Important disclosure

Green Loans & Solar Loans

Need some extra dollars to become more sustainable and cultivate a greener lifestyle? Compare green loans and get repayment estimates so you can find the best win-win deal for you and the environment.

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Loan Amount

$10,000

Term

3 months

OurMoneyMarket

Low-Rate Personal Loan - Excellent Credit - Zero Fee

EST Monthly Repayment
EST Monthly Repayment
6.57%
Advert. Rate (p.a)
Comparison rate
OurMoneyMarket are a multi-award winning Aussie finance provider offering simple, fixed, low-rate loans from $2,000 to $75,000, plus free extra repayments and free early exits. Apply online to get a quote in minutes and funds as soon as the next day.
Plenti

Unsecured Personal Loan - Exceptional Credit

EST Monthly Repayment
EST Monthly Repayment
6.57%
Advert. Rate (p.a)
Comparison rate
An award-winning, low interest personal loan with no ongoing fees. Get your rate in 60 seconds and bring your big ideas to life today.
Now Finance

NOW Finance Unsecured No Fee Personal Loan

EST Monthly Repayment
EST Monthly Repayment
6.75%
Advert. Rate (p.a)
Comparison rate
Pay ZERO fees on all loans with NOW Finance. That's right - no establishment fee, no monthly fees, no early payout fee on all loans between $8,000-$50,000. What's more, get your guaranteed, tailored interest rate in two minutes without impacting your credit score. Comparison rate can vary from 6.75% to 26.95% p.a.*
OurMoneyMarket

Low Rate Personal Loan (Fixed, Secured) - Very Good

EST Monthly Repayment
EST Monthly Repayment
6.49%
Advert. Rate (p.a)
Comparison rate
OurMoneyMarket are a multi-award winning Aussie finance provider offering simple, fixed, low-rate loans from $2,000 to $75,000, plus free extra repayments and free early exits. Apply online to get a quote in minutes and funds as soon as the next day.
OurMoneyMarket

Low Rate Personal Loan (Fixed, Unsecured) - Good

EST Monthly Repayment
EST Monthly Repayment
7.49%
Advert. Rate (p.a)
Comparison rate
OurMoneyMarket are a multi-award winning Aussie finance provider offering simple, fixed, low-rate loans from $2,000 to $75,000, plus free extra repayments and free early exits. Apply online to get a quote in minutes and funds as soon as the next day.
OurMoneyMarket

Low Rate Personal Loan (Fixed, Unsecured) - Average

EST Monthly Repayment
EST Monthly Repayment
8.49%
Advert. Rate (p.a)
Comparison rate
OurMoneyMarket are a multi-award winning Aussie finance provider offering simple, fixed, low-rate loans from $2,000 to $75,000, plus free extra repayments and free early exits. Apply online to get a quote in minutes and funds as soon as the next day.
Plenti

Plenti - Personal Loan - Very Good Credit

EST Monthly Repayment
EST Monthly Repayment
12.49%
Advert. Rate (p.a)
Comparison rate
An award-winning, low interest personal loan with no ongoing fees. Get your rate in 60 seconds and bring your big ideas to life today.
Bankwest

Flexible Personal Loan

EST Monthly Repayment
EST Monthly Repayment
10.99%
Advert. Rate (p.a)
Comparison rate
Whatever it is you’re dreaming about, a Bankwest Flexible Personal Loan puts you in control. Pay it off early, make additional repayments and redraw additional repayments you’ve made all at no extra cost!
St.George Bank

Unsecured Personal Loan (Fixed)

EST Monthly Repayment
EST Monthly Repayment
12.99%
Advert. Rate (p.a)
Comparison rate
Whether you're taking control of your finances, planning a special event, or making a large purchase, our Unsecured Personal Loan may be the right solution.
St.George Bank

Unsecured Personal Loan (Variable)

EST Monthly Repayment
EST Monthly Repayment
12.99%
Advert. Rate (p.a)
Comparison rate
Whether you're taking control of your finances, planning a special event, or making a large purchase, our Unsecured Personal Loan may be the right solution.
Westpac

