Electric vehicle loans
Be rewarded with a low rate
Our new EV loans will help you switch sooner, with a 1.5% discount on the current interest rate for fully electric vehicles.
Apply for a car loan
Apply online Manage my loanExisting customers can view their account details and transaction history.
From
5.79% p.a.
Interest rate~
Effective 27 November 2023
|
From 6.49%p.a. |
|
Comparison rate^
|
Who is this loan for?
- People aged 18+
- Australia/ New Zealand citizens or permanent residents living in Australia
What is this loan for?
- Brand new and used fully electric vehicles
What do you need to apply?
- Current driver's licence
- Employer contact details
- Length of employment
- Income details
- Assets and savings information
- Other loans details (including credit and store card details)
- Other expenses such as rent or child support payment details
Fees and charges
| Type | Fee |
| Application fee | $499 |
| Early pay out fee | $325 (No fee payable in the last 6 months of the loan term) |
| Monthly fee | NIL |
| Personal property security register (PPSR) | NIL |
| VEDA credit search fee | NIL |
Why choose the NRMA for an EV loan?
Information and resources
Important information about the comparison rate
~Car loan for eligible fully electric vehicles is subject to a 1.5% discount on your personalized interest rate. Electric vehicle loan interest rates range from 5.79% p.a. (comparison rate from 6.49% p.a.^)
*Note = conditions, fees and charges apply. Rates subject to change without notice.
^Comparison rate is calculated on a loan amount of $30,000 secured over a term of 5 years based on monthly repayments. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Costs such as redraw 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. Subject to RACV lending criteria. Australian credit licence 391488.
Disclaimer: NRMA Car Loans products are provided by R.A.C.V. Finance Ltd (ABN 82 004 292 291) trading as NRMA Car Loans. NRMA trademark used under licence from IAG, owner of the trademark for financial services. Personal and credit information is handled by R.A.C.V. Finance Ltd as set out in the Privacy Charter (which includes the Credit Reporting Policy) and the Privacy Notice and Statement of Notifiable Matters. Information about how to raise a complaint is available here.
If you take out a car loan from R.A.C.V. Finance Ltd (ABN 82 004 292 291) trading as NRMA Car Loans, R.A.C.V. Finance Ltd will pay National Roads and Motorists’ Association Limited (ACN 000 010 506) a commission. The commission consists of a fee when you first take out the car loan and a trail commission during the life of your loan. Both the upfront fee and the trail commission are calculated as a percentage of your loan balance.
A Target Market Determination is a document which describes who a product is appropriate for (target market), and any conditions around how the product can be distributed to customers. It also describes the events or circumstances where we may need to review the Target Market Determination for a loan product.
