Step-by-Step Guide to Financing Your Electric Vehicle

1. Online Simulation: Access the websites of Bank of Brazil, Santander, Itaú or Creditas And run a free simulation by specifying your desired model. Compare rates between at least 3 institutions before deciding.

2. Vehicle Selection: Select from BYD (market leader) GWM, JAC, Nissan, Chevrolet, Renault, Volvo, BMW, Audi or Mercedes-BenzCheck stock availability at partner dealerships.

3. Document Submission: Upload digitally via your bank or fintech app. A Porto Seguro Bank and BV Financeira They offer approval in up to 2 hours through automated analysis using artificial intelligence.

4. Credit Analysis: Institutions evaluate income versus installment amount, payment history, and banking relationship. Having a salary account at the applicant's bank increases the chances of approval by 40%.

5. Digital Signature: After approval, sign the contract electronically with a digital certificate. The entire process is 100% online, with no need to visit an agency.

6. Credit Release: The bank transfers the funds directly to the dealership within 48 hours. You pick up your brand new electric car with all the paperwork paid off.

Best Institutions for Financing Electricity

Bank of Brazil: Fixed rate starting at 0.69% per month for account holders, up to 72 months, and simplified approval for public servants. Official partnership with BYD offers VIP conditions.

Santander: Green financing with 0.89% per month, 90-day grace period, and up to 100% of the value with no down payment for Select clients. Auto insurance included in the installments.

Itaú: Pre-approved credit in the app for Personnalité clients, rates starting from 0.99% per month and partnership with Volvo, BMW and Audi for premium models.

Caixa Econômica: Best option for public servants and state-owned company employees, with up to 84 months and subsidized rates of 0.79% per month. Accepts FGTS (Brazilian employee severance fund) as down payment.

Credits: Fintech specializing in vehicle-secured loans offers up to R$ 400 thousand with competitive rates of 1,19% per month. Approval even with a credit score starting at 300 points.

BV Financeira: Partnership with Chevrolet and NissanCredit analysis in 2 hours and express approval for financing. Bolt EV and Leaf.

Real Savings with Electric Cars

One BYD Dolphin Mini financed over 60 months, it comes out to R$ 2,150 per month. Santanderbut it saves R$ 650/month in fuel compared to a Fiat Argo equivalent. By the end of the financing, you will have saved R$ 39 thousand on fuel alone.

Maintenance is up to 60% cheaper: electric cars don't require oil changes, filters, spark plugs, or clutch replacements. Nissan Leaf It costs only R$ 450 annually for basic servicing compared to R$ 1,800 for a conventional sedan.

Zero IPVA (Vehicle Property Tax) in several states represents annual savings of R$2,500 to R$8,500 depending on the model. Over the financing period, this means up to R$51,000 saved.

Most Funded Models in 2025

BYD Dolphin Mini (R$ 119.800): Absolute sales leader, perfect compact electric car for the city with a range of 380 km. Installments starting from R$ 1,890 with no down payment.

JAC E-JS1 (R$ 169.900): Electric sedan with excellent cost-benefit ratio, 360 km range and superior finish. Financing in 72 months with R$ 2,650 monthly payments.

BYD Yuan Plus (R$ 229.800): Bestselling compact SUV in the electric segment, 430 km range and cutting-edge technology. R$ monthly payment of 3,580 over 60 months.

GWM Ora 03 GT (R$ 179,000): Premium electric hatchback with futuristic design, 400 km range and advanced safety features. Installments of R$ 2,790 with no down payment.

Chevrolet Bolt EV (R$ 285.990): Benchmark in range with 416 km, spacious hatchback ideal for families. Financing available for R$ with monthly payments of 4,450 via BV Financeira.

Nissan Leaf (R$ 285.990): Pioneer of electric vehicles in Brazil, proven reliability and national service network. R$ installments of 4,400 in Bank of Brazil.

Volvo XC40 Recharge (R$ 389,950): Premium SUV with Scandinavian luxury, 418 km range and hybrid technology. Finance in 72 months with R$ 6,150 monthly payments. Itaú.

BYD Shark PHEV (R$ 379.800): The only plug-in hybrid pickup truck on the Brazilian market, 100 km in electric mode and 4x4 traction. Installments of R$ 5,900 in Caixa Econômica.

Tips for Getting a Better Rate

Transfer your salary to the bank where you will apply for financing. An active relationship reduces rates by up to 0.4% per month, representing savings of R$ 12 thousand over 60 months.

Offer additional guarantees such as a paid-off property or financial investments. Creditas Reduces interest rates from 1.89% to 0.99% per month with real estate collateral.

Negotiate a shorter term if possible. Financing over 48 months instead of 72 can reduce the total cost by up to 35%, even with larger installments.

Compare at least 4 financial institutions. Use comparison websites such as Best rate and Creditas to view all available options simultaneously.

Take advantage of seasonal campaigns. In months like January, April, July, and November, banks offer promotional rates up to 30% lower to meet quarterly targets.

Charging Infrastructure Is No Longer a Problem

Brazil has more than 5,800 public charging points in networks such as Shell Recharge, Tupinambá, Zletric and EDPApps show nearby stations in real time.

Install a home wallbox charger for R$ 3,500 to R$ 8,000 and recharge overnight at a reduced rate. A full charge in BYD Dolphin It costs only R$ 22 at a home socket.

Dealerships BYD, GWM and Volvo They offer free recharge credits for 1 year when purchasing a new vehicle, representing additional savings of up to R$ 3,600.

Frequently Asked Questions About Financing

Can I finance a 100% without a down payment? Yes, institutions such Santander, Bank of Brazil and Creditas They approve up to 100% of the value for clients with good proven income and banking relationship.

What is the maximum deadline? Up to 84 months in Caixa Econômica for public employees, and 72 months in other institutions for new electric models.

Does a low score prevent approval? Not necessarily. Fintechs like Embracon and Rodobens They approve applications with a score starting at 300 points, analyzing payment capacity.

Can I use my FGTS (Brazilian employee severance fund)? Yes, a Caixa Econômica Allows the use of FGTS (Brazilian employee severance fund) as a down payment or to reduce installments on the financing of an electric vehicle.

Is there a grace period before the first payment? Yes, Santander and Bradesco They offer up to 90 days, while Bank of Brazil It offers 180 days of special promotions.

Can I trade it in for another electric one before paying it off? Yes, through refinancing. After 12 months you can refinance the debt and use your current vehicle as a down payment for an upgrade.

Exclusive Advantages from 2025

New regulatory framework reduced import taxes on electric cars, lowering prices by up to 15%. Models such as BYD Seal and GWM Haval H6 They became more accessible.

A federal program to encourage electric mobility offers a subsidy of up to R$15,000 for the purchase of vehicles with a range of over 300 km, reducing the amount to be financed.

Banks have created specific ESG lines of credit with reduced rates for sustainable vehicles. Bradesco offers an additional 0.20% discount on green financing.

Expansion of the fast charging network enables interstate travel. Major highways already have chargers every 150 km through the Shell and Petrobras.

Start Your Electric Transition Today

Don't wait any longer to drive the future. With no down payment financing, special rates, and proven monthly savings, the electric car has gone from being a luxury to a smart choice.

Access the simulators now. Bank of Brazil, Santander, Itaú, Bradesco or Creditas and find out how much you will pay monthly for your BYD, GWM, Nissan, Chevrolet or Volvo electric.

Over 40,000 Brazilians have already made the transition in 2024. Be the next to save thousands of reais annually while contributing to a cleaner planet. The time is now.