Personal loans

Car Loan

Offer your car as security for a lower interest rate.

Apply now

Why choose a Car Loan?

Offer your new or existing car as security and borrow up to $80,000 at a lower interest rate

Fixed interest rate
from 7.49% p.a. (8.60% p.a. comparison rate)^
Variable interest rate
from 12.74% p.a. (13.81% comparison rate)^

 
$3k–$80k
For you to spend how you like

Car Loan interest rates

Fixed rate

  • 7.49% p.a. fixed interest rate
  • 8.60% p.a. comparison rate^
  • 1-5 years flexible loan term
  • Set repayments for simpler budgeting

Variable rate

  • 12.74% p.a. variable interest rate  
  • 13.81% p.a. comparison rate^
  • 1-7 years flexible loan term  
  • Pay your loan off earlier with fewer fees

Note: You can use a personal loan secured with a car to buy items other than a car. If you would like to learn more, call us on 13 33 30.

Is your car eligible as security?

The car you offer as security for the loan must be:

Registered in the applicant’s name once purchased.
A four-wheel vehicle that has never been extensively damaged or written off.
12 years old or less at the end of the loan term to qualify for a lower interest rate.
Covered for one year’s full comprehensive car insurance when you access the funds.

You also get…

Preferred repayment frequency

Choose to make weekly, fortnightly or monthly repayments.

Redraw facility on variable rate loans

Redraw a minimum of $500 from your loan amount if you need to, provided you’re at least $500 ahead on your repayments. Each request is subject to approval and a fee.

Internet banking access

Manage your loan and track repayments online or through your mobile banking app.

Key Fees

  • $195 Establishment fee (added to your loan amount). Excludes all government charges such as stamp duty, search fees, fees to register security interest with the Personal Property Securities Register
  • $12 Monthly administration fee
  • $10 Per redraw on variable loans^^
  • $150 Early repayment fee if you fully repay the loan within the first 12 months (you will also have to pay break costs on early repayment of a fixed rate loan)
  • $100 Early repayment fee if you fully repay the loan after the first 12 months and before the end of the loan term (you will also have to pay break costs on early repayment of a fixed rate loan)

What are break costs?
Break costs are an amount equal to our reasonable estimate of loss if you break a fixed rate loan term. You’ll need to pay break costs upon early payout or partial payment (in excess of the limit set out in the loan terms and conditions) of a fixed rate loan.

Note: Fees are subject to change. Your loan is more likely to be approved if you’ve been with St.George for six months or more.

The Detail

Before making a decision, please read these documents to ensure you’re aware of all fees, charges and interest rates.
Terms and conditions
General details of our personal loan products
Fees and charges
All costs for specific personal loan services and accounts

How to apply for a loan

1.
Apply online in 10 minutes – 5 minutes for existing customers – depending on your internet connection.
2.
We’ll then review your application and may ask you for more details to verify your income and learn about the car you’re offering as security.
3.
When you’re ready, provide us with information about your car and we’ll review it to make sure the vehicle is suitable for your secured loan.
4.
Once your application has been approved, visit a branch with proof of comprehensive insurance to review and accept the contract. We’ll then credit the funds into your account or give you a cheque payable to the car seller.
Get started

Not right? Try these

Unsecured personal loan

A personal loan that
doesn’t require security

Personal Overdraft

Funds to help cover
unexpected expenses

View all personal loans

Important information

Terms and Conditions (PDF 213KB)

Fees and Charges (PDF 183KB)

Internet Phone Banking Terms and Conditions (PDF 226KB)

Any advice on this website is general in nature and has been prepared without considering your objectives, financial situation or needs. Please read the product disclaimer and Terms and Conditions (PDF 213KB) documents and consider your individual circumstances before applying for a St.George Personal Loan. Credit criteria, fees, charges, terms and conditions apply. Information correct as of 9 February 2021.

^Comparison rates: Comparison rates help you understand the true cost of a loan. All comparison rate examples shown are for a personal loan amount of $30,000 and a term of 5 years. WARNING: Comparison rates apply only to the example or examples given and may not include all fees and charges. Different loan amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Secured Personal Loan repayment terms range from 1 to 5 years for a fixed rate loan and 1 to 7 years for a variable rate loan. Interest rate ranges and representative examples are based on an unsecured loan of $30,000 borrowed for 5 years:

  • The minimum and maximum interest rate for a secured fixed rate loan is 7.49% p.a. (Comparison rate 8.60% p.a.) with the estimated total amount payable including fees is $37,014.
  • The minimum and maximum interest rate for a secured variable rate loan is 12.74% p.a. (Comparison rate 13.81% p.a.) with the estimated total amount payable including fees is $41,701.

*To qualify for a lower interest rate, the motor vehicle offered as security must not be more than 12 years old upon loan expiry. The vehicle used as security must be registered under the applicant's name and made locally or imported by the manufacturer and all the lending criteria met. If the loan to value ratio of your loan is greater than 150%, then an extra 1% p.a. may be added to the presented interest rate shown for your secured loan.

^^A Redraw facility is available on variable interest rate loans only. Redraw requests are subject to approval. Minimum redraw amount is $500 and a $10 redraw fee applies to each approved request. Other fees and charges may apply.

##Break costs are an amount equal to the Bank's reasonable estimate of its loss due to breaking the fixed rate period of the loan. Full details of costs refer to Loan Account Fees and Charges document (PDF 183KB).

Unless otherwise specified, the products and services described on this website are available only in Australia from St.George - A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.