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.
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.
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