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Personal loan for electric vehicles and hybrid cars
Thinking of joining the EV revolution and lowering your carbon footprint? With an ANZ Personal Loan, you can buy a hybrid or electric car, brand new or second-hand. Read on to find out more.
Get that electric feeling with an ANZ Personal Loan
Score a 1% rate discount on all EV and hybrid car loansdisclaimer
From electric cars to electric bikes, make the switch sooner with a personal loan of up to $75,000.
Offer applies to select loan purposes only. Eligibility, ANZ’s credit assessment criteria, T&Cs, fees and charges apply.disclaimer
Your loan, your way
Choose from a fixed or variable rate loan for a term of 1 to 7 years.
Borrow up to $75,000
Without having to provide an asset, such as your home, as security.
Hybrid or electric vehicles (including electric motorcycles)
- New or used electric, hybrid or plug-in hybrid vehicles
- Imported by the manufacturer and purchased from a registered motor vehicle trader
- For personal use only
Electric vehicle chargers
Portable, single-phase wall mounted, or three-phase wall mounted EV chargers.
Electric scooters and bikes
New or used electric bikes (e-bikes) or scooters.
Estimate your personalised interest rate
We tailor our interest rates based on our assessment of your credit score. The better your credit score, the better your interest
Calculate how much you could borrow
Get an indication of how much you may be able to borrow based on your income and expenses. Please note this is an estimate only and your full borrowing amount will only be made available in your Letter of Offer.
Choose a personal loan that works for you
Want your loan repayments to stay the same even if interest rates change? An ANZ Fixed Rate Loan could be for you. Or perhaps you’d prefer to pay off your loan sooner with no exit fees? An ANZ Variable Rate Loan could be for you.
Check your eligibility
To be eligible for an ANZ Personal Loan you must:
- be at least 18 years old;
- earn a minimum of $15,000 per annum; and
- be an Australian citizen, permanent resident, or have a valid visa.
Read up on the eligibility criteria and documentation we’ll need for each type of loan.
Factor in your costs
Hybrid or electric cars can be more expensive to buy new, but because they are powered by rechargeable lithium-ion batteries, they are generally cheaper to run than say petrol- or diesel-powered cars.
EVs also have fewer moving parts because they don’t have internal-combustion engines, which in theory means they should be cheaper to service than petrol- or diesel-powered cars.
Apply for a personal loan
Here's what you need to apply:
- details of your income, expenses, assets and liabilities
- your driver's licence, ANZ Account Number or Customer Registration Number (if you have them)
If you're new to ANZ, you’ll need any two of your Australian driver's licence, Medicare card, Australian passport, or Australian visa.
ANZ Fixed Rate Loan
Borrow $5,000 to $75,000 over 1 to 7 years.
Interest rate from |
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Comparison rate from |
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Features
- Certainty your repayments won’t change even if rates increase as you’ve locked in a fixed interest rate
Things to consider
- Early repayment charges may apply if you make early or extra repayments, repay your loan early or increase your loan amountdisclaimer
- No access to extra money paid (redraw)
The interest rate range shows the minimum and maximum rate that may apply. Your interest rate will be confirmed in your Letter of Offer (if approved).
ANZ Variable Rate Loan
Borrow $5,000 to $75,000 over 1 to 7 years.
Interest rate from |
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Comparison rate from |
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Features
- Ability to make early or extra repayments, or repay your loan early, without additional costs
- Flexibility to increase your loan (subject to credit assessment)
- Access to extra money paid (redraw)disclaimer
Things to consider
- Your interest rate and repayments may increase or decrease during the term
The interest rate range shows the minimum and maximum rate that may apply. Your interest rate will be confirmed in your Letter of Offer (if approved).
Loan approval fee
$150
Loan administration charge
$10 per month, debited every three months until the loan is closed in ANZ systems.
Late payment fee
$20 will be charged if your repayment is 5 days late or more. A further $20 will be charged monthly until repayments are up to date.
