Rating based on 67 reviews

Westpac Car Loan

  • Car finance up to $100,000
  • Low-interest starting from 8.49%
  • Repayment up to 7 years

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Westpac homepage
Author Westpac. Screenshot of Westpac website.
[Accessed March 15, 2023]

About Westpac

For nearly 200 years, Westpac Car Loans has served its customers with dedication and professionalism.

The history of Westpac began in 1817 when it started operating under the name Bank of New South Wales in Sydney. After the merger with the Commercial Bank of Australia, its name became Westpac Banking Corporation.

In the year 2008, the corporation merged with St.George Bank. Westpac is one of Australia’s first banks and oldest companies as well as one of the largest banks in New Zealand.

Serving individuals and businesses

Today, Westpac has branches throughout the Pacific region and offices in the major financial hubs around the globe where they offer home, personal, and car loans at the lowest rates.

They employ around 36,000 people and have over 12 million customers. Their global assets are worth AU$ 677.5 billion. It is among the top 5 companies listed on the ASX with a market capitalization of AU $95.5 billion.

Westpac's three major divisions

  1. Retail,
  2. Business finance
  3. Personal finance.

Their sales and customer service operations are run by Westpac Retail & Business Banking. BT Financial Group Australia is responsible for its wealth management and insurance operations.

Westpac Services

Westpac offers vehicle finance between $10,000 and $100,000.

They can finance the purchase of your car, whether it be a new car or a used car. The vehicle which you buy is used as security for the loan to make things simple, easy, and affordable for you. Ride off in your new car in no time with a Westpac car loan. 

Quick loan approval

Westpac has a fast straightforward online loan application process to ensure that your time is not wasted. They are also known for their swift approval and loan processes.

Westpac offers a fabulous fixed interest rate of 9.99% p.a with a comparison rate of 11.03% p.a for a limited time only. You can save big time with this exclusive deal right now.

Low monthly service fees

Westpac has a monthly service fee of $10.00. You can select the repayment term that meets your requirements as well as your preferences and your personal financial situation. The term can be anywhere between 1 to 7 years.

They only charge an establishment fee of $250 although other fees may apply where applicable.

Westpac – Car finance

  • Loan Type Car finance
  • Interest Rate from 8.49%
  • Loan Amount up to $100,000
  • Repayment 1 year to 7 years
  • Initiation Fee $250

Benefits of Westpac

  • Flexible repayment options
  • Get lower interest rates o
  • Apply online and get preapproved 

Car finance calculator

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

Westpac - Affordable finance for your wheels

Westpac in Sydney Australia is quickly becoming one of the largest car finance institutes in the country.

Benefits of a loan at Westpac

  • You get to borrow between $10,000 and $100,000 for your car finance (conditions apply)
  • Fixed rates of 8.49% per unit. (comparison rate 9.54% p.a.)
  • Repayment terms for the duration of up to 7 years
  • $250 service fee
  • $10 monthly service charge (other fees could apply).

The loan expectations

  • Repayment management
  • You get to choose when your repayments will be done including how many times you’d like it to be done within the 7 years. (weekly, fortnightly or monthly)
  • Make further repayments to repay your loan quicker. If you select a term larger than 2 years, there's a fee of $175. This fee is waived if you disburse your loan by refinancing to a different Westpac loan.
  • Apply for a loan online for your loan, at any time of the day. Westpac services are available from 8 am to 8 pm 7 days a week.

Your application all depends on the following

Your application results will depend upon your credit criteria, fees, charges, terms and conditions which apply with the particular loan. What happens if you suddenly lose your job or become unable to work through illness or injury? Financial commitments continue albeit your financial gain doesn’t. Westpac loan compensation Protection insurance will facilitate these times.

Counting on individual circumstances, they put a hold on loan repayments till you recover and are able to start paying your instalments once again. In the event of your death, Westpac will make sure your repayments will be covered therefore a loan protection insurance will be included in your online loan application.

Loan protection Insurance

You can have peace of mind, whenever you take out a loan at Westpac. When your personal loan is approved, you’ll have to be asked to give details for insurance as well as a third party that is selected before the loan is taken care of. You may be able to borrow further funds on your car loan, should you need any mechanical repairs or work done to the car.

Requirements for a Westpac consumer loan

  • You have to be a permanent resident of Australia
  • Must be 18 years and older
  • Have a monthly income
  • If you are unsure as to whether or not you meet the criteria, feel free to contact Westpac help Centre for assistance with any of their online loans.
man holding thumbs up

Westpac is a trusted & reliable provider of car finance

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

May 2019

I didn’t think getting my car loan could be as easy as taking 10 minutes to fill in an application, and then waiting for a decision- which didn’t take long either.

Brad M
— Canberra —

July 2019

The consultants are always helpful and friendly.

Renae B
— Perth —

February 2019

I applied for a car loan to replace my old one and they were completely transparent with me throughout. It’s nice to know that a company has your back and Westpac certainly does.

Kristyana L
— Hobart —

Westpac Contact

Physical Address

Opening Hours

  • Monday 09:30 – 16:00
  • Tuesday 09:30 – 16:00
  • Wednesday 09:30 – 16:00
  • Thursday 09:30 – 16:00
  • Friday 09:30 – 17:00
  • Saturday – Closed
  • Sunday – Closed