Electric vehicle loans, charged up and ready
Some lenders offer sharper pricing for low-emission vehicles; your broker knows which, and can include a home charger where allowed.
- Free to compare
- A specialist partner broker, start to finish
- No credit score impact
Typical ranges only. Actual limits depend on the lender and your circumstances.
Example rate only: not a comparison rate, quote or offer of credit. Your rate depends on your credit profile, the lender and the asset. Excludes fees and charges.
How electric vehicle loans work with us
EVs cost more up front but less to run, and a growing number of lenders offer green car loan pricing. But discounts, criteria and eligible models change often, which is where a broker earns their keep.
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Your broker compares green and standard car loans, including fees, so you can choose the structure that suits how long you'll keep the car.
- Battery electric vehicles
- Plug-in hybrids
- Hybrids
- Home wall chargers
- Solar and battery bundles
- Novated EV leases
Green loan pricing
Some lenders discount rates for EVs and low-emission vehicles. We check your exact model.
Charger included
Where the lender allows it, roll a home charger into the same loan.
Novated lease options
Salary packaging may have tax advantages. Your broker compares it; check tax with your accountant.
Used EVs welcome
Many lenders now finance second-hand EVs, including imports, subject to age and condition.
Green car loan vs novated lease for an EV
A green car loan is a standard loan you own, with discounts for eligible models. A novated lease runs through your employer and may have tax concessions, but ends with a residual and depends on your job.
Read the full explanation
A green car loan works like a standard car loan, except some lenders offer a discount or reduced fees for eligible electric and low-emission vehicles. You own the car, you choose the term, and the loan stays with you if you change jobs. Eligibility usually depends on the specific model, its emissions rating and sometimes its price, so one lender may treat two similar EVs differently. Your broker checks those criteria against the exact car before you commit.
A novated lease is an arrangement between you, your employer and a leasing company, with repayments and running costs taken from your salary. Some EVs may qualify for fringe benefits tax concessions, which can make a lease appealing for some salaried workers. But a lease ends with a residual payment, relies on your employer offering salary packaging, and needs sorting out if you change jobs. Check the tax side with your accountant, and ask your broker to compare both options in dollars.
- Buyers owning their EV outright, no employer involved
- Households pairing a new EV with a charger or solar
- High-kilometre drivers wanting lower running costs
- Buyers weighing a new EV against a used or imported one
Pros and watch-outs
Pros
- Some lenders discount pricing for eligible EVs
- Charger and solar costs can sometimes be included
- Lower running costs can free up budget room
- More lenders now finance used and imported EVs
Watch-outs
- !Green discounts often apply only to certain models or prices
- !Uncertain resale values make big balloons riskier
- !Higher price can mean a larger loan than petrol
Costs and fees to compare
The interest rate is only part of the cost. Ask your broker to show these side by side.
Establishment and account fees
Higher fees can offset a green rate discount. Compare total cost, not just the headline rate.
Charger and installation
A wall charger plus electrical work can add up. Check if and how the lender lets you include it.
Balloon payment
EV resale values can be hard to predict, so think carefully before a large balloon.
Insurance
EVs can cost more to insure. Quote early; secured loans usually require comprehensive cover.
Early payout costs
Planning to upgrade as battery tech improves? Check early repayment fees before signing.
Tips to strengthen your application
- 1Confirm your exact model and variant qualifies before signing
- 2Get a charger and installation quote early for the application
- 3Ask for a battery health report on any used EV
- 4Consider a shorter term to limit resale value risk
What you’ll need
What you’ll need
- Driver's licence or passport
- Two recent payslips, or tax returns if self-employed
- Last 90 days of bank statements
- Current debts and regular expenses
- Vehicle details, plus a quote for any charger or solar
What lenders look for
- 18+, Australian citizen or permanent resident (some lenders consider visa holders)
- Regular, provable income
- A credit history your broker can explain, blemishes included
- Repayments that comfortably fit your budget
First chat to funds in four steps
How it works in detail →- 1Tell us what you’re after
- 2Meet your broker
- 3Compare and choose
- 4We handle the rest
Electric vehicle loans: common questions
Are EV loan rates really lower?
Often, but not always. Some lenders price green car loans below their standard car loans. Your broker compares both so you can see whether the discount is worth any difference in fees or features.
Can I include a home charger?
Many lenders allow it, particularly when the charger is bought at the same time as the vehicle. We will confirm what can be included before you apply.
What about a novated lease?
A novated lease lets you pay for the car from your pre-tax salary through your employer. Whether it suits you depends on your income and employer. Speak to your broker and your accountant.
Can I finance a used or imported EV?
Yes, subject to the lender. Age, compliance and import status all matter, so share the vehicle details early and we will match you with a lender that accepts it.
Do government EV incentives reduce the loan amount?
Where a state or territory incentive applies at the point of purchase, it can lower the price and so the amount you need to borrow. Incentives change often and some have closed, so check what's currently available in your state before relying on one.
Can I finance a plug-in hybrid with a green car loan?
Some lenders include plug-in hybrids in their green loan criteria, while others limit it to fully electric vehicles. Your broker can check how lenders on their panel treat the specific model you're considering.
Is a used EV harder to finance than a used petrol car?
Not necessarily. Most lenders apply similar age and condition rules, though some ask more questions about imports or older battery technology. Having the vehicle details, compliance paperwork and a battery health report ready makes the process smoother.
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