Secured Fixed Car Loan

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Secured Fixed Car Loan

Features & benefits Rates & fees How to apply FAQs

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 $100,000⁵. 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. ⁷

² Same day funds on contract acceptance

Accept your loan contract by 2pm AEST Monday to Friday (excluding public holidays) and we'll issue your funds the same day (subject to system availability). The time it takes to receive your funds may be affected by your bank clearance times.

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 rate⁴

7.16

p.a.

Fees

Monthly fee

Early payout fee

Security administration fee

$90

Establishment fee

$175

Total fees

$265

Apply online

Ready to apply? You can apply online today

Apply now

The process

1. Check your eligibility

There are a few eligibility requirements you should be aware of before applying for a Great Southern Bank Personal Loan.

2. Apply online

It should take about 20 minutes. You will need proof of ID and all current financial information.

3. Approvals

If approved, you will receive your loan contract to accept online.

4. Access your money

Your loan is paid into your Great Southern Bank account.⁸
You can also view repayment details online and on our mobile banking app.

Eligibility

You must be at least 18 years of age
Be a permanent resident of Australia
Receive a regular income
Have not been bankrupt or insolvent in the last five years

What will you need:

An email address and contact number
Existing Great Southern Bank member number (If you're already a member)
Australian driver's licence, Medicare or passport details
Employment and income details
Details of your assets, expenses and liabilities

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.

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.

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.

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?

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 30 July 2021 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.

4. 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.

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

7. 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.

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