Car loans

Looking to purchase your dream car, upgrade to a larger car or replace your older model car?
We offer car loans for the purchase of a wide range of personal and light commercial vehicles, both new and used.
Apply Now

Why Us?

Member First

We’re here to help. We prioritise your needs above all else.

Trust & Service

We provide reliable and responsive service to ensure you feel valued and understood.

Great Value

Choose from a range of highly competitive and award-winning products.

Environmentally Friendly

We 100% offset our carbon emissions and support environmental and conservation projects.
10.99%
Interest Rate1

11.25%

Comparison rate2

Car loans for the purchase of new or used cars less than 7 years old.

Features

  • Loan terms up to 7 years
  • Available for vehicles aged up to 7 years
    (Older vehicles can be considered)
  • Principal plus interest terms
  • Minimum loan amount is $15,000

Inclusions

  • No early payout penalties
  • Unlimited Extra repayments
  • No annual fees
  • No early pay-out fee
  • Redraw: available for a $10 fee

Fees

  • Application fee: $1753
Enquire Now
Email us

1 Interest rates are subject to change at the discretion of First Option Bank 2 WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rates are calculated on a loan amount of $30,000 over a term of 5 years. 3 Eligibility criteria, terms and conditions, fees and charges apply. Normal lending criteria apply. Stamp duty and government charges may apply. Any legal and valuation fees will be on-charged at cost. Product is provided by First Option Bank Ltd ABN 95 087 650 735, Australian Credit Licence no. 236 509