual rate depends on your credit history, loan amount, and term.
6.86%
Comparison Rate
The comparison rate includes the interest rate plus most fees and charges, giving you a truer cost of the loan.
Min$3k
Max$100k
$120
Establishment fee
Repayment
$884
/ Month
$53,189 over 5 years
Orange Credit Union
New Car Loan
Variable
Rate
6.89%
Variable Rate
Advertised rate. Your actual rate depends on your credit history, loan amount, and term.
7.26%
Comparison Rate
The comparison rate includes the interest rate plus most fees and charges, giving you a truer cost of the loan.
Min$5k
Max$120k
$265
Establishment fee
Repayment
$889
/ Month
$53,588 over 5 years
Australian Military Bank
Car Loan
Variable
Rate
6.95%
Variable Rate
Advertised rate. Your actual rate depends on your credit history, loan amount, and term.
7.89%
Comparison Rate
The comparison rate includes the interest rate plus most fees and charges, giving you a truer cost of the loan.
Min$4k
Max$200k
$12/mo
Ongoing
Repayment
$902
P&I repayment$890
Monthly fee$12
Total / month$902
/ Month (incl. fees)
$54,119 over 5 years
Summerland Bank
Car Loan
Variable
Rate
6.99%
Variable Rate
Advertised rate. Your actual rate depends on your credit history, loan amount, and term.
7.64%
Comparison Rate
The comparison rate includes the interest rate plus most fees and charges, giving you a truer cost of the loan.
Min$5k
Max$100k
$390
Establishment fee
+ $10/mo
Repayment
$901
P&I repayment$891
Monthly fee$10
Total / month$901
/ Month (incl. fees)
$54,441 over 5 years
NAB
Nab Car Loan
Fixed
Rate
6.99%–13.99%
Fixed Rate
Advertised rate range. Your actual rate depends on your credit history, loan amount, and term.
8.54%–15.48%
Comparison Rate
The comparison rate includes the interest rate plus most fees and charges, giving you a truer cost of the loan.
Min$10k
Max$100k
$350
Establishment fee
+ $15/mo
Repaymentto
$906
at 6.99%
$54,700 total
$1,062
at 13.99%
$64,060 total
over 5 years
Qudos Bank
Car Loan
Variable
Rate
7.29%
Variable Rate
Advertised rate. Your actual rate depends on your credit history, loan amount, and term.
7.50%
Comparison Rate
The comparison rate includes the interest rate plus most fees and charges, giving you a truer cost of the loan.
Min$10k
Max$150k
$150
Establishment fee
Repayment
$897
/ Month
$53,983 over 5 years
Australian Mutual Bank
New Car Loan
Variable
Rate
7.45%
Variable Rate
Advertised rate. Your actual rate depends on your credit history, loan amount, and term.
7.66%
Comparison Rate
The comparison rate includes the interest rate plus most fees and charges, giving you a truer cost of the loan.
Min$5k
Max$100k
$150
Establishment fee
Repayment
$901
/ Month
$54,188 over 5 years
Police Credit Union
Variable Car Loan
Variable
Rate
7.48%
Variable Rate
Advertised rate. Your actual rate depends on your credit history, loan amount, and term.
7.89%
Comparison Rate
The comparison rate includes the interest rate plus most fees and charges, giving you a truer cost of the loan.
Min$5k
Max$100k
$195
Establishment fee
Repayment
$901
/ Month
$54,272 over 5 years
Qudos Bank
Qantas Points Car Loan
Fixed
Rate
7.99%
Fixed Rate
Advertised rate. Your actual rate depends on your credit history, loan amount, and term.
8.20%
Comparison Rate
The comparison rate includes the interest rate plus most fees and charges, giving you a truer cost of the loan.
Min$15k
Max$150k
$150
Establishment fee
Repayment
$912
/ Month
$54,883 over 5 years
BankVic
Car Loan Fixed 1-5 Years
FixedNo Fees
Rate
8.99%
Fixed Rate
Advertised rate. Your actual rate depends on your credit history, loan amount, and term.
9.12%
Comparison Rate
The comparison rate includes the interest rate plus most fees and charges, giving you a truer cost of the loan.
Min$5k
Max$100k
$0
No fees
Repayment
$934
/ Month
$56,035 over 5 years
UniBank
Car Loan
Variable
Rate
9.99%
Variable Rate
Advertised rate. Your actual rate depends on your credit history, loan amount, and term.
10.21%
Comparison Rate
The comparison rate includes the interest rate plus most fees and charges, giving you a truer cost of the loan.
Min$5k
Max$80k
$150
Establishment fee
+ $1.55/mo
Repayment
$957
P&I repayment$956
Monthly fee$2
Total / month$957
/ Month (incl. fees)
$57,597 over 5 years
Health Professionals Bank
Car Loan
Variable
Rate
9.99%
Variable Rate
Advertised rate. Your actual rate depends on your credit history, loan amount, and term.
10.21%
Comparison Rate
The comparison rate includes the interest rate plus most fees and charges, giving you a truer cost of the loan.
Min$5k
Max$80k
$150
Establishment fee
+ $1.55/mo
Repayment
$957
P&I repayment$956
Monthly fee$2
Total / month$957
/ Month (incl. fees)
$57,597 over 5 years
Teachers Mutual Bank
Car Loan
Variable
Rate
9.99%
Variable Rate
Advertised rate. Your actual rate depends on your credit history, loan amount, and term.
10.21%
Comparison Rate
The comparison rate includes the interest rate plus most fees and charges, giving you a truer cost of the loan.
Min$5k
Max$80k
$150
Establishment fee
+ $1.55/mo
Repayment
$957
P&I repayment$956
Monthly fee$2
Total / month$957
/ Month (incl. fees)
$57,597 over 5 years
Firefighters Mutual Bank
Car Loan
Variable
Rate
9.99%
Variable Rate
Advertised rate. Your actual rate depends on your credit history, loan amount, and term.
10.21%
Comparison Rate
The comparison rate includes the interest rate plus most fees and charges, giving you a truer cost of the loan.
Min$5k
Max$80k
$150
Establishment fee
+ $1.55/mo
Repayment
$957
P&I repayment$956
Monthly fee$2
Total / month$957
/ Month (incl. fees)
$57,597 over 5 years
First Option Bank
New Car Loan
Variable
Rate
10.99%
Variable Rate
Advertised rate. Your actual rate depends on your credit history, loan amount, and term.
11.24%
Comparison Rate
The comparison rate includes the interest rate plus most fees and charges, giving you a truer cost of the loan.
Min$15k
Max$100k
$175
Establishment fee
Repayment
$978
/ Month
$58,866 over 5 years
Car Loans in Australia - March 2026
Compare 31 car loans from 22 lenders. The current lowest rate is 5.49% p.a.
Whether you're buying a new car, used vehicle, or refinancing an existing loan, we help you compare rates and features to find the best deal. Consider factors like balloon payments, early exit fees, and approval times when choosing your loan.
Common Questions
Car Loan FAQs
What is the best car loan rate in Australia?
The lowest car loan rate currently available is 5.49% p.a. Rates vary depending on whether you choose a secured vs unsecured loan, new vs used vehicle, and your credit profile.
Should I get a secured or unsecured car loan?
Secured car loans typically offer lower interest rates because the vehicle acts as collateral. Unsecured loans have fewer restrictions on vehicle age and type, but usually come with higher rates.
How long should my car loan term be?
Most car loans offer terms from 1 to 7 years. Shorter terms mean higher repayments but less total interest paid. Consider the expected life of the vehicle — avoid financing a car for longer than you plan to own it.