Unity Bank
Green Car Loan
A car loan to reward members with a low rate for choosing an eco-friendly, lower emissions car
Personal loansBank updated 11 June 2026
At a glance
- Fixed
- 6.49% · 6.49% comparison
- Variable
- 10.00%
§ 01 — Rates · 2
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Fixed | P&I | 1 yr fixed | — | 6.49% | 6.49% | — |
| Variable | P&I | — | — | 10.00% | — | — |
§ 02 — Fees · 2
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| DEFAULT_NOTICE_FEE | Event | $50 | — | A fee charged if you default on your repayments and we issue a default notice |
| LATE_PAYMENT_FEE | Event | $15 | — | A fee charged when you don't make your minimum monthly payment, plus any overdue amount |
§ 03 — Features
RedrawExtra repaymentsDigital banking
- · 1 to 7 years
- · Flexible repayment options weekly, fortnightly or monthly
- · Increase your existing loan for an effective way to get access to extra funds
- · Quarterly e-Statements only
- · Principal and interest only
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Permanent Resident
- · Employment: Employed
- · Opening balance $1,000
- · Applications for credit are subject to eligibility and suitability criteria and normal credit approval process.
- · Hybrid and Electric Vehicles (EV) up to 5 years old, emitting less than 120g of CO2 per kilometre (Combined) as per the Green Vehicle Guide website.
- · As part of the application process you will be asked to provide reasonable evidence (including a tax invoice) to show that the loan will be used to purchase or refinance an eligible green vehicle. Th…
- · EV Home charging station (in conjunction with vehicle purchase) must be installed by an accredited technician.
§ 06 — Run the numbers
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Published by Unity Bank under the Consumer Data Right, last changed by them on 11 June 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.