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CALCULATOR
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 $5,000 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
$45
week
Estimated repayments
$45
week
Interest rate for good credit
X.XX
p.a.
Comparison rate1
X.XX
p.a.
This estimate is based on information you've provided. Your interest rate and repayments will be confirmed on assessment.
Apply now
Apply in 10 minutes
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.

Your contracted personal loan repayments will be set to a monthly frequency, meaning you will need to meet the agreed repayment amount by the due date stated on your loan contract each month. To meet this minimum monthly amount, you can however make repayments weekly or fortnightly.

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.4
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.3
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 credit score will be considered when calculating your personalised interest rate.

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?

Some lenders offer car loans with balloon payments. A loan with a balloon payment is typically lower as you’re repaying a portion of the loan plus interest. But at the end of the loan term, you’ll have to pay a lump sum (the balloon payment), which is the remaining balance on your loan. You’ll have to set some money aside to make the balloon payment, so it’s important you calculate the full cost to avoid paying more in the long term.

Our car loans don’t come with balloon payments, so you know what you’re getting from the start. It pays to compare car loans to find the one that’s right for you.

How does car finance work?

The term ‘car finance’ refers to the different ways you can borrow money to buy a car.

If you don’t have the money to pay for a car upfront, then financing it with a car loan is a clever way to borrow the amount you need, and pay it off in small, flexible repayments.

It’s important to note that car loans attract interest on top of your regular repayments. The interest rate will vary between lenders, so it pays to compare.

When you apply for a car loan, we will assess your income and expenses to ensure you can pay it off. Then when it’s time for settlement, we will pay the seller directly and you’ll officially own your car.

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?

You’re entitled to a free copy of your credit report every three months from a Credit Rating Bureau (CRB). The CRB must provide the report within 10 days of your request.

The three main Credit Rating Bureaus in Australia are:

Finding your car loan made easy
CAR LOAN
Secured Fixed Car Loan
Loans from $5,000 to $100,000
Interest rate from
6.49
%
p.a.
to
15.04
%
p.a.
Comparison rate from1
6.86
%
p.a.
to
15.44
%
p.a.
Used for
Vehicles up to 7 years old
MULTIPURPOSE
Unsecured Fixed Personal Loan
Loans from $5,000 to $75,000
Interest rate from
7.49
%
p.a.
to
19.99
%
p.a.
Comparison rate from2
7.74
%
p.a.
to
20.27
%
p.a.
Used for
Get a detailed look into the features across all of our personal loans. Compare personal loans
WHY CHOOSE US
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 - 7:00pm (AEST)
Sat: 8:00am - 4:00pm (AEST)

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 8 May 2024 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. 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.