Green Car Loan

A lower rate to reward your eco-friendly choice

5.29 % p.a.

Promotional variable interest rate2

5.56 % p.a.

Promotional comparison rate1

Enquire now Apply now

5.29 % p.a.

Promotional variable interest rate2

5.56 % p.a.

Promotional comparison rate1

Enquire now Apply now

What is a “green car”?

Green by design, not colour, this car loan offers you a lower interest rate to reward you for purchasing a lower emissions vehicle. It’s easy on your wallet, and easy on the environment. 

How do I know if my car qualifies?

The lower interest rate is available to cars with C02 value of 180 g/km or less3. Generally, this will include new cars, hybrid cars or cars that have lower emissions for their size. 

To see if your car is eligible, email us at personalsupport@snowstarcu.com

Car Loan - Outstanding Value Award

  • Top selling green cars
    Toyota Corolla Mazda 3
    Hyundai i30 Mazda CX-5
    Most Toyota RAV4s Most Nissan X-Trails
    Most Volkswagen Golfs Mitsubishi ASX
    Kia Cerato Mazda CX-3
    Mitsubishi Outlander Most Honda CR-Vs

The details:

  • Flexible repayments and no monthly fees

  • Free Redraw ($500 minimum)

  • Make additional payments at any time7

  • Loan period up to 7 years

Rates & fees

  • Rates
    Variable
    Variable
    Interest
    rate (p.a)
    Comparison
    rate (p.a)
    Promotional
    Interest rate (p.a)

    5.29%2

    Comparison rate (p.a)

    5.56%1

    Standard
    Interest rate (p.a)

    8.29%

    Comparison rate (p.a)

    8.57%4

    Fixed
    Fixed
    Promotional interest
    rate (p.a)2
    Promotional comparison
    rate (p.a)1
    Interest
    rate (p.a)
    Comparison
    rate (p.a)4
    1 Year
    Promotional interest rate (p.a)2

    5.29%

    Promotional comparison rate (p.a)1

    7.44%

    Interest rate (p.a)

    8.29%

    Comparison rate (p.a)4

    8.57%

    2 Year
    Promotional interest rate (p.a)2

    5.29%

    Promotional comparison rate (p.a)1

    6.61%

    Interest rate (p.a)

    8.29%

    Comparison rate (p.a)4

    8.57%

    3 Year
    Promotional interest rate (p.a)2

    5.29%

    Promotional comparison rate (p.a)1

    6.02%

    Interest rate (p.a)

    8.29%

    Comparison rate (p.a)4

    8.57%

    4 Year
    Promotional interest rate (p.a)2

    5.29%

    Promotional comparison rate (p.a)1

    5.68%

    Interest rate (p.a)

    8.29%

    Comparison rate (p.a)4

    8.57%

    5 Year
    Promotional interest rate (p.a)2

    5.29%

    Promotional comparison rate (p.a)1

    5.56%

    Interest rate (p.a)

    8.29%

    Comparison rate (p.a)4

    8.57%

  • Fees
    One-off fees
    One-off fees
    Amount
    Application fee
    Amount

    $0

    Establishment fee
    Amount

    $195

    Redraw fee
    Amount

    $0

    Ongoing fees
    Ongoing fees
    Amount
    Annual fee
    Amount

    $0

Related products

Male putting on the seatbelt and getting ready to drive car

New Car Loan

5.79% p.a.

Promotional variable interest rate2

6.06% p.a.

Promotional comparison rate1

Learn more
Young woman parked on a beach looking out car window

Used Car Loan

6.79% p.a.

Promotional variable interest rate2

8.12% p.a.

Promotional comparison rate1

Learn more

Car Loan

Enquire Now

Leave your details below and one of our consultants will be in touch.

Privacy Policy
  • More Info

    Interest
    Interest calculated daily and charged monthly in arrears

    Repayments
     Principal and interest repayments. 

    Loan Repayment Insurance
     Talk to us about optional Loan Repayment Insurance when you apply.6

    Security
    We require a Goods Security Agreement on the motor vehicle for all Car Loans. Your motor vehicle must also be registered in the name of the borrower.

    For more details on transaction fees and tips on how to transact fee-free visit our Transaction Fees page or refer to Terms and Conditions Part B - Fees and Charges.

    Eligibility
    The Green Car Loan is intended for the purchase of a new car with a build date of the current year or previous calendar year; and the vehicle must have a C02 value of 180g/km or less as rated by the Australian Government Green Vehicle Guide.

  • How much would my repayments be?
    Loan repayment calculator

 

Terms and Conditions

Important Information
Car Loan Interest Rates effective 5 January 2021.
Interest is calculated daily. Interest rates are per annum, current at the time of publication and are subject to change without notice.
Canstar Award 2018.
1. Comparison rate calculated on a secured loan amount of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different comparison rate. Fees and charges apply. Terms and Conditions available upon request.
2. Promotional interest rates available for car loan applications received by 30 June 2021 and funded by 31 July 2021. The 3% discount is off the standard car loan rate. We reserve the right to amend or withdraw these offers at any time.
3. As rated by the Australian Government Green Vehicle Guide. Check website for current eligibility. 
4. Comparison rate calculated on a secured loan amount of $10,000 for a term of 3 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different comparison rate. Fees and charges apply. Terms and Conditions available upon request.
5. Only payable if loan is funded.
6. This insurance product is issued by Insurance Australia Limited ABN 11 000 016 722, AFSL 227 681 trading as CGU Insurance. This is general information only and may not suit your particular circumstances. Before making decisions about insurance products you should consider the appropriateness of the information having regard to your circumstances and the Product Disclosure Statement available by calling 1800CGU CCI (1800 248 224).
7. No early repayment penalty is applicable on a variable rate. A break cost fee applies during periods of fixed interest.