LCA - FAQ - How much does it cost to run an EV?

Insurance and registration are generally the same as a normal petrol car. Running costs: Petrol: Aussies drive on average 15,000km each year, which totals to approximately $2,400 in petrol (calculated based on 8litres per 100km travelled, $2.00 fuel cost.) Electric vehicles cost only approx $20.83 to fully charge (which will typically result in 450km of travel), totalling to about $694 per year. Regular services are still required for electric vehicles, however these can be up to half the cost of a normal service.

Electric Car Loan

We offer competitive rate electric car loans, and discounts for electric vehicles. Thanks to our collaboration with Clean Energy Finance Corporation (CEFC).

Multi-award winning

Variable Car Loan
Green/Electric

5.84

p.a

Rates from**

6.97

p.a

Comparison rate*

Discounted rate on qualifying electric cars
Redraw up to $5,000/day for variable rates
Up to 7 year loan term
Variable rate adjusts with interest rate changes
Get Preapproved to confidently secure your car financing

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Our Google Rating

4.5

515 reviews

Why choose an Electric 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 EV car!

From 3 - 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

Variable	Interest Rate:	Comparison Rate:
Variable Car Loan - Green/Electric	5.84% p.a.**	6.97% p.a.*

Fixed	Interest Rate:	Comparison Rate:
Fixed Car Loan - Green/Electric	6.09% p.a.**	7.22% p.a.*

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. View car loan calculator

Fees	Application fee	$400
	Monthly fee	$8
	Discharge fee	$0
	Early termination fee	$700 in the first and second years of the loan term. $500 in subsequent years of the loan term (excluding final year).

Rates

Variable

Variable Car Loan - Green/Electric	Interest Rate: 5.84% p.a.**
	Comp Rate: 6.97% p.a.*

Fixed

Fixed Car Loan - Green/Electric	Interest Rate: 6.09% p.a.**
	Comp Rate: 7.22% p.a.*

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. View car loan calculator

Fees

Application fee	$400
Monthly fee	$8
Discharge fee	$0
Early termination fee	$700 in the first and second years of the loan term. $500 in subsequent years of the loan term (excluding final year).

Apply now

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Our car loan products are recognised & awarded by the Australian financial industry

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“I was updated along the track and it all turned out perfectly. I would certainly recommend loans.com.au to other car buyers.”

Sienna

Car loan customer

Join our other customers

Absolutely brilliant, professional and very informative

“What a joy to deal with Liam and Emira from Loans.com. I started applying for my car loan last Thursday and by Tuesday afternoon the car dealer was paid. Liam and Emira were absolutely brilliant, professional and very informative. My mortgage comes off fixed next June and I know where I will be moving to. Thank you for everything.„

Carolyn G.

19 Jun 2025

The loan process was really easy and quick

“The loan process was really easy and quick. Staff is really friendly and keep you updated. Highly recommended.„

Vishal K.

18 Jun 2025

The fastest and easiest process I have ever had in regards to any finance

“The fastest and easiest process I have ever had in regards to any finance. From first chat to settlement in 24 hours and constant communication the entire way! Trina is first class! Emira was SENSATIONAL! BEYOND RECOMMEND!„

Brian S.

17 Jun 2025

The team was absolutely amazing to deal with

“I have dealt with Jessica on a recent new home loan application and Jessica and the team was absolutely amazing to deal with. Super quick and kept with in the loop throughout the process. Second to none customer services!„

Simon L.

16 Jun 2025

I could not have asked for a better service

“The service and follow up provided by the loans.com.au team was impeccable. I could not have asked for a better service.„

Caraman C.

13 Jun 2025

They have exceptional customer service!

“I was referred to loans.com.au and now I see why, they have exceptional customer service! I feel so fortunate to have had Rena and Trina handle my application. They were both incredibly friendly, kind, and efficient when it came to processing and approving my application. They genuinely care about helping others and made the entire process smooth and enjoyable.„

Rojina R.

12 Jun 2025

I was very impressed with loans.com.au

“I was very impressed with loans.com.au pragmatic credit policies and the excellent service I received from Emira and Trina in applying for and settling my car loan. They also have 2 very user friendly apps to help with the process. Very easy to deal with, I would definitely recommend them to anybody wanting a stress free and smooth experience.„

Joe F.

