Man considers getting an electric vehicle (EV) car loan
Man considers getting an electric vehicle (EV) car loan

Drive towards a sustainable future with our EV Loans

Plus, enjoy zero ongoing fees!*

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!

Pepper Money EV loan
  • 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?

In less than five minutes, apply for finance online and submit everything needed for us to assess your application.

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*.

How can I 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.
How long can my loan be?
1 - 7 years
How much can I finance?
You can finance the full purchase of your electric vehicle (up to $300,000) starting with $0 deposit. 
What EVs do you finance?
You can finance any brand of electric vehicle with us; it can be new, used, or a dealer demo.
Repayment frequency
Monthly, via direct debit from the borrower's Australian account
Balloon amounts available

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

What fees do you charge?
  • 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 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.   

Our Product Reviews

What our customers think about us


from 1,273 reviews

Reliable car financing

I recently used Pepper Money to finance my new vehicle, and I couldn't be happier with the experience. Their team was incredibly helpful and guided me through the entire process. The application was straightforward, and I received approval quickly. The interest rate was competitive, and they worked with me to find a repayment plan that fits my budget. Overall, I highly recommend Pepper for anyone looking for hassle-free and reliable car financing.

Great customer service

Every dealing with Pepper Money has been easy and straightforward. They have great customer service and I always get through to speak to someone when needed. I have had two car loans with them and couldn't recommend them more highly.

Low interest rates

I used Pepper Money to finance the purchase of a new electric car and the process was great. They had a good deal of knowledge in the EV space, unlike some other financial institutions that didn't even know what an electric car was! Their low interest rates and good customer service were also appreciated.

Flexible payment plan

I have a car loan with Pepper Money. When I missed a couple of payments, they were absolutely fantastic. They explained my options and were very helpful in organising a payment plan to get me back up to date. I’d definitely recommend Pepper to anyone looking for a loan based on their customer service. I’m very pleased.

Flexible and realistic policies

A great lender to have around as an option, they offer flexible and realistic policies for everyday people. As a broker, I’ve used Pepper Money for many customers to get into the market, and they've all been very happy as their service is good. I have my own vehicle finance with them too, because they had a flexible and open mind to looking at a different income structure. It's not just if you have bad credit, they have great options regardless and they use a commonsense approach to lending.

Efficient lender

Pepper Money were very efficient in helping me get the vehicle I wanted. They helped me with the whole process to get the loan I needed.

T Smith

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

* 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  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.

Get in touch with a Lending Specialist

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