ASB Car Loan
ASB Bank offers fixed-rate car loans for new and used vehicles in NZ, starting at 12.95% p.a. for amounts between $2,000 and $50,000.
Last checked on June 11, 2026. We may earn a commission when you click through.
ASB Car Loan
Updated 5 months agoOur Verdict
ASB's car loan is a straightforward option for those looking to finance a vehicle, but the interest rate may be high for some borrowers.
Best For
Best suited for ASB account holders needing a quick loan for a new or used vehicle with flexible terms from 6 to 84 months.
Watch Out
The fixed rate of 12.95% p.a. may not be the best option for borrowers with excellent credit who could qualify for lower rates elsewhere.
About this loan
ASB Bank offers fixed-rate car loans for new and used vehicles in NZ, starting at 12.95% p.a. for amounts between $2,000 and $50,000.
What Customers Say
Customers appreciate the fast approval but express concerns over the interest rates compared to other lenders.
Expert Analysis
ASB Bank provides a fixed interest rate of 12.95% p.a., which might seem steep when compared to other lenders offering rates below 10% for those with good credit. The loan amounts range from $2,000 to $50,000, making it suitable for a variety of vehicle purchases.
Approval times are relatively quick, typically within 1-3 business days, which is a plus for those needing immediate access to funds. However, applicants must be NZ residents aged 18 and over and hold an ASB account, which could limit access for some potential borrowers.
While ASB’s loan is convenient for existing customers, those seeking the best rates could consider alternatives like Westpac or ANZ, which may offer more competitive pricing for well-qualified individuals. It’s important for potential borrowers to assess their credit profile and explore multiple options before committing.
In terms of customer service, ASB generally receives positive feedback, but it's advisable to keep an eye on any potential hidden fees associated with the loan agreement. Always check the official site for the latest information and terms.
Rates shown are representative. Your actual rate may differ based on your circumstances. We may earn a commission for referrals.
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