Finance your next electric vehicle
Calculate your repayments instantly, then compare green car loan rates from Australia's leading lenders — all in one place.
Green loan rates from
6.57%
p.a. comparison rate*
Repayment calculator
Adjust the sliders to estimate your monthly repayments.
5-year loan · 60 monthly repayments
Monthly repayment
$891
Loan amount
$45,000
Total interest
$8,450
Total repaid
$53,450
Green loan tip: Some lenders offer EV-specific rates from 6.57% p.a. — you could save $533 in interest over 5 years.
This calculator is for illustrative purposes only. Repayments shown are estimates based on the inputs provided and do not include fees, charges, or insurance. Comparison rates and final loan terms are set by the lender. Always read the loan offer documents carefully.
What is a green car loan?
A green car loan is a standard personal or secured car loan offered at a discounted interest rate for electric vehicles, plug-in hybrids, and hybrids. Most major Australian banks and specialist lenders offer them to incentivise lower-emission vehicle purchases.
Lower interest rates
Most major Australian lenders offer a 0.5–1.5% rate discount for EVs, PHEVs and hybrids over equivalent petrol car loans.
Terms up to 7 years
Spread your repayments over 1–7 years. Longer terms mean lower monthly payments — just factor in total interest paid.
Fixed rate security
Most green car loans are fixed rate, so your repayment never changes even if the RBA moves rates.
New or used EVs
Green loan rates typically apply to new and used EVs up to 7 years old. Check lender criteria for PHEV and hybrid eligibility.
Compare green car loans
Indicative rates for EVs, PHEVs and hybrids. Always confirm with the lender.
Plenti
Lowest rateAustralia's leading green car loan specialist
From 6.57% p.a.
- No early repayment fees
- Fast online approval
- EV-specific rates
NAB Green Car Loan
Discounted rate for EVs & PHEVs
From 6.99% p.a.
- Available to NAB customers
- Fixed rate
- No ongoing fees
CommBank Green Car Loan
Lower rate for electric & hybrid vehicles
From 6.99% p.a.
- Flexible repayment frequency
- Fixed rate loan
- Optional balloon payment
Latitude Finance
Flexible car loans for new and used EVs
From 7.99% p.a.
- New and used vehicles
- Quick online decision
- Choose your repayment date
* Rates shown are indicative and subject to lender approval, credit assessment, and eligibility criteria. etricauto may receive a referral fee from partner lenders.
EV insurance
Electric vehicles can cost more to insure due to higher repair costs and battery replacement risk. Always get an agreed-value policy that covers battery replacement — not just market value.
Budget Direct
Comprehensive EV cover with agreed value option
Get a quoteYoui
Tailored cover — only pay for what you need
Get a quoteNRMA Insurance
Australia's most trusted insurer — EV ready
Get a quoteCompare the Market
Compare dozens of policies in minutes
Get a quoteInsurance links are provided for convenience. etricauto does not provide financial advice. Compare policies carefully before purchasing.
Ready to find your EV?
Browse thousands of EVs, PHEVs and hybrids for sale across Australia.