Heartland Bank’s General Manager, Consumer, Darryl Harnett said Heartland Bank is pleased to be
partnering with Tesla, a leading-edge brand in the electric vehicle industry. “Heartland Bank has a
strong synergy with Tesla, with its emphasis on innovative technology, digitalisation and
sustainability – all of which align to our strategic focus as a New Zealand bank.”

Heartland Bank’s simple online finance application, accessible from the Tesla website, can provide
Tesla’s consumer customers a decision on their vehicle loan application in minutes. Through
Heartland Bank’s platform, Kiwi businesses also have simple and affordable access to EVs to improve
their own sustainability footprint.

To further enhance the convenience for customers, Heartland Bank provides a user-friendly mobile
app that allows borrowers to manage their loan repayments easily, anytime and anywhere.

“We understand that New Zealanders are looking for simplicity when applying for and managing
their finance. We are continuously enhancing our Motor Finance digital capabilities to enable faster
and easier access to vehicle finance through online application platforms,” said Darryl.

According to Drive Electric’s 2023 State of the Nation report, New Zealand has one of the highest
rates of car ownership in the OECD, and transport, which makes up 37% of a typical household’s
carbon footprint in New Zealand, is responsible for 39% of New Zealand’s CO2 emissions.

“As one of Tesla’s two preferred finance providers in New Zealand, we’re proud to support Tesla
drivers in their transition to sustainable transportation, with a simple online EV finance solution at a
competitive rate.”

Heartland Bank’s vehicle finance offering is available now for Tesla consumer and business
customers throughout New Zealand, at a fixed rate of 8.90% p.a. Heartland Bank Limited’s
responsible lending criteria, terms, conditions and fees apply, including an establishment fee of $249
and a PPSR fee of $7.39. Interest rates are subject to change.

For a limited time until the end of March, Heartland Bank is waiving the establishment and PPSR
fees.

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About Heartland Bank

Heartland Bank Limited (Heartland Bank) is a 100% New Zealand operated and managed bank with a
long history stretching back to Ashburton in 1875.

Heartland Bank is niche bank focused on offering specialist banking products for the business, rural
and household sector. It provides customers with savings and deposit products, online home loans,
reverse mortgages, business loans, car loans and rural loans. It is New Zealand’s leading provider of
reverse mortgages and has been awarded Canstar’s Bank of Year Savings for five consecutive years
(2018-2022), and more recently recognised as a winner of the Canstar Outstanding Value Home
Lender Award in its Residential Home Lender category.

Heartland Bank is committed to delivering financial solutions through speed and simplicity,
particularly through digital platforms which reduce the cost of onboarding and make it easier for
customers to open accounts or apply for funds when needed.

Heartland Bank’s parent company, Heartland Group Holdings Limited (Heartland Group) is a financial
services group with operations in Australia and New Zealand. Heartland Group is listed on the New
Zealand and Australian stock exchanges (NZX/ASX: HGH).

More about Heartland Bank: heartland.co.nz