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Car loans for the planet conscious

We reward greener vehicles through a low rate Electric Vehicle loan for new or used EVs, and a car loan for used vehicles. You can pay off your loan early at no cost to you.
We're making some changes to our car loans in 2025
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‍Bank Australia will no longer accept loan applications for new fossil fuel cars from 30 January 2025. Any loans in progress before this date have a completion deadline of 28 February 2025.

In line with changes to our car loans, carbon offsets will no longer be applied to car loans funded after 28 February 2025.
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Compare our rates

Supporting the transition to electric


We're at a crucial moment for climate – and it's the number one issue our customers care about. As part of our climate action strategy and our ambitious target of reaching net zero emissions by 2035, we've stopped offering car loans for new fossil fuel cars.
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Learn more about our commitment

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In support of people and the planet

Customer owned, you have voting rights

Purpose-driven banking

Renewable electricity
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Bank Australia employees based in Australia

Certified carbon neutral bank since 2018

Yes, we did start out as the CSIRO Co-operative Credit Society in 1957

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Things you need to know

CAR LOAN

  • *Comparison rate: The Comparison Rate is based on a secured loan of $30,000 for 5 years. Additional fees and charges may be applicable. WARNING: This comparison rate is true only for the example given and may not include all fees and charges.
  • Our Electric Vehicle Loan is for fully electric vehicles only.

GENERAL ADVICE

  • Information provided is general in nature only. Any information and advice does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you and seek any third party advice you need.
  • All applications are subject to a credit assessment and approval.
  • All applicable terms and conditions will be included in our loan offer.
  • Additional fees and charges may be payable – all relevant details will be included in our loan offer.
  • Information and interest rates are current as at the date of publication and are subject to change at any time, at the discretion of Bank Australia Limited.