How much can I borrow to buy a car?
How much money you can borrow to buy a car will depend on a number of things, including your financial situation, savings, income and expenses, credit history, and the cost of the car.
To help get your personal loan approved it’s important you meet the loan criteria. As well as being 18 years or older, you’ll need to provide information such as proof of income, other loan statements and your expenses. Refer to our Application Checklist for more information.
To find out what your repayments could be use our car loan calculator. This calculator helps you to estimate loan repayments as well as other costs associated with purchasing and running a car, like registration and insurance.
There are a number of costs associated with purchasing and running a car. It’s important to understand these costs and how they might impact your repayments and your overall budget.
Our car loan can be used for either new or used vehicles. However, if you are looking at purchasing a vehicle over 5 years old you will be better off looking to apply for a Standard Personal Loan.
By obtaining loan approval first you will know how much you can afford before you shop around.
Download our handy Application Checklist (pdf) to make sure you’ve got what you need.
Start your application online now, call 13 14 22, or visit your nearest branch to get the ball rolling.