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

Get to and from with less emissions.

Borrow

From $1,500 and up

Best part

Get preferred rates for choosing the planet

Book an appointment

Fuel your sustainable travel choices with our Planet-Wise Transportation loans. Get affordable access to pedal bikes, e-bikes, scooters, EVs, hybrids, charging stations and conversion kits with flexible ways to repay.

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.

Two-wheelers

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
Book an appointment

Electric vehicle

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
Book an appointment

Charging station and installation

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
Book an appointment

Low CO2 emitting vehicle

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
Book an appointment

Alternative fuel conversion system

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

Explore other loans.

Planet-Wise Home Renovation loan

Renovation loans for energy-efficient homes.

Learn more

Line of credit

A smart choice when you don't need all of the money at once or an emergency fund.

Learn more
See all loans and lines of credit

Legal

¹ The Vancity Prime rate represents a variable rate of interest announced by Vancity from time to time as its Prime Lending Rate. Rate subject to change without notice.

² The rate is an annual Percentage Rate (APR.) APR assumes no fees apply and Rates are subject to change without notice.

³ Applications and the amount you can borrow are subject to meeting Vancity's normal lending criteria.

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Vancity is proud to operate on the traditional territories of the Coast Salish and Kwakwaka’wakw peoples, and we are committed to Reconciliation as a core value.

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