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What is a “green car”?
Green by design, not colour, this car loan offers you a lower interest rate to reward you for purchasing a lower emissions vehicle. It’s easy on your wallet, and easy on the environment.
How do I know if my car qualifies?
The lower interest rate is available to cars with C02 value of 180 g/km or less3. Generally, this will include new cars, hybrid cars or cars that have lower emissions for their size.
To see if your car is eligible, email us at personalloans@bankfirst.com.au
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Top 12 Green Cars
Toyota Corolla Mazda 3 Hyundai i30 Mazda CX-5 Most Toyota RAV4s Most Nissan X-Trails Most Volkswagen Golfs Mitsubishi ASX Kia Cerato Mazda CX-3 Mitsubishi Outlander Most Honda CR-Vs
The details:
Flexible repayments and no monthly fees
Free Redraw ($500 minimum)
Make additional payments at any time7
Loan period up to 7 years
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Rates & Fees
Green Car Loan (L26) Interest Rates Interest Rates Standard Green Car Loan Interest Rates Promotional Variable Interest Rate 2 5.29% p.a. Promotional Comparison Rate 1 5.50% p.a. Variable Interest Rate 1 8.29% p.a. Comparison Rate 1 8.50% p.a. Fixed Interest Rate 1-5 Years Yes, refer to Interest Rates Page Fees Application Fee $0 Establishment Fee 5 $150 Monthly Fee $0 -
More Info
Interest
Interest calculated daily and charged monthly in arrears
Repayments
Principal and interest repayments.
Loan Repayment Insurance
Talk to us about optional Loan Repayment Insurance when you apply.6
Security
We require a Goods Security Agreement on the motor vehicle for all Car Loans. Your motor vehicle must also be registered in the name of the borrower.For more details on transaction fees and tips on how to transact fee-free visit our Transaction Fees page or refer to Terms and Conditions Part B - Fees and Charges.
Eligibility
The Green Car Loan is intended for the purchase of a new car with a build date of the current year or previous calendar year; and the vehicle must have a C02 value of 180g/km or less as rated by the Australian Government Green Vehicle Guide. - How much would my repayments be?
Related products
1. Comparison rate calculated on a secured loan amount of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different comparison rate. Fees and charges apply. Terms and Conditions available upon request.
2. Promotional interest rates available for car loan applications received by 30 June 2020 and funded by 31 July 2020. The 3% discount is off the standard car loan rate. We reserve the right to amend or withdraw these offers at any time.
3. As rated by the Australian Government Green Vehicle Guide. Check website for current eligibility.
4. Comparison rate calculated on a secured loan amount of $10,000 for a term of 3 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different comparison rate. Fees and charges apply. Terms and Conditions available upon request.
5. Only payable if loan is funded.
6. This insurance product is issued by Insurance Australia Limited ABN 11 000 016 722, AFSL 227 681 trading as CGU Insurance. This is general information only and may not suit your particular circumstances. Before making decisions about insurance products you should consider the appropriateness of the information having regard to your circumstances and the Product Disclosure Statement available by calling 1800CGU CCI (1800 248 224).
7. No early repayment penalty is applicable on a variable rate. A break cost fee applies during periods of fixed interest.