If sustainability is your goal, you might find yourself interested in the Commonwealth Bank Secured Green Personal Loan. Offering a discounted rate from CBA’s other secured personal loans, this loan starts at 6.49% p.a. (7.90% p.a. comparison rate*), giving you a low rate incentive to go green.
Designed to help you purchase an environmentally friendly electric vehicle or make some sustainable renovations to your home, the Commonwealth Bank Secured Green Personal Loan is an attractive option for making a sustainable switch.
Eligible sustainable purchases can score an interest rate starting from 6.49% p.a. (7.90% p.a. comparison rate*).
As this is a secured loan, you’ll have access to a higher borrowing limit and a lower interest rate. Just make sure you can pay it back, as defaulting on this loan will mean the bank can claim your assets.
Loans can range from $4,000 - $100,000 and can be taken out for terms between 1-7 years with a flexible repayment schedule - weekly, fortnightly, or monthly. You will have to pay an upfront establishment fee of $250 and a monthly $15 service fee, so keep that in mind.
You can make free extra repayments to this loan, but there is no redraw facility. There is also a $20 late payment fee, so remember to schedule your repayments.
If you’re looking to buy an electric vehicle (EV) or add some renewable energy resources to your home renovations, this loan could be of interest to you - just make sure you can make all of your repayments.
Double check that your planned spending meets CommBank’s eligibility criteria, as all purchases are subject to their own terms and conditions. Any solar panels, inverters, and battery packs will need to be installed by a Clean Energy Council approved retailer or installer in order to be approved.
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Fixed |
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6.49% p.a. fixed |
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7.90% p.a.based on $30,000 |
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$250.00 |
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$15.00 |
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$20.00 |
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$0.00 |
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n/a |
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$4,000.00 |
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$50,000.00 |
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1 Year |
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7 Years |
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Other |
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Green home improvements |
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Weekly, Fortnightly, Monthly |
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yes |
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no |
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The loan purpose must be for an eligible clean energy product. Only electric or hybrid cars emitting <120g CO2 emissions per kilometre are eligible. |
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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.
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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
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
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
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
7.69% p.a.
8.80% 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
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
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
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
Low Rate Personal Loan
9.14% p.a.to 11.19% p.a.
9.50% p.a.to 11.56% 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
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