Calculate your EV loan with OurMoneyMarket

Loan amount
Loan term
6.95%
Per month
Pros
  • Lower than average rate
  • No early exit penalty
  • Can apply online
  • Fast time to funding
  • No ongoing fees
  • Flexible repayment options
  • Suitable for both new or used car
Cons
  • Higher than average application fee
  • Cannot apply in branch

What I love about Moneyplace

Moneyplace’s Electric Vehicle (EV) finance program offers unique features that make it a compelling choice for those looking to finance electric vehicles. Here’s what we appreciate about Moneyplace:

  1. Competitive Interest Rates: Moneyplace provides competitive interest rates for EV loans, making it an affordable option for borrowers.
  2. Simple Online Application: They offer a straightforward online application process, ensuring convenience and ease of use.
  3. Quick Approval: Moneyplace is known for its fast loan approval process, allowing customers to acquire their electric vehicles without unnecessary delays.
  4. Flexible Loan Terms: Moneyplace offers flexibility in loan terms, allowing borrowers to tailor their repayments to fit their budget.

Other deal-sweeteners and perks

In addition to the core features, Moneyplace’s EV finance program offers several deal sweeteners and perks:

  1. Transparent Fees: Moneyplace prides itself on transparent fee structures, ensuring customers are fully informed about the costs associated with their loan.
  2. Personalized Support: Customers can expect personalized support to guide them through the application process and choose the most suitable loan option.
  3. Early Repayment Options: Moneyplace permits early repayments without penalties, giving borrowers the flexibility to pay off their loan faster and reduce interest costs.
  4. Optional Insurance: They may offer optional insurance or protection plans for added security.

What’s not so great

While Moneyplace’s EV finance program has numerous merits, there are a few factors to consider:

  1. Credit Requirements: Securing the best interest rates may require a good credit score, which could be a limitation for some borrowers.
  2. Limited Physical Presence: Moneyplace does not have a physical branch network, potentially impacting in-person customer support.

Overall Rating

What we love about Moneyplace

Moneyplace’s Electric Vehicle (EV) finance program offers unique features that make it a compelling choice for those looking to finance electric vehicles. Here’s what we appreciate about Moneyplace:

  1. Competitive Interest Rates: Moneyplace provides competitive interest rates for EV loans, making it an affordable option for borrowers.
  2. Simple Online Application: They offer a straightforward online application process, ensuring convenience and ease of use.
  3. Quick Approval: Moneyplace is known for its fast loan approval process, allowing customers to acquire their electric vehicles without unnecessary delays.
  4. Flexible Loan Terms: Moneyplace offers flexibility in loan terms, allowing borrowers to tailor their repayments to fit their budget.

Other deal sweeteners and perks

In addition to the core features, Moneyplace’s EV finance program offers several deal sweeteners and perks:

  1. Transparent Fees: Moneyplace prides itself on transparent fee structures, ensuring customers are fully informed about the costs associated with their loan.
  2. Personalized Support: Customers can expect personalized support to guide them through the application process and choose the most suitable loan option.
  3. Early Repayment Options: Moneyplace permits early repayments without penalties, giving borrowers the flexibility to pay off their loan faster and reduce interest costs.
  4. Optional Insurance: They may offer optional insurance or protection plans for added security.

What’s not so great

While Moneyplace’s EV finance program has numerous merits, there are a few factors to consider:

  1. Credit Requirements: Securing the best interest rates may require a good credit score, which could be a limitation for some borrowers.
  2. Limited Physical Presence: Moneyplace may have a limited physical branch network, potentially impacting in-person customer support.

Overall Rating

Moneyplace’s Electric Vehicle finance program is a competitive and convenient option for those looking to finance their electric vehicles. Competitive rates, quick approval, and transparent fees make it a strong choice. However, credit requirements and the limited physical presence should be considered.