Green Car Loan

Get a great rate for green vehicles. Our Discounted Personal Loan (Green Car Loan) provides freedom in choosing a greener vehicle, helping you make a difference to reduce the impact on the environment.
Apply now
Woman drinking coffee while charging car.
rate Rates
accounts Terms and fees
e-statement Required documents
help FAQs
Apply now

Key benefits of this loan

  • check

    No monthly account fees

  • check

    No fees for additional repayments or early payout

  • check

    Flexible repayment frequency - pay weekly, fortnightly or monthly

  • check

    Low rate for cars up to seven years old

  • check

    Redraw facility against your extra loan repayments

  • check

    Pre-approval valid for 90 days

superannuation

Good grows together. Ready to make it happen?

Get a discounted interest rate for a green vehicle – whether it's hybrid, electric or hydrogen. It's our way of saying thanks.

Apply online

Rates

Check out our Discounted Personal Loan (Green Car Loan) rate.
View personal loan rates
Interest rate
help
Comparison rate
help
Green Car Loan
Loan size $20,000-$120,000
Apply online
Interest rate
% p.a.
Comparison rate
% p.a.

Terms and fees

Personal Loan Application Fee 
$250

Monthly Administration Fee
$0 Monthly Administration Fee. Refer to our Fees & Charges document.

Lending Terms & Conditions document 
Download our Lending Terms & Conditions document. 

Fees & Charges document 
Download our Fees & Charges document.

Target Market Determination
Target Market Determinations for our products are available on our Target Market Determinations page.

What you'll need

When you apply for a loan, please have the following information handy. 
savings
Income details
Pay slips, child support, pensions, overtime, allowances, rental income, commissions etc
car
Asset information

Cash savings, value of motor vehicles, shares, bonds, property, furnishings etc

accounts
Expense details
Utility bills, rent, board, maintenance, lease payments etc 
e-statement
Any other loans or liabilities
Home loans, credit cards or other debt through buy now, pay later services  
home
Residential and employment details
Proof of residential and employment history for the past three years
my-cards
Identification documents
Current Australian driver's licence number and expiry, passport, proof of age card

FAQs

A Green Car Loan is a secured loan where a discount is offered to encourage or reward you to opt for a more environmentally friendly car, like a qualifying hybrid or electric car.

To be eligible for our Green Car Loan, you need to borrow $20,000 or more, and your vehicle must be used as security for the loan as well as, satisfy our security requirements and lending criteria. 

You can apply for a Green Car Loan the same way as any other personal loan. No extra verification or documents are required. Simply apply online, give us a call, or drop into your nearest branch. 

We’ll accept pure electric (EVs), plug-in hybrid electric (PHEVs), fuel cell electric vehicles (FCEVs), regenerative electric (non-plug in) (HEVs) or hydrogen vehicles to be eligible for our Green Car Loan. Vehicles can be up to seven years old.

No, you’re unable to refinance an existing People First Bank personal loan to our Green Car Loan.

If you have an existing loan for a green car with another financial institution, you can refinance this to a People First Bank Green Car Loan, if the lending and product eligibility criteria are met. 

Green cars are better for the environment, require less fuel and come with potential tax benefits. Not to mention, there are increasingly more options as they rise in popularity across Australia. Buying a green car could also qualify you for our Green Car Loan. 

refinance

Compare our personal loans

If you aren’t sure which loan will be best for your needs, our comparison tool is a great place to start.

Compare personal loans

These articles may help you

Young couple in car at beach.
calculator-personl-loan

Personal loan calculator

Our personal loan calculator lets you see how much time and interest you could save with extra repayments.

Learn more
chevron_right
Couple goes for a scenic drive
car

Car and Vehicle loans

10 reasons to buy a hybrid car

Thinking of making the switch to a hybrid car? Here’s our top 10 reasons to do so.

Learn more
chevron_right

Need some help? We've got you covered.

Get in touch with us and we can help you get the answers you need.

help
Help and support

Access forms, brochures, support articles, FAQs and more below.

Help and support
lock
Message us securely

Log into Digital Banking to send us a secure message by clicking the link below, or by using your People First Bank App.

Send us a message
location_on
Locate us

Visit us at a branch to get help with your banking.

Find a branch
phone_in_talk
Talk to us

Our Customer Hub team is available to help 24/7.

Call 13 11 82
Divider