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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 7 years old from $5,000 to $100,0003. Compare loans and apply online today.

Features & benefits
$0 Monthly fees
Enjoy having a little extra money in your pocket.
Unlimited extra repayments
Make extra repayments without any fee, and pay your loan off sooner.
Flexible repayment options
Choose to make either monthly, fortnightly or weekly repayments to suit your income and budget.
No penalties for early payout
Pay off your loan sooner without being charged a fee.
Easy access to funds with redraw
Enjoy access to your additional repayments with redraw, so you can use it whenever unexpected costs arise.4
Same day funds on contract acceptance6
It may be possible to have your loan funded on the same day of contract acceptance! See how it works.
CALCULATOR

Calculate your borrowing capacity

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.

Interest Rate

6.79
%
p.a.
Comparison rate1
7.16
%
p.a.

Fees

Monthly fee
$0
Early payout fee
$0
Security administration fee
$90
Establishment fee
$175
Total fees
$265
Not sure if this is the right loan for you?

We can help you pick the right one to suit your needs.

Start your application today
1. Apply online

It should take around 10 minutes. Simply check if you qualify and begin the application process.

2. Approvals

If approved, you will receive your loan contract to accept online. Your loan could be funded on the day you apply. See how it works.

3. Access your money

Your loan is paid into your Great Southern Bank Account.5 You can also view repayment details online and on our mobile banking app.

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.
FAQS

Car loans explained

What is a comparison rate?

A comparison rate encompasses the true cost of the loan, which includes the interest rate plus all the relevant fees and charges for a loan.

Can we apply for a joint personal loan?

Yes, we do support joint personal loan applications. The same process applies.

Can I make additional repayments?

Yes, you can make additional repayments on your loan without attracting a fee.

Can I change my repayment frequency to weekly or fortnightly instead of monthly?

Yes. Weekly or fortnightly repayments can be changed to monthly. However, monthly repayments cannot be changed. In this case, you can easily set up Periodical Payments on a weekly or fortnightly basis to meet your monthly repayment.

Learn more about personal loans

Handy tips to help you find the loan that's right for you

Applying for a personal loan – what’s the process?

Do you need some money for personal reasons? A trip? Some renovations at home? How do you go about getting a personal loan? We can help.

Read more

What’s the difference between the interest rate and comparison rate?

Knowing the difference between the interest rate and comparison rate on a loan means making a fully informed decision is that bit easier.

Read more

Secured versus unsecured personal loan

What's the difference between a secured and unsecured personal loan and what should you consider when choosing between the two?

Read more
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 27 May 2022 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 accurate for $30,000 secured loan over 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 accurate for $30,000 unsecured loan over 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.

5. You will need to hold a Great Southern Bank everyday account when the loan is funded.

To view the Target Market Determination for this product, please click here.