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What’s so good about our green car loans?
We care about the environment. We encourage you to care too. That’s why we offer a great discount on our car loans if you choose to buy a more environmentally friendly car like a qualifying hybrid or electric car, so we can work together to lower the emissions in the environment.
We offer loans of 3, 4, or 5 years for new and used ‘green’ cars from a car dealership on either a low variable or fixed rate loan.
Our loans have no ongoing, monthly or annual fees. If you choose a variable green car loan, you’ll also have the option to make extra repayments to your loan fee-free, or redraw from the loan. If you choose a fixed green car loan, you’ll have the option to reduce regular repayments by adding a balloon payment to your loan.
Get started
Apply online today. Or, one of our friendly lending specialists can do the hard work for you and manage your paperwork over the phone.
Either way, we can settle your green car loan quickly so you can start saving thousands (and saving the environment) sooner.
What is green car?
To qualify for the ‘green’ discount, your car must be hybrid or electric, meaning your vehicle has significantly lower CO2 emissions when compared to other cars of its size.
Cars eligible for our green car discount include models from a number of manufacturers, including Tesla, Toyota, Mercedes, BMW and more.
Some popular eligible cars that we’ve helped customers with include:
- Tesla Model 3
- MG Electric
- Toyota Corolla SX Hybrid
- Toyota Rav4 GXL Hybrid
- Toyota Camry Ascent Sport Hybrid
- Lexus ES300h Sports Luxury
- Mercedes-Benz C 300e PHEV
To find out if your car is on our approved list for the ‘green’ rate discount, call 13 10 90 to speak to one of our car lending specialists.
Our Car Loan Interest Rates
Car Loan Type
Green - Hybrid or electric
Interest rate p.a.**
3.14%
4.89%
Comparison rate p.a.*
3.68%
5.44%
Rate Type
Variable
Fixed
Balloons available
No
Yes
Car Loan Type
New - Special^
Interest rate p.a.
3.24%
5.09%
Comparison rate p.a.
3.78%
5.64%
Rate Type
Variable
Fixed
Balloons available
No
Yes
Car Loan Type
New
Interest rate p.a.
3.84%
5.59%
Comparison rate p.a.
4.38%
6.14%
Rate Type
Variable
Fixed
Balloons available
No
Yes
Want to see more car loan options? Compare our car loans.
Want to win $1000 in fuel? Everyone who gets a green car loan with loans.com.au automatically goes in the draw to win!
Benefits of hybrid cars and green car finance
Apply in minutes, approval in 24 hours~
Apply for your loan at the click of a button, and find out if you’ve been approved within a day.
No ongoing, monthly or annual fees
We won’t charge you any ongoing, monthly, or annual features, so you can focus on paying your loan off and owning your car sooner.
Loan terms for 3, 4 or 5 years
Enjoy the flexibility of choosing a loan term of 3, 4 or 5 years, and you decide if you pay weekly, fortnightly or monthly.
Flexible loans
Choose either a low rate variable loan with the option to make extra repayments, or a low rate fixed loan and you can add a balloon payment option.
Lower fuel and maintenance costs
Powering your hybrid or electric car costs far less compared to petrol for similar vehicle types. Plus, green cars are less likely to have problems, making servicing often cheaper.
Zero CO2 emissions = better for the environment
Green cars are a far more environmentally friendly choice than petrol cars.
Apply in minutes, approval in 24 hours~
Apply for your loan at the click of a button, and find out if you’ve been approved within a day.
No ongoing, monthly or annual fees
We won’t charge you any ongoing, monthly, or annual features, so you can focus on paying your loan off and owning your car sooner.
Flexible loans
Choose either a low rate variable loan with the option to make extra repayments, or a low rate fixed loan and you can add a balloon payment option.
Loan terms for 3, 4 or 5 years
Enjoy the flexibility of choosing a loan term of 3, 4 or 5 years, and you decide if you pay weekly, fortnightly or monthly.
Lower fuel and maintenance costs
Powering your hybrid or electric car costs far less compared to petrol for similar vehicle types. Plus, green cars are less likely to have problems, making servicing often cheaper.
