Electric vehicle finance

Electric vehicles are an important part of meeting global goals on climate change, including Australia’s target of reaching Net Zero greenhouse gas emissions by 2050.

Resimac Asset Finance is committed to helping Australians join the movement to a cleaner and more sustainable future by offering discounted rates on electric vehicle finance.

The lower interest rates we offer are just the beginning of the benefits your client can take advantage of. Electric vehicles also offer lower running and maintenance costs, and with a growing number of electric car charging stations and the significant carbon footprint reduction, what’s not to love?

Further, electric vehicle incentives are offered in every state and territory, providing an opportunity to save further on registration, stamp duty, as well as access subsidies and rebates.
  • Low Doc, Lite Doc and Full Doc loan options.
  • Loan terms up to seven years so repayments can be set to suit your client’s budget.
  • No deposit required if client has owns the EV.
  • Purchase multiple EVs with one loan
  • Minimum loan amount of $5,000
  • Brokerage and fees capitalised on top of max loan amount
Product specifications
Low Doc Lite Doc Full Doc
Fixed interest rate From 7.99%^*
Loan term 1-7 years
ABN & GST registered > 2 years > 1 year
Max age of asset at term ≤ 20 years
Minimum deposit required for non-property owners 10%
Max loan amount $150,000 $250,000 $450,000
Insurance requirement All deals, with Certificate of Currency proof on amounts > $100K


Application requirements
Low Doc Lite Doc Full Doc
Application and privacy consent
Asset and liability statement
12 months history on ATO Portal -
Two most recent Business Activity Statements -
3 months bank statements - On Request
Financial accounts/tax returns
- -

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(Multiple loadings may apply, maximum loading capped at 4% per deal)

  • 0.5

    • Loan term ≤ 24 months
    • Asset age > 3 years

  • 1.0

    • Private sale
    • Net amount financed is <$20,000

  • 1.5

    • Non-property or spouse-owned property
    • Asset age is ≥ at end of term

  • 2.0

    • Classic cars
*Hybrid cars not eligible for EV discount. Please refer to Motor vehicles finance product.

Fees

  • Setup fee of $495
  • Additional setup fee of $200 if private sale/equity raise
  • $295 documentation fee for new electric vehicle
  • Monthly account-keeping fee $4.95

SLAs

We are currently doing:

  • Credit assessment within four hours;
  • Documentation within 24 hours; and
  • Same-day settlement cut-off is 2pm AEDT.

How do I apply?

To submit an electric vehicle loan application, click the Broker Login button.

Talk to us

Need to know:
The information on this website is of a general nature and does not comprise professional advice or product recommendation. Before making any decision about any of the products and services featured on this website, you should consult with your own independent legal, taxation and financial advisors, who can advise you about your personal circumstances.
Resimac Asset Finance Pty Ltd is a registered member of the Australian Financial Complaints Authority for dispute resolution.
Eligibility criteria apply. The rates and figures shown on this website apply only to borrowers with excellent credit history, meet our lending criteria and are purchasing a new or near new vehicle. Resimac Asset Finance Pty Ltd also offers loans at higher rates to applicants subject to our lending criteria and pricing. Terms and conditions apply to all loans. The comparison rate is based on a $30,000 secured loan, fixed over 5 years, with monthly repayments. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.