Repayment options to suit you
Choose the loan term - from three to seven years - and repayment frequency.
Great fixed rate
Have peace of mind knowing exactly what your repayments will be.
Make extra payments
Pay more than your minimum repayments as and when you choose.
An early repayment fee applies if you close the loan within the first two years.
Access surplus funds 24/7
Redraw online and on the go with the Bankwest App.
Our Secured Car Loan is great for buying a car, consolidating your debt, home improvements or taking a holiday.
|Fixed rate||6.99% p.a.|
|Comparison rate||7.34% p.a.|
|Understand the comparison rate|
|Monthly loan maintenance fee||$5|
|Early repayment fee if loan is closed in first 24 months||$250|
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Note: Applications are subject to credit approval.
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What’s the comparison rate?
It’s a tool that can help you identify the truer cost of a loan. It’s calculated using a standard formula that includes the interest rate, as well as certain fees and charges relating to a loan (not all fees and charges are included).
Comparison rate warning:
Comparison rate based on a secured personal loan of $30,000 over 5 years. WARNING: This comparison rate applies only to the example given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees, 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.
Representative example of total loan cost: For $30,000 borrowed over a 5-year term at 6.99% p.a. (7.34% p.a. comparison rate) the total amount payable is $35,933.40 including interest and fees. This example is an estimate only and assumes all repayments are made on time.