Aussies say yes to green loans with Bendigo Bank seeing a 600% increase in demand

By Sara Borman · · 1 min read
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green loan on the brain helping the environment

Wondering if Australians are taking eco-friendly finance seriously? Wonder no more - reporting from Bendigo and Adelaide Bank shows that demand for green loans has increased by more than 600% from one year ago. 

As one of many tools to help in going green with your finances, green loans can be used to help finance your transition to a more energy-efficient lifestyle. Bendigo Bank’s green personal loans can be used to fund new and used electric vehicles (EV’s), solar panels, solar hot water, grey water treatment systems, double glazing, energy efficient white goods, solar batteries, electric vehicle charging stations and more (check eligibility on application).

The bank is seeing the highest number of green loan applications ever by a long shot, despite overall indicators from the Australian Bureau of Statistics (ABS) showing stable lending commitments year on year.

This boom in green personal loans is far from unexpected. We’ve seen an influx of new green loan products into the market, with offerings from big banks like Commonwealth and Westpac. 

Other lenders, like Bank Australia, have committed to phasing out loans for new combustion engine cars by 2025. More still offer some of their most competitive rates to those in the market for electric and hybrid vehicles, or making renovations that reduce their carbon footprint.

If you’re looking for a loan, our experts have done the hard yards and picked the best personal loans on the market. We’ve also outlined some ethical banking options you might want to check out.

Personal loan comparisons on Mozo

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Last updated 25 July 2025 Important disclosures and comparison rate warning*
  • Low Rate Personal Loan

    Exceptional Credit, $5,000 - $75,000, or up to $100,000 for eligible purposes

    interest rate
    comparison rate
    Monthly repayment
    6.28% p.a.to 18.99% p.a.
    6.28% p.a.to 21.78% p.a.based on $30,000
    over 5 years

    Competitive low rates for borrowers with exceptional credit on 1-7 year loans from $5,000 up to $75,000 (or up to $100K for home improvements or car loans); no monthly account keeping fees, no exit fees and no early repayment fees. Winner of Mozo's Experts Choice Excellent Credit Unsecured Personal Loan 2024 and Excellent Credit Secured Personal Loan 2024 awards ^. Min. income of 25k after tax, to apply.

    Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 6.28% would cost $35,033.88 including fees.

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  • Express Personal Loan

    Secured

    interest rate
    comparison rate
    Monthly repayment
    16.95% p.a.to 29.95% p.a.
    32.99% p.a.to 45.5% p.a.based on $10,000
    over 3 years

    Access fast finance on loans from $3,000 to $25,000 with a Jacaranda Finance Personal Loan. Terms from 25-36 months. Check if you qualify with no impact on your credit score. Enjoy a speedy, online approval.

    Repayment terms from 2 years to 3 years. Representative example: a 3 year $10,000 loan at 16.95% would cost $14,952.03 including fees.

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    Details
  • Secured Personal Loan

    Exceptional Credit, $5,000-$75,000

    interest rate
    comparison rate
    Monthly repayment
    6.28% p.a.to 18.99% p.a.
    6.28% p.a.to 21.78% p.a.based on $30,000
    over 5 years

    Get a secured personal loan with competitive low rates for borrowers with exceptional credit. A simple fixed interest rate that can be repaid weekly, fortnightly or monthly, over 1 to 7 years (10 years for Green Loans). Managed entirely online, at any time. No monthly account keeping fees, no exit fees and no early repayment fees. Quick and easy, 100% online application. Establishment fees apply.

    Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 6.28% would cost $35,033.88 including fees.

    Compare
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    Details

* WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

^See information about the Mozo Experts Choice Personal Loan Awards

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