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New Car Loan - Greater Bank

Get the wheels you want sooner with a New Car Loan.

Interest Rate 6.24 %ᴥ p.a.
Comparison rate 6.63 %^ p.a.
Secured - Fixed rates for 1-7 years

Want more to go further?

A competitive rate, low fees and quick approvals. Put the pedal to the metal.

Why choose our New Car Loan?

No repayment shock

Competitive fixed interest rate which lets you stay in control with repayments.

Pre-approval

Get approved in advance so you can shop for cars with confidence.

No monthly or annual fees.

None. Zip. Ever.

Competitive rates

A great low rate when using your car as security. Borrow any amount from $5,000 up to $100,000.

Repayments on your terms

Select a repayment term and frequency that suits you. Loans from 1-7 years, with weekly, fortnightly or monthly principal and interest repayments.

Pay it off sooner

No penalties for making additional repayments, or paying your loan out sooner. Plus, free, unlimited online redraw is available.

 

Rates are effective as at 9am Wednesday 08/07/2026 and are subject to change without prior notice.

New Car Loan interest rates

New Car Loan - terms up to: Interest rateᴥ Comparison Rate^
7 Years Fixed 6.24% p.a. 6.63% p.a.

Fees and charges

Establishment Fee $275
Monthly Fee $0

 

The above are a selection of our fees only, other fees and charges may apply.

Refer to the Lending Products Product Schedule,  Personal Loan Terms and Conditions, and the Lending Fees and Charges for further information regarding terms, conditions, fees, charges and credit criteria that apply.  

What can our New Car Loan be used for?

A Greater Bank New Car Loan can be used to purchase any new car, van, utility, 4-wheel drive for personal use.

Demonstrator vehicles with less than 5000 km's on the odometer will be categorised as a new vehicle for this purpose. Vehicles purchased second hand or refinanced, boats, motorcycles, caravans and trailers will not qualify for our secured new car loan rate.

Who can apply for a New Car Loan?

Anyone can apply for a New Car Loan with Greater Bank, provided that they:

  • Are 18 years of age or older and reside within NSW, QLD or ACT

  • Have a demonstrated ability to afford loan repayments  

  • Are an Australian permanent resident

Our New Car Loan is for customers seeking a loan for the finance of a brand new car, van, 4WD purchase. View our Target Market Determinations here. 

  

How to apply

Apply online

Simply enter your personal and loan details into our online form

Submit your application

That’s it. Too easy - we’ll be in touch to confirm the outcome of your application.

Apply on your own Apply with someone else

Log in

Apply using our app or online banking

Confirm your details

Double-check your personal and loan details are correct

Submit your application

That’s it. Too easy - we’ll be in touch to confirm the outcome of your application.

Log in

 

Calculate your Personal Loan repayments

Got a question about our New Car Loan?

Of course. Here’s how to apply for a Personal Loan with more than one applicant.

Who can apply for a Greater Bank Joint Personal Loan?

Anyone can apply for a joint Personal Loan with Greater Bank, so long as both applicants are 18 years of age or older, have a satisfactory credit history, and are Australian permanent residents. 

What you’ll need to apply for a joint Personal Loan

To get things started, all we need is a few simple details. That’s it.

Our Joint Personal Loan Enquiry Form lets one of our lending experts know that you’re ready to apply with more than one applicant, and they’ll reach out to you.

Before our lending team gets in touch, it helps to have the following handy for all applicants:

  • Your current and previous employer details including name, address and contact number;
  • What you currently earn;
  • Current loan repayments and other payments you make;
  • Credit and store card limits and the value of your assets, and;
  • What your average monthly general living expenses are.

What to expect after applying

After speaking with our lending team, it’s over to us to do all the heavy lifting. You’ll hear from us again before long with the outcome of your application.

Terms, conditions, fees, charges and credit criteria apply.


ᴥTo qualify for the New Car Loan interest rate, the loan must be to purchase a new car, van, utility, 4-wheel drive for personal use. Demonstrator vehicles with less than 5,000 kms on the odometer will be categorised as New for this purpose. Vehicles purchased second hand, refinanced, boats, motor cycles, caravans and trailers will not qualify for the New Car Loan interest rate.


