Your selected car loans
Lowest 3-year fixed rate in the Mozo database, from 5.49% p.a. (5.84% p.a. comparison rate*)
2024 Mozo Experts Choice Award winning car loan
Suitable for EVs, hybrids, and ‘A’ rated vehicles that emit less than 110g of CO2 per km
Flexible loan terms from 1 to 7 years with a minimum loan amount of $2,000.
No fixed break cost, but there is an early repayment penalty of $20
$250 in application fees
$5 monthly service fee.
If you’re in the market for an energy-efficient car, such as a Tesla or Toyota Prius, then Bendigo Bank’s Green Personal Loan (Secured) can help you finance it.
The Green Personal Loan from Bendigo won a 2024 Mozo Experts Choice Award for being one of the best green car loans in Australia.
With the lowest 3-year fixed rate in the Mozo database (for a $30k loan, on 25 October 2024), from 5.49% p.a. (5.84% p.a. comparison rate*), it’s a steal for sustainably-minded drivers.
This loan can be used to buy electric vehicles (EVs), hybrids, and ‘A’ rated vehicles that emit less than 110g of CO2 per kilometre, and the minimum loan amount is quite low at $2,000, making it a good option for those buying a used car.
Flexibility is a feature of Bendigo Bank’s Green Car Loan. You can pay it off over 1 to 7 years and choose between weekly, fortnightly or monthly repayments.
There’s no fixed rate break cost if you need to refinance your car, but there is a fee of $20 if you pay off your loan before the term ends.
You’ll also need to cover a $5 monthly service fee and $250 in application fees.
Your selected car loans
They were so happy to help with any problem
If you’re considering a car loan from Bendigo Bank, then you’ll be pleased to know they offer a range of flexible loans with competitive interest rates. The Green Personal Loan is a Mozo Experts Choice Award winning car loan with one of the lowest 3-year interest rates in the Mozo database.
You can apply for a Bendigo Bank car loan through the bank’s website. To apply, you’ll need:
You’ll also need to be over the age of 18, an Australian citizen or permanent resident, employed or receiving a regular income, not bankrupt or insolvent, and seeking to use the loan for personal use (i.e. not for a business).
Bendigo Bank says the application will take 10-20 minutes to complete.
Bendigo Bank says it aims to get back to customers within 48 hours about the success or failure of their car loan applications.
* 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.
^See information about the Mozo Experts Choice Personal Loan Awards
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