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Calculate the cost of purchasing a car
An ideal loan for a range of purposes. Learn about personal loan types
Available for new or used cars and motorbikes up to seven years old. Learn about personal loan types
Available for electric and hybrid cars up to seven years old. Learn about personal loan types
Available for eligible green purchases. Learn about personal loan types
Must be between $5,0003 and $100,000.
Loan term (years)
Repayment frequency
Estimate your credit rating
Tell us what you think your credit rating may be and we can estimate your interest rate. What’s a credit score?
Estimated repayments
Interest rate for good credit
Comparison rate1
This estimate is based on information you've provided. Your interest rate and repayments will be confirmed on assessment.
Apply now
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Your total repayments will be $XX,XXX. Your total interest will be $X,XXX.

The calculations provided are estimates only and are based upon the information entered by the user. The calculations do not include upfront or continuing credit fees and charges and do not constitute a loan application or variation to an existing facility, loan offer or loan approval.

How to apply for a car loan
1. Apply online
It should take 10 minutes. You’ll need proof of ID and your current financial information.
2. Approvals
If approved, you will receive your loan contract to accept online.
3. Access your money
The funds are used to buy your car and you can view your repayment details in online and mobile banking.
What can a car loan calculator tell me?
The car loan calculator quickly estimates your repayment amount and the total interest payable for your chosen car loan. It’s a clever way to find out if the repayments fit your budget before you apply.
Simply enter the loan amount, loan term and your estimated credit score. The car loan calculator will do the rest for you.
Car Loans from Great Southern Bank
Designed to help you pay your car off faster, our car loans come with:
  • A personalised interest rate.
  • $0 monthly account fee.
  • Fee-free extra repayments.
  • No penalties for early payout.
  • Free redraw – in case you need your additional repayments.4
Car loan questions and answers
Applying for a car loan? Find answers to frequently asked questions here.
What is a personalised interest rate?

A personalised interest rate is an interest rate based on an assessment of your credit score. If you have an excellent credit score and a good history of repaying loans, credit cards and other bills, you’ll likely be offered a lower interest rate.

When you apply for a personal loan your individual situation and your credit score will be considered when calculating your personalised interest rate.

Learn more with our guide to understanding our personal loan interest rates.

What is the difference between a secured vs unsecured personal loan?

A secured loan is 'secured' against the asset you are borrowing for such as a car, or home. If you are unable to repay the loan, the lender can sell the asset to cover the costs of the loan. Most secured personal loans have a lower interest rate when compared to an unsecured personal loan because there is an asset attached.

An unsecured personal loan is a loan that does not require an asset as security. Your income and ability to repay the loan is still assessed, however you don't need an asset to secure the loan.

If you’re buying a green vehicle under seven years old, a Great Southern Bank Green Car Loan may be right for you.

If a vehicle does not meet the green car eligibility criteria, you may be interested in a Secured Fixed Car Loan or an Unsecured Fixed Personal Loan if you’re buying a car older than seven years.

What is a balloon payment?

A balloon payment is a final lump-sum that’s paid at the end of your loan. It’s a percentage of the car’s purchase price and is paid in addition to your regular repayments and fees.

A balloon payment may lower your monthly repayment amount, but it’s important to note that balloon payments accumulate interest. You’ll also have to set some money aside to make the balloon payment. Don’t forget to calculate the full cost to avoid paying more in the long term.

Our car loans have no balloon payment; but we still recommend comparing car loans to find the one that’s right for you. Got a question? Drop us a message on Live Chat, we’re here to help.

How does car finance work?

The term “car finance” describes the different ways you can borrow money to buy a car. You may also know this as a car loan.

If you want to buy a car, but don’t have the money to pay the ticket price upfront, car finance allows you to borrow the amount you need. Then pay it off in smaller flexible repayments.

It’s important to note that car loans attract interest on top of your regular repayments. This is essentially the cost of taking out the loan. The interest rate will vary between lenders, so it pays to compare.

When you apply for a car loan your income and expenses will be assessed to ensure you can pay off the loan. Then you’ll receive the funds in your bank account to buy your new set of wheels – it’s that simple!

What are the costs to owning a car?

Buying a car is exciting, but it also comes with a few ongoing costs to keep your car on the road. In addition to your:

  • Petrol
  • Regular servicing (approx. every 6 months)
  • Car Insurance
  • Set aside some savings for emergency repairs - better to be safe than sorry.

Maintaining your car not only keeps your car safe and reliable, but it can also save you money on bigger repairs further down the track. And avoid the inconvenience of having to get around while your car is at the mechanic.

How can I check my credit score?

Simply request a free copy of your credit report from Equifax (previously known as Veda).

Checking your credit score can also help you estimate what your personalised rate will be before you apply.

Finding your car loan made easy
Secured Fixed Car Loan
Loans from $5,0003 to $100,000
Interest rate from
Comparison rate from1
Used for
Vehicles up to 7 years old
Unsecured Fixed Personal Loan
Loans from $5,0003 to $75,000
Interest rate from
Comparison rate from2
Used for
Get a detailed look into the features across all of our personal loans. Compare personal loans
We've been putting customers first for more than 75 years.
Flexible loan options
Pay it off your way.
Clever features to help you save money
From personalised interest rates to no monthly fees, you’ll be saving smarter, not harder.
We’re customer owned
That means no shareholders. Our profits go back into new products and clever ways to help you manage your money.
Explore more car loans
All car loans

Competitive personal loan rates for new and used cars.

Used car loans

Get on the road fast with a loan for a used car.

Refinance my car loan

A clever way to get a better deal.

Green car loan

Get a great personalised rate for an electric or hybrid vehicle.

Ready to apply?
Apply online and get set to hit the open road today.
Apply now
Get in touch
We're here to help.
Call 133 282

Mon - Fri: 8:00am - 8:00pm (AEDT)
Sat: 8:00am - 4:00pm (AEDT)

Find a branch
Speak to one of our friendly staff at a branch near you.
Connect online
Chat to us or browse help topics and FAQs.
Important Information

Loans are issued by Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL and Australian Credit Licence 238317. Lending criteria, limits, conditions, and fees apply.

Rates current as at 29 November 2023 and subject to change.

Your loan contract will state the minimum monthly repayment amount. You can arrange with us to make repayments on a weekly or fortnightly basis.

1 Comparison rate examples are accurate for a personal loan amount of $30,000 secured loan over a term of 5 years. WARNING: Comparison rates are 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.

2 Comparison rate examples are accurate for a personal loan amount of $30,000 unsecured loan over a term of 5 years. WARNING: Comparison rates are 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.

3 $3,000 minimum loan amount in branch, $5,000 minimum loan amount online. Available loan term is 1 to 7 years.

4 A $200 minimum withdrawal amount applies for redraws conducted in-branch. Redraw facility is available for Great Southern Bank Personal Loan products on offer from 6 June 2017.

*The rate you are offered is calculated based on your personal circumstances and credit history. A few different factors are considered, including:

  • Your credit score.
  • Information provided in your application.
  • Existing loans.
  • The loan amount and your perceived ability to repay the loan.

Your personalised rate won’t be confirmed until you receive an offer from us (if approved) and is subject change before your loan settles.