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 option.
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 – helping to reduce your environmental footprint. Just imagine that – no more messy oil changes and unwanted trips to the servo!
Why finance your EV with Pepper Money?
A fixed interest rate that won't change for the term of your loan
Tailor your repayments with balloon and deposit options
Quick turnaround - EV loan application response within 1-2 business days*
See what your repayments might look like if you apply direct with Pepper Money
Any calculations or estimations are based on the information you have entered, including the interest rate, and do not constitute an offer of credit or a formal credit quote. It does not take into account suitable product features or loan product types. Rates + repayments shown are based on user inputted data and does not take into account any aspect of the user's individual circumstances. All applications for credit must be verified prior to the formal assessment process. All applications are subject to credit assessment, eligibility criteria and lending limits. 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're at least 18 years of age and are an Australian citizen, permanent resident, or hold a relevant work visa.
- You’re currently employed and not on probation (full time, part time, casual considered. Casual tenure must be > than 6 months).
- You have no current unpaid credit defaults or prior bankruptcies.
- You hold a current Passport or current Australian Driver Licence.
Our EV loan application process
1. Apply online
About 10 minutes
Eligible customers can apply online to finance a new, demo or used EV.
2. Application review
Within 1 business day
One of our lending specialists will touch base to discuss your application, assess your eligibility, and ensure you’ve provided all required documents.
3. Get an answer
Within 1 business day
Once your application is finalised and submitted for assessment, you’ll receive an application decision within 1 business day*.
Ready to take the next step?
Get to know our EV financing option
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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 individuals, sole traders, and company (private limited, sole trader and partnership) applicants. Balloon payment 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 may be able to finance the full purchase of your electric vehicle (up to $300,000) starting with $0 deposit (subject to eligibility criteria).
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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. Eligibility criteria apply, including vehicle age and condition requirements.
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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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Yes, balloon payments are available for new, demo or less than 1-year old EVs.
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What fees do you charge?
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- Loan establishment fee | $499
- Account keeping fee | $8.90/month
- Security registration and PPSR search fee | $8
- Early termination charge | Up to $750
- Account closing fee | $20
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, as permitted by law.
What others are asking about EV loans
How do I apply for an electric car loan in Australia?
If you've decided to finance an electric vehicle, then we're ready for the drive with you. We offer fixed interest rates and loan decisions within 1-2 business days* (if eligible on our EV car loan options when you apply online with Pepper Money.
What is EV finance?
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 option can be used to finance any eligible 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
5 Star Service
Great service and support when purchasing my new car. Thanks
Amazing to talk to
Pepper Money was amazing to talk to. Easy and understandable. Highly recommend if you are looking for car or home loans.
Amazing as always
Amazing as always! This is the third time I’ve purchased a vehicle and Pepper Money have been there every time! This time was different because Pepper helped a dream come true. The professionalism from start to finish is second to none, and they always kept me up to date—over only 48 hours. Thanks, you are fabulous!
Wonderful experience in many aspects
Pepper Money gave me a good interest rate for a car loan, even despite my situation. They also gave me extra funds to pay off my previous car loan, which I was novated leasing. The contact I had with workers at Pepper Money was so lovely—they took initiative without me even asking. The approval was also quick—within 24 hours—when I applied through the car dealership.
The important legal bits
Information is correct as at 23 September 2026 and subject to change at any time.
Information provided is factual information only, and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licenced financial or tax adviser.
All applications are subject to credit assessment, eligibility criteria and lending limits. Terms, conditions, fees, and charges apply.
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.
* Assessment timeframes vary depending on individual circumstances.
