Car Loans
Simplify your car financing with new and used car loans, each offering tailored features for your convenience.
Explore exclusive opportunities with Broken Hill Bank's featured loan offers.
Tailored opportunities for limited time to meet unique needs, seize the moment and turn financial aspirations into reality.
Featured Offers
Making car and vehicle ownership simple and flexible
At Broken Hill Bank, we understand that owning your dream car is not just a luxury but a necessity for many, and often saving to pay for the car upfront isn’t an option. Whether you're looking for a new set of wheels, a reliable family vehicle, or that stylish sports car you've always wanted, our car loans are designed to help make it all possible.
Why choose Broken Hill Bank
Broken Hill Bank not only stays in contact throughout the whole lending process, but we endeavor to ensure your whole banking journey is as easy as possible.
From application to repayments, to everything in between, we will happily be with you every step of the way.
100% customer owned - 100% community focused
Broken Hill Bank Car Loans
| Loan | Interest Rate | Comparison Rate# |
|---|---|---|
| New Car Loan | 9.24% p.a. | 9.67% p.a. |
| Used Car Loan - from | 10.75% p.a. | 11.18% p.a. |
| Special Car Loan offer | 6.49% p.a. | 6.88% p.a. |
Motorcycle, boat and caravan loans
Our car loans also facilitate and extend to other vehicle purchases such as:
Motorcycle loans
Caravan loans
Boat loans
Jet Ski loans
If you’d like to find out more about our vehicle loans, contact us today.
Your dream new or used car is closer than you think with Broken Hill Bank's car loan options. Don't wait any longer. Take the first step toward owning the car you've always wanted by contacting us or completing our application form today. Broken Hill Bank is committed to helping you drive your dream car, whether it's new or used.
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At Broken Hill Bank, we're here to make owning your dream car simple. Car loans work by providing you with the funds you need to purchase your vehicle. You'll repay the loan with interest over an agreed period. This way, you can enjoy your new car while spreading the cost over time to help you manage your finances.
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To be eligible to apply for a used or new car loan, all applicants must be:
At least 18 years of age
An Australian Citizen or permanent resident of Australia
In receipt of regular income
Confirmation of vehicle purchase (sales invoice, registration papers, letter from private seller etc.)
Vehicle specifications
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The best way to calculate your interest and repayments is by using our car loan calculator. This easily determines your car loan interest based on the loan amount, interest rate, and loan term. Keep in mind that repayments to your car loan can change depending on the circumstances, additional charges or the flexibility of the loan.
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Everyone’s situation is different however, banks can offer you competitive rates, loan terms and, in some cases, fewer fees and charges on your loan. Better yet, borrow from Broken Hill Bank and you’ll also qualify for Relationship Rewards where we waive transaction fees on savings/transaction accounts*. Use our car loan calculator to easily determine your repayments.
*conditions apply
Frequently Asked Questions
Important Information
Broken Hill Bank, a business name of The Broken Hill Community Credit Union Ltd ABN 12 087 650 762 Australian Credit Licence 238020. Credit eligibility criteria, terms and conditions, fees and charges apply.
* Discounted Interest Rate Offer
Discounted Personal Loan (Car Loan) offer is valid for new personal loan applications received from 29 January 2025. Interest rates are current as at 21 January 2025 and are subject to change at any time. Minimum loan amount $10,000; $280 Loan Establishment Fee applies. Minimum loan term is 12 months and maximum loan term is 7 years. No penalties apply for paying out early. A Discounted Personal Loan (Car Loan) may be used to purchase or refinance from another financial institution a car, caravan or motorcycle up to 4 years old from year of manufacture (currently from 2022) and must be used as security. Other rates apply to other personal loan types.
# The comparison rate is based on a secured loan $30,000 over 5 years.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different amounts and terms will result in different comparison rates. Costs such as redraw fees and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.