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Go electric with a green car loan from 5.79% p.a.* (comparison rate 6.49% p.a.^)
- Available for new or used purely electric vehicles (EV)
- Minimum loan amount of $5,000
- Maximum loan term of 7 years
- Reduce your emissions and running costs.
When buying an EV with RACV green car loans, you get a 1.5% discount on your loan interest rate and free Total Care Roadside Assistance for 3 years (valued at $840)*.
Apply now or get in touch
It's easy, secure and only takes around 10 minutes to apply.
Apply online anytime, or contact our team: Monday to Friday, 9am - 5pm, Saturday 9am- 1pm.
How to buy a car with RACV loans
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Apply for loan in about 10 minutes
Apply online or call 13 15 60. Have personal details, income, assets and expenses ready. Include car details if available.
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Get a response usually within 24 hours
We'll review the application and get back to you as quickly as possible.* Pre-approval available before you decide on your car.
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Get your funds within 24 hours of approval
Once approved, we’ll call you to work out the details. When your car is ready, you should get funds within 24 hours.
Calculate your repayments
Estimate your monthly or fortnightly repayments on your car loan^.
You can also choose to pay weekly.
Why choose an RACV car loan?
Helping you choose the right car
Support every step of the way
Satisfaction guarantee
Our 21-day Loan Satisfaction Guarantee^^ gives you peace of mind.
If you take out a consumer loan with RACV Finance and are not completely satisfied, you can repay the borrowed amount within 21 days and we'll cancel your loan without penalty. We'll also refund any interest and waive fees.
Terms and conditions
* R.A.C.V. Finance Limited ABN 82 004 292 291 Australian Credit Licence No. 391488. RACV Finance is subject to RACV lending criteria. Conditions, fees and charges apply.
RACV Loan terms and conditions | Privacy Charter (includes Credit Reporting Policy) | Dispute Resolution
RACV Finance also provides NRMA Car Loans and RACT Car Loans.
^ Comparison rate calculated on a loan amount of $30,000 secured over a term of 5 years based on monthly repayments. This comparison rate is only true for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts will result in a different comparison rate.
** Years of Membership benefit applies to all consumer loan applications (subject to approval) made directly through RACV. Any loan application introduced through a broker/intermediary will not be able to receive the discount.
^^ If you are not completely satisfied with your RACV Finance personal loan, you can return the full loan amount and, if the loan is paid out and finalised within 21 days from the date the loan was funded RACV Finance will refund all application fees and any interest charged; waive the early termination fee (ETF); and cancel any Consumer Credit Insurance or Shortfall Insurance policy taken out and refund all premiums to the loan, product coverage will cease. The Satisfaction Guarantee is not available in conjunction with commercial loan products, leases or loans introduced by Brokers/Dealers.
485 Bourke St, Melbourne VIC 3000
Read the Target Market Determination (TMD) for more details on:
- who this product is appropriate for (target market)
- any conditions around how it can be distributed to customers
- events or circumstances where we may need to review the TMD for a loan product.
Download the Target Market Determination for RACV Secured Personal Loan (197.5KB).
Frequently asked questions
RACV Green Car Loans are for any battery electric vehicles run solely on electricity.
A green car loan – sometimes called green car financing or an electric vehicle loan – offers a lower interest rate than regular loans to help fund the purchase of an eco-friendly car.
Electric vehicles are generally more expensive than their petrol equivalents, so a green car loan can incentivise consumers switching to an electric vehicle sooner.
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To find out what government concessions or rebates are offered in your state or territory check out the Australian Green Vehicle Guide.
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Yes, you can refinance an existing green car loan with another provider if you can meet the eligibility and credit requirements.
For more information, read the RACV Green Loan Target Market Determination (202.2kB).
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Yes, our Years of Membership Benefits discount** applies to all approved loans made directly to RACV.
Here's the annual discount for RACV new, used or green car loans, based on years of membership:
- Bronze (5 - 9 years) receive 5% discount on applicable rate
- Silver (10 - 24 years) receive 10% discount on applicable rate
- Gold (25 - 50 years) receive 15% discount on applicable rate
- Gold 50 (50 + years) receive 20% discount on applicable rate
Keep in mind, any loan application introduced through a broker or intermediary will not be eligible to receive the Member discount.
If you're not a Member but end up taking out a car loan with RACV, you'll then have access to a range of member benefits, from discounted tickets to exclusive deals.
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Yes you can make additional repayments, but keep in mind you may be charged an early termination fee if your loan is repaid in full before the end of the agreed loan term.
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There are no ongoing fees with RACV loans. Your potential fees include:
- Direct application fee: $499.
- Early termination fee: $325. This applies if the loan is repaid in full prior to the end of the loan term. No early termination fee will be charged if you pay out the loan in the last 6 months of the term.
- Security registration fees payable at cost by the customer.
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