^^To qualify for a Car Loan, applicant must meet all credit criteria and the car offered as security must meet all criteria - either new or if used, cannot be older than 7 years at time of application, registered under the applicant’s name, has been made locally or imported by the manufacturer, has never been written off (even if it was repaired), has a paid, fully comprehensive insurance policy with Westpac noted as the financier and is for personal use only. If you’re using a Westpac Car Loan to buy an electric or hybrid car, check our list of eligible vehicles.
Car finance calculator full#
Please read full terms and conditions before making a decision to apply for a Westpac Personal Loan. #The lending establishment fee will be added to your loan amount. The calculations should not be relied on for the purpose of making a decision whether to apply for a car loan. The amount you can borrow may vary once you complete a loan application and all the details relevant to our lending criteria are captured and verified. The calculation is not an offer of credit. The calculator does not take establishment fees, stamp duty or other government charges into account. It is for illustrative purposes only and is based on the accuracy of the information provided. to 12.16% p.a.)Īny calculation made by you using this Car Loan calculator is intended as a guide only. (comparison rate 7.20% p.a.), the estimated total amount payable including fees is $35,801. The actual rate offered may be higher or lower than the comparison example above. Interest rate ranges and representative examples are based on a personal loan of $30,000 borrowed for 5 years with the interest rate of 5.99% p.a.
^Comparison rates: Comparison rates help you understand the true cost of a loan.
Information correct as of 14 August 2022. Credit criteria, fees, charges, terms and conditions apply. Please consider your individual circumstances before applying for a Westpac Personal Loan.
Car finance calculator professional#
For this reason, you should consider the appropriateness of the information to your own circumstances and, if necessary, seek appropriate professional advice. This information is general in nature and has been prepared without taking your objectives, needs and overall financial situation into account. Online Banking Terms and Conditions (PDF 415KB) Officially imported (no ‘grey’ imports).Our car loan calculator Australia can also give you an idea of what a loan could cost you.Consider this loan if the car you want is more than 7 years old, you want a motorbike, caravan or something else, or you don’t want to offer the car as security.Īs this loan’s secured against your car, you get a lower rate than our Unsecured Personal Loan^^.Īs this loan’s secured against your electric or hybrid car, you get a special lower rate^^įrom 7.99% p.a. (comparison rate 9.18% p.a.
Car finance calculator for free#
You can do this for free through one of the main Australian credit bureaus: Equifax, illion and Experian. After you’ve decided on your preferred lender, and we’ve made sure you’re likely to be approved, we’ll then submit your application to the lender who will run a full credit check.īefore you start applying for loans, it’s a good idea to check your credit score and review your credit history. This means we can access the score that lenders will use to price your loan, without recording an enquiry on your file or impacting your credit score. For other lenders, your credit score isn’t the most important factor, and they’ll consider things like your income, age of the vehicle and employment status when assessing your application.ĭriva runs a ‘soft credit check’ when you apply for your personalised quotes. In many cases, the higher your credit score, the lower interest rates you’ll be eligible for. For many lenders, your credit score will have a big impact on both your eligibility for a loan as well as the rate you’re charged. Each lender has different eligibility criteria, so it’s tricky to say.
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