Flexible loan terms (up to seven years)
No deposit required
No early repayment fees

Imagine a car upgrade, that also helped your planet?

Give yourself the green light to step into the future with a new or demo green vehicle^ and receive a great variable interest rate to match. Plus you will also have the ability to borrow up to an additional 10% of the initial loan value to fund charging technology to support your green choice. This could include solar, battery storage or electric charging equipment.

Features

  • Variable rate
  • Flexible loan terms (up to seven years)
  • No deposit required
  • Increase your bargaining power with pre-approval
  • No early repayment fees
  • Redraw facility on your loan
  • Control your repayments weekly, fortnightly, or monthly
 

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Rates & Fees

Product Principal and Interest
Green Car Loan 5.99 Interest rate 6.28*Comparison rate
Effective date from Thursday 23 November 2023
Fees
Establishment fee $150
Document fee Document fees apply
Loan maintenance fee $0 /month
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The fine print

The Canstar Outstanding Value Green Car Loan was received in November, 2022 and November, 2023 for the Green Car Loan Product.

^New or demonstrator green vehicles only. A ‘green’ vehicle is defined as one with emissions intensity that does not exceed 120 grams of CO2 emissions per km (g/km). This category includes many electric and plug-in hybrid vehicles. Maximum loan term 7 years.

Please be aware that variable interest rates may change at any time without agreement. All interest rates quoted are per annum. Fees and charges are payable. Normal lending criteria, terms and conditions apply and are available on request.

* WARNING: These comparison rates apply only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. A comparison rate schedule is available at any of our branches. Comparison Rate calculated on a secured loan of $30,000 over a 5 year term based on monthly repayments.

Before acquiring this product, the information above should be read in conjunction with the following documents to determine if this product is right for you: Target Market Determination; Green Car Loan brochure; Account and Access Facility Conditions of Use brochure; Fees and Charges brochure; Credit Guide; and the Loan Interest Rate Schedule.