A national bank has created a new car loan program that rewards consumers with a lower interested rate provided they purchase vehicles that have been certified to be environmentally friendly.

U.S. Bank will offer a half-percent rate reduction on used car loans certified by the EPA as SmartWay vehicles, meaning the automobile offers low emissions and good fuel economy.

“Including EPA-certified SmartWay vehicles in programs like this is a great way to lower greenhouse gas emissions,” said Margo Oge, director of EPA’s office of transportation and air quality. “We applaud companies that develop initiatives that benefit both the consumer and the environment.”

The bank also stated these car loans will be set up on automatic payment from a U.S. Bank account, making the transaction paperless. The program is available for used cars that are up to six years old.

People who are currently in the market for a used car and would like to take advantage of the program should visit the EPA’s website to find a list of cars that have been deemed SmartWay vehicles.

One of the vehicles listed on the site is a 2008 Chevy Aveo, which “sips fuel at a sufficiently frugal rate,” according to Edmunds.com.

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