Electric Car Loan
We offer low rate electric car loans, and discounts for electric vehicles to encourage you to be more environmentally conscious and be rewarded for it.
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.
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 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.
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
New / Demo - Special^
Want to see more car loan options? Compare our car loans
Want to see more car loan options? Compare our car loans
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“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!„
“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.„
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“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!„
“Incredible company that has 10/10 customer service. Quick efficient and friendly!.„
“Ray couldn’t have made the process of refinancing any easier for us. Would highly recommend.„
“Excellent People, Cheap rates, fast process. I had to arrange finance in 2 weeks and they sorted it out. Rena has been extremely helpful.„
“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!„
Calculate your car loan repayments.
Estimate your monthly car loan repayments with our calculator below.
Your estimated repayments are
How to easily apply for an electric car loan
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.
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.
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.
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.
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!
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
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!
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 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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Should you buy an electric car now or wait? While electric cars are no longer a novelty, there is still a long road until they represent the majority. To help Australians move from fossil fuel vehicles to electric cars, various governments offer different incentives, rebates and grants.
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