With appetite for electric and hybrid vehicles showing no signs of slowing down, the credit union has taken the wheel, joining a number of lenders offering green car loans for low-emission vehicles.
- Loan term of up to seven years
- Minimum loan amount of $10,000
- $195 application fee
- $5 monthly fee
- $100 PPSR (personal property securities register) fee
Community First's Green Car variable loan offers the flexibility of no early repayment penalty.
Both fixed and variable loan options also provide access to redraw funds in advance at a charge of $15 online or $30 staff assisted across Community First's 14 NSW branches.
John Tancevski, CEO of Community First Credit Union, said introducing green car loans with a competitive rate of 3.99% p.a. aims to provide affordable funding for motorists to take advantage of electric and hybrid vehicles.
"EVs are not only cheaper to run and quieter on our roads but will reduce carbon emissions and air pollution that will provide better health outcomes for the community," Mr Tancevski said.
"Every eligible motorist will pay our competitive 3.99% p.a. interest rate."
To be eligible for a Community First Green Car Loan, applicants must meet the following requirements:
- Are over 18 years of age
- Have a regular income
- Are not or have not been bankrupt
- Are an Australian citizen or a permanent resident
- Have not had defaults on any loans, credit cards, interest-free finance or store cards in the last five years
- Have been in your current job longer than six months
- Have an acceptable credit risk profile
In the market for a new car? The table below features green car loans with some of the lowest interest rates on the market for low-emissions vehicles.
|Fixed||New||1 year||More details|
|FEATUREDApproval within 24 hours|| |
Green Car Loan Fixed
Green Car Loan Fixed
|Fixed||New, Used||7 years||More details|
Hybrid and Electric Car Loan
|Fixed||New, Used||99 years||More details|
Electric Vehicle Loan (Fixed)
|Variable||New||99 years||More details|
Green Car Loan
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