12 Jun 2025

Had good experience

“Had good experience with Jasmine and Tiffany who supported me along the way from getting a pre-approval quickly, through the purchase and to the settlement. Not to mention competitive rates and borrowing power they provide.„

Gleb L.

11 Jun 2025

Had a great experience with loans.com.au

“Had a great experience with loans.com.au. Was the best rate/lowest fees I could find and the service was faultless. I won't be going anywhere else for vehicle financing in the future.„

John M.

10 Jun 2025

If I could give 6 stars in this review I would

“In all my dealings with loans over the years, Stuart is hands down one of the best I’ve ever come across. His professionalism, responsiveness, and genuine willingness to help sets a new standard. I would absolutely recommend loans.com.au—and especially Stuart—to anyone looking for a hassle-free and professional mortgage experience. If I could give 6 stars in this review I would.„

Beau B.

10 Jun 2025

I am tremendously satisfied

“I am tremendously satisfied with Sonia and Harriet’s assistance with my loan applications. Loans.com was recommended by a family friend and Sonia portrayed immense knowledge and professionalism when working with me to get the best financial outcome. Sonia has exceptional expertise in her subject matter and was incredibly responsive, and together the team made sure I was able to meet my deadline without any stress. Fantastic experience – will highly recommend Sonia and her team at Loans.com!„

Ridhima G.

10 Jun 2025

I love to deal with them directly

“I am with Loans.com.au since 2014 and I have got multiple loans from new purchases and refinance of IP to OO loans. They have been exceeding my expectation every time. I love to deal with them directly and their lending specialist and support staff are second to none compared to other banks including the big 4. Highly recommend!„

Shiva S.

07 Jun 2025

Our Google rating

4.5 515 reviews

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It's fast & easy to get a loan with loans.com.au

Apply online

Simply fill out your loan application online by entering some of your details, or chat to one of our friendly lending specialists over the phone and they can complete your application for you.

Speak to a specialist

You will then have a phone appointment with one of our lending specialists to finalise your application, and help you progress through the loan approval process through to settlement as quickly as possible.

Upload documents (OnTrack)

After your application is complete, use our system we call onTrack on your desktop or device to add your documentation such as payslips and bank statements, and track the progress of your application.

Settle

Your loan will settle and you'll start enjoying the benefits of your low-rate car loan!

Apply Online

How it works

Electric Car Loan FAQs

How do you charge an EV?

Most electric vehicles will come with a portable charger that can be plugged in to a standard household unit. Otherwise, there are a number of public charging points available throughout Australia, with an increasing number of charging stations being implemented as electric vehicles grow in popularity.

Are there any government incentives to buy an electric car?

There are a number of government incentives to buy an electric car, many of which vary depending on your state or territory. Incentives sometimes include a reduction in stamp duty, or even a full waiver of the stamp duty charge, offers for free registration for a short period of time, and sometimes cash rebates. It’s best to check your local government websites, as these offers are frequently changing.

Am I eligible for EV financing?

Depending on your personal financial circumstances such as your credit score, your ability to pay back the loan and the lender you choose, you may be eligible for an electric vehicle loan, similar to any other car loan.

Typically to be eligible for a car loan, you’ll need to hold Australian citizenship or permanent residency, be over the age of 18, and earning some income. There may be further eligibility requirements depending on which lender you go with. It is best to seek a pre-approval from your lender to determine your eligibility.

How much does it cost to run an EV?

Insurance and registration are generally the same as a normal petrol car.
Running costs:
- Petrol: Aussies drive on average 15,000km each year, which totals to approximately $2,400 in petrol (calculated based on 8litres per 100km travelled, $2.00 fuel cost.)
- Electric vehicles cost only approx $20.83 to fully charge (which will typically result in 450km of travel), totalling to about $694 per year.
Regular services are still required for electric vehicles, however these can be up to half the cost of a normal service.

How long can you finance an electric vehicle for?

Just like any other car, you can finance an electric vehicle for anywhere between 1-7 years, depending on the lender you choose and their loan term offerings. At loans.com.au, we typically offer electric vehicle loans for a term of 3 to 7 years.

Konnie

Lending Specialist

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$250 New Car Loan Customer

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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.

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Ready to get the keys to your new car?

Complete our quick application form to find out if you qualify.

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Electric Car Loan

Variable Car Loan
Green/Electric

Why choose an Electric Car Loan?

Work out your car loan repayments

Your loan details

Variable Car Loan - Green/Electric