Great Southern Bank logo

Great Southern Bank Green Car Loan

Advertiser disclosure
Interest rate from
5.99% p.a.to 14.29% p.a.
Comparison rate from
6.36% p.a.to 14.69% p.a.based on $30,000
over 5 years
Upfront fee
$265.00

Mozo editorial review Great Southern Bank Green Car Loan - last updated: 11 December 2023

binocular icon
What's hot
  • Unlimited extra repayments
  • Free redraw facility
  • No ongoing fees
What's not
  • $265 application fee
  • $200 minimum redraw in-branch
Mozo snapshot

If you are looking to drive away into the sunset with an electric car, the Great Southern Bank Green Car Loan might be a good option. This green loan has no ongoing fees and fixed rates starting between 5.99% p.a. (6.36% p.a. comparison rate) to 14.29% p.a. (14.69% p.a. comparison rate). 

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Key features

The rundown for the Great Southern Bank Green Car Loan is that it offers fixed rates starting between 5.99% p.a. (6.36% p.a. comparison rate) to 14.29% p.a. (14.69% p.a. comparison rate) for loan amounts ranging from $5,000 to $75,000. The loan can be used to buy or refinance an eligible electric or hybrid vehicle and a home charging station. 

Just got a work bonus? The Great Southern Bank Green Car Loan allows you to make extra unlimited repayments without any cost and also offers a free redraw facility. You can also enjoy zero exit and ongoing service fees, although it is important to note the $265 application fee. 

The repayment schedule is up to you, with the option to repay this loan over 1 to 7 years, either in weekly, fortnightly or monthly repayments.

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Who is it good for

The Great Southern Bank Green Car Loan would suit those who are interested in buying or refinancing a green car and would like flexibility with their loan.

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Any catches

This loan is eligible for electric and hybrid cars only, so make sure you read the eligibility criteria to ensure your dream car qualifies for the loan.

Details

Rates and fees information correct as at 31 May 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

Fixed

5.99% p.a.to 14.29% p.a. fixed

6.36% p.a.to 14.69% p.a.based on $30,000
over 5 years

Fees

$265.00

$0.00

$0.00

$0.00

0

Other financial bits

$5,000.00

$100,000.00

1 Year

7 Years

Vehicle

Features

Car, Green car

Weekly, Fortnightly, Monthly

yes

yes

$200 minimum withdrawal amount applies for redraws conducted in-branch.

Applications made in branch have loan amounts available from $3,000, the minimum loan amount for online applications is $5,000.

WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. 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.

Customer Reviews

How are Great Southern Bank personal loans rated by the Mozo community?

Overall
8.0/10
Price
7.9/10
Features
7.4/10
Customer service
8.1/10
Convenience
7.7/10
Trust
8.1/10
Based on 142 Great Southern Bank personal loan reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

About Great Southern Bank

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