Queensland Country Bank logo

Queensland Country Bank Green Car Loan

Advertiser disclosure
Interest rate from
3.74% p.a.
Comparison rate from
4.02% p.a.based on $30,000
over 5 years
Upfront fee
$150

Mozo editorial review Queensland Country Bank Green Car Loan - last updated: 15 March 2022

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What's hot
  • 3.74% p.a. variable rate (4.01% p.a. comparison rate*)
  • No early repayment penalty
  • Extra repayments and redraws allowed
What's not
  • $150 establishment fee
Mozo snapshot

Got your eye out for the perfect loan to help you get behind the wheel of an electric vehicle or hybrid car? Meet the Queensland Country Bank Green Car Loan. Not only does this product sport a competitively low variable interest rate, it’s also got minimal fees and flexible repayment options.

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Key features

The Queensland Country Bank has more than just a low interest rate, it’s got a bunch of handy features too! 

With a variable rate of 3.74% p.a. (4.01% p.a. comparison rate*), this product has one of the lowest car loan rates on offer on the Mozo database. Loan amounts are anywhere upwards of $1,000 and can be paid back over 1 to 7 years. 

Speaking of repayments, Queensland Country Bank knows a thing or two about flexibility. Not only do customers have the option of a weekly, fortnightly or monthly repayment schedule, they can also make extra repayments and redraws at no extra cost. 

In fact, there are no pesky early repayment fees for those that pay down their debt ahead of time. Plus, there are also no monthly service fees or exit fees to worry about. Just don’t forget to factor in the $150 upfront establishment fee when you first sign up.

It's also good to know that Queensland Country Bank now offer a similar Business Green Car Loan option for business purposes.

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Who is it good for

This product could be the right choice for someone looking to purchase a new or demonstrator electric or hybrid vehicle with a competitive loan that offers a low rate, flexible features and minimal fees.

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Any catches

It’s important to note that to be eligible to borrow from Queensland Country Bank you must be a member. To qualify for membership you must be over 18, a permanent resident of Australia and currently living in Australia. The good news is, you can open a Queensland Country Bank membership as part of your loan application.

Details

Rates and fees information correct as at 18 May 2022. 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

Variable

3.74% p.a.variable

4.02% p.a.based on $30,000
over 5 years

Fees

$150.00

$0.00

$40.00

n/a

$0.00

Other financial bits

$1,000.00

none

1 Year

7 Years

Vehicle

Features

Weekly, Fortnightly, Monthly

yes

yes

none

Available for personal and business car loans.

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.

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About Queensland Country Bank