MoveBank launches new green car loan

electric vehicle charging in a car park

More Australians are turning their eyes to electric vehicles, and car loan lenders are joining in.

MoveBank now offers a loan specifically for environmentally friendly vehicles: the Green Fixed Rate Car Loan.

The new green car loan starts from a low 4.09% p.a. (4.35% p.a. comparison rate*) and it comes with redraw facilities and free extra repayments. You can also borrow between $10,000 to $150,000 which is great since electric vehicles sometimes run on the more expensive side.

To qualify for MoveBank’s new green loan, you must comply with the MoveBank Green Vehicle Criteria which states that your vehicle must be one of the following:

  • Pure electric
  • Plug-in hybrid electric
  • Regenerative hybrid

All vehicles must have an internal combustion engine that produces less than 125 g/km tailpipe CO2.

How does MoveBank’s green car loan compare?

For starters, the Green Fixed Rate Car Loan is 183 basis points below the 5.92% average fixed car loan rate in Mozo’s database. It is also 207 basis points below the 6.16% average fixed green loan rates and among the lowest green car loans available in Mozo’s database.

MoveBank is one of the many lenders starting to offer sustainable financial services to their customers as a way to help with the climate crisis and encourage Aussies to consider greener options.

If you are thinking about getting a new car soon, check out Mozo’s car loan guide to enhance your knowledge before buying a new set of wheels.

Car loan comparisons on Mozo - rates updated daily

Search promoted car loans below or do a full Mozo database search. Advertiser disclosure.
  • placeholder
    New Car Loan

    Including Demo, Fixed, Secured

    Interest rate
    comparison rate
    Monthly repayment
    4.99% p.a.
    5.53% p.a.based on $30,000
    over 5 years

    Low fixed car loan rate for purchasing new and demo vehicles from dealers. There is no monthly or ongoing fees and early payout options available. Winner of Mozo's Experts Choice Car Loan 2021 award^.

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    Details
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    Car Loan

    Fixed

    Interest rate
    comparison rate
    Monthly repayment
    4.89% p.a.to 9.99% p.a.
    5.44% p.a.to 10.56% p.a.based on $30,000
    over 5 years

    Enjoy competitively low rate car loans from 4.89% (comparison rate 5.44% p.a.) between $10,000 and $100,000 for new, demo and used vehicles. Take advantage of flexible 3, 5 or 7 year loan terms. No early repayment or exit fees. You must be 21 years or over to qualify and earn above $35,000.

    Go to site
    Details
  • placeholder
    Car Loan

    Fixed, Secured

    Interest rate
    comparison rate
    Monthly repayment
    5.35% p.a.
    5.65% p.a.based on $30,000
    over 5 years

    Available for all New and Used cars up to 7 years. A quick and easy, 100% online application with loans up to $75,000. No printing. No paper. No fuss. No monthly account keeping fees, no exit fees and no early repayment fees.

    Go to site
    Details
  • placeholder
    Used Car Loan

    Dealer Only, Up to 5 years old, Fixed, Secured

    Interest rate
    comparison rate
    Monthly repayment
    4.99% p.a.
    5.53% p.a.based on $30,000
    over 5 years

    Used Car Loan with no monthly or ongoing fees, with a fixed rate for the life of the loan. Fast online application.

    Go to site
    Details
  • placeholder
    Secured Car Loan

    Fixed

    Interest rate
    comparison rate
    Monthly repayment
    6.79% p.a.
    7.16% p.a.based on $30,000
    over 5 years

    Reach your goal sooner without being penalised with $0 early payout fee. $0 monthly fees. Choose to make either monthly, fortnightly or weekly repayments to suit your income and budget. Winners of Australia's Best Large Credit Union in 2020.

    Go to site
    Details
  • placeholder
    Secured Car Loan

    Fixed

    Interest rate
    comparison rate
    Monthly repayment
    4.74% p.a.to 16.01% p.a.
    5.01% p.a.to 16.31% p.a.based on $30,000
    over 5 years

    Low personalised rates, ideal for borrowers with excellent credit. No monthly account fees, no early payout fees, so you can pay off your loan sooner. Borrow between $5,000 and $64,000. Easy online application, receive a response in minutes and approved funds within 24-48 hours!

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    Details
  • placeholder
    Clean Green Car Loan

    New or Used, Fixed, Secured

    Interest rate
    comparison rate
    Monthly repayment
    4.29% p.a.
    4.83% p.a.based on $30,000
    over 5 years

    No monthly or ongoing fees. Get a 0.70% discount on your car loan interest rate if you buy a qualifying green car. Winner of Mozo's Experts Choice Green Car Loan 2021 award^.

    Go to site
    Details

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.