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Low-rate EV finance for new and used electric cars

Whether you’ve had your eye on a Tesla for some time, or are just ready to try electric for your next car, we’re here to help make the finance process as easy as possible. When you drive electric, we’ll drive down your finance costs.

We also offer an optional balloon repayment for our electric car loans which can reduce your regular repayments. loans.com.au customers can get approval within 24 hours~ and there’s also the option to pay out your loan early.

We’re proud to offer discounted rates on car loans when you buy an electric vehicle, thanks to our electric car loan discount. Not only will you be saving on finance with a lower interest rate, but you’ll also be saving on fuel costs and maintenance costs for your new electric car.

Get started

Apply online or speak to one of our Australian based loan specialists who will take care of all the paperwork for you. Applying is easy and we can settle your loan quickly so you start saving sooner. With loans.com.au you can have confidence in dealing with Australia’s largest non-bank lender.

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Talk to a car loan expert

Book a time that suits you to chat with a new car loan specialist and we’ll take care of the paperwork for you.

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Ready to apply or want pre-approval?

Give us a call on 13 10 90, or simply start your application online.

Top reasons to choose this loan

Apply in minutes, approval in 24 hours~

Apply for an electric vehicle loan at the click of a button, and find out if you’ve been approved within a day.

Loan terms for 3 to 7 years+

Enjoy the flexibility of choosing a car loan term of 3 to 7 years, and you decide if you pay weekly, fortnightly or monthly.

Lower fuel and maintenance costs

Electric fuel costs far less compared to petrol for similar vehicle types. Plus, EVs don't have as many moving parts and are less likely to have problems, making servicing often cheaper.

Rising number of charging stations

As electric vehicles grow in popularity throughout Australia, there are additional charging stations being implemented, and government support funding charging stations in homes Australia-wide.

Zero emissions = better for the environment

Electric cars do not pump carbon dioxide emissions into the air and are a far more environmentally friendly choice than petrol cars.

Apply for an electric vehicle loan at the click of a button, and find out if you’ve been approved within a day.

Enjoy the flexibility of choosing a car loan term of 3 to 7 years, and you decide if you pay weekly, fortnightly or monthly.

Electric fuel costs far less compared to petrol for similar vehicle types. Plus, EVs don't have as many moving parts and are less likely to have problems, making servicing often cheaper.

As electric vehicles grow in popularity throughout Australia, there are additional charging stations being implemented, and government support funding charging stations in homes Australia-wide.

Electric cars do not pump carbon dioxide emissions into the air and are a far more environmentally friendly choice than petrol cars.

Car Loan Rates

Our Car Loan Interest Rates

Car loan Type

Interest rate p.a.**

Comparison rate p.a*

Monthly fee

Rate type

Balloons available

Green - Electric

6.49%

7.61%

$8.00

Fixed

Yes

New / Demo - Special^

6.24%
6.99%

7.36%
8.11%

$8.00

$8.00

Variable
Fixed

No
Yes

Green - Electric

Fixed
6.49%
7.61%
Fixed rate p.a
Comp rate p.a.*
Monthly: $8.00
Balloon availability:

New / Demo - Special^

Variable
6.24%
7.36%
Var rate p.a
Comp rate p.a.*
Monthly: $8.00
Balloon availability:
Fixed
6.99%
8.11%
Fixed rate p.a
Comp rate p.a.*
Monthly: $8.00
Balloon availability:

Want to see more car loan options? Compare our car loans

Want to see more car loan options? Compare our car loans

Looking for a new Car?

Source your new Car through OnlineAuto, finance it with loans.com.au and get rewarded!

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SPECIAL OFFER

Get a ‘green car’ rate discount if your car qualifies!

Join our other loans.com.au customers

Exceptional service!

Exceptional service! Grateful to Ray for guiding us through the home loan process for our first home. His expertise, responsiveness, and personalised approach made everything smooth. Highly recommend. Thank you Ray and team.

Mary H.
18 Mar 2024

Very easy process

Very easy process with a friendly lending manager to guide you through.

Helen D.
25 Feb 2024

A big thanks to loans.com.au

My experience in getting a loan from Loans.com.au has been great. I think I was also fortunate in getting a highly experienced loan officer Ray Glowacki who was able to evaluate the circumstance and offer me the most suitable product.

