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Bank Australia Halts Loans for New Fossil Fuel Cars

Supporting the Transition to Electric Vehicles and Sustainability

Bank Australia Halts Loans for New Fossil Fuel Cars?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

In a bold move towards environmental sustainability, Bank Australia has ceased offering loans for new petrol, diesel, and hybrid vehicles as of February 2025.
This strategic decision aligns with the bank's commitment to achieving net-zero carbon emissions by 2035 and underscores its dedication to promoting environmentally friendly transportation options.

Published:Wednesday, 26th Nov 2025
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

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IMPORTANT: This website provides general information, tools and resources and does not take into account your objectives, financial situation or needs. We do not provide personalised financial advice or credit assistance, accept applications or quote requests, assess eligibility, or match or refer visitors to brokers, lenders or insurers. We do not select, recommend or arrange financial products for you. References to products or providers, including third-party advertising, are not personal recommendations. Consider seeking advice from an appropriately licensed professional before acting on the information. You should independently verify the credentials and licensing of any adviser or provider you engage. Visit the ASIC website for further information.