With a low-interest rate, low fees, and flexible repayment options, our New Car Loan could help you get the wheels you want sooner. Loans can be approved in as little as 24 hours*.
New Car Loan - terms up to: | Interest Rate | Comparison Rate^ |
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7 Years Fixed | 5.78% p.a. | 6.16% p.a. |
Establishment Fee | $275 |
Monthly Fee | $0 |
The above are a selection of our fees only. Additional Fees and Charges may apply. Subject to Greater Bank's lending criteria. For further information please view the Lending Products Product Schedule and Personal Loan Terms and Conditions.
Proceeds from the new car loan must be to purchase a 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.
Anyone can apply for a New Car Loan with us, provided that you:
Anyone can apply for a Personal Loan with Greater Bank, providing that you:
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:
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Proof of income |
We will need to take copies of:
We also need to see:
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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:
We also need to see:
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If you receive child support |
A Letter of Assessment form from the Child Support Agency within the last six (6) months, plus;
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If you receive rental income |
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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:
For a personal Loan
For credit/store cards and interest-free loans:
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Details of rent you pay |
If you’re a home renter, we need copies of:
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Details about the new boat, caravan or motorcycle, or new or used car |
Private purchase (car only):
If your loan is for more than $60,000.00 you may need a vehicle inspection certificate. Dealer purchases:
If you've already purchased the asset and are refinancing:
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At Greater Bank, we don’t think you should have to wait to get what you want.
That’s why we aim to approve your Personal Loan within 24 hours.
A comparison rate combines the:
The comparison rate can help you estimate the total cost of a loan over a year.
Maybe you’re not alone. Our FAQs answer some of the more common banking questions we get asked.
Our friendly staff are happy to help with all your banking needs. Find a location near you across NSW and South East QLD.
Conditions, fees and charges apply.
*Subject to meeting Greater Bank’s lending criteria. To 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. View our Terms and Conditions.