Green Car Loan

Make the switch to an electric, hybrid or hydrogen vehicle and be rewarded with a lower rate.†

5.69 % PA
Fixed Interest Rate Quick start my application
6.04 % PA
Comparison Rate*
Fees

Use this loan for

Use our Green Car Loan to purchase or refinance a new or used electric, hybrid or hydrogen vehicle up to 7 years old†. 

Features

  • Fixed repayments to make budgeting easy
  • Make unlimited additional repayments
  • Pay out at any time with no penalty
  • Redraw your additional repayments online at any time
  • 100% finance available to approved applicants
  • Secured loans from $5,000
  • Loan terms from 1 to 7 years
  • Pay weekly, fortnightly or monthly
  • Vehicle must be no more than 10 years old at the end of the loan term

Fees apply to new Car Loans from 11 December 2024
Application Fee  $250
Monthly Fee $0
Online redraw $0
Early payout fee $0
FAQs

What is a Green Car Loan?

Our Green Car Loan is a secured Car Loan that supports you in choosing a more environmentally friendly vehicle. A discounted interest rate is offered for eligible electric, hybrid or hydrogen vehicles†. Lending and eligibility criteria apply.

Why should I choose a green vehicle?

There are many benefits to choosing an electric, hybrid or hydrogen vehicle. Green vehicles† can reduce the impact on the environment, require less fuel and come with potential tax benefits – visit greenvehicleguide.gov.au to learn more. Not to mention, there are increasingly more options as they rise in popularity across Australia. Choosing a green vehicle could also qualify you for our Green Car Loan.

What vehicles are eligible for a Green Car Loan?

If you’re thinking about buying a green vehicle you’ll need to decide on an electric, hybrid or fuel-efficient vehicle. Pure electric vehicles (EVs), plug-in hybrid electric vehicles (PHEVs), fuel cell electric vehicles (FCEVs), regenerative electric (non-plug in) or hydrogen vehicles (HEVs) up to seven years old are all accepted under our Heritage Green Car Loan.

How do I apply for a Green Car Loan?

You can apply for a Green Car Loan the same way as any other personal loan, no extra verification is required. Quick start your online application today, give us a call or drop into your nearest branch.

Can I refinance to a Green Car Loan if I already have an existing Heritage Bank Car Loan?

No, you’re unable to refinance an existing Heritage personal loan to a Green Car Loan. If you have an existing loan for a green vehicle with another financial institution, you can refinance this loan to a Heritage Green Car Loan, if the lending and eligibility criteria are met.

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