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Electric Vehicle Loans

Pick up your electric vehicle from the dealership sooner with an Alex.Bank EV Loan, featuring no ongoing or early repayment fees and a discounted rate tailored to you.

Our products have been awarded by some of Australia's leading comparison sites. See all of our awards

Get an Alex.Bank Secured EV Loan
Fixed Rates From

10.74%p.a.

Comparison Rate From*

11.17%p.a.

Rate based on loan terms up to 5 years with an outstanding credit rating and financial position. Learn more

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Fast turnaround

Get speedy service! Apply in just 5 minutes and get a decision outcome in one business day.

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Rates for you

Get a personalised rate! Our fixed interest rates are risk-based, meaning the better your credit history, the better your interest rate.

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No ongoing fees

Enjoy no ongoing or early repayment fees on our Car Loans.

Apply in 4 easy steps

Calculate your loan repayments

To get started use our repayment calculator. Select your loan purpose, credit situation and loan requirements.

Apply online in minutes

Gather your ID and financial details to complete our quick 5 minute application form.

Confirm your identity

You'll be prompted to perform a digital ID check with a photo of your ID and headshot. It's as easy as a selfie!

Connect your bank statements

Connect to digitally send us 90-days of transactions quickly and securely via our bank statements retrieval feature, powered by illion.

Get a fast result

Once you've completed your application, we won’t keep you waiting. You’ll know the outcome in as little as one business day. Haven’t found a car yet? No problem. Walk confidently into a dealership with one of our conditional approvals to find the car you're looking for. Once fully approved and your loan contract is signed, we'll send the funds straight to the dealership.

Get on the road sooner with Alex.Bank's Electric Vehicle Loans. Our fast and simple application process ensures you'll be driving away in no time.

Am I eligible for an Alex.Bank Car Loan?
  • Australian citizen or permanent resident
  • Over 18 years of age
  • Hold a current Australian driver’s license (open or provisional)
How much can I borrow?
  • Our flexible loan options allow you to borrow between $10,000 and $100,000, making it easier to finance the car of your dreams
  • Choose repayment terms between 1 and 7 years to fit your budget
  • Use our calculator to determine your weekly, fortnightly or monthly repaymented based on your chosen terms
Vehicle eligibility
  • Must be purchased through a car dealership (not a private sale)
  • Engine type must be fully electric (hybrid not accepted)
  • Have comprehensive insurance in place before settlement
Vehicles outside our eligibility
  • Vehicles older than 15 years by the end of the loan term

  • Have existing finance

  • Vehicles used for business purposes

  • Vans, trucks, buses, or motorbikes (see our Personal Loan)

  • Have a loan-to-value ratio over 120%

  • Vehicles that have previously been written off

A fair go means no ongoing fees

That's right, we've scrapped all ongoing fees to give you a fairer go when it comes to your EV Loan.

See our credit fee guide

Alex.Bank Electric Vehicle Loan Fees
  • $295 - Establishment Fee
  • $0 - Monthly account fees
  • $0 - Early repayment fees
  • $0 - Late payment fees

Digitally Verify Your ID with Alex.Bank in a Few Simple Steps

Get your ID Ready

You'll need your physical Driver’s License ready to verify your identity.

Entering your Personal Information

When completing your application please make sure your details match with your Driver's License, including Full Name and Date of Birth.

Secure Document Capture

Using our secure ID capture process, take a picture of the front of your Driver's License where there is a picture of you. Follow the instruction to ensure there is no glare and your License fits in the capture window.

Take a Selfie

By taking a selfie of in a well lit space it allows us to confirm your identity and helps us protect you.

Frequently asked questions

  • How is my personalised rate determined?

    Your rate is tailored just for you based on a few key factors: your credit history, financial situation, the purpose of your loan, and how much you want to borrow over what period. To get a quick estimate of your rate, try our easy-to-use Loan Calculator.

  • Does Alex.Bank accept joint loan applications?

    Not at the moment - right now, we only accept applications in individual names. But we're always looking to expand our offerings, so stay tuned for any updates!

  • Are there any fees?

    We’ve made our loans as fair as possible with no ongoing or early repayment fees.

    • $0 Establishment fee (unsecured personal loan, unsecured green loan)
    • $295 Establishment fee (secured car loan, secured EV car loan)
    • $0 monthly account fees
    • $0 early repayment fees
    • $0 late payment fees

    See our credit fee guide for more information.

  • How often can I pay off my loan?

    We’re flexible. You can make weekly, fortnightly or monthly payments. You can also pay out your entire loan amount at any time without any extra fees. We won’t penalise you for getting ahead!

  • Can I apply if I don’t have suitable ID?

    No, we must be able to identify you with the following identification types on our online ID systems:

    • Australian Driver’s Licence: acceptable for all loan applications
    • Australian Passport: acceptable for unsecured personal loans and unsecured green loans only.

Borrow with Alex.Bank

Get a competitive rate, and flexible repayment options with our award-winning unsecured personal loan.

Invest with Alex.Bank

Watch your savings grow with competitive fixed interest rates on Alex.Bank's award-winning^ Term Deposits.