Early repayment charges (fixed rate loans only)
You may incur an Early Repayment Cost, which may be significant, if you make early or additional payments. See Early Repayment Costs (PDF) and Consumer Lending Terms and Conditions booklet (PDF).
Hot tip! Don’t forget to insure your green machine
Remember to contact your insurer to add your hybrid or electric vehicle to your insurance policy before driving away.
Financing sustainability
We want to be the leading Australian and New Zealand-based bank in supporting customers' transition to net zero emissions by 2050.
To this end, we’ve set a target to fund and facilitate at least A$100 billion by the end of 2030 towards improving social and environmental outcomes for our customers.
This includes initiatives that help lower carbon emissions, protect nature and biodiversity, increase access to affordable housing and promote financial wellbeing.disclaimer
We joined the Net-Zero Banking Alliance in 2021. Our Climate Change Commitment provides the framework to achieve our strategy of transitioning our lending to net zero in line with the goals of the Paris Agreement.
General
ANZ Fixed Rate Personal Loan
Loan Approval Fee |
$150 |
Loan Administration Charge |
$10 per month, debited every three months until the loan is closed in ANZ systems. |
Early repayment charges |
Early Repayment Costs may apply if you make early or additional repayments, see Early Repayment Charges (PDF) and ANZ Consumer Lending Terms and Conditions booklet (PDF) for further information. |
Late Repayment Fee |
$20 will be charged if your repayment is five days late or more. A further $20 will be charged monthly until repayments are up to date |
ANZ Variable Rate Personal Loan
Hybrid or electric car
Applying for a personal loan
Any information provided is general in nature and does not take into account your personal needs, financial circumstances or objectives and you should consider whether it is appropriate for you. ANZ recommends you read the applicable Terms and Conditions booklets and the ANZ Financial Services Guide (PDF) before deciding whether to acquire, or continue to hold, a particular product.
All applications for credit are subject to ANZ’s credit assessment criteria. Terms and conditions are available on application. Fees and charges apply. Australian credit licence number 234527.
To be eligible for this offer, customers must apply and be approved for a new or increase their existing Fixed or Variable ANZ Personal Loan and select one of the following as the purpose of the loan: New Fuel Car, Used Fuel Car, Hybrid Vehicle, Electric Vehicle, Home Renovation or Energy Efficient Purchases. The final interest rate (including 1% discount) will be confirmed in the Letter of Offer. This offer may be withdrawn or changed at any time without notice. Without limiting any other provision of these terms and conditions, this offer is not available in connection with, or in addition to, any other ANZ Personal Loan offer, promotion, rebate or benefit. Applications for credit are subject to ANZ’s credit assessment criteria.
ReturnWe tailor your interest rate based on our assessment of your credit score. Where you have demonstrated good credit based behaviour, such as not opening too many credit products or making repayments on time for your other credit products, this will be reflected in your credit score and you may be offered a rate in the lower end of our range. Where your credit history isn’t as long, or as good, or you have made many applications in a short period of time, this may negatively impact your credit score and you may be offered a rate at the higher end of the range.
ReturnApplications must be submitted at an ANZ branch, and approved before noon Monday to Friday (AEST), and customers must have approved funds deposited into an existing ANZ everyday account. For a full list of eligible ANZ everyday accounts, please contact us on 1800 801 485 between 8am to 6pm (AEST) weekdays.
ReturnInterest rates as at and are subject to change. These interest rates may be withdrawn or changed at any time without notice and may not be available in conjunction with any other offers, packages, or promotions.
ReturnThese comparison rates are based on a $30,000 Personal Loan for a five year term. The rates are applicable for unsecured loans only.
WARNING: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in different comparison rates.
Fixed rate personal loans aren’t for everyone and early repayment fees and charges, which may be significant, may apply if you make early or additional repayments or repay your loan early. Refer to Early Repayment Charges (PDF) and ANZ Consumer Lending Terms and Conditions booklet (PDF).
ReturnTerms and Conditions and eligibility criteria apply to ANZ Redraw. For further information on ANZ Redraw please refer to the ANZ Consumer Lending Terms and Conditions (PDF).
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