Calculate your EV loan with Wisr

Loan amount
Loan term
9.27%
Per month
Pros
  • Competitive inerest rate
  • No early repayment fees
  • Quick approval and funding
Cons
  • Establishment fees
  • Late payment fees
  • Eligibility restrictions

What we love about Wisr

Wisr offers flexible and competitive Electric Vehicle (EV) car loans, making it easier for Australians to switch to greener, more sustainable transportation. Here’s why we love Wisr for EV financing:

  1. Competitive Interest Rates for EV Loans: Wisr offers competitive fixed interest rates starting from 7.74% p.a., with comparison rates from 9.27% p.a., making it an affordable choice for those looking to finance an electric vehicle.
  2. No Early Repayment Fees: Wisr allows you to make extra repayments or pay off your loan early without any early exit fees. This flexibility can help you pay off your EV loan faster and save on interest costs.
  3. Quick Application and Funding: With Wisr, you can apply for an EV car loan online in just a few minutes. Loan approval typically happens within 24 hours, and funding can occur within 24 to 48 hours, allowing you to drive away with your new EV quickly.

Other deal sweeteners and perks

In addition to their core strengths, Wisr’s EV car loan options offer several attractive incentives:

  1. Flexible Repayment Options: Wisr offers flexible repayment options, including monthly, fortnightly, or weekly payments, and you can choose principal and interest or interest-only repayment plans, making it easier to tailor your loan to your budget.
  2. Wide Loan Amount Range: For EV financing, Wisr offers secured car loans up to $147,000, which is perfect for both affordable and premium EV models.
  3. Dedicated EV Support: Wisr specializes in electric vehicle loans, understanding the unique needs of EV buyers, and offering tailored support to help make the transition to electric driving as smooth as possible.

What’s not so great

While Wisr’s EV car loans have numerous advantages, it’s important to consider the potential drawbacks:

  1. Establishment Fees: Wisr charges an establishment fee of $605 for refinance and dealer sales, and $655 for private sales, which could increase the initial cost of securing your loan.
  2. Late Payment Fee: If a payment is missed, a $25 late payment fee will apply, which could increase the overall cost of the loan.
  3. Eligibility Criteria: Wisr has specific eligibility requirements, including a minimum gross income of $25,000 p.a., no unpaid defaults, and no bankruptcies within the last 7 years. Make sure you meet these criteria before applying.

Overall Rating

Wisr offers a great choice for financing electric vehicles with competitive rates, flexible terms, and quick approval. Their commitment to supporting EV buyers and offering tailored financing solutions makes them a strong option. However, customers should be mindful of establishment and late payment fees, as well as meeting the eligibility criteria for loan approval.