Zero CO2 emissions = better for the environment
Green cars are a far more environmentally friendly choice than petrol cars.
How to easily apply for a ‘green’ car loan
We make borrowing simple. Here’s how to get the keys to your dream green new car at a low rate in just a few easy steps.
Apply in minutes
Apply in minutes
Simply apply online for a green car loan by entering some of your details in less than 2 minutes. Or, you can chat to one of our friendly lending specialists over the phone and they’ll complete your application for you.
Submit your documentation
Submit your documentation
After your application is complete, use the onTrack app on your desktop or mobile device to add your documents such as payslips and bank statements, and track the progress of your application.
Preliminary approval
Preliminary approval
You'll then chat to one of our car lending specialists to organise the preliminary approval of your loan, and help you progress through the approval process to get to settlement as quickly as possible.
Purchase document & loan agreement
Purchase document & loan agreement
Check onTrack to receive your final approval and loan agreement. You must sign these and return them in to onTrack to progress to settling your car loan.
Settle & get the keys
Buy your car
Once your loan settles, we'll make payment to the dealership. You'll start saving with your new low rate, and get your keys to your new “green” car!
Start saving with a low rate EV loan!
Start saving with a low rate green car loan!
Once settlement is complete, we'll send your login details so you can start managing your account and payments in the Smart Money app, and you’ll start saving with a discounted car loan.
Green Car Loan FAQs
Green cars are usually very fuel efficient and often have lower running costs. At this stage, loans.com.au will only consider hybrid and 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 13 10 90.
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 certainly can! 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.
It’s important to note - the balloon repayment option is only available if you get a fixed car loan, and will not be available for the variable car loan.
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 hybrid and 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.
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 and hybrid vehicles are eligible, so if you’re not sure, chat to our friendly team of car lending specialists today.
At loans.com.au, we can assist with a green rate for vehicles that are electric or hybrid. Some popular examples for green cars might include Toyota Rav4 Hybrid, MG ZS (Electric Vehicle), Mitsubishi Outlander Hybrid, Mitsubishi Pajero Sport Hybrid, Hyundai Kona Electric.
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.
Read some of our real good feedback.
Our Google Rating
“ The entire team were all very patient as it took a long time for us to find a property
Extremely happy with these guys. I checked them out initially for their low rates but was most pleased with the various team members who helped arrange my loans, especially Ray the lending manager - absolute legend and he deserves a raise - such a great guy who sorted us out all along the way and explained everything very clearly. The entire team were all very patient as it took a long time for us to find a property, including a few false starts at auction. No wait times on the phone with them either. 100% recommended, especially after my experience of being with a major lender for a long time and paying above market interest rates for my loyalty.„
Lawrence I.
April 28, 2022
“ Friendly and efficient service
Seamless experience. Friendly and efficient service.„
Garth W.
April 25, 2022
See how low your car loan repayments could be.
Why do people choose us?
loans.com.au is an award-winning online lender. We’ve been making it easy for Aussies to save thousands on their home and car loans for the last 10 years.
Low rates & fast decisions
Our online model means we can offer extremely low rates to help you buy your ‘green’ car. Fewer overheads and efficient processes means we can pass those savings directly on to you and assess applications quickly, so you can get your car on the road sooner and for a lower rate.
Australian based support team
Our team of experienced, Australian-based experts are here to help you at every step of the way. You’ll talk to a real person who is here for you and genuinely wants to help you get the keys to your ‘green’ car.
Flexible options
No matter what car you’re looking at, it’s likely we can help you. If you’re at the dealership, we’ll offer a green car discount for hybrid and electric vehicles. Plus, you can get a low rate variable or fixed loan, plus the option for balloon payment.
Award winning
By keeping our interest rates low and the loan process simple, experts continue to recognise us with awards for our products, innovations and customer service, year after year, since 2011!
Hassle free
Find out if you qualify for a green car loan discount in just minutes. The application process is simple, online, plus we’re here to help at each step of the way.
onTrack advantage
onTrack is our online app which allows you to complete your car loan application on your device and track progress through to settlement. In onTrack you can complete your loan application in your own time, as it suits you. But as always, we’re here to help!
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 $15 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 storyGuide 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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