FRANK D.
31 Jan 2024

Extremely helpful

Ray has been extremely helpful in setting up my refinance, he made the process so easy and was happy to take the time to answer all my questions. Thanks Ray!

Tamara W.
17 Jan 2024

Helpful!

Ray was an absolute pleasure to work with. His knowledge and years of experience meant he was able to assess our complex situation to find the best outcome for us. Ray thank you so much for your help and support every step of the way!

Samantha S.
16 Dec 2023

Professional and less stressful application

A big thanks to Ray and his team for making this process seamless. Professional advice and communication throughout the process. Professional and less stressful application than with any other we have been involved in before.

Gareth W.
12 Dec 2023

Great customer service!

Great customer service, thanks Ray!

Chris W.
19 Nov 2023

Simply amazing!

Ray was simply amazing! He took on my crazy timing request and helped drive the process to conclusion. Took some of the stress out of purchasing a property!

Clive G.
14 Nov 2023

Quick efficient and friendly!

Incredible company that has 10/10 customer service. Quick efficient and friendly!.

Gdenma G.
21 Sep 2023

Would highly recommend

Ray couldn’t have made the process of refinancing any easier for us. Would highly recommend.

Scott B.
21 Aug 2023

Excellent People, Cheap rates, fast process

Excellent People, Cheap rates, fast process. I had to arrange finance in 2 weeks and they sorted it out. Rena has been extremely helpful.

Sam S.
26 Jul 2023

Incredible experience

Had full formal approval within 10 days from applying online. Hassle free, transparent and above all else a really competitive interest rate. Thanks all for making an incredibly stressful and high stakes event so seamless. HIGHLY recommend!

Tim D.
25 Jul 2023

Calculate your car loan repayments.

Estimate your monthly car loan repayments with our calculator below.

Estimated savings from repayments graph

Your estimated repayments are

$652.86
$45,000
$8,934
$54,841

Calculator assumptions

Save thousands on your car loan

Save the planet. Save thousands on your car loan.

6.49%
fixed rate p.a**
7.61%
comp rate p.a.*
Discounted rate on qualifying electric cars
Approval within 24 hrs~
Flexible loan terms
FIND OUT MORE

How to easily apply for an electric car loan

1
Application

Application

Simply fill out your car 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
onTrack

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.

3
Speak to specialist

Speak to specialist

You will then have an appointment with one of our lending specialists to organise your preliminary approval of your loan, and help you progress through the car loan approval process through to settlement as quickly as possible.

4
Signing document

Signing document

Check onTrack to received your final approval, mortgage documents and loan agreement. You must sign these and return them in to onTrack, which authorises us to deal directly with your existing lender.

5
Settlement

Settlement

Your loan will settle so you can make payment to the dealer. You'll start saving with your new low rate, and get your keys to your new dream car!

6
Access your account

Access your account

Once settlement is complete, we will send your login credentials to start managing your payments in the Smart Money app.

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 $1,800 in petrol (calculated based on 8litres per 100km travelled, $1.50 fuel cost.)

    • Electric vehicles cost only approx $12.80 to fully charge (which will typically result in 450km of travel), totalling to about $426 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+.

Why choose loans.com.au?

Low interest rates

Being an online lender with fewer overheads means we’re able to pass on the savings to our customers.

Australian based

Get help when you need it from our friendly team of Australian based, lending specialists.

Flexible options

Whether you’re looking to buy new or used at a dealership, or purchase a used car privately, we are sure we have a car loan that can assist you.

Award winning

We keep on winning awards for our products, innovations and customer service, year after year!

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At loans.com.au, we help people into their dream homes and cars.

For the last 10 years, thousands of Aussies have trusted our experienced & locally based team with some of their biggest financial decisions - buying a home, a new car or refinancing to save on interest.

Our customers trust us to support them with low home loan and car loan rates, approved quickly through our easy-to-use online app.

loans.com.au is completely safe and financially backed by Firstmac, Australia’s 12th largest lender. Firstmac has been operating successfully for more than 40 years, and has $16 billion in mortgages under management, as Australia’s leading non-bank lender.

We are also actively involved in our local community with our loans.com.au Women, Children & Community Program designed to support Australian charities on their mission to raise awareness for important causes.

Read our story

Guide to buying a car

Most people have questions as they start on the car buying journey, so we have pulled together some articles to help you.

From tips on how the car loan process works, to information on buying a car, you can find it here.

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