Westpac Unsecured Personal Loan

EST Monthly Repayment
EST Monthly Repayment
11.99%
Advert. Rate (p.a)
Comparison rate
A personal loan can help you to get what you’ve always wanted. Plan ahead with a flexible loan term of between 1 and 7 years. Apply for between $4,000 and $50,000 (conditions apply). Make extra repayments to pay your loan off sooner (prepayment fee may apply). Choose a repayment frequency to suit when you get paid - weekly, fortnightly or monthly.
NAB

NAB Variable Rate Personal Loan

EST Monthly Repayment
EST Monthly Repayment
12.69%
Advert. Rate (p.a)
Comparison rate
1-7 years flexible loan term, borrow from $5,000 up to $55,000 and redraw additional repayments you've already made
NAB

NAB Fixed Rate Personal Loan

EST Monthly Repayment
EST Monthly Repayment
12.69%
Advert. Rate (p.a)
Comparison rate
Borrow from $5,000 up to $55,000 for 1 to 7 years flexible loan terms
People's Choice Credit Union

Unsecured Personal Loan

EST Monthly Repayment
EST Monthly Repayment
13.99%
Advert. Rate (p.a)
Comparison rate
As a member owned organisation, our first priority is to help you. We continually focus on providing high levels of personalised service and value for money products – such as our Personal Loans– there to help you make those life-changing purchases.
Plenti

Plenti - Personal Loan - Good Credit

EST Monthly Repayment
EST Monthly Repayment
14.49%
Advert. Rate (p.a)
Comparison rate
An award-winning, low interest personal loan with no ongoing fees. Get your rate in 60 seconds and bring your big ideas to life today.
The Mac

Personal Loan Unsecured

EST Monthly Repayment
EST Monthly Repayment
15.99%
Advert. Rate (p.a)
Comparison rate
Whether you're dreaming of far away destinations or of revolutionising the world with your next big invention, our Unsecured Personal Loans are a flexible and simple solution from an ethical and trusted team.
Regional Australia Bank

Personal Loan

EST Monthly Repayment
EST Monthly Repayment
15.99%
Advert. Rate (p.a)
Comparison rate
All-purpose Personal Loan for quick and easy funds when you need them.
Plenti

Plenti - Personal Loan - Average Credit

EST Monthly Repayment
EST Monthly Repayment
18.45%
Advert. Rate (p.a)
Comparison rate
An award-winning, low interest personal loan with no ongoing fees. Get your rate in 60 seconds and bring your big ideas to life today.

BestFind.com.au provides factual information in relation to financial products. While BestFind.com.au attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at time of publishing. The information published on BestFind.com.au is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with BestFind.com.au. BestFind.com.au recommends that you read the relevant PDS or offer documentation before taking up any financial product offer. For more information please see BestFind.com.au's Terms of Use and Services Guide.

Minimum and maximum loan periods vary between 6 months and 10 years. Comparison interest rates vary between 6.55% and 20.89% p.a. Total interest repayments vary between $1,387 and $4,165 over the life of the loan. *Comparison rate is based on an unsecured loan of $10,000 for a term of 3 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

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Green loans in Australia – Reward yourself and the planet

There’s a lot of goodness in going green. It’s how you shrink your carbon footprint and energy costs. Green loans add a bit more to that goodness with low interest rates and special discounts for an even happier wallet. If this is all the motivation you need to finance your next eco-friendly project, check out what you need to know about getting a green personal loan in Australia.

What’s a green personal loan?

A green loan is a personal loan with an environmentally friendly attitude. While regular personal loans have many uses like weddings, holidays, or debt consolidation, a green loan only pays for projects with clear benefits for the environment.

“Going green” is an initiative that governments and even lenders applaud. Therefore, you’ll find that most green loans offer competitive interest rates and discounts than traditional personal loans and credit cards. However, besides cheaper borrowing costs, a green loan has all the familiar workings of a regular personal loan:

  • Loan amounts. A green loan generally allows you to fund sustainability projects worth between $2,000 and $100,000. Therefore, you can switch to an eco-friendly and energy-saving lifestyle without paying full upfront costs. Additionally, when it comes to protecting the environment, sooner is always better than later and a green personal loan helps you skip the savings queue.
  • Loan terms. Repayment periods for green loans are also flexible. Depending on amount and preference, you can pay off the lump sum together with interest and fees over 1 to 7 years. Again, going green becomes affordable when you only have to pay a bit at a time instead of making a much bigger one-off payment.

