Compare Car Loan Rates

A loan secured against the vehicle usually prices well below an unsecured one, so how the loan is structured matters as much as which lender writes it. Compare fixed and variable car and vehicle loans from 48 Australian lenders below, filter by amount and term, and check the comparison rate and any balloon payment, with rates from 5.74% to 12.99% p.a.This is our lowest starting rate for these products. Other factors may change rates once you filter your results. See sorting and ranking for more info. (7.16% to 14.34% comparison rate*) with Westpac’s Car Loan.

Rates checked against every provider’s own published dataWe show all of the product information we are able to access. For banking products that is each provider’s public Consumer Data Right (CDR) Product Reference Data endpoints, published under the Consumer Data Standards (CDS) maintained by the Data Standards Body. Where a provider does not publish a field, or a row is an editorial selection, we say so. on 19 Oct 2026
Written by Joshua PevyReviewed by Jordan PearceLast updated 19 Oct 2026How We Rank This PageEditorial StandardsOur Writers

Today's featured Car Loans

Lowest comparison rate for your filters

5 Year Variable Interest Vehicle Loan
SWSbank
Variable
Advertised rate5.79%
Comparison rate5.79%
Monthly repayment$97/moInterest-only periodon $20,000 over 5 years

5 Year Variable Interest Vehicle Loan. It might be a car, caravan or float.

Interest onlyExtra repayments

Lowest comparison rate for your filters

Green Car Loan
bankWAW
Variable
Advertised rate5.79%
Comparison rate5.82%
Monthly repayment$385/moon $20,000 over 5 years

Available for new or used EVs or plug-in hybrids purchases up to seven years of age with no monthly service fees

Principal & interest

Comparing 98 products

15 membership-required products hidden from this list.

Every car loan here will lend $20,000, so all 98 are shown.

Your situation

Loan term

Borrowing $20,000 over 5 years at the lowest advertised shown:

Monthly repayment from
$384/mo
Total repaid
$23,055
Total interest
$3,055

Estimate only, based on the lowest advertised interest rate shown and assuming equal monthly repayments. That loan is priced on a range, so this uses the lowest rate in its range. Actual repayments depend on your rate, fees and loan terms.

ProductActions
Family FirstAdvertised rate9.99%Comparison rate10.35%Monthly repayment$425/moVariableFeatures:

Still get a great car loan rate for a used car between 3 and 5 years old.

Coastline BankAdvertised rate10.00% to 12.00%Comparison rate10.59% to 12.60%Monthly repayment$425/moAt the lowest rate in the rangeVariablePrincipal & interestFeatures: Extra repayments
Bank FirstAdvertised rate10.79%Comparison rate12.16%Monthly repayment$433/moUnsecuredVariablePrincipal & interestFeatures:
First Option BankAdvertised rate10.99%Comparison rate11.24%Monthly repayment$435/moVariablePrincipal & interestFeatures:
First Option BankAdvertised rate10.99%Comparison rate11.24%Monthly repayment$435/moVariablePrincipal & interestFeatures:
Darling Downs BankAdvertised rate11.75%Comparison rate12.75%Monthly repayment$442/moFixedPrincipal & interest
Darling Downs BankAdvertised rate11.75%Comparison rate12.75%Monthly repayment$442/moFixedPrincipal & interest
Liberty FinancialAdvertised rate12.49%Comparison rate15.06%Monthly repayment$450/moVariablePrincipal & interest
Beyond Bank AustraliaAdvertised rate12.99%Comparison rate13.87%Monthly repayment$455/moFixedPrincipal & interestFeatures: Extra repayments

A Flexi Car or Personal Loan offers maximum flexibility to bring your plans to life with a competitive fixed interest rate. Make extra repayments on top of your regular repayments at no extra cost…

Darling Downs BankAdvertised rate13.75%Comparison rate14.61%Monthly repayment$463/moVariablePrincipal & interest
Darling Downs BankAdvertised rate13.75%Comparison rate14.86%Monthly repayment$463/moVariablePrincipal & interest
SWSbankAdvertised rate5.79%Comparison rate5.79%Monthly repayment$97/moInterest-only periodVariableInterest onlyFeatures: Extra repayments

5 Year Variable Interest Vehicle Loan. It might be a car, caravan or float.

SWSbankAdvertised rate6.00%Comparison rate6.00%Monthly repayment$100/moInterest-only periodVariableInterest onlyFeatures: Extra repayments

7 Year Variable Interest Vehicle Loan with no penalty for extra payments

Orange Credit UnionAdvertised rate6.89%Comparison rate7.26%Monthly repayment$115/moInterest-only periodVariableInterest onlyFeatures:
Police Credit UnionAdvertised rate7.24%Comparison rate7.65%Monthly repayment$121/moInterest-only periodVariableInterest onlyFeatures:
TMCUAdvertised rate7.39%Comparison rate7.70%Monthly repayment$123/moInterest-only periodVariableInterest onlyFeatures: Extra repayments
Laboratories Credit UnionAdvertised rate8.05%Comparison rate8.33%Monthly repayment$134/moInterest-only periodVariableInterest onlyFeatures:

Variable - Principal and Interest - 0 to 5 years old

TMCUAdvertised rate9.39%Comparison rate9.70%Monthly repayment$157/moInterest-only periodVariableInterest onlyFeatures: Extra repayments

Comparison rate warning and base criteria

Base criteria: repayment figures shown in this table are calculated on a loan of $20,000 over 5 years. Repayment estimates use each loan’s advertised interest rate, with the comparison rate shown beside it as a guide to total cost. Where a lender publishes a range of rates, the estimate uses the lowest rate in the range, and the rate you are offered depends on your circumstances. These figures are examples only. They are not a quote, and they may not include all fees and charges.

*Warning: the comparison rate shown is calculated by the lender on its own standard example, usually a $30,000 loan over 5 years. This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Products are selected for relevance to the table and to the filters applied. They are not suggestions or recommendations, and the order they appear in is not a ranking of suitability.

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Rates, fees and charges are subject to change without notice. Before acting on any information shown here, you should confirm the rates, fees, charges and product information with the provider. For clarity, where we have used the terms “lowest” or “best”, these relate solely to the rates of interest offered by the provider and not to any other factor. The application of these terms to a particular product is subject to change without notice if the provider changes their rates.

We do not compare every car loans available in Australia, and this table does not compare every feature that may be relevant to you. Changing the filters will surface further relevant products. See how we sort and rank products and how we make money.

This information is general in nature. It does not take into account your objectives, financial situation or needs, and it is not a recommendation to apply for or hold any particular product. You should read the provider’s Key Facts Sheet, Target Market Determination and credit contract terms before deciding. CompareThat compares products. We do not arrange, approve or process applications.

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The Numbers Behind These Rates

Where this market sits today, and the official figures behind it.