Anyone can apply for a personal loan with Greater Bank, providing that you:

  • Are 18 years or older and reside within NSW, QLD or ACT.
  • Have a demonstrated ability to afford loan repayments.
  • Are an Australian permanent resident.
  • Meet Greater Bank's credit criteria including the ability to meet regular loan repayments as they fall due. 

Terms, conditions, fees, charges and credit criteria apply.

Greater Bank will require some personal information before being able to process your Loan Application.

Proof of identity (ID)

We will need to take a copy of your ID as part of your application. You can provide:

  •  Driver Licence, or;
  • Passport/International Travel Document, or;
  • Photo Card (includes photo and signature).
Proof of income

We will need to take copies of:

  • your two most recent consecutive payslips (no more than four [4] weeks old), or;
  • a current signed letter from your employer on their letterhead, stating your gross annual income, role, or; position, length of employment and employment status.

We also need to see:

  • wage deposits into a transaction account over three (3) months.
If you're self-employed Personal tax returns and, where relevant, business tax returns as well as financial statements, Australian Tax Office (ATO) Notice of Assessments for the last two consecutive years.
If you're eligible for a Family Tax Benefit

A letter from Centrelink, issued within the last six (6) months showing:

  • the type of benefit received.
  • the information used by Centrelink to calculate the payment.

We also need to see:

  • a transaction account statement showing your two (2) most recent payments.
If you receive child support

A Letter of Assessment form from the Child Support Agency within the last six (6) months, plus;

  • account statements showing three (3) months of payments.
If you receive rental income
  • A current letter or statement from the Managing Real Estate Agent, or;
  • Transaction account statements showing the three (3) most recent months of rental credits.
Status of other current (non-Greater Bank) loans

We’ll need documents confirming that any loans you currently have are up to date.

For example, a recent statement showing your name, account number, monthly repayments, credits, debits and loan balance.

For a home loan:

  •  six (6) months of consecutive statements.

For a personal Loan

  • three (3) months of consecutive statements.

For credit/store cards and interest-free loans:

  • your most recent statement.
Details of rent you pay

If you’re a home renter, we need copies of:

  • rent receipts or a rental statement issued by a Real Estate Agent, or;
  • three (3) most recent months payments shown in a Greater Bank transaction account.
Details about the new boat, caravan or motorcycle, or new or used car

Private purchase (car only):

  • current registration papers.

If your loan is for more than $60,000.00 you may need a vehicle inspection certificate.

Dealer purchases:

  • Dealer's invoice.

If you've already purchased the asset and are refinancing:

  • current registration papers.
  • comprehensive insurance policy.



At Greater Bank, we don’t think you should have to wait to get what you want.

That’s why we will assess your Personal Loan application within 2 business days.◊

◊Once all relevant documents have been provided.


Terms, conditions, fees, charges and credit criteria apply.


A comparison rate combines the:

  1.  loan interest rate you will be charged per year on the balance of your loan, with
  2.  the upfront, ongoing and final loan fees and charges you will also need to pay.

The comparison rate can help you estimate the total cost of a loan over a year.

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Frequently asked questions

Drop into a branch

Our friendly staff are happy to help with all your banking needs. Find a location near you across NSW and South East QLD.

Find a branch

Get in touch

Call us Monday to Friday 8:00am – 6:00pm and Saturdays 8:00am – 1:00pm AEST.

13 13 86

Terms, conditions, fees, charges and credit criteria apply.

ᴥTo qualify for the New Car Loan interest rate, the loan must be to purchase a new car, van, utility, 4-wheel drive for personal use. Demonstrator vehicles with less than 5,000 kms on the odometer will be categorised as New for this purpose. Vehicles purchased second hand, refinanced, boats, motor cycles, caravans and trailers will not qualify for the New Car Loan interest rate.

^Personal Loan comparison rates are based on $30,000.00 for a term of five (5) years. WARNING: 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.