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 and Lite Doc loan options.
- 10% deposit required for non-property owners.
- Minimum loan amount of $5,000
- Loan terms up to seven years so repayments can be set to suit your client’s budget.
- Purchase multiple EVs with one loan
- Brokerage and fees capitalised on top of max loan amount
Product specifications.
Low Doc
Lite Doc
Fixed interest rate
From 7.34%^*
From 7.34%^*
Loan term
1-7 years
1-7 years
ABN & GST registered
> 2 years
> 1 year
Max age of asset at term
≤ 12 years
≤ 12 years
Minimum deposit required for non-property owners
10%
10%
Max loan amount
$150,000
$250,000
Insurance requirement
All deals, with Certificate of Currency proof on amounts > $100K
Application requirements.
Low Doc
Lite 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
-
-
^Loading.
(Multiple loadings may apply, maximum loading capped at 4% per deal)
Loan term ≤ 24 months
Asset age > 3 years
Private sale
Net amount financed is <$20,000
Non-property or spouse-owned property
Asset age is ≥ at end of term
*Hybrid cars not eligible for EV discount. Please refer to Motor vehicles finance product.
Fees.
- $4.95 monthly account-keeping fee.
- $495 setup fee; or
- $695 private sale / equity raise fee.
SLAs.
We are currently doing:
- Credit assessment within 24 hours;
- Documentation within 24 hours; and
- Same-day settlement cut-off is 2pm AEST.
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.