Green Finance

Drive green. Finance smarter.

New Zealand's major banks offer preferential home loan top-up rates for EV purchases. Borrow at rates as low as 0–1% p.a. — a fraction of standard personal loan rates.

0–1%

Interest rate p.a.

$80k

Maximum loan (ANZ/ASB/BNZ)

3–5 yrs

Fixed term options

4 banks

Participating lenders

How it works

Home loan top-ups for EVs

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Secured lending

The loan is added to your mortgage, meaning rates sit at 0–1% p.a. rather than the 12–18% typical of personal car loans.

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EVs and plug-in hybrids

All four banks support battery EVs (BEVs) and plug-in hybrids (PHEVs). Some also extend eligibility to heat pumps and solar.

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Fixed rate, fixed term

The top-up rate is fixed for the agreed term (3–5 years), giving you certainty over repayments while you enjoy running cost savings.

The lenders

NZ's four major banks

ANZ

Good Energy Home Loan

p.a.

$80,000

max loan

3 yrs

term

check_circle For BEVs and PHEVs
check_circle Must have existing ANZ home loan
check_circle Fixed at 1% for 3 years
check_circle Standard top-up lending criteria apply

Find Out More open_in_new

ASB

Better Homes Top Up

p.a.

$80,000

max loan

3 yrs

term

check_circle For BEVs and PHEVs
check_circle Must have existing ASB home loan
check_circle Fixed at 1% for 3 years
check_circle Also covers heat pumps and insulation

Find Out More open_in_new

BNZ

Better Future Home Loan

p.a.

$80,000

max loan

3 yrs

term

check_circle For BEVs and PHEVs
check_circle Must have existing BNZ home loan
check_circle Fixed at 1% for 3 years
check_circle Standard mortgage top-up process

Find Out More open_in_new

WBC

Greater Choices Home Loan

p.a.

$50,000

max loan

5 yrs

term

check_circle For BEVs and PHEVs
check_circle Must have existing Westpac home loan
check_circle Fixed at 0% interest for 5 years
check_circle Up to $50k — lower cap than peers

Find Out More open_in_new

Rates and product terms are subject to change. Information shown is current as of April 2026. Always confirm current details directly with your bank. EV Quest Ltd is not a financial adviser.

Eligibility

What you'll need

home

Existing home loan with the bank

You must already have a mortgage with the lender you're applying to. These products are not available to new-to-bank customers.

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Qualifying vehicle

The EV must be a new or used battery electric vehicle (BEV) or plug-in hybrid (PHEV). Standard hybrids (HEVs) without a plug are typically not eligible.

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Purchase documentation

You'll need a sale and purchase agreement or dealer invoice confirming the vehicle details and purchase price.

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Sufficient equity

The top-up increases your mortgage balance. Your bank will assess your current LVR and serviceability as part of a standard top-up application.

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Not with one of these banks? If your mortgage is with Kiwibank, a non-bank lender, or you don't own a home yet, standard vehicle finance is still available. Talk to a mortgage broker or ask us about alternative options.

Working with EV Quest

From pre-approval to driving away

Get pre-approval from your bank

Contact your bank's home loan team and request a green loan top-up pre-approval. This confirms your borrowing limit before you commit to a vehicle.

Browse our stock or place a custom order

Once you know your budget, browse our current inventory or lodge a custom order for a specific make and model. We source primarily from Japan and will give you a full vehicle report.

Secure with a transit deposit

For vehicles in transit, a refundable deposit holds your vehicle. We provide all purchase documentation your bank will need to finalise the top-up.

Bank releases funds, you drive away

Once your bank approves and releases the funds, settlement is completed and your EV is yours. The top-up simply adds to your existing mortgage balance.

Find your EV, then sort your finance.

Browse our current stock or put in a custom order.

search Browse Stock edit_note Custom Order