Car Loans

Yes, Woolworths Team Bank is a mutual financial services organisation and is owned by our members. In fact, each one is a shareholder.

Eligibility to join is exclusive to Woolworths and Endeavour Group team members, their immediate family members and those with an affinity to Woolworths Group. Learn more about becoming a member.

The minimum amount you can borrow is $2,000. The maximum amount you can borrow is $100,000 for a new vehicle or $60,000 for a used vehicle up to 7 years old. The actual amount you can borrow is determined by your ability to meet the repayments of the loan. Wish to calculate how much you could borrow? Use our Loan Calculator.

You can arrange to make your loan repayments either by payroll deduction, direct debit from your savings or transaction account, internet banking transfer, at any of our branches or using Bank@Post. Learn more about these repayment methods.

Statements are produced six monthly or more frequently on request. Account Balances and Statements are also available through our internet banking services.

Duplicate statements can be requested at any time from our office, although fees and charges may apply. Fee and charges can be found here.

We will take a Bill of Sale over your vehicle as security. To enable this to be registered with REVS there will be a small fee involved.

If we have taken security over your vehicle, you will be required to have the vehicle comprehensively insured. Woolworths Team Bank can discuss this with you before purchase, to make the loan process much simpler.

We give you the option of making extra repayments on your loan and then having the flexibility of being able to redraw on these extra repayments. Terms and conditions are available on application.

Demonstrator vehicles with under 5,000 kilometers on the odometer are considered new. Those with 5,000 kilometers or more are considered used.