Electric car loan rates

We’re committed to helping Australians make the transition to an electric car.

An electric car is solely powered by an electric battery. This does not include hybrid vehicles.

Asset condition Interest rate Comparison rate
New and demo 2.99% pa 2.99% pa
Used 3.69% pa 3.69% pa

Rates are for new loans and are subject to change. Rates displayed are fixed.

What is a comparison rate?

Car loan rates

Select from the options below to filter car loan interest rates for petrol and diesel vehicles.

Property owner

Our car loans reward good borrowers with competitive rates. A larger deposit means a lower loan to value ratio (LVR) and rate. If you're looking at a new car and own property in your own name, you could get an even more competitive rate.

 

New vehicle

Loan to value ratio (LVR) Interest rate Comparison rate
≤ 90 3.35% pa 5.34% pa
> 90 – 110 3.95% pa 5.94% pa
> 110 - 130 4.35% pa 6.34% pa

 

Rates are for new loans and are subject to change. Rates displayed are fixed.
For personal use car loans, where the loan term is greater than 60 months, an additional 1.00% applies to the displayed rate. This does not apply to electric car loans.

What is an LVR?

What is a comparison rate?

New vehicle

Loan to value ratio (LVR) Interest rate Comparison rate
≤ 90 3.35% pa 5.34% pa
> 90 – 110 3.95% pa 5.94% pa
> 110 - 130 4.35% pa 6.34% pa

 

Rates are for new loans and are subject to change. Rates displayed are fixed.
For personal use car loans, where the loan term is greater than 60 months, an additional 1.00% applies to the displayed rate. This does not apply to electric car loans.

What is an LVR?

What is a comparison rate?

Used vehicle (2-3 years old)

Loan to value ratio (LVR) Interest rate Comparison rate
≤ 90 4.00% pa 5.99% pa
> 90 – 110 4.60% pa 6.60% pa
> 110 - 130 5.35% pa 7.35% pa

 

Rates are for new loans and are subject to change. Rates displayed are fixed.
For personal use car loans, where the loan term is greater than 60 months, an additional 1.00% applies to the displayed rate. This does not apply to electric car loans.

What is an LVR?

What is a comparison rate?

Used vehicle (4+ years old)

Loan to value ratio (LVR) Interest rate Comparison rate
≤ 90 4.20% pa 6.19% pa
> 90 – 110 4.80% pa 6.80% pa
> 110 - 130 5.55% pa 7.55% pa

 

Rates are for new loans and are subject to change. Rates displayed are fixed.
For personal use car loans, where the loan term is greater than 60 months, an additional 1.00% applies to the displayed rate. This does not apply to electric car loans.

What is an LVR?

What is a comparison rate?

Non-property owner

 

New vehicle

Loan to value ratio (LVR) Interest rate Comparison rate
≤ 90 4.50% pa 6.49% pa
> 90 – 110 5.10% pa 7.10% pa
> 110 - 130 5.85% pa 7.85% pa

 

Rates are for new loans and are subject to change. Rates displayed are fixed.
For personal use car loans, where the loan term is greater than 60 months, an additional 1.00% applies to the displayed rate. This does not apply to electric car loans.

What is an LVR?

What is a comparison rate?

New vehicle

Loan to value ratio (LVR) Interest rate Comparison rate
≤ 90 4.50% pa 6.49% pa
> 90 – 110 5.10% pa 7.10% pa
> 110 - 130 5.85% pa 7.85% pa

 

Rates are for new loans and are subject to change. Rates displayed are fixed.
For personal use car loans, where the loan term is greater than 60 months, an additional 1.00% applies to the displayed rate. This does not apply to electric car loans.

What is an LVR?

What is a comparison rate?

Used vehicle (2-3 years old)

Loan to value ratio (LVR) Interest rate Comparison rate
≤ 90 5.45% pa 7.45% pa
> 90 – 110 6.05% pa 8.05% pa
> 110 - 130 6.55% pa 8.55% pa

 

Rates are for new loans and are subject to change. Rates displayed are fixed.
For personal use car loans, where the loan term is greater than 60 months, an additional 1.00% applies to the displayed rate. This does not apply to electric car loans.

What is an LVR?

What is a comparison rate?

Used vehicle (4+ years old)

Loan to value ratio (LVR) Interest rate Comparison rate
≤ 90 6.45% pa 8.45% pa
> 90 – 110 7.05% pa 9.06% pa
> 110 - 130 7.55% pa 9.56% pa

 

Rates are for new loans and are subject to change. Rates displayed are fixed.
For personal use car loans, where the loan term is greater than 60 months, an additional 1.00% applies to the displayed rate. This does not apply to electric car loans.

What is an LVR?

What is a comparison rate?

Car loan fees

Fee type  Amount 
Establishment fee $0 for electric car loans
$990.00 for all other car loans
Administration fee $0 for electric car loans
$8.25 per month for all other car loans
 


Other fees and charges may apply.

Car loan options

How to apply

Give us a call on 1800 100 152 to speak with a finance specialist or make an enquiry via the button below.

Apply if you

  • are 18 years old or over,
  • are a permanent resident of Australia

What's next?

  • After you submit your online enquiry, we'll be in touch to provide an indicative quote and we can proceed with your application over the phone.
  • As your application progresses, you'll be kept up to date with email notifications and calls from your dedicated finance specialist.

Additional information

Finance provided by Macquarie Leasing Pty Ltd ABN 38 002 674 982 Australian Credit Licence 394925. Information on this page does not take into account your objectives, financial situation or needs and does not constitute an offer capable of acceptance. Lending criteria, fees and T&Cs apply.
 

The comparison rate is based on a secured consumer loan of $30,000 and a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Information and interest rates are current as at 9 July 2021 for new loans only and are subject to change.