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Electric Vehicle Loans

Go Electric.
Go Further.

Special financing rates for electric and plug-in hybrid vehicles. Drive cleaner — and pay less. Starting from 7.49% APR.

  • Lower APR than standard auto loans
  • Qualifies for federal EV tax credits
  • Plug-in hybrids (PHEVs) eligible
  • Terms up to 84 months
Apply for EV Loan See Benefits
⚡ EV LOAN FROM 7.49% APR

Rate

7.49%

APR

7.49%

Starting EV APR

$500K

Max Loan Amount

84 mo

Max Term

0.50%

Rate Below Standard

Why Finance Your EV with Najem Financial

Electric vehicle owners enjoy exclusive loan benefits on top of the savings from going electric.

Lower Rate Than Standard Auto

EV loans start at 7.49% APR — 0.50% below our standard new vehicle rate. More savings on top of lower operating costs.

Tax Credit Compatible

Your federal EV tax credit (up to $7,500) can be applied as a down payment or reduce your financed amount at closing.

PHEVs Included

Plug-in hybrid electric vehicles with at least 25 miles of electric-only range qualify for EV loan rates.

Flexible 84-Month Terms

Spread payments over up to 7 years. Combine lower EV running costs with a manageable monthly payment.

Preferred Rewards Discount

Stack your Preferred Rewards rate discount on top of the EV rate — as low as 6.99% APR for Platinum Honors members.

Fast Approval

Pre-qualify in minutes online. Most full application decisions are made within 1 business day.

EV Rate vs. Standard Auto Loan

How Najem Financial EV rates compare by loan amount (60-month term)

Eligible Vehicle Types

We finance all major EV brands and plug-in hybrids.

Tesla

Model 3, Y, S, X, Cybertruck

Ford EV

Mustang Mach-E, F-150 Lightning

Chevrolet

Silverado EV, Blazer EV, Bolt

Rivian

R1T, R1S

BMW

i4, i7, iX

Hyundai

Ioniq 5, Ioniq 6, NEXO

Kia

EV6, EV9

All Others

Any qualifying BEV or PHEV

Eligibility Requirement

Battery electric vehicles (BEVs) and plug-in hybrids (PHEVs) with a minimum 25-mile electric-only range qualify for EV loan rates. Mild hybrids and traditional hybrids (non-plug-in) are financed as standard auto loans.

Total Cost of Ownership Comparison

5-year estimated cost: EV vs. Gas vehicle (including fuel, maintenance, loan payment)

Apply in 3 Simple Steps

Step 01

Pre-qualify Online

Check your estimated EV rate with zero credit score impact in under 2 minutes.

Step 02

Choose Your EV

Shop at any dealership or configure online. We even support direct-order EVs (Tesla, Rivian).

Step 03

Sign & Charge Up

Get approved, sign online, and we fund directly to the dealer. You get the keys (and the plug).

EV Loan Questions

Does a plug-in hybrid qualify for the EV rate? +
Yes — plug-in hybrids (PHEVs) with at least 25 miles of electric-only range qualify for our EV loan rates. Traditional non-plug-in hybrids are financed as standard auto loans.
Can I use the federal EV tax credit toward my loan? +
You can apply the federal EV tax credit (up to $7,500 for qualifying vehicles) as a down payment at the time of purchase, reducing your financed loan amount.
Is there a difference between a used EV rate and a new EV rate? +
New EVs receive the lowest rate (7.49%). Used EVs are eligible for EV rates up to 3 years old; older used EVs may be financed at standard used-vehicle rates.
What is the minimum credit score for an EV loan? +
The minimum credit score is 650, same as our standard auto loan. The lowest rates are available to borrowers with scores of 720 or higher.
Can I finance home charging equipment with my EV loan? +
The primary loan covers vehicle purchase. Home charging equipment may be financed separately through a personal loan or home improvement loan. Ask a loan specialist for details.

Ready to go electric?

Join thousands of EV owners who chose Najem Financial for smarter financing.

Apply for EV Loan