ECO-GREENER AUTO Loan
Borrow to buy a new hybrid or electric vehicle if you live in Newfoundland and Labrador and can join Public Service Credit Union.
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Public Service Credit Union lends money for new hybrid and electric vehicles to help reduce your carbon emissions. You repay the loan with interest over a term of one to seven years. The minimum loan is CAD 10,000; advertised interest rates start at 6.70%. Flexible repayment options are available, and you can repay early without a prepayment penalty.
Eligibility
- Membership is open to all residents of Newfoundland and Labrador. The application accepts people who are not already members.
- The vehicle must be new and hybrid or electric.
- The application asks for your income and existing debts for the credit application.
How to apply
- Statut
- Candidatures au fil de l’eau
Apply through Public Service Credit Union’s online personal-loan application and give the vehicle purchase as your reason for borrowing. You can also call 709 579 8210 or visit a branch.
The form requests the account from which payments will be made and a void cheque. If the loan will be used by or on behalf of a third party, complete and attach a Third Party Determination form.