Rating based on 21 reviews

Westpac Car Loan

  • Car loans up to $100,000
  • Low-interest starting from 9.54%
  • Repayment up to 7 years

In-page navigation

Westpac homepage
Author Westpac. Screenshot of Westpac website.
[Accessed June 10, 2018]

About Westpac

Headquartered in Sydney, Westpac (derived from Western Pacific) is one of the “big 4” Australian banks and has a huge reach with its network of branches and ATM’s.

From a rather typical banking origin of establishment, acquisitions & mergers and finally the merger that made it the Westpac of today, the Bank of New South Wales (as it was originally known), has grown to be a multinational player in the financial services industry.

Polished and professional

All customary products such as accounts and online banking apps, personal loans and associated insurance & other products complete the modern-day Westpac’s offering. Presenting online as polished and professional, the car loan application process is relatively simple and transparent.

Strong market share and consumer appeal

With strong appeal based largely on its hale origins and current holdings, Westpac is a dynamic and favoured port of call for many Australians seeking finance.

One of the top lenders

It is, without doubt, one of the top lenders on the continent. It has over recent years tweaked its offering somewhat in the aftermath of the rise of numerous other smaller lending entities who have made great effort to pare the loan process down to basics while also trimming peripheral fees.

Westpac Services

Westpac's car loan offer facilitates loans for new or used vehicles, from a minimum of $10000 up to a maximum of $100 000.

The loan is secured with the vehicle

With some of the country’s most competitive rate, a fixed interest rate of 8.49% is offered against a comparative rate of  9.54% per annum.

Repayment terms range from 1 year up to 7 years and there is also a $250 application fee for extending the loan at the outset. A service fee of $10 a month applies to the loan account once granted.

Repay as it suits you

Weekly, fortnightly or monthly repayment periods are offered and in spite of the costs involved in taking up a vehicle loan with Westpac (although they are similar to many other competing entities), they are known as a bank that is flexible on the scheduling of repayments and a consumer’s credit rating is seldom adversely affected by shuffling those terms.

As long as the loan is settled within seven years, Westpac considers a client to be in good standing.

Westpac – Car loan

  • Loan Type Car loans
  • Interest Rate from 9.54%
  • Loan Amount up to $100,000
  • Repayment 12 months to 7 years

Benefits of Westpac

  • Low-interest rates start at 9.54%
  • Get vehicle finance up to $100,000
  • Repayment terms are up to 7 years

Car loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This loan calculator is for illustration purposes only.
The use of this quick loans calculator is subject to our terms of use.

Westpac is a dynamic lender, with quick applications and low interest rates

Westpac accepts early settlement of vehicle finance but in the event of the original term is longer than 2 years and a client prepaying before those 24 months are up, a $175 penalty will be levied.

Fees like these can be avoided by refinancing through an additional personal loan and this is typical of a large banks’ value-add. The more one transacts through Westpac, the greater the chances of parcelling products and avoiding itemised fees on various accounts.

Insurance and value-added services

Insurance and other car loan related products are outlined online and Westpac’s quick loans are appealing to many as the process is unusual in that it puts the appeal of pre-approval into words.

While many other lenders follow a similar route, the depiction of a consumer shopping for their car, knowing that finance is already taken care of, resonates with many.

A simple online application and 24/7 help

While one might imagine that the personal touch has been lost in such a giant entity, nonetheless their helpline is a 7 days a week/12 hours a day facility and consultants are clearly well versed in facilitating any online loan application.

Any car loan can be completed without input online though, as the application pages walk one through a clear process.

You don’t need a bank card to pay

Introducing pay wear it’s simple and easy and the best part is yours don’t have to carry your wallet everywhere. Imagine going to the beach but not wanting to take your wallet with well now you have to take with is your wrist band and you will be able to make a payment that way. There are a few easy steps to get you all connected with Pay wear. You would need to purchase from Essentials range which is waterproof for your connivance or you would have to purchase from Centsitive where you find a band that suits your day to day needs. Oh, the bonus part is that when you purchase you will get 10% off your purchase. Then once you have your device you will need to register online there are three easy steps that you will need to follow and you will be all up and running. 

We want you to join us

We are offering new members 50 Dollars to be placed in their account when you join our bank. This is only for new members and terms and conditions are applied for the 50 Dollars. Wouldn’t it is great to have the extra 50 Dollars for yourself? You can use the money to help you with account fees or just buy yourself something nice, It’s up to you how you use your money.

man holding thumbs up

Westpac is a trusted & reliable provider of car loans

In our review, Westpac adheres to the compliance criteria in accordance with the National Consumer Credit Protection Act 2009, where the granting the loan will not cause financial distress to the consumer.

Westpac is a registered credit provider in Australia: ACL 233714

Customer Reviews & Testimonials

October 2018

I love the pay method. for someone who is active and enjoys running along the coast, it is great to know that I can go with just my band and pay and not need to carry around a wallet or cash.

Ryan S
— Brisbane —

April 2018

Great service and lovely advice from one of the brokers at Westpac they really care about you.

Karen R
— Perth —

Westpac Contact

Contact Number


  • not available


Physical Address

Opening Hours

  • Monday 09:00 – 17:00
  • Tuesday 09:00 – 17:00
  • Wednesday 09:00 – 17:00
  • Thursday 09:00 – 17:00
  • Friday 09:00 – 17:00
  • Saturday – Closed
  • Sunday – Closed