Green car loan
A loan for individuals buying a new or pre-owned electric or hybrid car, financing up to 90% of the showroom price excluding VAT.
Questa opportunità è attualmente disponibile in inglese.
Borrow up to 90% of the car’s showroom price excluding VAT and repay the loan over up to seven years. This is money you borrow and repay with interest.
The advertised annual interest rate starts at the bank’s prime lending rate (PLR) minus 0.5 percentage points. It is variable, so it can change; the bank lists a PLR of 7.20% in its rate table updated on 8 June 2026.
For individuals, the bank’s loan-processing fee is 1% of the loan facility, with a minimum of MUR 5,000. If approved loan money remains undrawn three months after the official sanction letter, the bank charges 1% a year on that unused balance, payable quarterly. In ordinary terms, this charge applies to approved money you have not yet taken.
Individuals pay no penalty or interest on a penalty for early repayment of an outstanding loan amount granted in Mauritian rupees on or after 1 January 2014.
Eligibility
- The car must be electric or hybrid. New and pre-owned cars are covered.
- The bank must approve your credit application. Its terms and conditions apply.
How to apply
- Stato
- Aperto continuamente
Complete AfrAsia Bank’s Green Car Loan enquiry form with your contact details and car information. The form accepts enquiries from existing clients and people who are not yet clients. You can also call +230 403 5500 or email afrasia@afrasiabank.com.