How a green loan can help you

As mentioned earlier, green loans are only fit to cover approved eco-friendly products, home improvements and purchases. This may include:

  • Energy efficient appliances that meet the minimum star rating requirements
  • Energy efficient air conditioners
  • LED lighting
  • Double glazed windows
  • Outdoor or external awnings
  • Rainwater tanks
  • Grey water treatment systems
  • Wind turbines
  • Vehicles with low carbon dioxide emissions

Keep in mind that because green loans are governed by strict standards, not all products or projects with a green theme will qualify. Generally, lenders will need documented proof to ensure the money is being used for the right cause. If you’re unable to get a green loan, you can still get the ball rolling by applying for a low-rate personal loan.

What are solar loans?

A solar loan is a type of green personal loan that pays for:

  • Rooftop solar panels
  • Solar hot water heaters
  • Solar pool heaters
  • Battery storage systems

More and more Aussies are getting off the grid, with rooftop solar installations being a particularly favourite way to do so. Going solar isn’t just a green thing to do; it also trims your energy bills, gives you access to government grants and boosts your property’s value.

Top green personal loans in Australia

There are plenty of green loan providers in Australia, and here are just a few to point you in the right direction:

  • Bendigo Bank. Bendigo Bank’s secured green personal loan is handy for buying “A” rated vehicles that emit below 130g of CO2 per km. Its green unsecured loan is ideal for solar power systems, energy saving white goods, as well as other green initiatives.
  • Bank First. When choosing a Bank First green personal loan, you can talk to their lending specialists. They help you choose the best option for your unique needs and guide you through the buying process. The funds cover many eco-friendly uses and come with advantages such as a redraw facility.
  • Community First Credit Union. You can apply for both solar and green loans to enjoy low rates, fewer fees, and great features.
  • Hunter United. This lender offers a Green Saver loan to help turn your home green. It’s suitable for solar installations and sustainable home improvements such as insulation.
  • Australian Military Bank. You can get unsecured funds for approved clean energy products that have to do with energy, hot water, battery storage, recycling, and water capture, as well as other things.
  • Police Bank. As a member, a Police Bank green loan rewards you for chipping in to protect the environment. You get a special low interest rate as long as you’re financing solar water hot systems, green vehicles, rainwater tanks, and similar environmentally friendly products.

Comparing green loans and solar loans to find the best one

With enough green loan providers to go around, it’s best to consider the following features to find the best option for your circumstances:

  • Interest rates. A variable rate might offer more savings while a fixed rate provides the security of unchanging repayments. In any case, look out for the lowest rates available for each loan type.
  • Fees and charges. Fees also increase the overall cost of the loan. Compare the interest rate and comparison rate for each option. The difference will tell you whether the offer has fewer or steeper fees.
  • Loan limits. This applies to how much you can borrow, available terms, and approved uses. Make sure the offer ticks as many boxes as possible for your budget and needs.
  • Repayment flexibility. Common indicators of flexibility include making extra repayments without penalty and opting for a repayment frequency (weekly, fortnightly, or monthly) that suits your needs.
  • Secured vs unsecured personal loan. Decide if you want the even lower rates of a secured loan or a collateral-free deal that won’t put your assets at risk.

Green personal loans in Australia FAQ

Do I qualify for a green loan?

This depends on the lender, but the minimum requirements state that you must be at least 18 years old, and an Australian citizen with a steady income. You must also be financing a green project or product.

How do I apply?

Once you have picked your best option, click “Go to Site” for a shortcut to the lender’s website and application page.

Is a green loan affordable?

The maths depends on your situation. Done properly, green initiatives reduce energy costs, and if you implement them sooner, you might get more value than waiting on your savings. While on the subject of affordability, make sure to use BestFind’s green loan calculator to find suitable repayment estimates for your budget.

What are green loan principles?

These are four principles that set the standards for what constitutes green finance. They look at the following:

  • Use of funds
  • Process for project evaluation and selection
  • Management of funds
  • Reporting

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