Secured Fixed Car Loan
Why choose a Secured Fixed Car Loan
Get behind the wheel of your dream car faster with a great rate, $0 monthly fees, flexible repayment options, and no penalties for early payout.
Secured Fixed Car Loans are available for new and used vehicles up to seven years old from $5,000 to $100,000.
Estimate your personalised rate* and repayments
repayments
Your estimate repayments are calculated based on the loan type, loan amount, loan term and your credit score entered. The calculations do not include upfront or continuing credit fees and charges. Lending is to approved applicants only. All lending is subject to a detailed credit assessment, the results from this calculator 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.
This calculator provides general information only and should not be relied on to make a decision about a financial product. You should consider obtaining advice from an appropriately licensed financial services professional before making any financial decisions.
A secured loan is 'secured' against the asset you are borrowing for, such as a car. If you are unable to repay the loan, the lender can sell the asset to cover the costs of the loan.
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.
Your credit score is a number used by lenders to assess how likely you are to repay a loan. Your score is based on the information in your credit report, including:
- How you've managed previous loan and credit card repayments.
- How many loan applications you've made in the past.
- The age of your credit file.
Learn more with our guide to Understanding our personal loan interest rates.
Unsecured Fixed Personal Loan
An ideal loan for many purposes, such as debt consolidation, home improvements, new or used cars and motorbikes of any age, boats, caravan and more.
Secured Fixed Car Loan
For buying or refinancing a new or used car or motorbike up to seven years old.
Green Car Loan
For buying or refinancing an electric or hybrid car up to seven years old.
Unsecured Green Personal Loan
For eligible green purchases, including solar panels, battery packs, solar hot water systems and hot water heat pump systems.
Rates and fees
Getting ahead on your finances shouldn’t cost you money. That’s why we don’t charge you for making extra repayments, paying your loan off early or unnecessary monthly fees.
Rates
| Interest rate range | 6.49% p.a. to 13.19% p.a. |
| Comparison rate range1 | 6.63% p.a. to 13.34% p.a. |
Fees
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Special offer
$0 establishment fee on personal loans until 7 July 2026^ - save $225!
| |
| Monthly fee | $0 |
| Early payout fee | $0 |
| Security administration fee | $100 |
| Establishment fee |
$225 $0 when you apply before 7 July 2026^ |
| Total fees | $100 when you apply before 7 July 2026^ |
Please note, fees are built into your monthly repayments and are not required to be paid upfront.
Start your application today
Check if you qualify and then fill in a few basic details to get your personalised rate in approximately 60 seconds.
If you're happy with your estimated personalised rate, you can complete your application online in around 10 minutes.
If approved, accept your loan contract online and we’ll work with you and the seller to arrange payment of your vehicle. For refinance customers, we'll work with the lender to transfer the loan.
Car loans explained
A comparison rate is the interest rate, plus additional fees and charges you will be expected to pay over the loan term. As comparison rates indicate the true cost of a loan, they make it easier to decide which is best for you.
Yes, we support joint personal loan applications.
Yes, you can make additional repayments on your loan without attracting a fee.
Yes. Your loan contract will be set up for monthly repayments initially, but if you prefer to pay in weekly or fortnightly instalments simply call us on 133 282 or drop into a branch and we can arrange this for you.
A personalised interest rate is determined in large part by your credit score. This is based on a range of factors including your history of repaying loans, credit cards, and other bills. In short, the better your credit score, the lower the interest rate you’re likely to be offered.
Speaking of which, it's worth noting that while submitting a full application will likely result in a small, temporary dip to your credit score, simply getting your estimated personalised rate will not impact it.
The rate you are offered is calculated 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.
Credit scores are calculated by looking at various aspects of your credit history and profile. These can include details of any previous applications you’ve made for credit (whether successful or not), details of credit or loan products you have held in the past, your repayment history, any overdue accounts you might have, and information about any court judgements against you.
These are added together to give an overall picture of your ability to repay a loan.
As you might imagine, someone who has never defaulted on a loan will be considered a lower risk than someone with a history of missed repayments, court judgements, or bankruptcy.
Similarly, the more applications for credit on your record, the lower your score is likely to be.
Other factors which can negatively impact a credit score include a history of using ‘payday lenders’ and having open accounts with debt collection agencies.
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 two main Credit Rating Bureaus in Australia are:
- Equifax (previously known as Veda)
- Experian Australia Credit Services
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 22 May 2026 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.
To view the Target Market Determination for this product, please click here.
*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.
Receiving your estimated personalised rate won’t impact your credit score. Your actual personalised rate will only be confirmed after you’ve submitted a full application and received an offer from us (if approved), and will result in a small, temporary dip to your credit score. The rate is subject to change before your loan settles.
^ The $225 establishment fee waiver is available for new or existing customers who submit a Great Southern Bank personal loan application between 30 April 2025 and 7 July 2026. Great Southern Bank may withdraw or amend this offer at any time without notice. Lending criteria, limits, conditions, and fees apply.
The Outstanding Value – Excellent Credit Personal Loans Award considers only borrowers with an excellent credit profile (See Canstar’s Personal Loans Awards methodology at http://www.canstar.com.au/current-ratings-awards for more information).
Great Southern Bank Secured Fixed Car Loan recognised in Mozo Experts Choice Awards 2026 - more information on the awards research methodology at Mozo.
Your application ID is in the confirmation email we sent from loanapplication@gsb.com.au. For help, call us on 133 282.
Secured Fixed Rate Personal Loans are suitable for people who wish to borrow money to purchase a vehicle. Customers will need to provide their vehicle as security for the loan and will benefit from a lower rate for doing so.
This product may not be right for you, if you:
- Seek funds for a specific personal purpose (such as debt consolidation, home improvements, holiday) other than the purchase of a home, with minimum loan amount of $1,000 up to maximum of $50,000.* Our Unsecured fixed Personal Loan may be better suited to you.
Who can apply?
- Permanent Australian residents aged 18 years or over
- You must receive a regular income
- Have had no bankruptcy or insolvency in the last 5 years
You will need:
To get your estimated personalised rate, we only require a few basic details. But for a full application, you’ll need:
- Proof of identity (such as a drivers licence)
- Employment and income details (such as a payslip)
- Expenses and debt details