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.

Community First's fixed and variable Green Car Loans are secured personal loans featuring:

  • 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.


FixedNew1 yearMore details
Approval within 24 hours
  • Save the planet. Save thousands on your car loan.
  • Get a discounted rate if you buy electric
  • Required: Good credit history, stable employment history. Aus citizenship or PR.
Approval within 24 hours

Green Car Loan Fixed

  • Save the planet. Save thousands on your car loan.
  • Get a discounted rate if you buy electric
  • Required: Good credit history, stable employment history. Aus citizenship or PR.
FixedNew, Used7 yearsMore details

Hybrid and Electric Car Loan

    VariableNew99 yearsMore details

    Green Car Loan

      VariableNew99 yearsMore details

      Electric Vehicle Loan-New Car Loan

        FixedNew, Used3 yearsMore details

        Green Fixed Rate Car Loan

          Important Information and Comparison Rate Warning

          All products with a link to a product provider’s website have a commercial marketing relationship between us and these providers. These products may appear prominently and first within the search tables regardless of their attributes and may include products marked as promoted, featured or sponsored. The link to a product provider’s website will allow you to get more information or apply for the product. By de-selecting “Show online partners only” additional non-commercialised products may be displayed and re-sorted at the top of the table. For more information on how we’ve selected these “Sponsored”, “Featured” and “Promoted” products, the products we compare, how we make money, and other important information about our service, please click here.

          The comparison rates in this table are based on a loan of $30,000 and a term of 5 years unless indicated otherwise. The comparison rates for car loans and secured personal loans for the relevant amounts and terms are for secured loans unless indicated otherwise. The comparison rates for unsecured personal loans are applicable for unsecured loans only. WARNING: This comparison rate applies 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. Comparison rates are not calculated for revolving credit products.

          Monthly repayment figures are estimates only, exclude fees and are based on the advertised rate for the term and for the loan amount entered. Actual repayments will depend on your individual circumstances and interest rate changes. Rates correct as of May 21, 2024. View disclaimer.

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