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Electric Car Loan

We offer low rate electric car loans, and discounts for electric vehicles. Thanks to our collaboration with Clean Energy Finance Corporation (CEFC).
Multi-award winning
awards awards awards

Electric Car Loans

6.09
%
p.a
Rates from**
7.21
%
p.a
Comparison rate*
Discounted rates on qualifying electric cars
Redraw up to $5,000/day for variable rates
Balloon option available for fixed rates
Up to 7 year loan term+
Fast Approval times
Our Google Rating
4.5
451 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.

Work out your car loan repayments

Use our car loan calculator to estimate what your monthly repayments could be.

Your loan details

Reason for loan
Loan term
Rate type
%
Most Popular

Green / Electric Car Loan

Variable Discounted rate on qualifying electric cars Redraw up to $5k/day
Save the planet. Get discounted rates on qualifying green or electric cars.

Interest rate
6.09% p.a.
7.21% p.a.

Estimated repayment#
$659.33 per month
Total principal paid
$45,000
Total interest paid
$9,422

Need to know more? Here's the whole offer

Rates

Variable

Variable Rate:

6.09% p.a.**

Comparison Rate:

7.21% p.a.*

Fixed

Fixed Rate:

6.39% p.a.**

Comparison Rate:

7.51% 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

$165 per week#

The weekly repayment estimate is based on a $45,000 loan over 7 years at 6.09% 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).

Variable

Variable Rate:

Comp Rate:

6.09% p.a.**

7.21% p.a.*

Variable

Variable Rate:

Comp Rate:

6.39% p.a.**

7.51% 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

$165 per week#

The weekly repayment estimate is based on a $45,000 loan over 7 years at 6.09% p.a. paying variable rate.

View car loan calculator

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).

2024 WeMoney - Best Electric Car loan 2023 WeMoney - Best Usesd Car Loans 2023 Wemoney - Exellent fee Car Loans Gold Award - Best Green Car loan Gold Award - Best New Car Loan
Our car loan products are recognised & awarded by the Australian financial industry

Ready to get the keys to your new car?

Join our other customers

Very helpful to solve my problems

I am very happy with the simple products that loans.com.au. Sharon was the lending manager who assisted me through the application. Sharon was very helpful to solve my problems and get the loan approved.

Alan X.
15 Oct 2024

Quick and painless experience

Really quick and painless experience getting a loan approved for my new car. Matt was great, professional demeanor, friendly and eager to help.

Commander C.
15 Oct 2024

I felt understood and valued

Ai Chi Hinh is an outstanding professional who genuinely cares for her clients. Her ability to listen and her problem-solving skills are truly commendable. I am grateful for her support and expertise during a challenging time.

Heather E.
10 Oct 2024

Could not recommend them enough

Kimberley was wonderful, very informative, and patient. Communication was on point and all-around professional and friendly throughout the process.

Jillian G.
14 Sep 2024

Got what I needed very quickly

Great rates, easy to use, simple process. Got what I needed very quickly

Lachlan J.
12 Sep 2024

I highly recommend this lender

I switched my home loan from a big bank to Loans.com.au and was pleasantly surprised by their competitive rates and sleek web banking platform.

Alex A.
02 Sep 2024

More than exceptional

My experience with loans.com.au was more than exceptional. Ray was nothing short of amazing throughout this process. I highly recommend loans.com.au!

Matthew P.
23 Aug 2024

Very professional and polite

This is a very good organization. Less than a week turnaround, and they were very professional and polite. I recommend this business.

Drew D.
19 Aug 2024

Easy application process

By far the best lender I've ever dealt with. Sooooo much better than any of the big 4. Easy application process and great customer service.

Lisa S.
16 Aug 2024

Highly recommended

It is great experience working with Sonia from Loans.com.au. She is very knowledge, good communicator, follow up and responds quickly which helped to get the approval in few days exceeding my expectation.

Rajesh M.
29 Jul 2024

Very Happy with Jessica's service

Very Happy with Jessica's service so far. She is knowledgeable and efficient, and always available to answer my questions. The portal is also very easy to use. Thank you.

Cristina R.
09 Jul 2024

Would definitely recommend Loans.com.au

Would definitely recommend Loans.com.au, very competitive loan rate, app simple to use, staff easy to talk to.

Roxanne L.
08 Jul 2024

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

1

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.

2

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.

3

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.

4

Settle

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

Electric Car Loan FAQs

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.

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.

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.

  • 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.

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+.

Smart friends

Real Good Rewards

As a loans.com.au customer, if you refer a new customer to us we’ll reward you.

$1,000 New Home Loan Customer
$250 New Car Loan Customer
View offer

Ready to get the keys to your new car?

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

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