Financing your EV just got easier.

And we're ready for the drive with you.

That's why we've packed our car loan with features for electric vehicle (EV) owners. Know exactly what your repayments will be with our fixed interest rate of just 4.99% p.a. comparison rate^, zero ongoing monthly fees*, and a host of soon-to-be-announced benefits that'll make you love driving an EV even more.

EVs run exclusive only on rechargeable batteries that can be recharged using specialist chargers or even your home electricity outlet. This means you can recharge your car with fully renewable energy sources; minimizing your environmental footprint.  Not only do electric cars often benefit from often cheaper running costs, but due to less moving parts, they can also benefit from reduced servicing and maintenance costs. Just imagine that – no more messy oil changes and unwanted trips to the servo!

What you get with Pepper Money Electric Vehicle Loans

Industry-leading interest rate
Fixed rate repayments

At 4.99% p.a. comparison rate^, our fixed-rate EV loans are good for the environment and good for your finances.

No deposit or ongoing fees
Zero monthly or ongoing fees

We like our fees like your emissions: zero. That means the option of no deposit, and we don't charge any ongoing monthly or ongoing fees*. 

Electric vehicle finance
Plugged in to the future

It’s more affordable than you think

Our electric car loan calculator will estimate your repayments for a new or used EV. It’s based on a fixed interest rate of 4.99% and you can reduce your repayments with our flexible loan term, deposit and balloon options.

Ready to take the next step?

If you’re ready to make the switch, get your EV application underway with our easy online form.

^ Comparison Rates are calculated based on a secured loan of $30,000 and a term of 5 years. WARNING This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Any calculations or estimations do not constitute an offer of credit or a formal credit quote and is only a calculation of what you may be able to achieve based on the information you have entered. It does not take into account suitable product features or loan product types. Rates + repayments shown are based on user inputted data. All applications for credit must be verified prior to the formal assessment process. All applications are subject to credit assessment and loan eligibility criteria. Terms, conditions, fees and charges apply. Credit is provided by Pepper Asset Finance Pty Ltd CAN 165 183 317 Australian Credit Licence 458899.

Our EV financing at a glance

Interest Rate

Fixed interest rate of 4.99% p.a. comparison rate^.

How to Apply

You can start your application online. Otherwise, call us on 1300 131 572 to find out more.

Who can Apply

We finance EVs for private, sole trader, and company applicants. Balloon options are available.

Loan Term

1 - 7 years

Loan Amount

You can finance the full purchase of your electric vehicle (up to $300,000) starting with $0 deposit. 

EVs we Finance

You can finance any brand of electric vehicle with us; it can be new, used, or a dealer demo.

Repayment Details

Monthly, via direct debit from the borrower's Australian account

Balloon Amounts Available balloon for new, demo or <1 year old EVs.
Loan term 1 - 3 years 4 years 5 years 6+ years
Maximum balloon 50% 45% 40% 0%
Fees and Charges
  • Loan establishment fee | $0
  • Account administration fee | $0
  • Security registration fee | $6

Other fees apply including early repayment, default, and discharge fees. We may also pass onto you any third-party enforcement or recovery costs incurred by us.

 

All applications are subject to Pepper Money's credit assessment and loan eligibility criteria.

Ready to take the next step?

If you’re ready to make the switch, get your EV application underway with our easy online form.

Important Information

Information is valid as at 10 June 2022 and subject to change at any time. All applications are subject to Pepper Money’s credit assessment and loan eligibility criteria. Terms, conditions, fees, and charges apply.  This is factual information, not a financial recommendation or tax advice. If you need advice, get in touch with a licensed financial or tax adviser

* Early repayment and discharge fees apply. We may also pass onto you any third-party enforcement or recovery costs incurred by us.

~ Annual Electric Vehicle Sales published by Electric Vehicle Council “State of Electric Vehicles 2021”

^ All comparison rates are calculated based on a secured loan of $30,000 over a 5 year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees, or other loan amounts might result in a different comparison rate.

Pepper Money Limited ABN 55 094 317 665; AFSL 286655; Australian Credit Licence 286655 Pepper Asset Finance Pty Limited ACN 165 183 317 Australian Credit Licence 458899 is the credit provider for asset finance loans.