Car Loan

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Car Loan

Cruise your way to a competitive loan for your new vehicle

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6.74% p.a.

Variable rate

7.39% p.a.

Comparison rate¹

Get to where you’re going, faster. Designed to help get you on the road, the water, or across the land even faster, here are some key benefits of our Summerland Car Loan.

All interest rates

All loan options

Features

What can I use a car loan for?

Summerland Bank wants to get you where you’re going, which is why we offer competitive rates and a straightforward application process on all car loans.

New or used cars (under five years old)

Recreational vehicles like caravans, campervans or motorhomes

Motorbikes

Benefits of choosing Summerland

Competitive Rates

With no early repayment fee on loans ranging from $5,000, access low competitive rates on car finance to get you where you’re going.

Fast loan approval

Our experienced on-shore team provides fast loan approval (often within 24 hours) and flexible repayment options, so you can choose a schedule to suit your needs.

Maximum peace of mind

Experience maximum peace of mind with financial protection, a streamlined claims process and comprehensive coverage options to safeguard your investment against the unexpected.

Calculators & tools

Check with our calculators

Access all our calculators here.

Basic loan repayment

What can I afford to borrow?

Lump sum payment

Frequently asked questions

What is the maximum loan amount I can borrow?

How much you can borrow is typically referred to as your ‘borrowing power,’ and what that number is can be different for each and every customer. While we make the process as transparent as possible, these are a few of the things we take into account: your income, assets, expenses, loan duration, and the type of loan you’re interested in.

Are there any fees associated with a car loan?

Yes, establishment and monthly fees apply see loan fee schedule.

How long does the loan approval process take?

We are not here to stall your dreams. Typically, loan pre-approval and approval processes take 1-2 business days so you can get to where you’re going, faster.

Application process

We make things simple for you

We understand how confusing it can be to navigate financing a big purchase. Let our experienced lenders take away the stress of applying for finance.

Apply online, or start a conversation with our lending specialists

Your lending specialist will carefully guide you through the application process, be prepared to share your goals and financial information so we can let you know your borrowing capacity.

Application and approval

Once you have provided us with your financial information and verification documents, we will have a decision back to you lightning quick! usually within 2 business days.

Loan acceptance and funding

We make the loan acceptance process quick and easy, ensuring you can access your loan funds in time for your big purchase!

Compare personal loan options

Use our handy personal loan comparison table to compare loan rates, options and features side by side.

Compare now

Start your application today

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The legal stuff

1. The comparison rate is based on a secured loan of $30,000 over 5 years.

2. The comparison rate is based on a secured loan of $10,000 over 3 years.

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.

3. Limited to cash held in a Summerland savings or fixed term deposit account.

Rates are subject to change. Conditions, fees, and eligibility criteria may apply, see us for details. Terms and Conditions available upon request.

Target market determination available on request at our branches.

Loans Fees & Charges, Loans Rates