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Electric Car Loans to suit your lifestyle and budget.
Compare lenders, loans and rates with our straightforward application process.
At iCREDIT, we are deeply committed to promoting environmental responsibility.
That’s why we are excited to introduce our special electric car loan program. Our aim is to inspire you to embrace eco-friendliness while reaping the benefits of reduced rates and exclusive discounts tailored exclusively for electric vehicle enthusiasts. Join us in making a positive impact on the environment and enjoy the rewards that come with it through our iCREDIT electric car loans.
We’re here to assist you in financing your dream electric vehicle, whether it’s a Tesla you’ve been eyeing for some time or your first venture into the electric car world. With our platform, we strive to streamline your electric car financing process, ensuring it’s as effortless as possible.
As part of our commitment to providing flexible options, you may qualify for a ‘green car’ reduced interest rate for electric car loans. This feature can help reduce your regular repayments, making it even more convenient for you.
Why Choose iCREDIT for Your Electric Vehicle Finance Needs?
Trusted Expertise: With years of experience in the car loan industry, we possess the knowledge and expertise to seamlessly guide you through the finance process.
Customised Solutions: We understand that every electric vehicle owner has unique financial requirements. Our extensive panel of lenders empowers us to create tailored finance solutions that align with your individual circumstances.
Diverse Product Range: Whether you’re looking to electrify your commute with an electric car, we offer finance solutions for a broad spectrum of electric vehicles, ensuring you are well equipped to choose the vehicle of your choice.
Competitive Rates: We can provide you with some of the most competitive rates in the electric vehicle finance industry, making electric vehicle ownership more affordable and sustainable than ever before.
A quicker, hassle free lending journey
Experience the ease of our straightforward 3-step process, ensuring you access your funds without delay.
How much do you want to borrow?
The car loan calculator provided on this website is intended for informational purposes only. It serves as a guide to help estimate potential monthly loan payments based on the provided input parameters. Please be aware that the actual interest rates and loan terms offered by lenders may vary.
Interest rates for car loans are influenced by several factors, including but not limited to the type of vehicle, the borrower’s creditworthiness, and prevailing market conditions. Consequently, the interest rates applied to your specific car loan application may be higher or lower than the rates displayed by the calculator.
iCREDIT – Your Trusted Partner for EV
Thanks to our extensive lender panel, we’re able to offer you some of the most competitive rates in the EV finance sector. This means that owning an electric vehicle is not only a sustainable choice but also an incredibly cost-effective one when you choose iCREDIT.
Why do people choose us?
iCREDIT stands out as your financing option for several compelling reasons. While not as large as some other institutions, our size allows us to offer distinct advantages to our valued customers.
We’ve helped thousands of Australians find their loan.
Type of Loans Available
Secured EV Loans
About Secured Loans
Secured loans use an unencumbered asset such as your electric vehicle as security for the loan. A Secured Loan can help in borrowing higher loan amounts as this provides comfort for the bank as it helps reduce their overall risk.
Business EV Finance
About Business Loans
Business Electric Vehicle Finance can offer various taxation benefits for Sole Traders through to Companies & Trusts. Chattel Mortgage, Rent to Own and Leasing options are available. Speak to our finance consultants to find out what product may be suitable for you.
Unsecured EV Loans
About Unsecured Loans
Unsecured personal loans offer flexibility with loan terms ranging from 1 – 7 years. Unsecured personal loans can start from $5000 to $60000.
Second Chance EV Loans
About Second Chance Loans
We can assist with second chance electric vehicle loans. Whether you have poor credit or default history, we may have a product suitable to your needs.
An electric car loan is a type of auto financing specifically designed for purchasing electric vehicles (EVs). It provides individuals with the funds needed to buy an electric car and repay the loan over a specified period.
Interest rates for EV loans can vary as like most car loans, however there may be qualifying ‘green car’ discounts offered by lenders. It depends on factors like your credit score, the vehicle age, the lender, and the loan term.
Down payment or deposit requirements can vary between lenders, but some may offer zero-down or low-down payment options for electric car loans. It’s best to check with your iCREDIT consultant to understand specific requirements.
Depending on your location, there may be government incentives, tax credits, or rebates available for purchasing an electric vehicle. These incentives can reduce the overall cost of the EV and, indirectly, the loan amount.
Some lenders may allow you to include the cost of charging station installation in your electric car loan, but this can vary. It’s essential to discuss this with your iCREDIT consultant and explore any available options.
Loan terms for electric car loans typically range from 36 to 84 months, depending on the lender and your preference. Longer loan terms may result in lower monthly payments but could lead to higher overall interest costs.
Yes, it’s possible to refinance an existing electric car loan to secure better interest rates, lower monthly payments, or extend the loan term. Refinancing can help save money over the life of the loan.
Penalties for early loan repayment can vary by lender and loan agreement. Some loans may have prepayment penalties, while others do not. It’s important to review your loan terms to understand any potential penalties or discuss the various options with your iCREDIT consultant.
Yes, you can use a personal loan to finance an electric car purchase. However, interest rates on personal loans may be higher than those on dedicated EV loans or auto loans, so it’s advisable to compare your options.
Are at least 18 years old
Permanent resident of Australia or a valid visa holder
Receiving a steady income from PAYG, Self Employment or Centrelink
PROS & CONS OF ELECTRIC VEHCICLE (EV) LOANS
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