Car Loans

Features

  • Free online redraw
  • Flexible repayments
  • No early repayment fees
  • Maximum loan term of up to 7 years

Applying online can take as little as 20 minutes. Our team will review your submission and email you with information about your application within 1 business day, with any outstanding documents that may be required. To check if you are eligible to apply online, please see below.


 

New Car Loan

Vehicles up to 5 years old.

For Members purchasing or refinancing eligible vehicles - Motor Vehicles, Motorbikes, Boats, Caravans & Jet Skis. Excludes internal refinances.

7.24% PA

Interest Rate

7.87% PA

Comparison Rate*

Green Car Loan

Vehicles up to 7 years old

For Members purchasing or refinancing an eligible plug-in hybrid electric vehicle (PHEV) or electric vehicle (EV).

6.74% PA

Interest Rate

7.37% PA

Comparison Rate*

Car Loan

Vehicles up to 10 years old

For Members purchasing or refinancing eligible vehicles - Motor Vehicles, Motorbikes, Boats, Caravans & Jet Skis.

9.24% PA

Interest Rate

9.86% PA

Comparison Rate*

Eligibility (New Car and Green Car rate):
  • a salary credit of at least $1,500 per month must be deposited into your QBANK transaction account

 

Information & Fees

Minimum Loan Amount $1,000
Maximum Loan Amount $150,000
Maximum Loan Term 7 Years
Repayment Frequency Weekly, Fortnightly or Monthly
Monthly Fee $5
Loan Funding Fee $195

You can apply online if you are:

  • Eligible to be a QBANK Member, click here for a complete list of eligibility criteria;
  • 18 years or older
  • Currently residing permanently in Australia
  • Not self-employed
  • Only applying in your name or with one other person
  • Only applying for a passenger vehicle
  • Not applying for a jet ski, trailer or caravan, etc 
  • Able to provide a residential (physical) address — PO Boxes and similar are not accepted

If you do not meet the above criteria, you can still apply over the phone (13 77 28 - Monday to Friday between 8:45am and 4:30pm) or fill out an enquiry form and one of our team members will contact you.

Before you begin, it’s a good idea to have a few things on hand. Here’s what you’ll need:

  • Proof of ID (driver’s licence or passport)
  • A valid physical address (PO Boxes cannot be entered)
  • Employment information (employment status and how long you’ve been in your current job)
  • To verify your income, expenses, and existing debts, you'll be redirected to a secure portal provided by our trusted third-party partner, where you'll log in using your internet banking details—QBANK will not see or store your login information.

Car Buying Service

If you are in the process of purchasing a new or used car, take advantage of our free car buying service.

With industry contacts and a history of providing reliable service to our Members, the endless visits to the car yard and haggling with the dealer is a thing of the past. Our car buying service will utilise the knowledge and contacts gained in the motor vehicle industry to help save you time and money.

Car Loan Enquiry

Complete an enquiry form and we'll get back to you.

Privacy Notice - QBANK collects personal information on this form for the purpose of assisting with your enquiry. If you don’t provide this information we may not be able to assist you. We may use the information you provide to us to market products and services to you, unless you have requested not to receive direct marketing communications from us. To find out how QBANK collects, holds, uses and discloses personal information, our privacy policy is available here.


 

Contact Us

All applications for finance are subject to credit approval. Fees and Charges which apply to this loan are located here. Terms and Conditions apply to personal loans (including car loan products) and are provided in our loan offer or on request.

Interest rates current as at 11 March 2025 and are subject to change without notice.

Target Market Determination is available here.

* 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. The comparison rate displayed is calculated based on a secured loan amount of $30,000 over a 5 year term.

Please note: The Car Buying Service is provided by Hasthaven Pty Ltd trading as Qld Car Buying.
QBANK has a referral arrangement in place with Qld Car Buying Under the referral arrangement. With your consent, we will pass your details to Qld Car Buying who will get in touch to discuss your car buying needs.
QBANK will receive a referral fee of $150.00 from Qld Car Buying where Qld Car buying recommends a motor vehicle to you and you then purchase that vehicle. This fee is not dependent on QBANK financing the purchase of the motor vehicle. 
QBANK is not responsible for Qld Car Buying’s recommendations. The information QBANK is providing is not intended to imply any recommendations or opinion. 
If the member applies to QBANK for financing in relation to the motor vehicle, QBANK will assess this application independently of Qld Car Buying’s recommendations.

Footnotes:

  • 1 Valid for new lending for vehicles less than 5 years old. Compulsory security interest over vehicle being purchased. Maximum loan amount must not exceed invoice price. To qualify, the customer must deposit a salary credit of at least $1,500 a month into a QBANK transaction account.
  • 2 Applies to eligible cars only. Valid for new lending for cars less than 7 years old. Compulsory security interest over vehicle being purchased. To qualify, the customer must deposit a salary credit of at least $1,500 a month into a QBANK transaction account.
  • 3 Valid for new lending for vehicles less than 10 years old. Compulsory security interest over vehicle being purchased. Maximum loan amount must not exceed invoice price.