When applying for a car loan you’ll need to provide: Be a New Zealand citizen or permanent resident.How to apply for a Westpac car loanTo be eligible you must, at a minimum: The following fees may apply to your loan: The size of the loan, the length of the loan and your financial history will determine the total cost. The overall cost of your loan will depend on its structure and detail. Westpac offers online applications for car loans. Remember that the online calculator only provides an estimate, the true size of your repayments will be influenced by your credit history and financial circumstances. You’ll need to know how much you wish to borrow over how long. The Westpac website offers a calculator that can estimate repayments. This will be granted or denied based on your current financial circumstances. ![]() Simply contact Westpac and ask for a top-up. You do not need to apply for a new loan if you require access to extra funds at some point during your loan term. You won’t be charged fees for making lump sum payments or for paying off your loan early. You will be able to choose whether you repay your loan in fortnightly or monthly instalments. These processing times can be impacted by weekend and non-business hours. Westpac car loans are processed within two business days, with funds becoming available a day after approval. You may be able to negotiate a longer term, but 5 years tends to be the maximum. Loan terms are typically between 6 months and 5 years. You may be able to borrow more than $50,000 if you provide security against the loan. ![]() You can borrow between $1,000 and $50,000 with a Westpac car loan. Westpac calculates interest rates at 13.90% p.a. Loan terms stretch from 6 months to 5 years with an interest rate of 13.90% p.a. ![]() Westpac car loans allow you to borrow between $1,000 and $50,000. Main points to consider with a Westpac car loan
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