Financing your EV just got easier
You've decided to embrace the electric revolution, and we're ready for the drive with you with our flexible EV finance solutions.
That's why we've packed our electric car loan with features for electric vehicle (EV) owners. Our fixed rates start from 8.99% p.a. comparison rate^, with zero ongoing monthly fees*. Simply apply online with Pepper Money today.
As you'd probably guess from the name, EVs run only on 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; minimising your environmental footprint. Not only do electric cars often benefit from cheaper running costs, but due to less moving parts, they often have reduced servicing and maintenance costs. Just imagine that – no more messy oil changes and unwanted trips to the servo!
Not only are EV loans – known as green car loans – ecofriendly, but they’re also flexible. You can even lower your ongoing repayments by either contributing an upfront deposit, or including a balloon payment at the end of your loan term. Use our repayment calculator to see what works for your finances.
Why finance your EV with Pepper Money?
A fixed interest rate: That won't change during your loan term
Zero ongoing fees: Just your agreed monthly repayment
Quick turnaround: A decision by the next business day!
- Apply online in as little as 5 minutes
- Flexible balloon and deposit options available
- Get a quick response within the next business day
See what your repayments might look like when you apply direct with Pepper Money
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 ACN 165 183 317 Australian Credit Licence 458899.
What is the eligibility criteria?
- You are an Australian citizen, permanent resident or hold a relevant work visa.
- You are currently employed and not on probation (full time/part time/casual > than 6 months).
- You have no current unpaid credit defaults or prior bankruptcies.
- You hold a current Passport or current Australian Drivers Licence.
- You apply online direct with Pepper Money.
Ready to take the next step?
Get to know our EV financing
Our Pepper Money direct EV fixed rates start from 8.99% p.a. comparison rate^ with zero ongoing monthly fees*.
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How can I apply?
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You can start your application online. Otherwise, call us on 137 377 to find out more.
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Who can apply?
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We finance EVs for private, sole trader, and company applicants. Balloon options are available.
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How long can my loan be?
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1 - 7 years
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How much can I finance?
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You can finance the full purchase of your electric vehicle (up to $300,000) starting with $0 deposit.
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What EVs do you finance?
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You can finance any brand of electric vehicle with us; it can be new, used, or a dealer demo.
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Repayment frequency
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Monthly, via direct debit from the borrower's Australian account
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Balloon amounts available
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Available balloon for new, demo or <1 year old EVs.
1-3 year loan term: 50% balloon
4 year loan term: 45% balloon
5 year loan term: 40% balloon
6+ year loan term: 0% balloon
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What fees do you charge?
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- Loan establishment fee | $0
- Account administration fee | $0
- Security registration fee | $6
Interest rates, fees, charges, terms and conditions apply only to loan applications submitted via peppermoney.com.au. Different interest rates, fees, charges, terms and conditions apply to loan applications submitted via other channels.
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.
What others are asking about car loans
If you've decided to finance an electric vehicle, then we're ready for the drive with you. We offer fixed interest rates, zero ongoing fees and a next-day turnaround on our EV car loan options when you apply online with Pepper Money.
EV finance, also known as an electric vehicle or green car finance, is a loan taken out for the purpose of buying an electric vehicle. Our EV car loan options can be used to finance any electric vehicle up to the value of $300,000.
Need some help with your car loan?
Whether you're buying your first car, a new business vehicle or are making the switch to electric - our resources are here to make sense of all that finance jargon.
What our customers think about us
Tailored to me
We had a choice between Pepper Money and our bank. We had a car loan with Pepper Money before and were happy. We decided to give them first crack to see if they met our needs and requirements. They had a better interest rate, fewer conditions, and fewer fees. The repayments for the personal loan were only a few dollars more than our car loan. Customer service was friendly, personalised, and top-notch, keeping us up to date through the application process. In general, friendly, cheaper, and better-suited loan than our bank (less fees and fuss). 10/10.
So helpfully simple
Quick, fast, and efficient. Thank you, Pepper Money, for helping me get the car I really wanted. I couldn’t be happier. They were patient and fantastically helpful. Would recommend to anyone.
Car loan
Pepper Money handled our car loan application from start to finish and was an absolute pleasure to deal with. The whole application process was a breeze, and we were lucky enough to be approved so I could purchase a new car! Couldn’t be happier with the service provided!
Easy to apply!
I can’t thank the happy staff at Pepper Money enough for making my car loan process so easy and fast! They were super friendly, and the dreaded paperwork wasn’t so bad either.
My car basically went boom!
I applied for a loan through Pepper Money early in the morning. By the time I had gone looking at cars and found one that I liked, they had already conditionally approved me. By the end of the day, everything was settled. I can’t recommend Pepper Money enough; their speed and customer service are second to none.
Exemplary service!
Fast, easy, and great service. I was looking for a small loan for a new family car and compared rates and costs. Pepper Money offered more flexibility and better terms than my bank. The whole process, from application to disbursement of funds, took just two days.
The important legal bits
Information and interest rates are valid as at 8 May 2024 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
‡Outcomes will vary depending on individual circumstances.
* Early repayment and discharge fees apply. We may also pass onto you any third-party enforcement or recovery costs incurred by us.
Interest rates, fees, charges, terms and conditions apply only to loan applications submitted via peppermoney.com.au. Different interest rates, fees, charges, terms and conditions apply to loan applications submitted via other channels.
~ Annual Electric Vehicle Sales published by Electric Vehicle Council “State of Electric Vehicles 2021”
^ 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.
