Car loan

When you take a car loan with us, you’ll have peace-of-mind knowing that there are no hidden fees and that all costs relating to your loan are clearly explained to you upfront.



You can enjoy the following benefits:

  • competitive  fixed rate loans
  • interest calculated daily and debited monthly in arrears
  • ability to make unlimited additional repayments
  • no penalties for early repayments
  • easy payment through direct credit or regular payments from your BankVic account
  • flexible repayment options – weekly, fortnightly or monthly.


To be eligible, you must:

  • be a BankVic member
  • be 18 years and over, and
  • meet our credit assessment criteria.


Features of our car loan include:

Rates & fees


 Rate paComparison rate pa
New car 
Used car8.99%9.12%
My first car17.99%8.12%
Safe used car27.99%8.12%

1 Only available to 18 - 25 year olds.
2 Safe used car: a car that   has achieved a four or five star rating, with either the Australasian   New Car Assessment Program (ANCAP) or Used Car Safety Ratings program (UCSR). Visit or to access individual  rating details. 
Rates effective 1 Jul 2016 and subject to change at any time.
Minimum loan amounts: New car $20,000; Used car $5,000; My first car $3,000. 
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rate has been calculated for a secured new or used car loan for an amount of $30,000 over a term of 5 years. All BankVic car loans are secured by a goods security agreement.

Fees & charges

Refer to Fees & Charges (PDF) for information on current fees & charges.

Apply now

3 easy ways to apply

Before you apply...

We recommend that you read our Credit Guide (PDF).

BSB: 704 230

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