Finance Your EV
From 0% Interest
New Zealand's major banks offer home loan top-up rates as low as 0-1% p.a. for EV purchases — a fraction of standard finance rates.
0-1%
Interest p.a.
$80k
Max loan
3-5 yrs
Fixed terms
4
NZ banks
How It Works
What Is Green Finance?
Green finance is a home loan top-up offered by New Zealand's four major banks at preferential interest rates for purchasing an electric or plug-in hybrid vehicle. Because the loan is secured against your property rather than the vehicle, the interest rate is dramatically lower than a standard car loan or personal loan.
At 1% p.a. (or 0% with Westpac), you could save thousands in interest compared to standard vehicle finance at 9.95%. The loan sits alongside your existing mortgage as a separate top-up with its own fixed rate and term.
Participating Banks
Compare Green Loan Products
ANZ
Good Energy Home Loan
1%
Rate
$80k
Max
3 years
Term
- Must have existing ANZ home loan
- Covers battery EVs and plug-in hybrids
- Fixed rate for the full term
- Apply through your ANZ home loan manager
ASB
Better Homes Top Up
1%
Rate
$80k
Max
3 years
Term
- Must have existing ASB home loan
- Also covers heat pumps and insulation
- Fixed rate, fixed term
- Simple mortgage top-up process
BNZ
Better Future Home Loan
1%
Rate
$80k
Max
3 years
Term
- Must have existing BNZ home loan
- Standard mortgage top-up process
- Fixed rate for the full term
- Covers qualifying EVs and PHEVs
Westpac
Warm Up Home Loan
0%
Rate
$50k
Max
5 years
Term
- Must have existing Westpac home loan
- Zero percent interest for up to 5 years
- Lower maximum but longest term
- The lowest rate available in NZ
The Process
Four Steps to Green Finance
Check Eligibility
You need an existing home loan with one of the four participating banks. The EV must be a battery electric or plug-in hybrid vehicle.
Get Pre-Approval
Contact your bank's home loan team and apply for a green loan top-up. They'll confirm your borrowing capacity and rate.
Find Your EV
Browse our EV showroom or talk to us about what's available. We can help match you to the right vehicle within your approved amount.
Drive Away
Once the bank releases the funds, we handle the rest — registration, compliance, and handover. You drive away with a green loan and a new EV.
Requirements
Do You Qualify?
Existing home loan
With ANZ, ASB, BNZ, or Westpac
Qualifying vehicle
Battery electric (BEV) or plug-in hybrid (PHEV)
Purchase documentation
Sale & purchase agreement or dealer invoice
Sufficient equity
Enough headroom in your mortgage for the top-up
Don't have a mortgage? Standard vehicle finance is still available. Visit our loan calculator or finance options page.
Common Questions
Green Finance FAQ
Ready to Finance Your EV?
Use our EV calculator to see exactly what your repayments would be with a green loan, or talk to us about your options.