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Car loans for the planet conscious

We reward greener vehicles through a reduced rate Electric Vehicle loan for new or used EVs. We also offer a standard car loan for used vehicles. You can pay off your loan early at no cost to you.

Compare our rates

  • Electric Vehicle Loan

    A low rate loan for new or used electric vehicles (EVs).
    6.95%p.a.
    Fixed rate
    6.95%p.a.
    Comparison rate*

    Snapshot

    • 7 years – Maximum loan term for new vehicles
    • 5 years - Maximum loan term for used vehicles
    • $1,000 – Minimum loan amount
    • $0 – Early repayment fee
    • No establishment fees
    Learn more

  • Car loan - used cars

    A car loan for used cars with internal combustion engines.
    8.95%p.a.
    Fixed rate
    9.16%p.a.
    Comparison rate*

    Snapshot

    • 5 years - Maximum loan term for used vehicles
    • $1,000 – Minimum loan amount
    • $0 – Early repayment fee
    • $150 – Establishment fee
      ‍
    Learn more

Supporting the transition to electric


We're at a crucial moment for climate – and it's the number one issue our customers care about. As part of our climate action strategy and our ambitious target of reaching net zero emissions by 2035, we've stopped offering car loans for new fossil fuel cars.
‍

Learn more about our commitment

Above: The Great Ocean Road, VIC

What is Bank Australia?

Clean money, a customer-owned conservation reserve, and no executive bonuses.
It’s banking as you know it with an ethical bent.

How to join Bank Australia?

Scan the QR code to download the Bank Australia app.

Download app at the App Store

They have good social and environmental standards and have also kept up with innovation.

Alice Kenney

Assistance I received was exceptional with follow ups and accommodating above and beyond.

Jasmine S

The platforms were user friendly and I loved the personal touch with communication.

Paul D

Great online service, app and website can do a lot. Would strongly recommend.

Jamie

The Bank Australia app is really great compared to other banks. A wonderful banking experience.

Trish

See all reviews

Need support with banking?
Head to our help section for more information.

100%

In support of people and the planet

Customer owned, you have voting rights

Purpose-driven banking

Renewable electricity
powers all offices and branches

Bank Australia employees based in Australia

Yes, we did start out as the CSIRO Co-operative Credit Society in 1957

Related topics

Things you need to know

CAR LOAN

  • *Comparison rate: The Comparison Rate is based on a secured loan of $30,000 for 5 years. Additional fees and charges may be applicable. WARNING: This comparison rate is true only for the example given and may not include all fees and charges.
  • Our Electric Vehicle Loan is for fully electric vehicles only.
  • Lending for new vehicles (including ex-demonstrators with fewer than 1,000 km) is limited to Electric Vehicles (EVs). An EV is defined as a vehicle without an internal combustion engine (ICE).

GENERAL ADVICE

  • Information provided is general in nature only. Any information and advice does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you and seek any third party advice you need.
  • All applications are subject to a credit assessment and approval.
  • All applicable terms and conditions will be included in our loan offer.
  • Additional fees and charges may be payable – all relevant details will be included in our loan offer.
  • Information and interest rates are current as at the date of publication and are subject to change at any time, at the discretion of Bank Australia Limited.