Green Car Loan
A green car loan that’s better for the environment and even better for you! Thanks to our collaboration with Clean Energy Finance Corporation (CEFC).
Variable Car Loan
Green/Electric
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Discounted rate on qualifying green cars -
Redraw up to $5,000/day for variable rates
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Up to 7 year loan term
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Variable rate adjusts with interest rate changes
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Get Preapproved to confidently secure your car financing
Why choose a green car loan?
Approval within 24 hours~
By applying online, you’ll receive our decision within a day you’ll know your budget for your dream eco-friendly car!
From 3 to 7 year loan term
Enjoy the flexibility of 3 to 7 years loan term, and you decide if you pay weekly, fortnightly or monthly.
$5,000 to $150,000
We offer car loans from as little as $5,000 to get you on the road in the right car for you.
Fixed or variable
Choose either a low rate variable loan and redraw up to $5,000 per day, or a low rate fixed loan.
Need to know more? Here's the whole offer
| Rates |
|
| Key Features | Flexible loans | |
| Approval within 24 hours~ | ||
| Borrow from $5,000 to $150,000 | ||
| Easy online process | ||
| Access your account via Smart Money app |
| Repayments | Frequency | Weekly, monthly or fortnightly |
| Estimated repayments | $163 per week# The weekly repayment estimate is based on a $45,000 loan over 7 years at 5.84% p.a. paying variable rate. |
| Fees |
Application fee |
$400 |
| Monthly fee | $8 | |
| Discharge fee | $0 | |
| Early termination fee | Variable $0 Fixed $700 in the first and second years of the loan term. $500 in subsequent years of the loan term (excluding final year). |
Variable |
||
| Variable Car Loan - Green/Electric | Interest Rate: 5.84% p.a.** |
| Comp Rate: 6.97% p.a.* |
Fixed |
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| Fixed Car Loan - Green/Electric | Interest Rate: 6.09% p.a.** |
| Comp Rate: 7.22% p.a.* |
| Flexible loans | |
| Approval within 24 hours~ | |
| Borrow from $5,000 to $150,000 | |
| Easy online process | |
| Access your account via Smart Money app |
| Frequency | Weekly, monthly or fortnightly |
| Estimated repayments | $163 per week# The weekly repayment estimate is based on a $45,000 loan over 7 years at 5.84% p.a. paying variable rate. |
| Application fee | $400 |
| Monthly fee | $8 |
| Discharge fee | $0 |
| Early termination fee |
Variable $0 Fixed $700 in the first and second years of the loan term. $500 in subsequent years of the loan term (excluding final year). |
Real-life customer stories
Derek
As seen on...
Our car loan application process
Apply Online
Complete your car loan application through our online platform.
Speak to your Specialist
Chat with your lending specialist, who’ll guide you through the next steps and help you secure pre-approval.
Upload & Track
Submit your documents and monitor your application in real time via our onTrack portal.
Approval & Signing
Review and sign your car loan documents and loan agreement via onTrack.
Settlement
After your car loan settles, the funds will be ready and paid directly to the seller.
Manage Your Loan
You'll receive your login details to manage your repayments and account details via our Smart Money app.
Green Car Loan FAQs
At loans.com.au, we can assist with a green rate for electric vehicles. Popular electric cars include Tesla Model Y, Tesla Model 3, BYD Atto 3, BYD Seal, BYD Dolphin and MG4.
Green cars are usually very fuel efficient and often have lower running costs. A green car loan is a different type of car loan product which we offer at loans.com.au at a discount to encourage borrowers to opt for a more environmentally efficient choice of car.
At this stage, loans.com.au will only consider electric cars to be eligible for the green car loan discount. To check if your car qualifies for the Green Car discount, chat to us today.
There are many benefits to going green when choosing your next car. Whether it be fewer carbon emissions, fewer trips to the petrol station or potential tax and rego benefits, it’s certainly worth considering a Green car.
You could get pre-approval on your green car loan in around 30 minutes, and we can have the loan settled in 2-4 business days, pending all the lending criteria is met.
The process for applying and settling a green car loan is very similar to our regular car loan process, which you can find out about here:
How to get a car loan to buy a car
The only difference with a green car loan will be ensuring your car is eligible for the discount. At this stage, only electric vehicles are eligible, so if you’re not sure, chat to our friendly team of car lending specialists today.
Green cars are usually very fuel efficient and often have lower running costs. At this stage, loans.com.au will only consider electric cars to be eligible for the green car discount. To check if your car qualifies for the Green Car discount, chat to us on Live Chat or 1300 756 598.
The balloon payment option is available for fixed green car loans. A balloon payment is a one-off lump sum that you might agree to pay your lender at the end of your car loan’s term.
This one-off final payment will account for a large proportion of your car loan so your regular car loan repayments can be reduced as a result.
Andrew
Lending Specialist
Ready to talk with a real person about our low-rate car loan?
Get help from a friendly member of our Australian-based car lending team.
A guide to car loans
If you are looking at car finance to purchase your next car and have lots of questions, our guide contains our loan process, what documents you'll need, preapproval, tips and more.
We're help to help you when you may need us.
Electric Cars vs Petrol Cars: Cost Breakdown
Here we’ll break down the cost-based factors for both electric and petrol cars to help you decide which is right for you.
Electric Car Rebates by State
Check out the electric vehicle rebates in your state or territory
The Rise of Electric Cars in Australia
In this article, we take a closer look at electric car trends, ownership, and incentives with data from the Australian Electric Vehicle Industry Recap 2023 by the Electric Vehicle Council.
Can you get a discount for buying an electric vehicle?
What is a green car?
Electric Cars & Hybrid Cars: What’s the difference?
