Concerned about the rapidly rising price of fuel and cost of living? Now is the time to invest in an electric vehicle – EV car, electric bike or scooter to get yourself to and from work.
Shopping for an Electric Vehicle?
If you have decided now is the time to invest in a new or secondhand EV – fully electric, plugin hybrid or battery hybrid car, get in touch with our team.
At Mr Finance, we make EV finance in NZ simple. As a trusted finance broker based in Christchurch, we connect you with a range of lenders offering loans for your choice of electricity or hybrid powered vehicle.
We take the time to understand your goals, compare options, and find a finance solution that fits your lifestyle and budget.
Want to lnvest in an Electric Bike to Get to Work?
Electric bikes can be a great investment for yourself and your family – ensuring you can get to work (and maintain your fitness) at a minimal cost once you have made your purchase.
Talk to our team about the options available and we can help you find a lender that fits your requirements.
Need a Loan to Buy an Electric Scooter?
If you don’t have the budget for a car and like the idea of wind in your hair – an electric scooter could be your best bet for your daily commute!
Apply today using our loan application form below and we will come back to your promptly with an answer. We look forward to hearing from you.
Interest Rate & Fee Examples
Fixed interest rates for vehicle and personal loans range from 8.95% p.a. to a maximum of 29.95% p.a. on a minimum 12 month to a maximum 60-month loan term. The actual interest rate charged to you will depend on your circumstances, the type of lending required, the security provided, and is determined by the lender.
Mr Finance Limited may apply an introducer fee of up to $995, while our lenders impose an establishment fee that can range from $80 to $450, depending on the specific lender. These fees are added to the loan amount you are borrowing and are GST inclusive.
Estimate Your Repayments
These examples provide a guide to how different loan amounts, terms, and interest rates may look. The figures below are estimates only. Your actual interest rate, repayments, and total cost will be confirmed once your application has been completed and assessed.
Example Loan: $20,000 over Three Years
Loan amount: $20,000
Annual Interest Rate: 11.95% p.a.
Establishment/Introducer Fees: $625
PPSR Fee: $7.39
Estimated total cost: $24,739.74
Estimated weekly repayment amount: $158
Estimated monthly repayment amount: $687
Example Loan: $10,000 over Three Years
Loan amount: $10,000
Annual Interest Rate: 9.95% p.a.
Establishment/Introducer Fees: $625
PPSR Fee: $7.39
Estimated total cost: $12,345.14
Estimated weekly repayment: $79
Estimated monthly repayment: $343
Example Loan: $20,000 over Five Years
Loan amount: $20,000
Annual Interest Rate: 16.95% p.a.
Establishment/Introducer Fees: $625
PPSR Fee: $7.39
Estimated total cost: $30,879.08
Estimated weekly repayment amount: $119
Estimated monthly repayment amount: $514
Example Loan: $5,000 over Two Years
Loan amount: $5,000
Annual Interest rate: 12.95% p.a.
Establishment/Introducer Fees: $625
PPSR Fee: $7.39
Estimated total cost: $6,425.69
Estimated weekly repayment amount: $62
Estimated monthly repayment amount: $268
How we can help
We’ll find you the right loan at the best interest rate with repayments to match your income.
1
Save you time
We streamline the process by handling the paperwork and negotiations on your behalf. We can quickly present you with offers from different lenders, allowing you to compare rates and terms without the hassle of approaching each lender individually.
2
Give you expert guidance
We understand the intricacies of vehicle financing, interest rates, and loan terms. You will receive personalised advice based on your individual financial situation. Plus, we can advise you on additional features such as loan protection insurance.
3
We negotiate on your behalf
We are well-versed in negotiating finance deals and can advocate for better terms on your behalf. We understand the market, interest rates, and loan terms and can help you secure a competitive interest rate and favourable loan conditions.
4
Protect your credit score
When you apply for a loan, lenders typically check your credit score. Multiple credit checks can negatively impact your credit score. We confirm your credit once before sending your application to lenders. This minimises the impact on your credit score.
What you need to apply
To apply for a loan you must:
Be at least 18 years old
Have a valid passport or New Zealand driver’s licence
Be a New Zealand citizen, or have a valid work or resident visa
Provide these items:
Valid passport or New Zealand driver’s licence
Proof of your address
Bank statements showing the last 90 days
Apply Now Using the Form Below
Still have questions?
Check out these helpful FAQs or get in touch with our team. We are here to help.
FAQs for EV Loans
Check out these helpful FAQs or get in touch with the team.
How can I apply for an EV loan?
You can apply for a loan through our online application . For online applications, it usually takes about five minutes to complete the form.
How long does it take to get a decision on my finance application?
We aim to provide a decision within a day, sometimes sooner. However, responsible lending checks are necessary, including assessing the suitability and affordability of the loan.
What information do I need to supply when applying for EV vehicle finance?
After completing the application with your personal and financial details, you’ll need to provide evidence of your identity, address, income, and expenses. This includes items like a copy of your driver’s license, proof of income, and bank statements.
Can I pay off my loan early without penalty?
Most lenders allow prepayment without penalties. However, it’s essential to check the terms of your specific loan agreement. We will go over these details with you.
Why do lenders need to see my bank statements?
Lenders need to verify your income and expenses to assess whether you can afford the loan. The government’s regulations require collecting extra information to protect consumers against unaffordable debt.
What security do I need to provide for the loan?
If you are purchasing a vehicle or some other asset, it could be used as security for the loan. The lender may also ask for a guarantor.
