Borrowers looking to purchase an environmentally friendly home improvement such as rainwater tank or solar panels should check out Bendigo Bank’s Green Personal Loan. Not only is it an award-winner in the 2024 Mozo Experts Choice Award, it has a low starting loan amount of $2,000, and a tonne of neat features including a redraw facility and flexible repayment schedule.
Enjoy going green while benefiting from low fixed rates that start from 5.49% p.a. (5.84% p.a. comparison rate*) with Bendigo Bank’s Green Personal Loan. The loan term is for a minimum of 1 year up to a maximum of 7 years, and it comes with handy features such as a free redraw facility and the ability to choose whether you’d like to make weekly, fortnightly, or monthly repayments.
As this is a secured loan, borrowers will be required to provide their vehicle as security against the loan. In saying that, you may be eligible to take out a larger loan amount and keep to a lower interest rate due to this security.
The catch is, while there are no exit fees, borrowers will have to shell out on application and service fees - and if you make a late or early repayment, this can potentially attract additional fees too.
This loan could be suitable if you're looking to make the green upgrades to your home.
There are some fees that borrowers may want to factor into the budget, such as the application and service fees.
Fixed |
|
5.49% p.a. fixed |
|
5.84% p.a.based on $30,000 |
$250.00 |
|
$5.00 |
|
$35.00 |
|
$0.00 |
|
$20 |
$2,000.00 |
|
none |
|
1 Year |
|
7 Years |
|
Vehicle |
- |
|
Weekly, Fortnightly, Monthly |
|
yes |
|
yes |
|
Must be used on environmentally friendly items incl solar hot water, greywater systems, water tanks, efficient appliances, insulation, and more. |
|
none |
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.
As a 20-year-old student working part-time, my budget doesn’t stretch to a Tesla, but my eco-conscious spirit is always looking for ways to contribute positively to the planet. I recycle religiously, choose public transport over driving, support local produce, and my coffee cup is as reusable as my enthusiasm for sustainability. Discovering Bendigo Bank’s Secured Green Personal Loan felt like striking eco-gold. It’s not just a financial product; it’s a statement that aligns with my values. This loan enabled me to invest in a modest, energy-efficient vehicle without the guilt of a hefty carbon footprint or financial strain. The application process was surprisingly straightforward — no endless paperwork forests were harmed! Bendigo’s team understood my student constraints and environmental passion, offering me a plan that’s as green in ethos as it is in repayment. In a nutshell, Bendigo Bank’s green loan is perfect for young environmentalists like myself who want to make a difference while making ends meet. It’s a solid step towards a greener future, both for the planet and my finances
Read full reviewAs a 20-year-old student working part-time, my budget doesn’t stretch to a Tesla, but my eco-conscious spirit is always looking for ways to contribute positively to the planet. I recycle religiously, choose public transport over driving, support local produce, and my coffee cup is as reusable as my enthusiasm for sustainability. Discovering Bendigo Bank’s Secured Green Personal Loan felt like striking eco-gold. It’s not just a financial product; it’s a statement that aligns with my values. This loan enabled me to invest in a modest, energy-efficient vehicle without the guilt of a hefty carbon footprint or financial strain. The application process was surprisingly straightforward — no endless paperwork forests were harmed! Bendigo’s team understood my student constraints and environmental passion, offering me a plan that’s as green in ethos as it is in repayment. In a nutshell, Bendigo Bank’s green loan is perfect for young environmentalists like myself who want to make a difference while making ends meet. It’s a solid step towards a greener future, both for the planet and my finances
Interest rate could be lower for personal loan.
Read full reviewInterest rate could be lower for personal loan.
I could not get a personal loan due to bad credit.
Read full reviewI could not get a personal loan due to bad credit.
This is the bank that approved and provided the loan.
Read full reviewThis is the bank that approved and provided the loan.
As a long term customer with good credit I find dealing with this financial institution always efficient.
Read full reviewAs a long term customer with good credit I find dealing with this financial institution always efficient.
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Low Rate Personal Loan
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Express Personal Loan
14.95% p.a.to 27.95% p.a.
29.30% p.a.to 42.8% p.a.based on $10,000
over 3 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years
Debt Consolidation
6.57% p.a.to 18.99% p.a.
7.19% p.a.to 19.39% p.a.based on $30,000
over 5 years
Express Personal Loan
14.95% p.a.to 27.95% p.a.
29.30% p.a.to 42.8% p.a.based on $10,000
over 3 years
Clean Green Car Loan
7.29% p.a.
8.41% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years
Low Rate Personal Loan
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Express Personal Loan
14.95% p.a.to 27.95% p.a.
29.30% p.a.to 42.8% p.a.based on $10,000
over 3 years
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Low Rate Personal Loan
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years