Enjoy the security of a fixed interest rate for the term of your loan

A choice of loan terms: from 1–7 years

Tailor the length of your car loan to suit you.

A choice of flexible payment options

Make weekly, fortnightly, or monthly payments – whatever works best for you.

The ability to make extra repayments

With our loan flexibility, you can choose to reduce your principal faster (subject to early termination fee).

Optional balloon payment

A balloon is a final lump sum payment at the end of your car loan which may reduce your repayments over the life of your loan**

Estimated finance rate


Interest Rate

This is the amount of interest you will pay annually as a percentage of the loan amount, excluding fees and charges.



Comparison rate

The comparison rate is a measure of the total cost of the loan, including the interest rate and most fees and charges. It can allow a better comparison between loans.

Comparison rates range from 4.35% to 15.74%.^ At least half of our customers will get the advertised rate or lower. We may offer you a lower or higher rate depending on your credit score and other criteria. 

How to apply for a personal car loan

Find the right car for you.

Pick your favourite make and model from a great range of new and used cars at your preferred PowerTorque Finance dealership.

Decide on your repayment options.

Make weekly, fortnightly, or monthly payments.

Chat to your PowerTorque Finance car dealer.

Start the application process today!

What do I need to apply? 

To keep your application process simple, there are some documents you need to have ready. Here’s a checklist of everything you need: 

You'll need to supply the following for each person on the finance application:

One Primary ID:

  • Driver’s license
  • Passport
  • Proof of age card

Note – at least one person on the finance application must supply a driver’s license

One Secondary ID:

  • Medicare (must be provided if you have dependants)
  • Credit/debit card
  • Veteran card

One of the following documents. These are listed in order of preference:

  • Recent pay slip which shows your year-to-date summary (unless July/August)
  • Three consecutive recent pay slips (if there is no year-to-date figure showing on your pay slip or your pay slip is from July or August)
  • Employment contract and three months' worth of bank statements (if you commenced your employment within this financial year)

If you are self employed:

  • Most recent Tax Return

If you have other sources of income:

  • Please speak to your PowerTorque dealer for further information on providing other sources of income

Home owner/buyer:

  • Rates notice (within the last 12 months)


  • Valid tenancy agreement or
  • Three recent rental receipts

Boarding or living with parents:

  • Proof of address e.g. drivers license, utility bill issued within the last three months

You will be asked about your current monthly expenses. It is best to be prepared with a list of your monthly expenses.

Fee overview

Don’t pay a cent more than you need to. Read our tips on how you can avoid certain types of fees over the term of your personal car loan.

Fee type Description

Establishment Fee



The cost to set-up your approved loan is payable upon loan settlement, and can be included within the amount financed. This is referred to in your contract as your Loan Account Establishment Fee.

Vehicle Security Registration Fee



The cost of registering PowerTorque Finance’s security interest on your vehicle on the Australian Government’s Personal Property Securities Register.


This is a national online register to help protect consumers when buying personal property like cars, boats or artwork. It allows potential buyers to check if any other parties already have a security interest on the property.

Account Administration Fee


$8.00 per month

A monthly fee for the management of your loan account.

Fee type Description

Dealer Agency Fee


$890.00 + GST

This fee covers the dealership’s cost of preparing your finance application on PowerTorque Finance’s behalf. The Finance and Insurance Manager is responsible for explaining the different types of finance products to you. They’ll ensure you understand the requirements of the loan, and will arrange all the necessary paperwork to submit, manage and finalise your finance application.

Fee type Description

Payment Method Fee – BPay



This fee applies when a payment is made by BPay.


You can avoid this fee by setting up a Direct Debit at the start of your loan, so you don’t pay fees on your regular repayments.


To switch to Direct Debit payments log into your PowerTorque Finance Account.

Payment Method Fee – Other (includes BillPay, Cheque or Direct Deposit)



This fee applies when a payment is made by BillPay, cheque, or direct deposit.


You can avoid this fee by setting up a Direct Debit at the start of your loan, so you don’t pay fees on your regular repayments.


To switch to Direct Debit payments log into your PowerTorque Finance Account.

Account Payment Card Fee



This fee applies for replacement; supplementary; or new payment cards when you switch from Direct Debit to another payment method after the loan start date.


You can avoid this fee by setting up a Direct Debit on all your future repayments, so you don’t pay fees on your regular repayments.


To switch to Direct Debit payments log into your PowerTorque Finance Account.

Payment Dishonour Fee



This fee applies if your Direct Debit or Cheque payment is dishonoured.


You can avoid this fee by checking that your account has sufficient funds when payments are due to be debited.


You can also change the date of your payments by contacting us.

Late Payment Fee



This fee applies if you’re late or miss a repayment, and your account goes into arrears.


PowerTorque Finance will contact you about the overdue amount, and this is mentioned in your loan contract as an Arrears Follow-up Fee.

You can avoid this fee by ensuring that your account does not go into arrears.


You can also change the date of your payments by contacting us.

Information Request Fee



This fee applies if you request contract documentation from PowerTorque Finance.


You can avoid this fee by login into PowerTorque Finance Account where you can view, download, and print your loan documentation online without incurring this fee.

Early Termination Fee

$750.00 multiplied by the number of whole months until the end of your loan term divided by the number of months in your original loan term contract.


This fee applies if your loan is repaid before its scheduled end date.

You can avoid this fee continuing with your scheduled loan repayments until the agreed completion date of the loan. 

Frequently asked questions

Our interest rates are tailored to your financial situation. Instead of taking a one-size-fits-all approach, we use your credit score and other relevant information to calculate a rate that’s right for you. It doesn’t matter who you are or where in Australia you live, the same transparent and trusted process applies. Your local PowerTorque Dealer can assist you with a finance quote.

PowerTorque Finance works closely with our PowerTorque Dealer network to provide a personalised service, helping you answer any questions you may have. Speak to the Finance and Insurance Manager at your local participating dealership for information about financing your next vehicle.

PowerTorque Finance only provides secured loans for vehicles. We cannot assist with unsecured or personal loans.

PowerTorque Finance only provides finance for cars purchased through a PowerTorque Finance Dealer.

For more information please refer to our Customer Complaints Policy

Let's get in touch

We're here to help you

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Finance contact details


137 800

8:30am to 6pm (EST)

Monday to Friday



PO Box 1354, Macquarie Centre,
NSW 2113





This information provided by PowerTorque Finance, a division of Toyota Finance Australia Limited ABN 48 002 435 181, AFSL and Australian Credit Licence 392536, is of a general nature and for information only. Nothing on this website constitutes or should be considered to constitute legal, taxation or financial advice. Before making a decision about any of the products and services featured on this website, you should consult with your own independent legal, taxation and financial advisors, who can advise you about your personal circumstances

^Comparison Rates will vary for each customer between 4.43% and up to 16.01% (and annual percentage rates between 1.97% to 13.35%).

* Additional interest charges accrue whenever a balloon final payment option is selected. Based on an annual percentage rate of 6.41%. Terms, conditions, fees and charges apply.  Comparison Rate is based on a 5 year secured consumer fixed rate loan of $30,000. 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. PowerTorque Finance is a division of Toyota Finance Australia Limited ABN 48002 435 181, AFSL and Australian Credit Licence 392536.

**additional interest accrues on the final balloon

Target Market Determination document available here