Electric vehicle and green car loan guide
A guide to loans for electric cars, including lender concessions, eligible vehicles, charging costs and total ownership comparison.
Eligibility
Usually based on borrower age, income, repayment capacity, credit history and an eligible new electric vehicle. Product conditions and any concession are determined by the lender.
Potential benefits
May offer preferential pricing compared with a normal car loan; structured finance for an eligible electric vehicle; longer tenure or high on-road-price financing may be available under specific lender rules.
How to apply
Select an eligible EV, obtain the dealer quotation, confirm lender product terms and any concession, compare total repayment, submit KYC and income documents, complete vehicle and dealer verification, and review all sanction conditions.