Save on your electric vehicle loan with a green discount

We’re actively supporting your investment in the latest automotive innovations and technology.

Switching to more efficient vehicles can help you achieve your sustainability goals, and may reduce your energy costs. Our specially discounted financing will cover up to 100% of the purchase price and supporting infrastructure such as chargers and batteries.

Whether it’s for business or personal use, we’re here to help you get fully charged.

I'm looking for a...

Looking to buy a car for personal use?

Enjoy a discounted rate for eligible electric vehicle/hybrid purchases with our competitive personal loans.1

Secured Personal Loan 

  • Borrow $4,000 - $100,0002^ over 1-7 years
  • 6.49% p.a. with discount applied
    (usually 6.99%-10.99% p.a.)
  • 7.90% comparison rate3
  • Use the car you're buying as security and pay a lower rate
  • Stay in control with a fixed interest rate and repayments for the term of the loan

Fixed Rate Loan

  • Borrow $4,000 - $50,0002 over 1-7 years
  • 7.50% p.a. with discount applied (usually 8.50%-20.50% p.a.)
  • 8.90% comparison rate3
  • No security required
  • Stay in control with a fixed interest rate and repayments for the term of the loan

Variable Rate Loan

  • Borrow $4,000 - $50,0002 over 1-7 years
  • 7.50% p.a. with discount applied (usually 8.50%-20.50% p.a.)
  • 8.90% comparison rate3
  • No security required
  • Enjoy the flexibility of making extra repayments with no fee

Buying a vehicle for business use?4

Finance discounts are available for qualifying electric, plug-in electric and hybrid-powered vehicles.5 Tell us about the cars you're looking to order and we’ll let you know if they qualify for a financed discount. If you’re upgrading from a previously finance vehicle, we may not even need your financials.6

100% electric vehicles

  • Best finance discount
  • Choice of terms from 3 to 5 years
  • Fixed rate and repayments
  • Optional balloon payment to lower repayments
  • Wall chargers can be included
  • Fast and simple application process
  • Electronic agreement execution

Hybrid and plug-in hybrids

  • Choice of terms from 3 to 5 years
  • Fixed rates and repayments
  • Optional balloon payment to lower repayments
  • PHEV wall chargers can be included
  • Fast and simple application process
  • Electronic agreement execution

Frequently asked questions

  1. Explore our personal loans and choose the right option to meet your needs.
  2. When you're applying, you'll need to select 'Green purchases' as your loan purpose.
  3. We'll ask for a tax invoice or quote from the car’s provider on a company letterhead that confirms: purchase amount, retailer or manufacturer details and itemised specifications of the eligible vehicle. You’ll also need to provide proof the vehicle is comprehensively insured.

For business use, there is no maximum amount. 

For personal use, the maximum you can borrow online for a secured loan is $100,000 or $50,000 for an unsecured loan. If you need more you’ll need to pay the difference, or for a secured loan you’ll need to contact 13 1431 to discuss your needs.

Yes, approvals for personal use are valid for 60 days and business use for 90 days. 

If your delivery is longer than this, we can look to extend your approval on expiry.

For business use, yes you can providing you purchased it less than 12 months ago.

For personal use, yes if you still have proof of purchase, but only on an unsecured loan.

For business, yes you can.

For personal, yes providing it’s provided by the dealer, listed on the same invoice as the car and total loan amount is not more than 120% of the car’s value.

There may be a variety of incentives available based on the state in which you’re registering your vehicle. Federal incentives may also be available depending on how you buy and finance. We recommend you check for any state or federal government incentives including eligibility criteria prior to applying.

Yes, but you won’t qualify for the green discount.

If you indicate you’d like to talk to us, one of our specialists will typically be in touch within 24 hours. The approval process is fairly easy if you’re able to provide us with the information we need to move forward.

Things you should know

  • Information and interest rates are current as at 25 May 2024 and are subject to change. This guide doesn’t consider your individual objectives, financial situation or needs. Before basing any decisions on this information, please consider:

    • Its appropriateness to your circumstances
    • Obtaining professional advice specific to your needs, including financial, taxation and legal advice.

    ^ If you need to borrow more than $100,000 for a secured loan, please call us on 13 1431 to discuss your needs.

    Eligible vehicles must be fully electric, or hybrids emitting less than 120g C02 emissions per kilometre. If you're using the car as security it must be no more than seven years old, not currently under finance and have an active comprehensive insurance policy. The comprehensive insurance policy must be organised prior to loan funding.

    Your borrowing capacity depends on a range of factors such as your credit score.

    Applications for finance are subject to the Bank’s normal credit approval. View the Personal Loan Terms and Conditions. Full terms and conditions will be included in our loan offer. Fees and charges are payable. 

    Comparison rates are calculated based on an unsecured loan of $30,000 and a secured loan of $30,000, over a term of five years. WARNING: Comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

    4 These products are only available to approved business customers and for business purposes only. Applications for finance are subject to the Bank's eligibility and suitability criteria and normal credit approval processes. Customers should view our current Terms and Conditions for Asset Finance (PDF) and consider them before making any decision about these products. Rates, fees and charges apply.

    5 For Business, a discount may apply for qualifying efficient and green vehicles and equipment when you ask for it. The financed vehicle must not be more than eight years old at the end of the finance term. No discounts are automatically applied and must be requested prior to funding. Discounts offered are subject to change without prior notification. We reserve the right to modify or revoke any discount offered at any time, for any reason.

    6 Our simple Replacement Pathway is available for businesses who are upgrading or replacing business cars or equipment currently under finance. Approvals are conditional and subject to the replacement asset being suitable to the Bank. Acceptable evidence of good payment history is required. The asset being purchased must not be older than the asset being replaced. The finance agreement on the asset being replaced must be repaid and the new repayment must not increase by more than 25%. Additional information may be requested depending on your application details, the asset being financed and individual circumstances.

    Credit provided by Commonwealth Bank of Australia.