Planet-Wise Transportation Loan (EV Loan)

Personal

Business

Why us

Join us

Wise in more ways than one.

Rebates and incentives

Get rewarded for choosing sustainability. Have administration fees waived for loans under $5,000. Plus, get details about provincial and federal rebates and incentives available to you.

Flexible payment options

Take your time. You have up to 10 years to repay your EV loan or if you purchase a low CO² emitting vehicle.

Calculate loan interest

Competitive and preferential rates

Enjoy lower interest rates compared to a conventional loan. Borrow from Vancity Prime¹ +1%² to Vancity Prime¹+2%² when you get your transportation loan with us.

Vancity Prime Rate: 5.95%¹
As at 2024-10-24

Choose what drives you.

Get a Planet-Wise Transportation loan to match your sustainable transportation option.

Purchase of non-motorized and motorized electric bicycle, e-bike and scooter

Max. term: 5 years
Min. amount: $1,500
Pricing: Vancity Prime Rate +1%¹

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EV loan to purchase a new or used electric vehicle. All EVs qualify

Max. term: 10 years
Max. amount: based on how you qualify³
Pricing: Vancity Prime Rate +1%¹

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Installation of EV charging stations for residential properties

Max. term: 10 years
Max. amount: based on how you qualify³
Pricing: Vancity Prime Rate +1%¹

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For new or used vehicles no older than 5 years

Includes hybrids, plug-in hybrids and alternative fuel vehicles
Max. term: 10 years
Max. amount: Based on how you qualify
Pricing: Vancity Prime Rate +2%¹

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To buy and install to an existing vehicle or to buy of the vehicle itself

Max. term: 10 years
Max. amount: based on how you qualify
Pricing: Vancity Prime Rate +1%¹

Book an appointment

Make it happen.

Here’s what applying for a Planet-Wise Transportation Loan or an electric vehicle (EV) loan is like.

See what your loan could be

If you’re curious what your payments might look like or how much it might cost, try using our loan calculator.

Talk to us

Book an appointment with us to get advice and a sense of what you could be approved for as you shop for your vehicle.

Hear your options

To determine if you’re eligible for a Planet-Wise Transportation loan, your vehicle must match the specs required to be Planet-Wise. Your advisor will check this with you.

Provide application documents

Once the Account Manager or Lending Specialist finds the right solution for you, they’ll put together the application and handle the rest for you.

See document checklist

Sign for your loan

When everything is ready, we’ll set up a time for you to visit your nearest branch and submit your signatures. If you’re an existing Vancity member, you can sign virtually without leaving home.

Get started

Planet-Wise Transportation Loan — Electric Vehicle (EV) Loan

Get to and from with less emissions.

Wise in more ways than one.

Rebates and incentives

Flexible payment options

Competitive and preferential rates

Choose what drives you.

Two-wheelers

Electric vehicle

Charging station and installation

Low CO2 emitting vehicle

Alternative fuel conversion system

Make it happen.

See what your loan could be

Talk to us

Hear your options

Provide application documents

Sign for your loan

Planet-Wise Transportation Loan — Electric Vehicle (EV) Loan

Get to and from with less emissions.

Wise in more ways than one.

Rebates and incentives

Flexible payment options

Competitive and preferential rates

Choose what drives you.

Two-wheelers

Electric vehicle

Charging station and installation

Low CO2 emitting vehicle

Alternative fuel conversion system

Make it happen.

See what your loan could be

Talk to us

Hear your options

Provide application documents

Sign for your loan

Explore other loans.

Planet-Wise Home Renovation loan

Line of credit