Finty
Queensland Country Bank

Queensland Country Bank Business Green Car Loan

Equipment financeGreen loan

Our Business Green Car Loan allows you to purchase any new or demonstrator green vehicle. A 'green' vehicle is defined as one with emissions intensity that does not exceed 120 grams of C02 emissions per km (g/km).

Written byDavid Boyd

6.74%

interest rate a year, from

Establishment fee
$150
Monthly fee
Not published
Borrow
Not published

Loan details

Rates

Interest rate (a year)
6.74%
Rate type
Variable
Security
Not published
Type of finance
Equipment finance

Limits and fees

Loan amount
Not published
Loan term
Not published
Establishment fee
$150
Monthly fee
Not published

How it compares

Against the other business loans we compare. Typical means the middle half of them.

Cost of $20,000 over 5 years

$3,765

Interest and fees at its starting rate. Typical is $4,272.

Setup fee

$150

A typical setup fee is $395.

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 6.74%, so the rate you see is the rate you get.
  • Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
  • Redraw. You can take back extra repayments later if you need the money.
  • No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.

Cons

  • A variable rate. Your repayments can rise if the lender lifts its rate, though they can also fall.
  • A $40 late payment fee. Setting up automatic repayments avoids it.

Similar loans

Business loans of the same kind from other lenders that start at a similar interest rate.