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Interest Rate Update: We wish to advise that interest rates on selected loan & investment products have increased by 0.25%. Please visit our Interest Rates page for further information.
Driving towards a greener future
At Transport Mutual, we're committed to supporting the transition to sustainable transport and energy solutions. Our Green Road initiative reflects this commitment, offering financing options for electric vehicles (EVs), hybrid cars, solar panels, battery storage, and even bicycles, including e-bikes.
The evolution of sustainable transport
In recent years, the automotive industry has taken significant steps towards sustainability. Early adopters like Toyota and Tesla demonstrated the viability of hybrid and fully electric vehicles. Today, EVs have become more mainstream, with models like the Nissan Leaf and Hyundai Ioniq leading the way. Manufacturers are increasingly offering hybrids, plug-in hybrids, and fully electric vehicles, expanding consumer choices.
Simultaneously, the development of roadside charging infrastructure by private companies and motoring organisations has extended the reach of EVs. The growing focus on climate change, rising energy costs, and the availability of renewable energy options like solar power and battery storage have further accelerated the shift towards sustainable transportation.
Introducing the Green Road Loan
7.14 % p.a. Interest rate 7.45 % p.a. Comparison rate
To support this transition, Transport Mutual has introduced the Green Road Loan—a secured personal loan designed for:
- Electric vehicles
- Hybrid electric vehicles
- Bicycles, including e-bikes
- Solar panel systems and installation
- Battery storage units and installation
This loan offers a low variable interest rate, no ongoing fees, and the flexibility to make extra repayments at any time. It's our way of encouraging members to embrace environmentally friendly choices.
Why Transport Mutual?
We’ve been helping transport workers, their families, and the wider community reach their financial goals for over 50 years. As a member-owned credit union, everything we do is designed to benefit you - not big bank profits.
