Westpac New Car Loan

Moneybuddy says

The Westpac New Car Loan has a very competitive interest rate with great options like minimum repayment amount, extra repayments and loan terms of 1 to 7 years. Generous loan amounts are available and the repayment options are weekly, fortnightly or monthly. If you apply today you access the current special fixed rate of 9.99% p.a.!

The Basics

Interest Fixed

Car type New

Security Secured

Car loan type Conventional Car Loan

Start rate p.a. 9.99%

Comparison rate p.a. 11.03%

Max. loan $100,000

The cool stuff: features

Loan insurance available? Yes

Repayment schedule Fortnightly or Monthly

Online application Yes

Redraw facility No

Early repayment allowed Yes

Additional repayments allowed Yes

The Facts & Figures

Min. loan $10,000

Min. term 1 year

Max. term 7 years

The ugly stuff: fees

Signup fee $250

Exit fee $175

Monthly fee $10

Comparison Rate Disclaimer -

Early Repayment Fee -

All product information comes from the product provider or an affiliate and to the best of our knowledge is correct at time of publishing. MoneyBuddy endeavours to keep product information up to date however we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. We recommend that you check the accuracy of all information provided on this website with the product provider. MoneyBuddy earns a referral fee from redirecting website users to a product provider's website. Further details are provided in relation to specific product information. Website users have no obligation to apply for a product or service that they may be referred to by this website.

Warning: These 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.

Westpac says

Get your dream car sooner with a new Westpac Car Loan.

Key features

  • Lock in a special 9.99% p.a. fixed rate when you apply today
  • Choice of loan terms from 1 to 7 years
  • Borrow between $10,000 and $100,000 for a new car
  • Protect against interest rate increases with fixed minimum payments for the term of the loan
  • $250 establishment fee
  • $10 monthly fee
  • Prepayment fee of $175 if your loan term is 2 to 7 years and you pay it off within 2 years
  • Repayments can be made weekly, fortnightly or monthly
  • Make extra repayments when you have additional funds to repay your loan faster

Pros

  • Discount interest rate when you apply now
  • Online application
  • Fixed interest rate with minimum repayment option
  • Make extra repayments to pay off your loan faster
  • No fee for early prepayment after 2 years
 

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