Vehicle Loans: buy the right car to suit your needs, and have the power of a cash buyer
(including recreational boats)
Buying or looking to refinance
With a Vehicle Loan you can buy a new vehicle or refinance an existing Vehicle Loan. Before you know it, you'll be driving away in your new car, motorbike or even a new boat.
Borrow up to 100%
You may be able to borrow up to 100% of the purchase price, and you may even be able to include the cost of a mechanical warranty and the loan administration fee in the total loan amount. The vehicle must be 12 years old or less to qualify as security for the loan. If you’re using the vehicle as loan security, insurance is compulsory to at least the value of the loan.
Apply for a loan online
If you can't find the time to go into a branch or if you don't live near a branch, then applying for a loan online is the easy solution for you, at your own convenience any time of the day.
Drive a better deal as a cash buyer
A pre-approved Vehicle Loan may suit you, so you can shop for a car as a cash buyer. This typically means you can negotiate a better purchase price. You can shop privately, at a car dealer or an auction - the choice is yours.
Refinance an existing loan
If you find yourself stuck with a high interest Vehicle Loan from somewhere else, talk to us about refinancing to our competitive Vehicle Loan, and save yourself some money!
Flexible repayment options
You can take up to five years to repay the loan and you can make repayments weekly, fortnightly or monthly - we can even match your repayments to your payday. Repayment terms are based on the amount you want to borrow and the term of the loan you choose.
No fees for early repayment
You’ll also have the flexibility to make a lump sum or early repayment without having to pay early repayment costs.
Decisions made fast
We'll work fast to give you an answer - if you have all of the required information at the time of applying we can usually make a decision by the next business day.
Get insured and save money
When you take out at least two eligible insurance products you'll qualify for a discounted interest rate on your Vehicle Loan. Ask us about which insurance products are right for you.
Apply for a Vehicle Loan today
To apply for a Vehicle Loan, drop into your local branch, or call us today on 0800 554 554.
To get started now, download a copy of the application for credit - over $3,000 form (PDF 79KB). You'll need Adobe Acrobat Reader. If you don't have it, don't worry - it's free. Just visit the Adobe site to download a copy.
Interest rates and fees are subject to change. An Investment Statement and the current Disclosure Statement are available from any branch of The Co-operative Bank or can be downloaded here. For all lending products, The Co-operative Bank lending and insurance criteria, and fees apply. If a home loan is greater than 80% of the property's value, a low equity interest rate premium, will apply.